About Hirestreet
Hirestreet is a company based in Newcastle Upon Tyne (United Kingdom) founded in 2018. It operates as a D2C, and Subscription. The company has 32 employees as of December 31, 2021. Hirestreet has completed 1 acquisition, including Hire That Look. Hirestreet offers products and services including Dress Rental, Subscription Service, and Outfit Rental. Hirestreet operates in a competitive market with competitors including Tie Society, Wish Want Wear, My Celebrity Dress, Dream Wardrobe and Hire The Catwalk, among others.
- Headquarter Newcastle Upon Tyne, United Kingdom
- Employees 32 as on 31 Dec, 2021
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Sectors
Consumer
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Phone
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Website
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Social
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- Legal Name Hirestreet Limited
- Date of Incorporation 20 Nov, 2017
- Jurisdiction GATESHEAD, TYNE AND WEAR, ENGLAND
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
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Employee Count
32
as on Dec 31, 2021
- Investments & Acquisitions
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Products & Services of Hirestreet
Hirestreet offers a comprehensive portfolio of products and services, including Dress Rental, Subscription Service, and Outfit Rental. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Service for renting dresses for weddings and events
Unlimited wardrobe access for monthly fee
Renting jumpsuits and coats for various occasions
Funding Insights of Hirestreet
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Hirestreet
Hirestreet has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Hire That Look. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
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Designer dresses for women are rented via an online platform.
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Hirestreet
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Hirestreet Comparisons
Competitors of Hirestreet
Hirestreet operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Tie Society, Wish Want Wear, My Celebrity Dress, Dream Wardrobe and Hire The Catwalk, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Provides designer menswear rental services.
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| domain | founded_year | HQ Location |
Platform for renting luxury designer dresses.
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| domain | founded_year | HQ Location |
Operates an online platform for renting luxury apparel for women.
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| domain | founded_year | HQ Location |
Provides rental services for designer dresses.
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| domain | founded_year | HQ Location |
Provides online and in-store hiring of designer dresses for occasions in the UK.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Hirestreet
Frequently Asked Questions about Hirestreet
When was Hirestreet founded?
Hirestreet was founded in 2018.
Where is Hirestreet located?
Hirestreet is headquartered in Newcastle Upon Tyne, United Kingdom.
How many employees does Hirestreet have?
As of Dec 31, 2021, the latest employee count at Hirestreet is 32.
What does Hirestreet do?
Hirestreet operates as an online service for renting clothing items, including dresses, jumpsuits, and coats, primarily for occasions such as weddings and holidays. It uses a subscription model with free delivery and returns, allowing users to swap items easily. Based in the UK, it serves individual consumers seeking affordable fashion alternatives, emphasizing sustainability through rental rather than ownership.
Who are the top competitors of Hirestreet?
Hirestreet's top competitors include Tie Society, Wish Want Wear and My Celebrity Dress.
What products or services does Hirestreet offer?
Hirestreet offers Dress Rental, Subscription Service, and Outfit Rental.
How many acquisitions has Hirestreet made?
Hirestreet has made 1 acquisition, including Hire That Look.