About Redenim
Redenim is a company based in Austin (United States) founded in 2016.. Redenim has raised $100 thousand across 1 funding round from investors including Sputnik ATX. Redenim operates in a competitive market with competitors including Armoire, Vow To Be Chic, Haverdash, Nuuly and Teacher Style Box, among others.
- Headquarter Austin, United States
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Sectors
Retail
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$100 K (USD)
in 1 rounds
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Latest Funding Round
$100 K (USD), Seed
Jan 17, 2018
- Investors
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Employee Count
Employee Count
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Funding Insights of Redenim
Redenim has successfully raised a total of $100K through 1 strategic funding round. The most recent funding activity was a Seed round of $100 thousand completed in January 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $100,000
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First Round
First Round
(17 Jan 2018)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2018 | Amount | Seed - Redenim | Valuation | Sputnik ATX |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Investors in Redenim
Redenim has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Sputnik ATX. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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A venture capital and accelerator program for startups is operated.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Redenim
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Redenim
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Redenim Comparisons
Competitors of Redenim
Redenim 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 Armoire, Vow To Be Chic, Haverdash, Nuuly and Teacher Style Box, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Subscription-based online rental platform offering casual wear for women
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| domain | founded_year | HQ Location |
Designer bridesmaid dresses and Little White Dresses are rented online.
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| domain | founded_year | HQ Location |
Offers monthly subscription service for renting women's everyday fashion clothing.
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| domain | founded_year | HQ Location |
Subscription service for renting clothes from multiple brands monthly.
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| domain | founded_year | HQ Location |
Provides clothing rental subscriptions with curated styles for teachers' daily needs.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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Frequently Asked Questions about Redenim
When was Redenim founded?
Redenim was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is Redenim located?
Redenim is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Is Redenim a funded company?
Redenim is a funded company, having raised a total of $100K across 1 funding round to date. The company's 1st funding round was a Seed of $100K, raised on Jan 17, 2018.
What does Redenim do?
Redenim was founded in 2016 in Austin, United States, within the fashion rental sector. A digital platform is operated to enable women to lease designer denim brands for extended periods. Lease terms allow returns at the end for new selections or buyouts of remaining periods to achieve ownership. Services focus on sustainable access to high-end apparel without full purchase commitments.
Who are the top competitors of Redenim?
Redenim's top competitors include Armoire, Vow To Be Chic and Charlotte's Closet.
Who are Redenim's investors?
Redenim has 1 investor. Key investors include Sputnik ATX.