About Thrift+
Thrift+ is a company based in London (United Kingdom) founded in 2017 by Joe Metcalfe.. Thrift+ has raised $4.05 million across 4 funding rounds from investors including Fuel Ventures, ClearlySo and Triple Point Ventures. The company has 31 employees as of March 31, 2020. Thrift+ offers products and services including Thrift+ Marketplace and Selling Service. Thrift+ operates in a competitive market with competitors including Depop, The Nu Wardrobe, The Edit Ldn, Luxe Collective Fashion and OWNI, among others.
- Headquarter London, United Kingdom
- Employees 31 as on 31 Mar, 2020
- Founders Joe Metcalfe
-
Sectors
Retail
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Thrift Retail Ltd
- Date of Incorporation 21 Feb, 2017
- Jurisdiction MARKET HARBOROUGH, ENGLAND
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$4.05 M (USD)
in 4 rounds
-
Latest Funding Round
$1.91 M (USD), Seed
Dec 23, 2022
-
Investors
Fuel Ventures
& 3 more
-
Employee Count
31
as on Mar 31, 2020
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Thrift+
Thrift+ offers a comprehensive portfolio of products and services, including Thrift+ Marketplace and Selling Service. 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.
Online service for buying and selling pre-loved fashion items securely
Feature allowing users to list and sell their pre-loved clothes easily
Unlock access to complete
Unlock access to complete
Funding Insights of Thrift+
Thrift+ has successfully raised a total of $4.05M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $1.91 million completed in December 2022. 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 4
- Last Round Seed — $1.9M
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2022 | Amount | Seed - Thrift+ | Valuation |
investors |
|
| Apr, 2020 | Amount | Seed - Thrift+ | Valuation | Triple Point , Green Angel Ventures | |
| Aug, 2019 | Amount | Seed - Thrift+ | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Thrift+
Thrift+ has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Fuel Ventures, ClearlySo and Triple Point Ventures. 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 |
|---|---|---|---|---|
|
Green Angel Ventures is focused on investing in climate startups.
|
Founded Year | Domain | Location | |
|
Multiple sectors are invested in by this venture capital firm.
|
Founded Year | Domain | Location | |
|
Investment banking firm
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Thrift+
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Thrift
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Thrift+ Comparisons
Competitors of Thrift+
Thrift+ 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 Depop, The Nu Wardrobe, The Edit Ldn, Luxe Collective Fashion and OWNI, 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 |
Pre-owned fashion products are traded via an app-based marketplace.
|
|
| domain | founded_year | HQ Location |
Used clothes are shared through an online community platform.
|
|
| domain | founded_year | HQ Location |
Preowned sneakers and apparel are sold via an online platform.
|
|
| domain | founded_year | HQ Location |
Second-hand fashion items are sold via an online marketplace.
|
|
| domain | founded_year | HQ Location |
Second-hand fashion items are offered through an online marketplace.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Thrift+
Frequently Asked Questions about Thrift+
When was Thrift+ founded?
Thrift+ was founded in 2017 and raised its 1st funding round 1 year after it was founded.
Where is Thrift+ located?
Thrift+ is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Thrift+ a funded company?
Thrift+ is a funded company, having raised a total of $4.05M across 4 funding rounds to date. The company's 1st funding round was a Seed of $951.56K, raised on Jun 01, 2018.
How many employees does Thrift+ have?
As of Mar 31, 2020, the latest employee count at Thrift+ is 31.
What does Thrift+ do?
Thrift was established in 2017 in London, United Kingdom, as an online platform in the sustainable fashion sector. Used clothing is facilitated for donation, sale, and purchase through the service. A portion of sales revenue is allocated to charitable causes. Access is provided via mobile applications compatible with Android and iOS devices.
Who are the top competitors of Thrift+?
Thrift+'s top competitors include Depop, The Nu Wardrobe and The Edit Ldn.
What products or services does Thrift+ offer?
Thrift+ offers Thrift+ Marketplace and Selling Service.
Who are Thrift+'s investors?
Thrift+ has 4 investors. Key investors include Fuel Ventures, ClearlySo, Triple Point Ventures, and Green Angel Ventures.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.