About WearAway
WearAway is a company based in Los Angeles (United States) founded in 2014 by Arpi Dermardirousian and Lee Greene. It operates as a C2C. WearAway has raised $100 thousand across 1 funding round from investors including NVP Capital. WearAway operates in a competitive market with competitors including Curtsyapp, Pickle, Style Lend, LE ORA and DesignerShare, among others.
- Headquarter Los Angeles, United States
- Founders Arpi Dermardirousian, Lee Greene
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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
Apr 20, 2017
- Investors
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Employee Count
Employee Count
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Funding Insights of WearAway
WearAway 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 April 2017. 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
(20 Apr 2017)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2017 | Amount | Seed - WearAway | Valuation |
investors |
| 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 WearAway
WearAway has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include NVP Capital. 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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Early-stage venture capital is provided to innovative startups by NVP Capital.
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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 WearAway
| 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 - WearAway
| 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 |
Wearaway Comparisons
Competitors of WearAway
WearAway 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 Curtsyapp, Pickle, Style Lend, LE ORA and DesignerShare, 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 |
Apparel and accessories are rented peer-to-peer via mobile apps.
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| domain | founded_year | HQ Location |
Multi-category fashion items are rented peer-to-peer in local communities.
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| domain | founded_year | HQ Location |
Designer dresses are rented peer-to-peer by women.
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| domain | founded_year | HQ Location |
Multi-category women's fashion items are rented via an online platform.
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| domain | founded_year | HQ Location |
Multi-category fashion products for women are rented online via DesignerShare.
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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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Frequently Asked Questions about WearAway
When was WearAway founded?
WearAway was founded in 2014 and raised its 1st funding round 3 years after it was founded.
Where is WearAway located?
WearAway is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Is WearAway a funded company?
WearAway 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 Apr 20, 2017.
What does WearAway do?
WearAway operates with a C2C model, focusing on operating online marketplaces, marketplaces, apparel, and peer-to-peer trading. Operates a peer-to-peer mobile marketplace for apparel trading. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations. It continues to evolve, meeting industry challenges with strategic approaches.
Who are the top competitors of WearAway?
WearAway's top competitors include Pickle, Curtsyapp and DesignerShare.
Who are WearAway's investors?
WearAway has 1 investor. Key investors include NVP Capital.