Rebag

Rebag

Luxury resale platform for designer items

About Rebag

Simplify's Rating
Why Rebag is rated
B+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated A on Differentiation

Industries

Data & Analytics

Consumer Goods

Company Size

51-200

Company Stage

Series E

Total Funding

$112.8M

Headquarters

New York City, New York

Founded

2014

Overview

Rebag specializes in the luxury resale market, focusing on designer handbags, accessories, watches, and jewelry. Its proprietary technology, Clair, uses image recognition to provide instant resale values for over 15,000 styles, making it easy for sellers to receive accurate offers. Rebag differentiates itself from competitors by offering a trade-in program for Rebag Credit, encouraging customer loyalty. The company's goal is to create a seamless and efficient platform for buying and selling high-quality, authenticated luxury items.

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Simplify's Take

What believers are saying

  • Rebag+ program could increase repeat purchases with its unique membership benefits.
  • Clair Report guides inventory strategy by highlighting high-retention brands like Telfar.
  • Inflation-driven interest in secondhand goods boosts Rebag's appeal to budget-conscious shoppers.

What critics are saying

  • Amazon's Retail Ad Service may divert potential customers from Rebag's platform.
  • Social media platforms challenge Rebag's market share in secondhand luxury goods.
  • Security vulnerabilities in physical stores could increase operational costs and affect trust.

What makes Rebag unique

  • Rebag uses Clair technology for instant luxury item appraisals, enhancing seller trust.
  • Rebag+ membership offers 'fund now, buy later' model, boosting customer loyalty.
  • Partnership with thredUP expands resale options, increasing customer engagement.

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Funding

Total Funding

$112.8M

Below

Industry Average

Funded Over

8 Rounds

Notable Investors:
Series E funding typically includes additional rounds after Series D if the company needs more capital. The business is usually stable, and these rounds are typically used for further expansion or to address market challenges.
Series E Funding Comparison
Below Average

Industry standards

$100M
$245M
Stripe
$250M
Reddit
$1250M
Epic Games
$1500M
Airbnb

Benefits

Flexible Work Hours

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

-2%

2 year growth

-1%
Retail Doc
Mar 6th, 2025
Latest Retail Industry Trends, News & Insights

In 2020 and 2021, Rebag was named one of Fast Company's Most Innovative Companies.

PYMNTS
Jan 16th, 2025
Amazon Launches Retail Ad Service To Compete With Walmart Connect

Amazon has launched its Retail Ad Service, a new platform designed to help retailers easily incorporate targeted advertising into their digital storefronts. Powered by Amazon Web Services (AWS), the service allows retailers to display ads on product, search and browse pages, while purchases are completed on their own websites. Currently in beta with partners like iHerb and Oriental Trading Company, the service will soon be available to a wider range of retailers. This move solidifies Amazon’s leadership in the retail media sector, offering a plug-and-play solution that leverages its advanced ad technology and infrastructure, while enabling retailers to generate additional revenue through shared ad sales. Walmart offers a similar advertising platform, Walmart Connect, which allows retailers to advertise on Walmart’s digital properties, such as its website and mobile app. Like Amazon’s Retail Ad Service, Walmart Connect provides various ad formats, including sponsored products, display ads and video ads, along with targeting options and performance tracking

PR Newswire
Apr 25th, 2024
Rebag Unveils First Of Its Kind Membership Program, Rebag+

Flexible credit contributions unlock preferred buyer & seller pricing, monthly bonuses & moreNEW YORK, April 25, 2024 /PRNewswire/ -- Rebag, the authority in buying, consigning, trading, and selling luxury accessories including handbags, fine jewelry, watches, and more, announces Rebag+, a groundbreaking membership program setting a new standard in luxury resale. Rebag+ offers an industry-first approach to resale, allowing customers to fund now, buy later, by converting 100% of membership contributions to R+ Credit usable for future purchases. Rebag also adds an unprecedented 2 percent monthly bonus to member contributions, generating up to 27% more in credit usable for future purchases.Rebag+ allows for unparalleled flexibility; members can skip their monthly contribution, cancel, or request a refund of their R+ Credit at any time, making Rebag+ a win-win for buyers and sellers.Rebag+ members enjoy more exclusive benefits including up to 10% lower prices on all items, access to weekly new arrivals and sales, free shipping and returns, and up to 5% increased seller offers.To join Rebag+, clients simply contribute a minimum of $50/month or $500/year, with every dollar fully converted to R+ Credit that can be used to buy something at Rebag. Whether the user chooses to contribute monthly or yearly, Rebag adds a 2% monthly R+ Bonus to member contributions, generating up to 27% more to spend at Rebag within 12 months.In addition to the immediate savings of up to 10% off all items, a Rebag+ membership is perfectly suited for customers with a future purchase in mind. For example, if the goal is to purchase a Louis Vuitton wallet, a member could contribute $50/month to achieve $684 in 12 months ($600 contributed by the member, plus $84 added by Rebag)."We are thrilled to introduce Rebag+ as a testament to our commitment to providing the ultimate luxury resale experience," said Rebag CEO and Founder Charles Gorra. "By allowing our customers to fund now, buy later, we continue to invest in customer relationships and set new standards in the industry."Rebag+ benefits include:Easily Save for a Future Purchase: all monthly, yearly, and additional contributions are usable as credit to make future purchases on Rebag.com or in storesall monthly, yearly, and additional contributions are usable as credit to make future purchases on Rebag.com or in stores 2% Monthly R+ Bonus: Active members receive a 2% monthly R+ Bonus, generating up to 27% in 12 months*Active members receive a 2% monthly R+ Bonus, generating up to 27% in 12 months* Flexible Membership: Members can skip a month, cancel or refund their R+ credit at any time**Members can skip a month, cancel or refund their R+ credit at any time** Preferred Pricing & Discounts: Get up to 10% lower prices on all items, plus a 10% Off Special Day Code to apply on top of already low prices once per year***Get up to 10% lower prices on all items, plus a 10% Off Special Day Code to apply on top of already low prices once per year*** Increased Seller Payouts: Sellers can earn up to 5% more when selling Rebag via Consign or BuyoutSellers can earn up to 5% more when selling Rebag via Consign or Buyout Free Shipping and ReturnsFor further information, please contact: Factory PR, [email protected], 212.941.9394About Rebag:Rebag is the authority on buying, consigning, trading, and selling luxury items, offering users unprecedented transparency and flexibility with their purchases

Startup Italia
Jan 22nd, 2024
Parla Fabrice Grinda, Numero Uno Al Mondo Tra I Business Angel. «Startup, Non Basta Chiedere Soldi»

Fabrice Grinda è tra i principali imprenditori ed investitori nel settore tech. Forbes l’ha inserito al numero uno della lista dei cinquanta più importanti business angel al mondo. Sicuramente una persona con il fiuto per il successo visto che è stato tra i primi investitori di Alibaba e Airbnb. Il suo percorso imprenditoriale inizia da lontano. Nasce in Francia ma si trasferisce negli Stati Uniti per studiare alla Princeton University dove, nel 1996, si laurea con il massimo dei voti in economia. La prima avventura imprenditoriale arriva due anni più tardi quando, a ventitre anni, fonda Aucland che diventerà uno dei più grandi siti di aste in Europa

PYMNTS
Jan 19th, 2024
Consumers Turn To Social Media Platforms For Secondhand Products As Resale Partnerships Surge

As the economy continues to grapple with rising prices and inflationary pressures, consumers are adjusting their purchasing habits to cope with the erosion of their purchasing power. In fact, a mere 18% of wage earners believe their incomes have matched inflation, prompting a shift toward conservative spending habits. In response, consumers are cutting back on nonessential purchases and opting for more budget-friendly retailers. This has driven a notable uptick in the popularity of secondhand alternatives as a cost-effective solution. According to findings detailed in “Persistent Inflation Rekindles Consumer’s Interest in Secondhand Markets,” the latest installment in the “Consumer Inflation Sentiment” series by PYMNTS Intelligence, more than 40% of consumers purchased a secondhand product in 2023

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