Everything you want to know about Funding of Grailed

Grailed is a newly launched New York based e-commerce company which sells various branded second-hand fashion products at a very convenient price. The company was founded by Arun Gupta, Julian Connor and Jacob Metzger in 2013. The site also provides the option to sell a second-hand product. Most of the products sold here are very fashionable and is unique than other sites and also extremely rare. Due to this fact, many customers are becoming more interested and visit the site and also buy products from here. In a very short time, the company has able to register around 700.000 users.

A new piece of branded product costs a lot of money which a regular customer is unable to afford. But at Grailed, the story is a bit different. The company collects all the best quality of branded second-hand apparels form the customers and then they present it on their official site or app for selling. The sellers all get a very reasonable amount for their sold apparels. The site offers many world-famous fashion brands like Supreme, Saint Laurent, Raf Simons, Rick Owens, Jordan Brand, Yeezy, Gucci, Balenciaga etc.

As for now, Grailed is a privately owned company and its main mode of operation is over the internet. The company has a very secure mode of transaction and maintains the customer identity and transaction confidential. The company offers trouble transaction to the customers. The main payment method is via PayPal. The company’s last deal amount was $15 million and it was a Series-A type deal. Currently, three companies have invested in this company. Index Ventures (UK), Simon Ventures and Thrive Capital are these three companies. After assessing the previous data, it has been found that the funding has increased a lot since its founding years. Till now Grailed has appeared in 2 rounds of funding. While the initial funding raised around $1.6 million the current funding managed to raise much more. Totaling these two funding, the current funding amount is approximately $16.6 million. Depending on this status it can be easily said that the company will gain a lot of funding in the future and will be able to become a very successful company.

This all information above is of the funding availed by Grailed. For any type of further queries related to their offers and services, customers can contact their customer support executives at Grailed customer support helpline number. Queries such as how to order from Grailed, how to track order, how to cancel an order, how to register an account on Grailed, are entertained by their customer support executives only. Further queries related to investor relations, careers, jobs, vacancies, sales or after-sales support, get in contact with their officials at Grailed head office address. Grailed is currently dealing in men’s fashion only. Some of the best-selling products of Grailed are tops, bottom wear, sneakers, footwear, tailoring, sportswear, etc. Users can easily track all the orders through their official website or by calling their customer support department. For further details related to their policies, visit the official website of Grailed.

Article Written By Mr. Jawahar Choubey, working since last 8 year with depth knowledge and experience.