[Funding alert] Fashion rental startup Stage3 raises $2M in pre-Series A funding led by Blume Ventures
Summary
Fashion rental and styling platform Stage3 on Wednesday said that it had raised $ 2 million as a part of its pre-Series A funding round led by Blume Ventures. According to the startup, the current funds will be utilised to amplify the brand experience, boost its offline footprint, and augment its data capabilities. Founded in 2016 by Sabena Puri, Sanchit Baweja, and Rina Dhaka, the Delhi-based startup focuses on providing today’s fashion-forward millennials affordable access to on-trend, glamorous fashion through rental sand sales. First, by making expensive designer wear available to them at a fraction of the MRP through a rental business model. All of the platform’s offerings are complemented by the company’s in-house stylists, who provide fashion and styling advice to users for free.