The Luxury Closet
PrivateLast Round
Series D
Jun 16, 2021
Total Funding Raised
$46.6M
Company Overview
The Luxury Closet is an online marketplace headquartered in Dubai that specializes in the buying, selling, and consigning of pre-owned authentic luxury goods. Founded in 2012 by Kunal Kapoor, the platform offers a wide range of products including designer handbags, shoes, watches, and jewelry from high-end brands like Louis Vuitton, Chanel, and Rolex at discounted prices. The company promotes circular fashion and sustainability by extending the lifecycle of luxury items. It has a global presence, serving customers in over 80 countries and operates with a team of over 170 employees. The Luxury Closet is a venture-backed company that has gone through multiple funding rounds and acquired Hong Kong-based competitor Guiltless in 2019.
Sector
Consumer & Commerce
Verticals
E-commerce, Circular Economy, Fashion & Beauty, Mobile Commerce
Business Model
B2C
Customer Profile
Marketplace Commission
AI Layer
Non-AI
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
The Luxury Closet Comps
Public and private peers based on sector, stage, and business model.
The Luxury Closet Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series D | Jun 16, 2021 | ||||
| Series C | Sep 1, 2020 | ||||
| Series C | May 19, 2019 | ||||
| Series B | Sep 26, 2016 | ||||
| Series A | Apr 1, 2015 | ||||
Seed | Oct 24, 2012 |
The Luxury Closet Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Nazer Group | Series D |
| EQ2 Ventures | Series B, Series C |
| Dtec | Series B |
| Knuru Capital | Series D |
| Wamda Capital | Series C, Series B |
| Accelerator Technology Holdings | Series B |
| Global Markets Partners | Series D |
Market signals
Structured signals derived from secondary market and firmographic data.
- Jan 1, 2026
Ranked among Top 100 startups in the Arab World by World Economic Forum.
- Jan 1, 2026
Sales are growing nearly 100% year-over-year.
The Luxury Closet Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about The Luxury Closet's valuation, stock price, and market status.
