Pre-owned luxury e-tailer StylFlip raises seed round

HYDERABAD: Pre-owned fashion portal StylFlip has raised an undisclosed amount in seed round from real estate developers Raj Gala Shah and Zaheer Memon to develop and market its platform. The two-week old portal allows users to buy or sell pre-owned branded and premium goods at a marked down price.

The app based platform allows sellers to upload pictures of item to be sold which is then authenticated and sanitized by StylFlip before displaying them on the platform.

“The app is seller-centric, making it easy for women to turn into entrepreneurs using their unwanted buys into cash generators to fund their next purchase,” sas Zarik Nabi, co-founder of the platform who previously worked with Brandscope at BCCL, the parent company of Economic Times.

Since its launch, the app has seen 500 downloads and 300 product listings.