The company has acquired Refash, Singapore’s biggest thrift fashion platform, to make secondhand fashion more accessible
Looking to the future of sustainable fashion, Carousell Group has announced it acquisition of local fashion retailer Refash.
The latter is one of the largest thrift fashion platform in Singapore, boasting 10 physical stores across the island as well as an online store.
Founded in 2015 by Aloysius Sng, Refash built its business by selling secondhand fashion bought from sellers in Singapore. It offers pre-loved womenswear, menswear, activewear and more from fast fashion brands and local labels.
Refash’s success can be credited to the convenience that it provides to secondhand fashion sellers, who can simply drop off their unwanted clothes at Refash stores or arrange for a courier to pick them up. They are then paid accordingly for their items, depending on factors including its brand, condition and how trendy it is.
Read more: The Future Of Fashion: What Is Thrifting And Upcycling?
Refash’s partnership with Carousell aims to make selling old clothes much easier for the latter marketplace’s community of sellers, who cite a lack of time as the main reason for not decluttering their closets.
“We see immense opportunity in teaming up to make selling even simpler for anyone time-starved who has underused clothes in their wardrobes,” said Quek Siu Rui, co-founder and CEO of Carousell.
“With our reach and expertise in using technology and A.I. to create seamless buy-sell experiences for secondhand, we are excited to partner and accelerate the growth of Refash,” he continued. “Above all, we are most excited to serve the community by making secondhand fashion more fuss-free and accessible than ever before.”