Bombay Closet Cleanse Shark Tank India Season 3
Bombay Closet Cleanse
A women-owned resale and consignment shop whose goal is to normalize cyclical fashion. We sort through hundreds of articles of clothing that we receive from our global network of resellers and donors to design exquisite, heartfelt collections that delight enthusiasts of secondhand and antique apparel.
Founder of Bombay Closet Cleanse
Mumbai Closet Purge Established by sisters Sana and Alfiya Khan.
Bombay Closet Cleanse Funding Round
Company Name | Bombay Closet Cleanse |
Shark Tank India Season | 3 |
Episode No | 49 |
Season No | 3 |
Brand | Bombay Closet Cleanse |
Idea | Thrift Platform |
Original Ask | 1 Crore for 2.5% Equity |
Deal | No Deal |
Invested By: | ——– |
Bombay Closet Cleanse's idea centered around creating an online platform where individuals could buy and sell gently used fashion items, including clothing, accessories, and footwear. By providing a convenient and eco-friendly alternative to traditional retail, Bombay Closet Cleanse aimed to extend the lifecycle of fashion products, reduce the environmental impact of fast fashion, and promote conscious consumerism. Their goal was to build a community of fashion enthusiasts who valued sustainability and style.
The Pitch:
With an original ask of ₹1 Crore for 2.5% equity, Bombay Closet Cleanse showcased their user-friendly platform and highlighted the social and environmental benefits of thrift shopping. They emphasized the growing demand for sustainable fashion options and outlined their plans for marketing, logistics, and expansion. The founders' passion for sustainability and their commitment to making a positive impact on the fashion industry resonated with the sharks, who recognized the potential of their business model to drive change.
The Deal:
Despite the compelling pitch, Bombay Closet Cleanse left the tank without a deal. While the sharks appreciated the mission and vision of the company, they expressed concerns about market competition and scalability. Without a clear differentiation strategy and a solid plan for growth, the sharks hesitated to invest in Bombay Closet Cleanse at the proposed valuation.
Conclusion:
Although Bombay Closet Cleanse did not secure an investment in Season 3, Episode 49 of Shark Tank India, their presence on the show highlighted the importance of fashion sustainability and the role of thrift platforms in driving change. By promoting circular fashion and conscious consumerism, Bombay Closet Cleanse has already made strides towards a more sustainable and ethical fashion industry. As they continue to refine their platform and expand their reach, Bombay Closet Cleanse remains committed to redefining fashion consumption and inspiring others to join the movement towards a greener future.