Beyond the Rack
Financials
Estimates*
USD | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|
Revenues | 10.5m | 10.5m | 9.7m | 9.7m | 9.7m | 9.7m |
% growth | - | - | (8 %) | - | - | - |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | $2.0m | Early VC | |
$12.0m | Series A | ||
N/A | $3.0m | Early VC | |
$36.6m | Series B | ||
$25.0m | Series C | ||
$10.0m | Debt | ||
Total Funding | CAD107m |
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Recent News about Beyond the Rack
EditBeyond the Rack is an online retailer specializing in flash sales of designer brands, offering significant discounts on fashion, accessories, and home goods. The company operates in the e-commerce market, targeting budget-conscious consumers who seek high-quality products at reduced prices. Beyond the Rack's business model revolves around limited-time sales events, where members can purchase items at a fraction of their original cost. Revenue is generated through direct sales of merchandise, leveraging the appeal of exclusive, time-sensitive deals to drive customer engagement and repeat purchases. The platform serves a diverse clientele, including fashion enthusiasts, bargain hunters, and home decor aficionados, providing a wide range of products from clothing and accessories to beauty products and home essentials. By partnering with various brands and suppliers, Beyond the Rack ensures a steady stream of new and exciting inventory, keeping the shopping experience fresh and enticing for its members. The company also emphasizes customer satisfaction, offering detailed product descriptions, competitive pricing, and responsive customer service to enhance the overall shopping experience.
Keywords: flash sales, designer brands, discounts, fashion, accessories, home goods, e-commerce, budget-conscious, limited-time sales, exclusive deals.