VentureBang was informed that recently, Hongbulin received a strategic investment of 100 million US dollars from Zhuanzhuan Group. It is reported that the C round of financing completed by Hongblin this time is the largest single financing in the circular fashion industry. Light Source Capital acted as the exclusive financial advisor for this round of financing.
Red Blind is the largest circular fashion and lifestyle platform in China. Relying on the supply chain + standardized service system, the Red Brin platform can easily realize the cycle of all categories and 2000+ fashion brands. In the circular fashion industry, its user scale and overall service capabilities have always maintained the first position in the industry.
Recently, Redblin has launched the carbon emission reduction accounting function in the terminal, and realizes the visualization of the user’s environmental protection contribution value by calculating the carbon reduction value generated by the transaction. This is the first platform on the cycle fashion track to launch the “carbon reduction function”. Red Brin has practiced the development concept of environmental protection and carbon reduction with practical actions.
Xu Wei, founder of Red Blind, said: Driven by the mission of accompanying users to grow and explore quality life freely, Red Blind will continue to evolve towards the most trusted circular fashion lifestyle brand.
Huang Wei, CEO of Zhuanzhuan Group, said: The second-hand resale market of women’s fashion and luxury goods is huge, and it is the largest category in the second-hand circulation market in many countries; in the past year, it has become a global consensus to make fashion more sustainable. Red Blind is the largest and independent recycling fashion brand. We cherish and appreciate the brand precipitation of Red Blind.
Lou Yang, executive director of Light Source Capital, said: “Behind this transaction is a reflection of the continuous capability upgrade of the Hongblin team over the years, which once again confirms the unique resilience and development potential of the second-hand recycling market.
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event tracking
- 2022-11-01 “Red Blind” completed the C round of financing of 100 million US dollars, and transferred to the group investment
- 2022-06-19 Zhuanzhuan 618 battle report: B2C sales exceeded 218 million, and the unit price increased by 20%
- 2022-05-29 Zhuanzhuan responded to the payment channel fee: it is actually charged by the payment company, and the platform C2C transaction is still exempt from the seller’s service fee
- 2021-11-12 Zhuanzhuan Group: Second-hand Double 11 Promotion B2C Business Payment Transactions Over 171,000 Orders
- 2021-07-05Zuanzhuan plans to raise $400 million before IPO
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