Thursday, July 3, 2025
24*7 News World
  • Home
  • World

    European Leaders Join Forces to Drive Growth and Innovation  

    Boeing Names Stephen Parker as CEO of Defense, Space & Security

    Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman Highlights Key Policy Measures to Promote Export-led Growth at Exim Bank’s Trade Conclave

    Tobacco control efforts protect 6.1 billion people – WHO’s new report

    MB Patil Showcases Karnataka’s Investment Potential During Denmark Roadshow

    Roche’s Lunsumio and Polivy combination significantly prolongs remission for people with relapsed or refractory large B-cell lymphoma

  • National
    • All
    • Economy & Politics
    • Election

    Shikshagraha Awards 2026: Call for Nominations to Honour Education Leaders

    Binod Kumar, MD & CEO, Indian Bank

    Indian Bank waives off Minimum Balance Charges on Savings Accounts; Reduces MCLR to 9.00%

    Fashion Meets Hip-Hop: The Indian Garage Co Drops ‘Yeno’ with Gubbi, Arcado & Awedeo — A High-Energy Musical Tribute to Namma Bengaluru

    Radico Khaitan Unveils ‘Celebrate India’ Zone at Ospree- Mumbai Airport Duty Free

    Indian Luxury in Full Bloom: Radico Khaitan Unveils ‘Celebrate India’ Zone at Ospree- Mumbai Airport Duty Free

    Morpheus Super Premium Whisky: Radico Khaitan Ltd. Expands the portfolio, initiates launch in Uttar Pradesh

    RailOne App launched : One-stop solution for all passenger services

  • Business

    Pushpa Jewellers Limited IPO Opens on June 30, 2025

    HOAC Foods India Limited’s QIP open on June 30, 2025

    Vandan Foods Limited IPO Opens on June 30, 2025

  • Health
    Sagar Daryani, Co-founder and CEO of Wow! Momo Foods Pvt. Ltd & Chef Ran...

    Wow! Momo Launches India’s First Gluten-Free Range of Momos – A Game-Changer for Health Conscious Foodies

    Apollo Cancer Centres Launches ‘CanWin’.

    Protect and Perfect: How Face Yoga and Sunscreen Can Transform Your Skin

    Panasonic-partners-with-MeitY-Nasscom-Centre

    Panasonic partners with MeitY Nasscom Centre of Excellence (CoE) to accelerate innovation in Smart Residential Living

    Herbalife Logo

    Herbalife’s Aloin Identification Method for Aloe Vera Officially Recognized by AOAC INTERNATIONAL

    “Indian patients no longer need to look abroad for advanced treatment,” said Dr. Sharat Damodar, Senior Consultant, Haematologist and Head of Adult BMT at Narayana Health City, Bengaluru and Chairman of the Oncology Collegium at Narayana Health.

  • Technology
    • All
    • Environment
    • Science

    MiQ Sigma: Built at MiQ’s Bengaluru Centre of Excellence (CoE), the Industry’s First AI Platform That Unifies the Programmatic Ecosystem

    TECNO Gears up to Launch POVA 7 Series with Bold New Delta Interface on July 4, Exclusively on Flipkart

    Jockey Woman continues to shape India’s intimate wear landscape with strategic expansion

    AMD Unveils Vision for an Open AI Ecosystem, Detailing New Silicon, Software and Systems at Advancing AI 2025

    U.S. Insurers to More than Double AI Investment in the Next 3-5 Years: Wipro Report

    Union Minister for Agriculture and Farmers Welfare Shivraj Singh Chouhan to visit Hyderabad on Monday

  • Auto

    Volvo Cars reports June sales

    Odysse Electric Clocks 344 Units Sold in June, Records 54% Monthly Growth

    DGCA carries out comprehensive surveillance at major airports, including Delhi and Mumbai

    India Opens Doors to Global EV Giants with Portal Launch under SPMEPCI

  • Sports

    Picklebay India Tour Heats Up in Bengaluru: Nail-Biting Finishes, Packed Arenas, and Rising Stars

    Esports World Cup Foundation and Lenovo™ Partner to Power the Next Generation of Esports Champions

    Jockey Woman continues to shape India’s intimate wear landscape with strategic expansion

    BCCI mourns the passing of Dilip Doshi

  • Entertainment
    Vogue Wedding Atelier presented by HSBC India at Taj Palace, New Delhi, from 8-10 August 2025

    A New Era in Luxury Weddings – Vogue Wedding Atelier Debuts in India

    GenS Life and Dowith Lit Present ‘Senior Spotlight’: Bengaluru’s Open Mic Celebration for the 55+

    PMJ Jewels Launches PMJ SuperStar Bracelet and ‘Celebrating Daughters’ Campaign

    ‘Waves’ an OTT platform that offers clean family-friendly content: Sunil Bhatiya, Deputy Director General, Doordarshan Kendra, Panaji

    Sri Sai Gold Palace’s 7th store inaugurated in Malleshwaram,Bengaluru.

    Lulu Mall Hosts Bangalore’s Biggest Non-Alcoholic Holi Celebration

  • Lifestyle
    • All
    • Food
    • Travel

    Fashion Meets Hip-Hop: The Indian Garage Co Drops ‘Yeno’ with Gubbi, Arcado & Awedeo — A High-Energy Musical Tribute to Namma Bengaluru

    Radico Khaitan Unveils ‘Celebrate India’ Zone at Ospree- Mumbai Airport Duty Free

    Indian Luxury in Full Bloom: Radico Khaitan Unveils ‘Celebrate India’ Zone at Ospree- Mumbai Airport Duty Free

    Morpheus Super Premium Whisky: Radico Khaitan Ltd. Expands the portfolio, initiates launch in Uttar Pradesh

    RailOne App launched : One-stop solution for all passenger services

    Myntra’s Ultimate Glam Clan crosses 1 Million shopper-creator registrations, Clocking 4.5 Billion Post Views

    Sagar Daryani, Co-founder and CEO of Wow! Momo Foods Pvt. Ltd & Chef Ran...

    Wow! Momo Launches India’s First Gluten-Free Range of Momos – A Game-Changer for Health Conscious Foodies

No Result
View All Result
24*7 News World
  • Home
  • World

    European Leaders Join Forces to Drive Growth and Innovation  

    Boeing Names Stephen Parker as CEO of Defense, Space & Security

    Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman Highlights Key Policy Measures to Promote Export-led Growth at Exim Bank’s Trade Conclave

    Tobacco control efforts protect 6.1 billion people – WHO’s new report

    MB Patil Showcases Karnataka’s Investment Potential During Denmark Roadshow

    Roche’s Lunsumio and Polivy combination significantly prolongs remission for people with relapsed or refractory large B-cell lymphoma

  • National
    • All
    • Economy & Politics
    • Election

    Shikshagraha Awards 2026: Call for Nominations to Honour Education Leaders

    Binod Kumar, MD & CEO, Indian Bank

    Indian Bank waives off Minimum Balance Charges on Savings Accounts; Reduces MCLR to 9.00%

    Fashion Meets Hip-Hop: The Indian Garage Co Drops ‘Yeno’ with Gubbi, Arcado & Awedeo — A High-Energy Musical Tribute to Namma Bengaluru

    Radico Khaitan Unveils ‘Celebrate India’ Zone at Ospree- Mumbai Airport Duty Free

    Indian Luxury in Full Bloom: Radico Khaitan Unveils ‘Celebrate India’ Zone at Ospree- Mumbai Airport Duty Free

    Morpheus Super Premium Whisky: Radico Khaitan Ltd. Expands the portfolio, initiates launch in Uttar Pradesh

    RailOne App launched : One-stop solution for all passenger services

  • Business

    Pushpa Jewellers Limited IPO Opens on June 30, 2025

    HOAC Foods India Limited’s QIP open on June 30, 2025

    Vandan Foods Limited IPO Opens on June 30, 2025

  • Health
    Sagar Daryani, Co-founder and CEO of Wow! Momo Foods Pvt. Ltd & Chef Ran...

    Wow! Momo Launches India’s First Gluten-Free Range of Momos – A Game-Changer for Health Conscious Foodies

    Apollo Cancer Centres Launches ‘CanWin’.

    Protect and Perfect: How Face Yoga and Sunscreen Can Transform Your Skin

    Panasonic-partners-with-MeitY-Nasscom-Centre

    Panasonic partners with MeitY Nasscom Centre of Excellence (CoE) to accelerate innovation in Smart Residential Living

    Herbalife Logo

    Herbalife’s Aloin Identification Method for Aloe Vera Officially Recognized by AOAC INTERNATIONAL

    “Indian patients no longer need to look abroad for advanced treatment,” said Dr. Sharat Damodar, Senior Consultant, Haematologist and Head of Adult BMT at Narayana Health City, Bengaluru and Chairman of the Oncology Collegium at Narayana Health.

  • Technology
    • All
    • Environment
    • Science

    MiQ Sigma: Built at MiQ’s Bengaluru Centre of Excellence (CoE), the Industry’s First AI Platform That Unifies the Programmatic Ecosystem

    TECNO Gears up to Launch POVA 7 Series with Bold New Delta Interface on July 4, Exclusively on Flipkart

    Jockey Woman continues to shape India’s intimate wear landscape with strategic expansion

    AMD Unveils Vision for an Open AI Ecosystem, Detailing New Silicon, Software and Systems at Advancing AI 2025

    U.S. Insurers to More than Double AI Investment in the Next 3-5 Years: Wipro Report

    Union Minister for Agriculture and Farmers Welfare Shivraj Singh Chouhan to visit Hyderabad on Monday

  • Auto

    Volvo Cars reports June sales

    Odysse Electric Clocks 344 Units Sold in June, Records 54% Monthly Growth

    DGCA carries out comprehensive surveillance at major airports, including Delhi and Mumbai

    India Opens Doors to Global EV Giants with Portal Launch under SPMEPCI

  • Sports

    Picklebay India Tour Heats Up in Bengaluru: Nail-Biting Finishes, Packed Arenas, and Rising Stars

    Esports World Cup Foundation and Lenovo™ Partner to Power the Next Generation of Esports Champions

    Jockey Woman continues to shape India’s intimate wear landscape with strategic expansion

    BCCI mourns the passing of Dilip Doshi

  • Entertainment
    Vogue Wedding Atelier presented by HSBC India at Taj Palace, New Delhi, from 8-10 August 2025

    A New Era in Luxury Weddings – Vogue Wedding Atelier Debuts in India

    GenS Life and Dowith Lit Present ‘Senior Spotlight’: Bengaluru’s Open Mic Celebration for the 55+

    PMJ Jewels Launches PMJ SuperStar Bracelet and ‘Celebrating Daughters’ Campaign

    ‘Waves’ an OTT platform that offers clean family-friendly content: Sunil Bhatiya, Deputy Director General, Doordarshan Kendra, Panaji

    Sri Sai Gold Palace’s 7th store inaugurated in Malleshwaram,Bengaluru.

    Lulu Mall Hosts Bangalore’s Biggest Non-Alcoholic Holi Celebration

  • Lifestyle
    • All
    • Food
    • Travel

    Fashion Meets Hip-Hop: The Indian Garage Co Drops ‘Yeno’ with Gubbi, Arcado & Awedeo — A High-Energy Musical Tribute to Namma Bengaluru

    Radico Khaitan Unveils ‘Celebrate India’ Zone at Ospree- Mumbai Airport Duty Free

    Indian Luxury in Full Bloom: Radico Khaitan Unveils ‘Celebrate India’ Zone at Ospree- Mumbai Airport Duty Free

    Morpheus Super Premium Whisky: Radico Khaitan Ltd. Expands the portfolio, initiates launch in Uttar Pradesh

    RailOne App launched : One-stop solution for all passenger services

    Myntra’s Ultimate Glam Clan crosses 1 Million shopper-creator registrations, Clocking 4.5 Billion Post Views

    Sagar Daryani, Co-founder and CEO of Wow! Momo Foods Pvt. Ltd & Chef Ran...

    Wow! Momo Launches India’s First Gluten-Free Range of Momos – A Game-Changer for Health Conscious Foodies

No Result
View All Result
24*7 News World
No Result
View All Result
Home Lifestyle

Rent the Runway Announces $125M Investment in Largest Round To Date Investors include Franklin Templeton, Bain Capital Ventures & T. Rowe Price

FWM by FWM
March 22, 2019
in Lifestyle
0
ennifer Hyman, Rent the Runway Co-Founder and CEO (Photo: Business Wire)

ennifer Hyman, Rent the Runway Co-Founder and CEO (Photo: Business Wire)

March 21, 2019 03:00 PM Eastern Daylight Time

NEW YORK–(BUSINESS WIRE)–Rent the Runway, Inc., the company that created dynamic ownership and clothing rental as an essential utility in women’s lives with the world’s first living closet, announced today a $125 million investment co-led by Franklin Templeton Investments and Bain Capital Ventures. In addition, funds and accounts advised by T. Rowe Price Associates, Inc. and Hamilton Lane Advisors, on behalf of New York State Common Retirement Fund, participated as new investors. All existing lead investors have re-invested in this round, reinforcing their belief in the success and continued growth potential of the business. J.P. Morgan acted as the sole placement agent on the deal.

“Rent the Runway has consistently demonstrated an ability to innovate and improve its customer experience and technology. We believe RTR is at the leading edge of driving change in the fashion industry as consumers shift to wanting access, not necessarily ownership, even in apparel”

Tweet this

This funding round values the company at $1 billion.

This financing is the largest funding round Rent the Runway has raised to date, and will bring total equity raised to approximately $337 million since inception, positioning the female-founded and female-led company to rapidly scale its disruptive and growing subscription business and proprietary reverse logistics technology.

“Shared, dynamic ownership is a movement that Rent the Runway has pioneered over the last decade and we’re excited to continue to lead the market and innovate our subscription service,” said Jennifer Hyman, Co-Founder and CEO of Rent the Runway.

ADVERTISEMENT

The capital will enable Rent the Runway to dramatically accelerate its unique subscription service and continue to innovate its proprietary technology and infrastructure. Key areas of investment focus include:

  • Subscription Growth: Rapidly scale Rent the Runway’s subscription business, which grew 160% YoY, and capitalize on a significant market opportunity worth an estimated $2.4 trillion, most of which goes underutilized as 80% of American women’s closets are not worn regularly. Additionally, RTR has seen huge adoption of its Unlimited service by a growing number of working women, addressing the needs of the 76 million professional women in America. Women make 85% of all consumer purchasing decisions and account for $7 trillion in consumer spending.
  • Assortment Expansion: Broaden assortment and category offerings to serve all parts of customers’ lives including the closet, home and beyond.
  • Infrastructure: Expand RTR’s proprietary reverse logistics operations and technology, with an immediate focus on Rent the Runway’s anticipated second fulfillment facility opening in Texas this spring.

In tandem with the investment, Sara Araghi, Research Analyst and Portfolio Manager at Franklin Templeton, has been appointed to Rent the Runway’s Board of Directors, making her the fifth woman on the Board.

“The apparel and accessories market is one of the largest consumer markets, and Rent the Runway is a truly disruptive force that will continue to create massive opportunities for consumers to live a more sustainable and cost-effective life,” said Sara Araghi.

“Rent the Runway has consistently demonstrated an ability to innovate and improve its customer experience and technology. We believe RTR is at the leading edge of driving change in the fashion industry as consumers shift to wanting access, not necessarily ownership, even in apparel,” said Ashley Woodruff, Equity Research Analyst at T. Rowe Price Associates, Inc.

Rent the Runway answers the modern woman’s desire for constant newness by offering a rotating wardrobe that is also a smart, sustainable choice. Recognized by CNBC as the 9th most disruptive company in the world and as one of Fast Company’s Most Innovative Companies, Rent the Runway is changing the way women get dressed every day.

Tags: IncRent the Runway
FWM

FWM

Related Posts

Lifestyle

Fashion Meets Hip-Hop: The Indian Garage Co Drops ‘Yeno’ with Gubbi, Arcado & Awedeo — A High-Energy Musical Tribute to Namma Bengaluru

by FWM
July 2, 2025
Radico Khaitan Unveils ‘Celebrate India’ Zone at Ospree- Mumbai Airport Duty Free
Lifestyle

Indian Luxury in Full Bloom: Radico Khaitan Unveils ‘Celebrate India’ Zone at Ospree- Mumbai Airport Duty Free

by FWM
July 1, 2025
Food

Morpheus Super Premium Whisky: Radico Khaitan Ltd. Expands the portfolio, initiates launch in Uttar Pradesh

by FWM
July 1, 2025
National

RailOne App launched : One-stop solution for all passenger services

by FWM
July 1, 2025
Lifestyle

Myntra’s Ultimate Glam Clan crosses 1 Million shopper-creator registrations, Clocking 4.5 Billion Post Views

by FWM
July 1, 2025

Stay Connected

Shikshagraha Awards 2026: Call for Nominations to Honour Education Leaders

July 3, 2025

Pushpa Jewellers Limited IPO Opens on June 30, 2025

July 3, 2025

HOAC Foods India Limited’s QIP open on June 30, 2025

July 3, 2025

Recent News

Shikshagraha Awards 2026: Call for Nominations to Honour Education Leaders

July 3, 2025

Pushpa Jewellers Limited IPO Opens on June 30, 2025

July 3, 2025

HOAC Foods India Limited’s QIP open on June 30, 2025

July 3, 2025

Vandan Foods Limited IPO Opens on June 30, 2025

July 2, 2025
ADVERTISEMENT

© 2018 | Fortune World Media | MEDIA & ENTERTAINMENT CO. IN | Powered by Raja's Digital

error: Content is protected !!
No Result
View All Result
  • Home
  • World
  • National
  • Business
  • Economy & Politics
  • Election
  • Health
  • Technology
  • Auto
  • Sports
  • Entertainment
  • Lifestyle

© 2018 | Fortune World Media | MEDIA & ENTERTAINMENT CO. IN | Powered by Raja's Digital

Go to mobile version