India: Apparel rental start-up Klozee shuts down

India: Apparel rental start-up Klozee shuts down

Online apparel rental start-up Klozee has shut shop within six months of raising its maiden round of funding, after it failed to gain scale, signalling a stress in the pre-owned apparel sale and rental segment, which has seen success stories such as Poshmark and Rent the Runway in the US and Secoo in China.

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