Friday, March 22, 2019

Rent the Runway earns unicorn status with new valuation

Chain Store Age
Fashion rental giant Rent the Runway is now valued at $1 billion, thanks to a new financing round.

According to Rent the Runway, the new capital will enable the company to accelerate its operations in a number of areas. These include scaling of its subscription business, which grew 160% year-over-year in 2018, and a broadening of its assortment and category offerings.. . . more