The saying goes that “one man’s trash is another man’s treasure”. New Singapore startup Fashfix now wants to apply that concept to women’s fashion.
Launched in October, Fashfix is a web platform that lets women buy, sell, swap, and resell their fashion items. For example, if a user wants to sell a $200 cocktail dress she may never wear again, she can list the item on the website and wait for someone to buy it. Read more
Updated: 18th April 2012
If you don’t know Rocket Internet, you should. This German startup incubator, founded by the famous Samwer Brothers, has a knack for copying business models from Silicon Valley and replicating them successfully elsewhere.
Now, they are conquering Southeast Asia.
SGE got wind from Raphael Strauch, managing director of Rocket Internet, that they have started Zalora.com, a Zappos clone, in Malaysia and Singapore. Zalora is an online fashion retailer that stocks clothing and accesories from indie brands around the region.
Featured brands include TAS Iman by Tom Abang Saufi, a well-known Malaysian fashion designer, Ladakh, an Australian label, and SABRINAGOH.
Besides an online fashion business spanning the region, a check with various online recruitment sites has revealed that Rocket Internet is also embarking on an online food delivery venture and a furniture business called Home24.sg. Raphael declined to reveal more details at the point of time.
What we do know is that the company has embarked on a massive recruitment drive in Singapore, Thailand, the Philippines, Malaysia, and Indonesia, with the aim of taking Southeast Asia’s online retail market by storm, as their job ads put it.
Based on what we’ve seen, the company is in the midst of creating multiple localized e-commerce websites utilizing a common logistical and operational backbone, each focusing on different verticals. Read more