Luxury Promise is a social commerce platform that facilitates the buying, selling, and swapping of pre-owned luxury goods through live shopping experiences. By creating a global community for luxury enthusiasts, it addresses the need for a secure and engaging marketplace for authentic designer items.
Funding
$18.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
The pre-owned luxury goods market lacks a unified platform that offers both secure transactions and engaging shopping experiences. Buyers face challenges in verifying authenticity and sellers struggle to reach a global audience.
Solution
Luxury Promise provides a social commerce platform specializing in pre-owned luxury handbags, accessories, clothing, footwear and jewelry. The platform offers a secure marketplace for buying, selling, and swapping authentic designer items through live shopping experiences. Luxury Promise blends entertainment and education, allowing users to ask questions during live shows and browse daily new arrivals. The company employs AI technology and expert authentication processes to ensure trust and transparency.
Target Audience
Luxury Promise targets fashion-conscious individuals seeking authenticated, pre-owned designer goods, as well as sellers looking for a global platform to showcase and sell their luxury items.
Features
- Daily live shopping shows streamed from London, New York, Dubai, and Singapore
- AI-powered authentication process to verify the authenticity of luxury items
- 14-day hassle-free return policy
- Secure payment processing
- Global shipping and logistics network
- Option for in-store pickup in London or Dubai
- 12-month limited warranty on stitching for bags