Novelship

About Novelship

Novelship is a fashion marketplace that utilizes a robust authentication process to ensure the sale of genuine sneakers, apparel, and collectibles. The platform addresses the issue of counterfeit products in the fashion industry by providing a secure environment for buyers and sellers to transact with confidence.

```xml <problem> The resale market for sneakers, apparel, and collectibles is plagued by the risk of counterfeit products, making it difficult for buyers to trust the authenticity of their purchases. This lack of trust can deter consumers and hinder the growth of the market. </problem> <solution> Novelship is a marketplace that provides a secure platform for buying and selling authentic sneakers, apparel, and collectibles. The platform employs a rigorous authentication process, conducted by trained experts, to verify the genuineness of every product before it reaches the buyer. This multi-step verification procedure involves unboxing, photo-taking, and thorough inspection to identify counterfeit or substandard items. By creating a database of authentication data and continuously updating it, Novelship ensures that its team remains informed about the latest trends in counterfeiting, thereby maintaining a high standard of authenticity. </solution> <features> - Multi-step authentication process conducted by trained experts - Detailed inspection of products to verify authenticity and condition - Rejection of counterfeit and substandard items - Creation and maintenance of a database of authentication data - Wide selection of sneakers, apparel, and collectibles from various brands - Platform for buying and selling new and authenticated products - Mobile app for convenient browsing and purchasing - Transparent process where sellers ship to Novelship for authentication before the buyer receives the product </features> <target_audience> The primary target audience includes fashion-conscious individuals, sneaker enthusiasts, and collectors who seek a secure and reliable platform to buy and sell authentic sneakers, apparel, and collectibles. </target_audience> ```

What does Novelship do?

Novelship is a fashion marketplace that utilizes a robust authentication process to ensure the sale of genuine sneakers, apparel, and collectibles. The platform addresses the issue of counterfeit products in the fashion industry by providing a secure environment for buyers and sellers to transact with confidence.

Where is Novelship located?

Novelship is based in Singapore, Singapore.

When was Novelship founded?

Novelship was founded in 2018.

How much funding has Novelship raised?

Novelship has raised 21860000.

Location
Singapore, Singapore
Founded
2018
Funding
21860000
Employees
47 employees
Major Investors
East Ventures

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Novelship

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Executive Summary

Novelship is a fashion marketplace that utilizes a robust authentication process to ensure the sale of genuine sneakers, apparel, and collectibles. The platform addresses the issue of counterfeit products in the fashion industry by providing a secure environment for buyers and sellers to transact with confidence.

novelship.com10K+
cb
Crunchbase
Founded 2018Singapore, Singapore

Funding

$

Estimated Funding

$20M+

Major Investors

East Ventures

Team (40+)

No team information available.

Company Description

Problem

The resale market for sneakers, apparel, and collectibles is plagued by the risk of counterfeit products, making it difficult for buyers to trust the authenticity of their purchases. This lack of trust can deter consumers and hinder the growth of the market.

Solution

Novelship is a marketplace that provides a secure platform for buying and selling authentic sneakers, apparel, and collectibles. The platform employs a rigorous authentication process, conducted by trained experts, to verify the genuineness of every product before it reaches the buyer. This multi-step verification procedure involves unboxing, photo-taking, and thorough inspection to identify counterfeit or substandard items. By creating a database of authentication data and continuously updating it, Novelship ensures that its team remains informed about the latest trends in counterfeiting, thereby maintaining a high standard of authenticity.

Features

Multi-step authentication process conducted by trained experts

Detailed inspection of products to verify authenticity and condition

Rejection of counterfeit and substandard items

Creation and maintenance of a database of authentication data

Wide selection of sneakers, apparel, and collectibles from various brands

Platform for buying and selling new and authenticated products

Mobile app for convenient browsing and purchasing

Transparent process where sellers ship to Novelship for authentication before the buyer receives the product

Target Audience

The primary target audience includes fashion-conscious individuals, sneaker enthusiasts, and collectors who seek a secure and reliable platform to buy and sell authentic sneakers, apparel, and collectibles.

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