Company Name : Stage 3.co
Funding Amount : Undisclosed
Investor(s) Nisha Kumar Puneet Dalmia. Balaji Prabhakar.
Funding Round : Not Disclosed
Stage 3.co an omni-channel fashion styling and rental platform, has announced that it has raised funding from a group of investors including Nisha Kumar, the ex-CFO of Rent the Runway and AOL Inc; Puneet Dalmia of the Dalmia Bharat Group (in his personal capacity); and Balaji Prabhakar, Professor of Computer Science at Stanford University and Chief Scientist at Urban Engines.
The company has sold 16% of its stake to the investors. Stage 3.co is led by Sabena Puri, Rina Dhaka, Sanchit Baweja.
Co-founder & CEO, Sabena Puri said, “Stage 3 makes the glamour and style of superstars and celebrities accessible to modern Indian women. Our members can play dress up with curated, authentic outfits from top designers that have been paired with accessories by our in-house styling team. Our mission is to make higher end outfits accessible to our members and leverage technology to help them choose what would look best on them for different occasions on their social calendar.”
Sanchit Baweja, co-founder, said, “One of the most crucial aspects of our business is to create a feel of luxury for our customers with user experience and customer service being the focus. Our target customer is the millennial who is migrating from ownership towards sharing and renting. Fashion is a space lacking disruption and we are looking to redefine your wardrobe.”