Thrift+ is a managed marketplace for pre-loved fashion. We’ve cracked resale, now we’re ready to scale.
Business overview
Location | Market Harborough, United Kingdom |
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Social media | |
Website | thrift.plus |
Sectors | Clothing & Accessories Mixed Digital/Non-Digital Mixed B2B/B2C |
Company number | 10630791 |
Incorporation date | 21 Feb 2017 |
Business highlights
- 1 million items sold, worth £12 million
- Nearly £3.0m annual revenue in 2023 (+36% vs 2022)*
- 44,000 items listed in March 2024 (+67% vs 2023)
- B Corp Certified
Key features
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Pitch
About the Campaign
Thrift+ is on a mission to end fashion waste by making it easier to resell than to discard.
Our wardrobe clearout service means zero hassle for our sellers, who don’t have time or energy to use eBay or Vinted. Instead, our expert team uses bespoke technology to rapidly photograph, price, and list online.
We also power the fashion take-back services for leading brands and retailers, including Gymshark, Fatface, White Stuff, The White Company, Monsoon and LK Bennett.
Business Model
Thrift+ earns revenue by charging a commission on sales. The commission is dependent on the sale value, but on average we charge 80%.
The average selling price of an item is £10, meaning a typical payout of £2 per item for sellers. Sellers typically include 8+ items in each Thrift+ Bag.
Thrift+ also has a B2B revenue stream, receiving stock in bulk from retailers, brands, charities, or textile handlers. Due to lower costs, we are able to charge a small fixed processing fee + 35% commission.
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