Fashion shopping with delivery and return on demand
Company is closed
Event Year: 2022
Company is closed
Event Year: 2022
Ole aimed to revolutionize the fashion retail experience by providing on-demand delivery and returns. Through their mobile application, customers could order clothing from local stores and try them on in the comfort of their homes while a driver waited. Customers would then purchase the items they wanted and immediately return the rest. While operational, Ole achieved a monthly gross merchandise volume (GMV) of $35,000, demonstrating a growth rate of 35% month-over-month. A key differentiator for Ole was its significantly higher average order value, which was reportedly seven times greater than that of typical on-demand businesses. This higher value allowed Ole to achieve positive unit economics.
Ole aimed to revolutionize the fashion retail experience by providing on-demand delivery and returns. Through their mobile application, customers could order clothing from local stores and try them on in the comfort of their homes while a driver waited. Customers would then purchase the items they wanted and immediately return the rest. While operational, Ole achieved a monthly gross merchandise volume (GMV) of $35,000, demonstrating a growth rate of 35% month-over-month. A key differentiator for Ole was its significantly higher average order value, which was reportedly seven times greater than that of typical on-demand businesses. This higher value allowed Ole to achieve positive unit economics.
Total Raised: Unknown (Y Combinator backed)
Last Round: Winter 2022
Total Raised: Unknown (Y Combinator backed)
Last Round: Winter 2022
Consumer
Consumer
Consumer
Consumer
Team size: 10
Hiring: No
Team size: 10
Hiring: No
