Company:Grana (fashion company)

From HandWiki
Grana
TypeeCommerce
IndustryFashion Retail
Founded1 October 2014; 9 years ago (2014-10-01)
HeadquartersHong Kong
Area served
Worldwide [1]
Key people
Luke Grana (Founder & CEO)
ProductsWomen's and Men's clothing
Websitewww.grana.com

Grana is an online fashion company based in Hong Kong.[2][3] In addition to operating online, Grana has an offline showroom called “The Fitting Room”[4] in Hong Kong, where people can try on the products and order online.[3] Grana was co-founded by Luke Grana and Pieter-Paul Wittgen and officially launched in October 2014.[5] Grana opened their first brick-and-mortar store in Hong Kong in September 2015.[3]

Products

The company sources its products directly from fabric mills, which reduces markup pricing.[6]

History

Grana raised the initial seed round of US $1 million from Bluebell group and angel investors in October 2014[7], and in July 2015, closed another seed funding round of US $1.5 million involving investors from Singaporean VC Golden Gate Ventures.[3] Grana recently announced their Series A funding round of US $10 million led by Alibaba Group under The Hong Kong Entrepreneurs Fund, with participation from existing investors.[8]

References

  1. "Select your shipping location" (in en-US). https://www.grana.com/choose-your-country/. 
  2. Soo, Zen (September 17, 2015). "As more online shoppers complain of clothes that don’t fit, Hong Kong's Grana tests hybrid try-before-you-buy approach at first store". http://www.scmp.com/tech/e-commerce/article/1858668/more-online-shoppers-complain-clothes-dont-fit-hong-kongs-grana. Retrieved January 4, 2016. 
  3. 3.0 3.1 3.2 3.3 "Fashion basics e-commerce start-up Grana raises $5 million" (in en-US). http://www.afr.com/technology/fashion-basics-startup-grana-raises-5-million-20151026-gkj8ay. Retrieved 2015-12-02. 
  4. "The Hong Kong Clothing Retailer Revolutionizing Shopping". https://www.bloomberg.com/news/videos/2015-09-02/the-hong-kong-clothing-retailer-revolutionizing-shopping. Retrieved 2015-12-02. 
  5. Shu, Catherine. "GRANA, Which Makes Affordable Clothing In Premium Fabrics, Picks Up $1.5M". https://techcrunch.com/2015/07/21/grana-which-makes-affordable-clothing-in-premium-fabrics-picks-up-1m/. Retrieved 2015-12-02. 
  6. Frankel, Lindsay (December 10, 2016). "Five ethical clothing brands you can actually afford". https://www.csmonitor.com/Business/Saving-Money/2016/1210/Five-ethical-clothing-brands-you-can-actually-afford. 
  7. "Hong Kong Online-Only Fashion Brand GRANA Raises US$1 Million in Seed Funding From Local Investors - StartupsHK" (in en-US). StartupsHK. 2014-10-22. http://www.startupshk.com/grana-funded/. 
  8. Russell, Jon. "Online fashion retailer Grana raises $10M led by Alibaba’s entrepreneurship fund". https://techcrunch.com/2016/10/03/grana-10-million-series-a/. 

Further reading

External links