Newme

Newme

A realtime fashion e-commerce platform that offers a wide variety of trendy clothes. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
CAD98—147m (Dealroom.co estimates Jul 2024.)
Bengaluru Karnataka (HQ)

Financials

Estimates*

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Revenues, earnings & profits over time
USD2023
Revenues9.8m
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DateInvestorsAmountRound
N/A

N/A

Seed
*

N/A

Seed
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$5.4m

Seed
*

$18.0m

Series A
Total FundingCAD31.9m

Recent News about Newme

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More about Newmeinfo icon
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NewMe.asia is a fashion-focused startup that operates in the e-commerce space, specifically targeting the Asian market. The company specializes in offering a wide variety of trendy clothing items, including dresses, sweatshirts, trousers, skirts, tops, and denim. Their product line also extends to intimate wear such as bras and panties. The company's offerings cater to a broad demographic, with designs inspired by popular figures and trends, such as Spiderman and Kylie Jenner, indicating a focus on younger, fashion-conscious consumers.

The business model of NewMe.asia is based on online retail. Customers browse and purchase products directly from the website, with the company offering free pick-up for orders above Rs 799. This suggests a direct-to-consumer model, which eliminates the need for physical retail spaces and allows the company to operate with lower overhead costs.

The company generates revenue through the sale of its products. The wide variety of clothing items available, coupled with the trend-focused designs, suggests a strategy aimed at encouraging repeat purchases and fostering customer loyalty. The free pick-up service for orders above a certain amount also indicates a focus on incentivizing larger purchases.

Keywords: E-commerce, Fashion, Online Retail, Direct-to-Consumer, Trend-Focused, Young Consumers, Wide Variety, Repeat Purchases, Customer Loyalty, Incentivized Purchasing.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.