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Bits & Bytes | Shoptiques' Recommerce, Myntra's New App, Le Tote's Clothing Rental

Bits and Bytes is a weekly roundup of the most important news in the fast evolving fashion-tech space.
A boutique on Shoptiques | Source: Shoptiques
By
  • Kati Chitrakorn

"How Shoptiques' 30-Year-Old CEO Is Using Tech to Take Indie Boutiques Global (and Make Millions)" (Forbes)
"The startup has raised $3 million to date from top investors like Andreessen Horowitz, Greylock Partners, Benchmark, SV Angel, William Morris Endeavor Agency and Y Combinator."

"Myntra to Unveil New Social App" (The Times of India)
"The Flipkart-owned online fashion retailer is aiming to double the gross merchandise value of goods sold on the platform to $1 billion in 2016. Mantra shut its website and moved to an app-only platform in May this year."

"Le Tote's Clothing Rentals App Lets You Seek Out New Outfits From Your iPhone's Search Screen" (TechCrunch)
"Online shoppers looking to spice up their wardrobe on a more regular basis can now download a new app from Le Tote, a 'Netflix-for-clothing' type of service backed by Andreessen Horowitz, Google Ventures and others, which launched to the public this week."

"Baublebar and Jawbone Collaborate on a Bracelet for the Wearable Tech Market" (Fashionista)
"This type of partnership is a first for both companies — Jawbone with a jewelry brand, BaubleBar with a tech brand. The two were introduced by their joint investor, Chris Burch."

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