Social shopping service Threadflip pulls in USD1.6 million

Less complicated and more personal than Ebay

Threadflip, a social platform for buying and selling clothes and accessories, is launching with a USD1.6 million investment. The website is focusing on middle- and upper-class apparel and asks users to upload pictures of high-quality item and set a fair price, or send it to the Threadflip office in San Francisco. The startup takes 15% from each deal from a seller. Currently the service offers around 8,000 items, such as a Marc by Marc Jacobs satchel for USD130.

Threadflip’s CEO Manik Singh says that he was inspired by his wife, who did not know what to do with a pair of expensive boots she no longer wore. Services such as eBay are more complicated to use and are less personal, says Singh. Currently Threadflip is available in the US only, but is planning to expand to other markets soon.

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