Photo - LOOX
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LOOX

Bangladesh
Market: Internet and IT
Stage of the project: Operating business

Date of last change: 25.01.2022
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Idea

LOOX is a fashion Ecommerce marketplace
Through live shopping technology, attribute based review on- Product body fit, Feel and colour accuracy, we make fashion shopping authentic, real and exciting.

Current Status

$100,000k+ in GMV,
10000+ Orders

Problem or Opportunity

For consumers:
1. Traditional ecommerce customer reviews doesnt help during shopping fashion products. Our review is based on Fit, feel and colour of clothing and accessories. Hence it reduces the risk and improves experience of shopping.
2. Live Shopping allows you to get exactly what you see
3. Our live shopping features are more advanced & accessible than facebook. For example, you can shop products while watching a live session, search for specific type of products to watch live and make a decision and more.
4. We are the first fashion and beauty brand aggregator in Bangladesh

Solution (product or service)

LOOX is the fusion of fashion eCommerce + live streaming. We are working to give Consumers a discovery based shopping experience and access to top brands, trending and quality products. Through live shopping technology, attribute based review system (customers giving review on 3 aspects - Product body fit, Feel and colour accuracy) and global level supply chain practices, we solve these problems for customers and brands and provide the ultimate fashion shopping experience.

Business model

We are a fashion and beauty products marketplace. Brands give us 30-50% margin. Customers get 20%+ discount. So we make 20-30% on sales.

Incubation/Acceleration programs accomplishment

NSU Startups next incubator program, the leading incubation program in Bangladesh. Over 600 applicants applied and 4 graduated, we are 1 of the 4.
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Idea
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Finance
Invested in previous rounds, $
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Incubation/Acceleration programs accomplishment
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