Q1 2026$612M raised14 deals0 new startups84 open roles

The Luxury ClosetAuthenticated luxury at accessible prices

The Luxury Closet is an online luxury consignment and resale marketplace based in Dubai. Raised $48M across 10 rounds, including investment from Huda Beauty. Offers authenticated pre-owned luxury goods shipped internationally.

FROM THE EDITOR'S DESK

The Luxury Closet sits at the intersection of luxury retail and sustainability — two themes that rarely coexist authentically. The investor roster is notable: Huda Kattan's involvement signals credibility within the Gulf's fashion and influencer economy that pure financial backing cannot replicate.

The consignment model in the Middle East faces a cultural headwind Western counterparts don't: secondhand luxury still carries stigma in parts of the Gulf. The Luxury Closet's longevity suggests a wedge, likely among expatriates and younger, sustainability-conscious consumers. The economics of authentication, logistics, and seller acquisition remain the core challenge.

TEAM

Kunal KapoorCEO & Co-founder

SNAPSHOT

Founded2011
Total Raised$48M
CategoryE-commerce
StatusActive
Team Size101-200
LocationDubai, Al Quoz

ACTIVITY TIMELINE

Jan 2023Raised $14M total funding across multiple rounds
Jan 2022Opened new authentication centers
Jan 2021Launched luxury watch authentication services
Jan 2020Expanded to Saudi Arabia market

FUNDING HISTORY

Jan 2021

NEWS ABOUT THE LUXURY CLOSET

No articles about The Luxury Closet yet. Browse related coverage:

OPEN ROLES

No open roles at The Luxury Closet right now.

Browse all startup jobs →