Companies have raised roughly $114 billion in U.S. IPOs so far in 2020, comfortably outpacing a $62.5 billion haul for all of 2019, and is already the biggest year for new listings in recent memory, according to data from Dealogic, which has tracked IPO data since 1995.
ThredUp received $175 million in funding in August last year, which it said would be used to expand its platform to offer resale clothing services to retailers.
Till date, the company has raised roughly $340 million in funding from investors such as Goldman Sachs, Highland Capital Partners and Redpoint Ventures, according to startup data platform PitchBook.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.