What is Grailed? Grailed Review

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introduce

Grailed is a second-hand luxury menswear resale website founded in 2013. The products on the website are divided into four categories: Grailed (trendy top products), Hype (trendy brand hot items), Sartorial (high-end suits) and Core (mass products). The brands sold include: Supreme, Off-White, Raf Simons, Saint Laurent and Celine.

origin

"Grailed" is street slang for finding an extremely rare item. The website with this name has also hit the hearts of die-hard millennial collectors by selling rare second-hand menswear products.

trade

Buyers can negotiate prices with sellers online. Sellers can set as many discounts as they want, and the buyer who pays first will get the order for the item. Commissions are paid through PayPal, and once the logistics information is uploaded, the order funds will be transferred to the seller's account.

freight

Shipping costs are included in the potential buyer's bid by default. If the item is a non-bid product, the shipping costs are included in the final sales price. Sellers can set the shipping costs for each listing. The total order commission and Paypal service fee is 6%. In addition, Grailed provides a money-back guarantee for buyers and sellers.

develop

In early 2016, Grailed launched an online auction project called "Grailed 100". The project brings together a total of 100 iconic and rare items launched in the past years by brands including Raf Simons, Helmut Lang, Jil Sander, Undercover, etc.

In October 2017, Grailed expanded its business to women's clothing and launched Heroine, a second-hand women's luxury clothing website.

Financing

On June 21, 2018, Grailed, a second-hand luxury menswear trading website, announced the completion of a US$15 million Series A financing round led by Index Ventures, with participation from existing investors Thrive Capital and Simon Ventures.