Gap acquires 3D fitting room startup Drapr

#1

Post by vitabenes » Mon, Aug 30, 2021, 9:26 AM UTC

Gap acquires 3D fitting room startup Drapr
retaildive.com

Re: Gap acquires 3D fitting room startup Drapr

#2

Post by bingohbangoh » Mon, Aug 30, 2021, 11:54 AM UTC

No amounts mentioned. Can I assume it was a pittance then?

Re: Gap acquires 3D fitting room startup Drapr

#3

Post by emptysea » Mon, Aug 30, 2021, 12:03 PM UTC

bingohbangoh wrote: post #2

No amounts mentioned. Can I assume it was a pittance then?

Crunchbase says they only raised $125k so even if they were acquired for a few million, they likely made out okay.

Re: Gap acquires 3D fitting room startup Drapr

#4

Post by yeldarb » Mon, Aug 30, 2021, 12:06 PM UTC

Congrats guys!

For those who don’t know, Drapr was a YC co from last summer’s batch: https://www.ycombinator.com/companies/drapr

Re: Gap acquires 3D fitting room startup Drapr

#5

Post by the-dude » Mon, Aug 30, 2021, 12:23 PM UTC

emptysea wrote: post #3

bingohbangoh wrote: post #2

No amounts mentioned. Can I assume it was a pittance then?

Crunchbase says they only raised $125k so even if they were acquired for a few million, they likely made out okay.

That seems to be the YC batch amount.

Re: Gap acquires 3D fitting room startup Drapr

#6

Post by gootler » Mon, Aug 30, 2021, 12:27 PM UTC

Nobody cares. I walk around in my underwear all day thanks to China's Covid!

Re: Gap acquires 3D fitting room startup Drapr

#7

Post by wombatmobile » Mon, Aug 30, 2021, 12:31 PM UTC

What problem/s does 3D fitting room solve?

What problem/s does 3D fitting room introduce?

Re: Gap acquires 3D fitting room startup Drapr

#8

Post by yccc » Mon, Aug 30, 2021, 12:34 PM UTC

bingohbangoh wrote: post #2

No amounts mentioned. Can I assume it was a pittance then?

If they’re an acquisition target this early in their life then it must be because of potential, not inability to raise money, as being a part of YC would make it straight forward to raise capital to continue to identify business opportunities (if they were struggling). I’d be very surprised if it was under 20m.

Re: Gap acquires 3D fitting room startup Drapr

#9

Post by deanclatworthy » Mon, Aug 30, 2021, 12:37 PM UTC

wombatmobile wrote: post #7

What problem/s does 3D fitting room solve? What problem/s does 3D fitting room introduce?

Presumably what is my number one issue with online clothes shopping, and why I have and never will do it - sizing and perception.

1) Sizing - ordering multiple sizes so you get the right one is not a sustainable or environmentally friendly way of purchasing clothes online.

2) Perception - looking at a good-looking, slim person trying on clothes is not representative of most people. I've seen plenty of clothes look good on a mannequin look awful on me. Wish I could say vice-versa, but the mannequins don't talk back.

Re: Gap acquires 3D fitting room startup Drapr

#10

Post by wombatmobile » Mon, Aug 30, 2021, 12:45 PM UTC

deanclatworthy wrote: post #9

wombatmobile wrote: post #7

What problem/s does 3D fitting room solve? What problem/s does 3D fitting room introduce?

Presumably what is my number one issue with online clothes shopping, and why I have and never will do it - sizing and perception. 1) Sizing - ordering multiple sizes so you get the right one is not a sustainable or environmentally friendly way of purchasing clothes online. 2) Perception - looking at a good-looking, slim person trying on clothes is not representative of most people. I've seen plenty of clothes look go…

What does the back end look like?

Is every garment custom made, or selected from inventory?