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The 30-Minute Cart That Built Brazil’s Fashion Treasure Hunt
Privalia turned surplus stock into appointment shopping. Now, under Brazilian ownership, the flash-sale pioneer is trying to become something larger without losing the thrill that made 20 million people sign up.
The $850 Million Treasure Hunt Built From Retail’s Leftovers
Ocean State Job Lot has spent nearly five decades turning retail’s awkward leftovers into useful bargains. Its real product is not any one item - it is the practiced thrill of never knowing what will be on the next pallet.
INTURN
INTURN is a New York-based enterprise SaaS company that helps brands and retailers manage, price and sell their excess and end-of-season inventory. Founded in 2013, it built one of the first digital platforms to replace spreadsheets and email in the roughly $250 billion off-price apparel trade, connecting sellers with a global network of buyers in private, controlled online showrooms. The platform centralizes inventory data, automates offers and negotiations, and provides analytics to recover margin on stock that would otherwise be liquidated at a loss. INTURN raised $36 million in venture funding, including a $22.5 million Series B in 2017 led by B Capital Group, and was acquired by AI retail company Mad Street Den in November 2022.