Move Loot was a company and online marketplace for the buying and selling of secondhand (used) furniture. Users submitted photos of their goods online for appraisal, and the company then managed aspects of the selling, shipping and installation process. The company assessed furniture prior to posting it and had minimum standards for style and quality.
2013
Started in
2016
Closed in
51-200
Employee (s)
$21,800,000
Total Raised
Answers - 1
Aaron Kazah
written on Feb. 7, 2017
One former employee based Move Loot's failure on having an unsustainable business model. From June 2015 on, "the costs were growing through the roof and revenues weren't keeping pace," this person said. likening it to the demise of Homejoy, another failed on-demand startup.
Aaron Kazah's sources
- http://uk.businessinsider.com/moveloot-shuts-down-2016-6
All sources for funding rounds
- https://www.crunchbase.com/organization/move-loot/funding-rounds
