Test the Waters
ObÁnj

ObÁnj

Borrow High-End, Designer Jewelry For $29/month

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Categories
Retail
Location
Scotsdale, AZ
Offering Date
August 07, 2021
Expected Close Date
November 05, 2021
Valuation
$1,060,000

Company Description

Inspired to wear jewelry sustainably, Obanj members borrow high-end, designer jewelry for $29/month. Members enjoy unlimited access to timeless classics from Dior, YSL, Hermes, Chanel, and more.

Key Deal Facts

We are a minority-owned, female-founded sustainability brand.
Black women are 21% more likely than the total population to spend $500 or more on costume jewelry.
Black women are 2x more likely than the general population to shop at Neiman Marcus.
Obanj is uniquely qualified to build our business focused on the black, female buying population.
Our closet has more than $40,000 worth of jewelry from iconic brands ranging from Hermes to Chanel.
We already have a core pilot user group of 100 active users and supporters of our services.
We have been featured in local & national media - including Elle and InStyle Magazine.
Amount Raised : $0
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The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
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The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
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Business Traction
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The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
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Valuation

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