June 12, 2014
The Miami-based Kloset Karma app is taking an existing habit of friends creating home “bazaars” , and amplifying it to an online community level. The app is basically a fashion exchange marketplace that enables users to exchange new or almost-new clothing pieces and accessories for brand new clothes without spending money.
The startup’s mantra is “If you give, you shall receive,” and it aims to empower young women to not only feel great while renewing their closet, but to have a taste of entrepreneurship by earning and spending in a point currency system.
“We provide an innovative and sustainable solution for young women to update their closets constantly without spending any or much money at all, while extending the life cycle of the clothing items,” says Kloset Karma’s Co-founder Paula Celestino.
Users can find other fashionistas around their area, earn and buy points to use in exchange for clothes. Kloset Karma monetizes their platform through the sale of these points, or the virtual currency used to pay for the clothing.
Kloset Karma is free and available on iOS. The startup plans to launch the Android version later this month.
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