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Fashion rental is back: Designerex looks to raise funds as demand surges

Peer-to-peer fashion rental platform Designerex is looking to raise fresh funds to help it scale in the US and other global markets as it experiences record growth post-Covid.  While the platform’s revenue plunged to almost zero in 2020 due to weddings and other events being cancelled, demand has surged back in recent months, and transaction levels this month are almost triple what they were in March 2019. Co-founder and co-CEO Kirsten Kore says the business is in the “right place at th