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If you want something super-trendy and want it now, BaubleBar might be the place to go. Many jewelry customers have had to compromise on high-fashion when requiring something in a hurry, or have had to look ages to find the perfect style. Founders Amy Jain and Daniella Yacobovsky left the world of finance after a stint and UBS and Harvard Business school to start a unique company that would redefine the fast-fashion jewelry industry and guide the customer experience at every step.
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The company has raised $10 million in funding from Christopher Burch, co-founder of the Tony Burch empire, and other investors, including Comcast, Accel and Greycroft Partners. In addition, BaubleBar has partnerships with Anthropologie and Nordstrom. Although the capital raising was successful, Yacobovsky and Jain point out that working capital needs are low and orders have tripled from last year, with 1, 000 purchases a day. The women discussed their passion for keeping up with trends, providing optimal customer service and to ship the items as soon as possible. “The cash-flow profile of this business is incredibly attractive, ” Ms. Jain said.
