Luxepolis
| Company type | e-commerce |
|---|---|
| Industry | luxury e-commerce |
| Founded | 2014 |
| Founder | Vijay KG |
| Headquarters | Mumbai, Maharashtra, |
Area served | India |
Key people | Vijay KG (founder, CEO) |
| Website | https://www.luxepolis.com/ |
Luxepolis (established in 2014) is an Indian e-commerce marketplace specializing in the sale of pre-owned and new luxury goods, including handbags, watches, jewelry, apparel, and accessories to high end automobiles.[1][2]
By 2023, Luxepolis had a user base of 3.5 million, proprietary database of 50,000 products and over 47,000 sellers operating throughout India.[3][4]
History
[edit]Luxepolis was founded in 2014 by Vijay KG. It is operated by Luxepolis Retail Services Private Limited, headquartered in Mumbai, Maharashtra. The platform was created to address the growing demand for access to certified, pre-owned luxury items in India and to bring structure to the nascent luxury resale ecosystem.[5][6][7]
In 2021, Luxepolis opened physical store in Mumbai.[8]
Business Model
[edit]Luxepolis functions on a direct procurement and consignment model, where sellers (both individuals and businesses) can list luxury products after undergoing an internal quality check and authentication process. The company offers products from known global brands, including Louis Vuitton, Chanel, Hermès, Gucci, Rolex, Cartier, and others. It also offers white-glove services for sellers and operates private sales for high-net-worth clients.[9][10][11]
The company integrates NFC (near-field communication) tagging and other digital authentication tools to reduce return fraud and ensure quality standards are met. The company has a rigorous multi-layered authentication process for all products, involving brand-specific authenticators, horologists, and gemologists. [12][13]
Products and Categories
[edit]- Pre-owned luxury handbags (e.g., Louis Vuitton, Chanel, Bottega Veneta)
- Fine watches (e.g., Rolex, Omega, Cartier)
- Jewelry (e.g., Bulgari, Tiffany & Co.)
- Designer footwear and apparel
- Luxury accessories and collectibles
Media Coverage
[edit]Luxepolis' influence on the luxury resale sector and its role in developing circular luxury commerce in India has been featured in national publications such as The Economic Times, Business Standard, and Hindu Business Line.[5][10]
See Also
[edit]References
[edit]- ^ "Online portals take luxury goods to smaller cities". timesofindia. Retrieved 3 May 2025.
- ^ "As luxury watches become dearer and harder to lay one's hands on, the second-hand market is on a roll". The Economic Times. Retrieved 2025-05-03.
- ^ Bansal, Varsha (2020-03-02). "Reliance is launching an online luxury shopping portal in India". Vogue Business. Retrieved 2025-05-03.
- ^ FW. "Surge in India's pre-owned luxury market defies global trends". www.fashionatingworld.com. Retrieved 2025-05-03.
- ^ a b Philip, Lijee; Mittal, Apoorva (2024-11-10). "Flip the Baby Birkin: Luxury flipping, where coveted watches & handbags resold at significant markups, is growing in India". The Economic Times. ISSN 0013-0389. Retrieved 2025-05-03.
- ^ Chaturvedi, Anumeha (2023-12-21). "Youth, small-town consumers drive sales of used luxury items". The Economic Times. ISSN 0013-0389. Retrieved 2025-05-03.
- ^ Shashidhar, Ajita (2022-07-08). "Pre-used products in vogue as sustainable fashion trends". Fortune India. Retrieved 2025-05-03.
- ^ "BAG THAT PROFIT: Buyers pick up art of luxury flipping" (PDF). TIMES OF INDIA.
- ^ Philip, Lijee; Mittal, Apoorva (2024-11-10). "Flip the Baby Birkin: Luxury flipping, where coveted watches & handbags resold at significant markups, is growing in India". The Economic Times. ISSN 0013-0389. Retrieved 2025-05-03.
- ^ a b "Gucci, Louis Vuitton sales skyrocket in Tier-II, III cities as demand rises". business-standard.com. 3 May 2025.
- ^ Lazarus, Susanna Myrtle (2019-09-14). "Get Sabyasachi at a bargain on Rewear". The Hindu. ISSN 0971-751X. Retrieved 2025-05-03.
- ^ Ganguly, Payal (2016-03-09). "Firms like Luxepolis, Confidential Couture & Bluestone are using innovative techniques to reduce rate of return". The Economic Times. ISSN 0013-0389. Retrieved 2025-05-03.
- ^ "Now, start-ups create market for pre-owned luxury items". BusinessLine. 2016-03-14. Retrieved 2025-05-03.