Vestuá
Vestuá, founded in 2014 by Joaquín Zavala and Santiago Valdés, is an e-commerce platform for resale lovers. The multi-brand fashion reseller is changing the way Latin American customers give pre-loved items a second-hand life through their robust logistics and tech platform. They are committed to reducing the environmental impact of the fashion industry by giving a second home to fashion pieces in both Chile and Mexico.
Why invest in Vestuá?
The second-hand clothing market in South and Central America has grown significantly in recent years, with many countries in the region seeing a surge in demand for used clothing. Within Chile’s strong retail sector, the founders saw a gap in the market—a lack of platforms fully dedicated to helping consumers in buying and selling pre-loved clothing and accessories. By leveraging AI and automating the process of product description, product imagery and pricing, the Vestuá team is iterating to scale its offering at an accelerated pace.
Strategic fit
In 2022 we invested in Vestuá to support their expansion into Mexico and to allow customers in both Chile and Mexico to extend the lifetime of their garments. Since then, the company has grown its operations in both countries and are now working with several of the largest retailers in the region by powering their resell offering.
Going forward
H&M Group Ventures continues to support Vestuá’s efforts to expand its resell offering to more customers in current and potential new markets and further collaborate on exploring new ways of extending resell offerings to H&M Group customers.
