15/12/2025
A Heartfelt Goodbye & Thank You 🙏
The last week we sent out the last community update to all our friends. We’re thankful from the bottom of our hearts for being part of our journey and contributing to the pilot project of our innovative and circular-economy-driven service in Estonia 🇪🇪
In the summer of 2022, we launched a one-of-a-kind children’s clothing rental service that, by the end of 2024, held over 12,000 new and preloved garments. We built the entire system from scratch: inventory and warehouse management, reverse logistics— including returns, cleaning, and redistribution—payout systems, and much more. We were delighted to collaborate with , , and , and received a lot of support from our community.
At the end of 2024, we developed an AI-powered Yaga listing automation to expand into the resale market and adopted a more sales-oriented strategy. We developed the service hand in hand with our customers, fulfilling over 1,600 orders and recirculated more than 3,000 products. The best sales month for us was May 2025 when our GMV skyrocketed with an incredible 487% YoY growth, and our operating revenue followed close behind at 480% YoY growth.
Our work and dedication received independent recognition, including winning the Estonia final, being named one of Europe’s top 5 sustainable fashion startups by , reaching the top three in the Circular Economy category at the , and being selected for the prestigious program. Through this journey, we gained invaluable experience and insights into scaling our service to larger markets.
What’s Next?
To focus on expansion, we paused our Estonian service earlier this year in hopes of finding a local team to continue building on the strong foundation we’ve created. As no suitable team was found, we have decided to close the Estonian business at the end of the year.
We are sincerely sad to share this news and hope for your understanding. We are deeply grateful for your support, trust, and for being such an important part of this journey—our amazing community, friends, and 314 virtual shareholders.♻️