SilkFred LTD

Powering the future of fashion
Startup/business
United Kingdom United Kingdom
http://www.silkfred.com

SilkFred is an e-commerce platform for independent fashion brands. We power an online marketplace, connecting fashion forward shoppers with the hard to find brands of the future, as well as custom websites, and pop-up shops.

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Company description

Our Ethos

We believe that independent fashion brands that have a unique vision deserve to succeed. 

We represent cool, innovative fashion brands and we all work towards one common goal, to be at the forefront of fashion. When our customers shop with us they not only discover new brands but the people behind them. 

 

What is SilkFred?

SilkFred is an e-commerce platform that is a one stop shop for independent fashion.

We provide routes to market for independent fashion brands:

1) We power an online marketplace, connecting fashion forward shoppers with the hard to find brands of the future! 

2) E-commerce solutions - SilkFred technology powers custom websites for our brands and designers to get to market directly 

3) Pop up shops! Offline sales give customers the opportunity to ‘touch’ products and engage with brands! 

 

What's the problem?

For independent brands - 

There is no single solution to help independent fashion brands get to market

• Web agencies are expensive

• E-commerce platforms are not fashion focused

• Brand marketing is expensive and often not in core skill set

• Logistics solutions are complicated and often expensive

For fashion lovers - 

• No girl wants to see someone else wearing the same dress

• Finding unique fashion at an affordable price point is a tough job

 

Our solution!

The market

> Fashion is the fastest growing sector in e-commerce.

> By 2018, global fashion e-commerce will be worth $219bn, US fashion e-commerce $120bn and UK fashion e-commerce will be $15bn.

> By 2018, over 1.5m fashion stores will be on the top 5 ecommerce platforms.

 

Where are we now?

> Sales are doubling each month!

> We power over 130 international fashion brands (70 brands approach us every month).

> Facebook fans have grown from 1.3k to 30k+ in the last 4 months.

> We have hosted pop up shops all over the world and placed 50 brands on shop floors in Paris, London, Hong Kong, Munich, Ibiza and Barcelona to name a few.

> Named as "fashion tech startup to watch" by Huff Post. Also featured on ITV's Daybreak, Tech City News, The Sunday Times, The Guardian to name a few.

 

> Won a coveted spot on the new accelerator program powered by DC Thompson (owns Shortlist Media).

 

> Recently invited to the 2014 Royal Garden Parties in recognition of our contribution to the goverment's Business is GREAT Britain campaign.  

 

> Won Crowdcube's Online Business of the Year and nominated for London's Best New Business and Best Entrepreneur at the London Business Awards

 


https://www.youtube.com/watch?v=L9KW-xQQ6vY

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Team
  • Emma Watkinson
    Emma Watkinson | Founder
    Founder of SilkFred. Over 10 years in fashion retail. Online editorial in NYC. Buying & merchandising at high turnover boutiques & most recently, my- wardrobe.com. Guest lecturer at London College of Fashion.
  • Rob Liddiard
    Rob Liddiard | Team member
    Ex financial futures trader turned internet entrepreneur. One of the original 3 founders of ClickTonight a London dating site with a 6 figure database. Running digital marketing for SilkFred.
  • Kate Jackson
    Kate Jackson | Advisor
    Ex commercial lawyer now entrepreneur. Co-founder of tech startups SilkFred, TableCrowd and ClickTonight. Loves triathlons, playing cupid and dining out.
  • Stephen Jackson
    Stephen Jackson | Advisor
    I traded financial derivatives for 3 large investment banks before trading for myself with my own funds. I am a co-founder of TableCrowd and SilkFred.
Business model

3 proven revenue streams

1. Marketplace sales

> sales commission

> margin on exclusive wholesale collaborations

> marketing fee

 

2. E-commerce stores

> bespoke design fees

> monthly subscription

 

3. Pop up stores

> sales commission

> pitch fee

Competitive advantage

1. Bespoke fashion specific solution

2. Ability to sell high volume of independent brands online

3. One stop shop for brands (online and offline requirements)

4. High level and personal service

5. Integrated warehouse and shipping solution