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THE ICONIC

THE ICONIC is an Australian and New Zealand-based online fashion and lifestyle retailer.

Backed by

KinnevikKinnevik
Summit PartnersSummit Partners
VerlinvestVerlinvest

Raised 25.61M EQUITY on July 10, 2013

About

The Iconic is an Australia–New Zealand online fashion retailer operating a marketplace of ~45,000 products from ~500 brands, offering rapid local delivery, 100‑day returns, warehouse subletting and community events.

Mission

The Iconic is an online fashion portal serving Australia and New Zealand with clothing, shoes and accessories. Founded in 2011, the site carries about 45,000 products from 500 brands and attracts roughly 4 million monthly users. The company is not yet profitable but says it is tracking toward sustainable growth and targets a long-term EBIT margin of about 10%. Planned product and experience investments include adding more local and international brands, user‑interface and CRM enhancements, and a mobile upgrade. The Iconic is also building a ""fashion community"" via social outreach and offline activities such as a printed magazine and live fashion shows. Logistics and customer experience are a focus: the service offers three‑hour delivery in Sydney, free overnight delivery across the rest of Australia, and free 100‑day returns, and it sublets warehouse space to other Rocket companies. The Australian fashion e-commerce market is growing at approximately 20% year‑on‑year, which the company cites as supportive of its growth plans.

Quick Facts

Founded

2011

Funding

EQUITY

Industry

E-Commerce, Fashion, Retail

Team Size

501-1000

Headquarters

Sydney, New South Wales, Australia