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Millennials are seeking more sustainable and affordable models for the delivery of goods and service.
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Source: ThredUp 2018 Resale Report
The Simple Solution
“Rent It, Rock It, Return It”
Red Carpet Rocks is the first omni-channel platform that
introduces global fashion jewelry brands to the
sharing economy. Our model allows women to rent
jewelry for any occasion, anytime!
Consumer-Centric Occasions
• Anniversaries • Destination Weddings • Holidays • Rehearsal Dinners
• Bachelorette Parties • Film Festival Screenings • Major Life Occasions • Sorority Formals
• Baptisms • First Communions • Milestone Birthday Parties • Vacations
• Bridal Showers • Fundraisers • Pageants • Work Parties
• Business Galas • Galas • Parties • Weekend Night’s Out
• Charity Dinners • Graduations • Proms • Weddings
• Daytime Events • Girl’s Night’s Out • Quinceañeras • Wedding Receptions
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Value Proposition
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Our Mission
To us, it’s more than sparkle and jewels. It’s an opportunity to make the
beauty of the women we know and love that much more dazzling. By creating
a red carpet experience that’s accessible to all, we hope to help women of all
kinds feel appreciated, confident, and their most radiant selves.
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The Jewelry Industry
$18.8Bn $19.6Bn
Estimated jewelry industry Estimated jewelry industry
revenue in the U.S. in 2020 revenue in the U.S. in 2025
$7Bn $9Bn
Estimated online jewelry sales Estimated online jewelry sales
in the U.S. in 2020 in the U.S. in 2025
“Consumers today are not necessarily excited about owning, particularly the
younger population, […] rental platforms are gaining momentum.”
Patrice Louvet | CEO of Ralph Lauren
We believe that the rental jewelry industry will follow the strong movement demonstrated in the rental clothing industry
with Red Carpet Rocks leading the way. 8
Competition Analysis
*Consumer goods subscription services average a monthly 9.6% churn rate translating to a whopping 57.7% of customers lost in a
6-month period. 9
Source: https://info.recurly.com/research/churn-rate-benchmarks
How Does It Work?
SELECT RENT RETURN
Browse our collection of Revel in your red-carpet moment for 4 On the final day of your rental,
designer jewelry and reserve days and share your insta-worthy use the prepaid label and drop your
your favorite pieces. Enjoy sparkle with #FlingWithMyBling jewelry off at any FedEx location.
complimentary shipping.
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Our Revenue Model
75% of transactions 5% of transactions 20% of transactions
Projected rentals per style = 20 | AOV = $106.67 | Average rental ROI per style = $682.50
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Our Current Inventory
800 736
700 35%
600
500
400
65%
300
220 200
200 52
100
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0
Earrings Bracelets Necklaces Rings Evening bags Red Carpet Rocks Our Designer's
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Red Carpet Rocks Brand
vs.
Our Designer Brands
#1 12X to 14X $42
Rent. Rent to Buy. Buy. Retail margins versus 2.5X to 3X Average wholesale cost versus
for our designer’s collections $95 for our designer’s collections
$154 $100*
CAC One-year value of a customer
500+ 10,000+
Newsletter subscribers Monthly website visitors
1850+ 6,000+
Facebook likes Instagram followers
*Due to the number of occasions throughout a lifetime, the LTV is estimated to be over $3,500 per customer, with an
average of 6, $59 transactions per year across 10 years. 14
Influencer and Press Exposure
As Seen On:
“I never like to wear “It’s the best version of “This jewelry rental
the same thing twice… ‘Thank you, Next’ I service is such a life
It is amazing!” can think of.” saver.”
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Marketing Strategy
Social Media and Digital Advertising
As our jewelry is visually attractive and glamorous, it is highly susceptible
to social media virality, so we will build our audience through
digital marketing.
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Timeline
2018 2019 2020
• Jan 2017 - May 2018 Built Website • Jan 2019 - Launched Website • Bring team in house to support growth
and expansion
• May 2018 - Dec 2018 Soft launch in NYC • June 2019 – Pop Up Truck in NYC
• Continue to host pop ups in large
• October 2018 – Pop Up in NYC • July 2019 - Featured on Pix 11
markets
• Dec 2018 - Featured on Fox News • August 2019 - Featured on NY1
• Grow inventory by expanding brand and
• Dec 2019 – Conclusion of the year with discovering new designers
over $30k in revenue and 311
• Move office to a showroom space to
transactions.
elevate brand experience and exposure
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• Meet & exceed sales goals
Founder:
Urvi Tejani
Launched Tejani in 2004, an upscale brick-and-mortar retail, wholesale, and
e-commerce bridal fashion jewelry business that generated over $2 million
in revenue.
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Capital Raise and Use of Funds
Marketing Inventory
$2M
• Digital marketing • Red Carpet
Rocks collection
• Social media
• Other designers
• Influencers
($1M + $1M upon milestone)
Year 1:
Team Showroom
10,000
• Webmaster • The red carpet
Orders
• Social Media experience
Coordinator
$1M • Stylist
• One-on-one
in Revenue appointments
• Digital Manager
• Operations
3500 Manager
Customers 20
Digital Growth Strategy
Year 1 Year 2 Year 3
Projected
$1,060,000 $1,590,000 $3,180,000
Revenue
Yearly Website
1m 1.5m 3m
Visitors*
Yearly Orders
(conservative 1% 10,000 15,000 30,000
conversion rate)
Daily Orders 28 41 83
Hourly Orders 2 4 7
*These are numbers for our e-commerce model. We expect a repeat customer and an increase in AOV to apply. 21
Financial Projections
Year 1 Year 2 Year 3
Operating
$606,544 $919,424 $1,753,664
Expenses
urvi@redcarpetrocks.com
http://redcarpetrocks.com
917-991-2141
@redcarpetrocks
@redcarpetrocks
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Thank You!