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Sotira lands $2M to help brands offload and monetize their surplus inventory

An estimated 20% to 30% of all inventory in the U.S. is surplus, with much of it ending up in landfills. A startup called...

Fast-growing South African venture FARO raises $6M to source, refurbish and sell surplus clothing

Global fashion brands grapple with excess inventory. ASOS, for instance, had over £1.2 billion of unsold products in 2022.  Mostly, these brands avoid reselling...
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