Le Tote Launches Four New Subscription Offerings

The Fashion Rental Service Debuts Tiered Pricing and Clothing-Only
Options for Members

SAN FRANCISCO–(BUSINESS WIRE)–Le
Tote, the fashion rental service for everyday style, today announced
the launch of four new membership offerings featuring tiered pricing and
clothing-only alternatives. Joining the company’s preexisting classic
and maternity memberships, the new selections aim to meet the needs of
their rapidly growing and diverse customer base.

To accommodate all budgets, Le Tote has released a wallet-friendly
reduced price subscription at $39 per month for classic and $49 per
month for maternity. It will provide members with two pieces of clothing
and one piece of jewelry per delivery. In addition, a clothing-only
option has been announced. At $59 per month for classic and $69 per
month for maternity, members will receive four items of clothing per
delivery. The full menu of Le Tote’s subscription offerings now includes:

Classic Membership
$39 per month: two
apparel, one piece of jewelry *New*
$59 per month: four apparel, no
accessories *New*
$59 per month: three apparel, two accessories
*Standard*

Maternity Membership
$49 per month:
two apparel, one piece of jewelry *New*
$69 per month: four
apparel, no accessories *New*
$69 per month: three apparel, two
accessories *Standard*

The move further illustrates the company’s commitment to making fashion
accessible and approachable for everyone, every day. To that end,
members can easily switch between subscription options directly from
their account page at any time. All subscriptions will provide members
with access to Le Tote’s full inventory of apparel, delivering access to
over 150 top brands including Vince Camuto, Calvin Klein and French
Connection to name a few.

“We’ve always let feedback from our customers inform and guide our
growth strategy,” said Rakesh Tondon, Le Tote Co-Founder and CEO. “Our
customer base is spread across 48 states and there is no
one-size-fits-all fashion solution. With that in mind, customization is
at the core of what we do. We are not an event-based, ad-hoc service.
Nor are we a splurge. Instead we strive to be an integrated and
affordable part of your everyday wardrobe. Knowing that our members’
needs and budgets are diverse, we want to ensure that everyone has an
option that works for them.”

The company’s data-driven model has experienced 15x revenue growth over
the last two years. Projected to ship over $500 million worth of apparel
and accessories in 2016 alone, the addition of these new membership
offerings will serve to fuel the company’s already rapid growth
trajectory.

To learn more about Le Tote, please visit www.letote.com
or the digital media
kit.

About Le Tote

Le Tote is a fashion subscription service that allows members to borrow
clothing and accessories for a flat monthly fee. Members can choose to
swap items ahead of delivery and keep them as long as they like. Once
they are done enjoying their tote, members simply return it to receive
another. Members also have an option to purchase items for 20-50 percent
off retail. Le Tote partners with more than 150 brands including French
Connection, Vince Camuto, BCBGeneration, Free People, Splendid, BB
Dakota, House of Harlow 1960, Rebecca Minkoff and more. Founded in 2012
by Brett Northart and Rakesh Tondon, the Y Combinator backed company has
raised venture funding from Andreessen Horowitz, Google Ventures, Azure
Capital Partners, Lerer Hippeau Ventures, Simon Venture Group, AITV,
Epic Ventures, Arsenal Venture Partners and Funders Club. For additional
information, please visit www.LeTote.com
or download the iPhone app.

Contacts

Le Tote
Emily Fox, 914-523-2365
Director of Public Relations
emily@letote.com