Bed Bath & Beyond paid less than $30 million for One Kings Lane, a startup that was once worth $900 million
One King's Lane
According to a new report from Recode's Jason Del Rey, the home goods website was sold for "less than $30 million."
At the time of the acquisition, Bed Bath & Beyond declined to disclose the sale price, saying only that the purchase price was "not material."
One Kings Lane was at one point a fast-growing flash-sale site for home goods that raised more than $225 million in venture capital. The site came of age during the Gilt Groupe era, where flash sales were hugely popular, and One Kings Lane once had more than a $900 million valuation. But flash sale sites fell out of favor after about 2010, and Gilt Groupe, Fab and now One Kings Lane sold for far less than their billion-dollar valuations.
- I'm an interior designer. Here are 10 things in your living room you should get rid of.
- A software engineer shares the résumé he's used since college that got him a $500,000 job at Meta — plus offers at TikTok and LinkedIn
- Higher-paid employees looking for work are having a tough time, and it could be a sign of a shift in the workplace
- Apple clinches strong double-digit growth in India; CEO says incredibly exciting market
- Nifty hits record peak in early trade; Bajaj Finance jumps 6%
- Carbon Credits and Trading
- Rupee jumps 9 paise to 83.37 against US dollar in early trade
- Top 10 destinations to visit in India for nature and wildlife lovers in 2024