Klozee raises seed funding from TracxnLabs

The month-old start-up Klozee, has raised funding through a seed funding round from TracxnLabs. The company’s business model is renting designer apparels at one-tenth of the retail price. Founded by IITans and it currently serves customers in Bangalore. The idea of starting a designer clothing rental business clicked when co-founder Aman Haji’s cousin complained of not having clothes to wear for a wedding despite having a wardrobe full of clothes.