What is Basket?
Basket, also known as 2026 Intent Technologies Inc., offers a sophisticated virtual try-on service powered by AI technology. This innovative platform allows users to virtually try on apparel from various retailers, enhancing the online shopping experience. Shoppers can save desired items, monitor price reductions, and curate wishlists, all while potentially earning cashback. The service is accessible across iOS, Android, and Chrome, targeting a digitally native consumer base seeking convenience and engagement in their retail journey. Basket's mission is to redefine how consumers interact with and purchase clothing online, aiming to revolutionize the broader retail landscape.
How much funding has Basket raised?
Basket has raised a total of $3M across 1 funding round:
Angel/Seed
$3M
Angel/Seed (2023): $3M with participation from Lightbank
Key Investors in Basket
Lightbank
Lightbank is an investment firm based in Chicago, IL, focusing on funding innovative startups. The company aims to support entrepreneurs by providing capital and strategic guidance. Their intended clients are early-stage companies looking for investment to scale their operations. Lightbank is dedicated to fostering growth in the tech ecosystem.
What's next for Basket?
The recent major strategic investment signals a pivotal growth phase for Basket. This capital infusion is likely to fuel further development of its AI-driven virtual try-on technology, expansion into new markets, and enhancement of its user acquisition strategies. With a focus on improving the online shopping experience through features like wishlists and cashback, Basket is positioning itself for significant scaling. The company's enterprise-level funding context suggests a strategic push towards solidifying its market position and potentially exploring partnerships within the retail ecosystem to accelerate its trajectory.
See full Basket company page
