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Rent the Runway Secures Major Investment from Alibaba’s Jack Ma

The Rivet 50 is calling for nominations for leaders in the denim industry in 5 categories: design, influencer, leadership, sustainability and supply chain. Nominations close on May 23.

Fashion rental service Rent the Runway recently secured a $20 million investment from Alibaba founders Jack Ma and Joe Tsai through their investment arm Blue Pool Capital, according to Recode. With the investment, the company is reportedly valued at $800 million. “I have huge respect for Joe and Jack and wanted to opportunistically involve them…

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