Skip to Main Content
HBS Home
  • About
  • Academic Programs
  • Alumni
  • Faculty & Research
  • Baker Library
  • Giving
  • Harvard Business Review
  • Initiatives
  • News
  • Recruit
  • Map / Directions
Alumni
  • Login
  • Volunteer
  • Clubs
  • Reunions
  • Magazine
  • Class Notes
  • Help
  • Give Now
  • Stories
  • Alumni Directory
  • Lifelong Learning
  • Careers
  • Programs & Events
  • Giving
  • …→
  • Harvard Business School→
  • Alumni→
  • Stories→

Stories

Stories

25 Mar 2019

Rent The Runway Joins the Unicorn Club

Re: Jenn Hyman (MBA 2009)
Topics: Business Ventures-Business Growth and MaturationManagement-Growth and Development StrategyInnovation-Innovation and ManagementSales-eCommerceTechnology-Web Sites
ShareBar

Photo via Forbes, courtesy of Rent the Runway

Photo via Forbes, courtesy of Rent the Runway

Rent the Runway’s latest fundraising round—a $125 million investment led by Bain Capital Ventures and Franklin Templeton Investments—has pushed the company’s valuation to $1 billion.

Reflecting on the milestone, CEO Jennifer Hyman (MBA 2009), told Forbes that the company “has created a new consumer behavior of dynamic ownership and clothing rental has become an essential utility in our members’ lives.” Hyman goes on to say that RTR is meeting the market’s changing needs. “We’ve adapted to the modern woman’s need for wanting access—not necessarily ownership—to designer apparel, accessories and now home products,” she tells the magazine.

What’s behind RTR’s rapid rise? The article quotes a T. Rowe Price analyst, who notes that a key part of the company’s ascendance has been its ability to focus on two core tenets, saying that “Rent the Runway has consistently demonstrated an ability to innovate and improve its customer experience and technology.”

READ MORE

ShareBar

Featured Alumni

Jenn Hyman
MBA 2009
Login to send a message

Post a Comment

Featured Alumni

Jenn Hyman
MBA 2009
Login to send a message

Related Stories

    • 15 Jul 2025
    • HBS Alumni News

    Bringing Business Insights to Micro-entrepreneurs

    Re: Anthony Tan (MBA 2011); Hyunjin Kim (DBA 2020); Tarun Khanna (Jorge Paulo Lemann Professor); Rembrand M. Koning (Mary V. and Mark A. Stevens Associate Professor of Business Administration); By: Jennifer Gillespie
    • 15 Feb 2024
    • HBS Alumni News

    Startup Shepherds

    Re: Catalina Daniels (MBA 1991); Jim Sherman (MBA 1991); Justin Joffe (MBA 2009); Jenny Carter Fleiss (MBA 2009); Jenn Hyman (MBA 2009); By: April White
    • 12 May 2023
    • Forbes

    Alabama's Yella Fella

    Re: Jimmy Rane (OPM 11)
    • 14 Oct 2021
    • Wall Street Journal

    Disney’s Alan Horn to Retire

    Re: Alan Horn (MBA 1971)

More Related Stories

Stories Featuring Jenn Hyman

    • 04 Jun 2020
    • NPR: How I Built This

    Let's Talk Resilience

    Re: Jenn Hyman (MBA 2009)
    • 20 Oct 2019
    • Irish Independent

    Rent the Runway Opens Galway Office

    Re: Jenn Hyman (MBA 2009)
    • 17 Apr 2019
    • Time Magazine

    Two Alumnae Among Time’s Most Influential of 2019

    Re: Jenn Hyman (MBA 2009); Aileen Lee (MBA 1997)

More Stories Featuring Jenn Hyman

 
 
 
ǁ
Campus Map
External Relations
Harvard Business School
Teele Hall
Soldiers Field
Boston, MA 02163
Phone: 1.617.495.6890
Email: alumni+hbs.edu
→Map & Directions
→More Contact Information
  • Make a Gift
  • Site Map
  • Jobs
  • Harvard University
  • Trademarks
  • Policies
  • Accessibility
  • Digital Accessibility
  • Terms of Use
Copyright © President & Fellows of Harvard College.