Gap Inc Acquires Ecommerce Startup Drapr For Undisclosed Sum

by Shivani Kumaresan, Benzinga Staff Writer

August 26, 2021 3:13 PM | 24 seconds read | Make a Comment

Gap Inc GPS has acquired e-commerce startup Drapr for an undisclosed sum.
Drapr enables customers to quickly create 3D avatars and virtually try on clothing. Drapr helps shoppers find the size and fit they need.
Drapr was founded by David Pastewka, Will Drevno, and Richard Berwick.
The company held $2.5 billion in cash and equivalents as of May 1, 2021.
Price Action: GPS shares are trading lower by 4.86% at $26.15 on the last check Thursday.

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