Onceit is an online daily deal site selling mid to high-end designer fashion, beauty and homewares, predominantly in New Zealand. Onceit has grown to be a substantial business and has a profitable business model. Onceit has reliably paid dividends to Punakaiki Fund with aggregate amount of dividends paid exceeding Punakaiki Fund’s total investment in Onceit. Onceit’s board includes Simon West, the former CEO of EziBuy and former Executive Director of Max Fashions, and who currently leads Torpedo 7. Onceit is based in Auckland.
The last investment event was the purchase of shares by Simon West in late 2015.