Latest Company Updates Within The KapVista Ecosystem
2020 has massively boosted one of the fastest-growing sectors: e-commerce and online shopping. In 2019, retail e-commerce sales worldwide amounted to 3.53 trillion US dollars and e-retail revenues are projected to grow to 6.54 trillion US dollars in 2022. Online shopping is one of the most popular online activities worldwide, which is further propelled by tech solutions like Shopify (NYSE: SHOP), allowing everyday users to create their online storefronts; Klarna, allowing shoppers to pay later with no interest, and the growth of shopping giant Amazon, whose revenues increased by 37.4% to a record $96.15 billion.
However, the customer pain point associated with online shopping is that the process can be overwhelming and time consuming for many people, especially for the ones that are not familiar with this market. One of KapVista’s clients, iuzeit, is an online e-commerce platform addressing this problem by allowing users to discover, research, and compare thousands of products instantly.
Yogi Patel, iuzeit CEO
“I was trying to make a purchase on a cell phone and after hours of searching on the Internet, I didn’t know what to buy. It was frustrating trying to process all the information from different sites, so we decided to build a platform that solves that problem.”
iuzeit is currently raising capital to scale in the sector, seeking to close off the current term sheet with an additional $1M and launch a $10M term sheet in the next coming months. The offer is backed with strong proof points and comes from an experienced team able to scale fast.
▌over 4,000 registered users on the platform,
▌15 Consumer Electronics categories live and expanding into other verticals this month including Covid Essentials, Health & Wellness, and CBD.
▌strategic partnership with Edge196 LLC, opening avenues to a marketplace in a cross-border ecosystem.
▌40+ affiliate partnerships in place including Amazon, Walmart, Best Buy.
▌a robust team expanding with key senior roles including iuzeit’s recently hired CMO adding much valuable skillset to the roster.
▌an unbiased platform with quality data allowing users to make informed decisions, saving time and effort
Backing the offer in the right time to invest is not only the exponential growth of the e-commerce sector (in 2019, retail e-commerce sales worldwide amounted to 3.53 trillion US dollars and e-retail revenues are projected to grow to 6.54 trillion US dollars in 2022), but also the fact that the company’s Series A round ($10M raise) will launch right after, giving investors in the current round an almost 4x immediate return.
Our team will be happy to put you in touch with the founding team to discuss.
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