We will scale up so that we will be able to liquidate 2 million units a month within 2 years
FAQs
-
- We have started operations in the US and Europe, six months ahead of schedule, after securing $40million of stock for resale. This followed the build of our proprietary cloud tech stack and stock triage software.
- We have built a proprietary technology solution that allows us to economically triage and grade the stock on a global level. We can also harvest all the necessary product detail.
- The reverse supply chain market grew considerably during the COVID pandemic and is growing at around 35% annually. Many retailers are sending around a third of all overstocks and returns to landfill as it becomes uneconomical to put back into the market. Retail value is also leaked by low value liquidators who re-sell through fire sales with resulting damage to brand equity.
- Several high-profile investors are already on board, including the Silicon Valley based Tenacity Venture Capital, led by Ben Narasin. Also we have been backed by Plug and Play, the global accelerator based in Silicon Valley.
- We are still in our infancy but have already launched in the US and Europe after securing 1.2 million retail products for resale. This has reduced the volume of landfill by 380 cubic metres.
- A linear economy follows the ‘take-make-dispose’ route, which means raw materials are collected, transformed into products that are used until they are discarded as waste. This model puts increasing pressure on the earth’s finite resources and can adversely affect natural habitats and the environment we share with other living species, threatening their very existence.
- The circular economy is a way of using things smarter, taking better care of them to make them last longer to help protect our planet and it’s natural assets. It involves sharing, leasing, reusing, repairing, refurbishing and recycling existing materials and products as long as possible. In this way, the life cycle of products is extended and waste is kept to a minimum.
- We are still in our infancy but have already launched in the US and Europe after securing 1.2 million retail products for resale. This has reduced the volume of landfill by 380 cubic metres.
Debunking carbon offsetting myths for business start-ups
