Platform Introduction

Offerup is an online trading market on mobile terminals, with a wide range of trading categories, including maternity and baby products, clothing, electronic products, sports and outdoor products, etc. Users can be both buyers and sellers at the same time. Sellers only need to take photos of items with their mobile phones and upload them to the APP and website, and the items for sale will be displayed together with the seller's geographic location and price.

In addition, Offerup closely integrates transactions and SNS . Transaction lists can be uploaded to users' Facebook , Twitter and Pinterest , and sellers can also know how long it takes for the product to be noticed by buyers from the time it is put online.

Anti-theft design

One of OfferUp's highlights is the development of the identity verification function " TruYou ", which scans relevant documents to complete identity verification and reduces the security risks of user personal information being stolen. Users do not have to share their personal mobile phone numbers when using OfferUp , which is very helpful in improving the user experience.

Domain Name Introduction

Offerupnow.com is OfferUP ’s current official website domain name. The domain name was registered in 2011. Judging from the length of the domain name alone, it is a little long, but it has a certain meaning: offerup means to provide or to propose in Chinese, and offerup now means to propose from now on ... expressing timeliness.

Financing

In March 2015 , it completed a round of financing led by T. Rowe Price , raising US$ 73 million and currently has strong capital strength.

In September 2016 , OfferUp received a $ 119 million Series C1 round of financing led by Warburg Pincus , with GGV Capital and Altimeter Capital participating. After the completion of this round of financing, the company has raised a total of $ 210 million and continues to receive support from existing early investors such as Andreessen Horowitz , T Rowe Price , Vy Capital and Coatue Management .

Development History

In 2011 , OfferUp was founded.

References