What is Mercari? Mercari Review

introduce

Among the active users of Mercari platform, most of them are housewives, and the most popular thing for users to use Mercari is unused clothes. In addition, they also buy everything from luxury brands and 3C digital products to toothpaste and figurines.

Mercari Product Form

Mercari's product form is essentially no different from the familiar Zhuan Zhuan and Xianyu: users are not divided into buyers and sellers, they all use the same App, can publish products easily and quickly, set prices, and then trade through payment methods such as credit cards, and logistics methods such as express companies.

Mercari store opening process

1. Register with Facebook account or email

2. Create a listing

3. Set your price

Financing

Mercari received its first investment of $3 million just three weeks after its founding.

In March 2014, Mercari received $14.5 million in Series B investment.

In October 2014, it received US$21 million in Series C funding.

In March 2016, Japan's C2C second-hand trading platform Mercari announced a $75 million Series D funding round. Investors in the latest round of financing include Mitsui & Co., Development Bank of Japan, Japan Co-Invest, Globis Capital Partners, World Innovation Lab and Global Brain.

Development History

Mercari was founded in February 2013. It received its first investment of $3 million just three weeks after its establishment.

In July 2013, apps were launched for iOS and Android devices.

In 2014, Mercari opened an office in San Francisco in preparation for launching its app in the United States in September of that year.

In March 2014, Mercari received $14.5 million in Series B investment.

In October 2014, it received US$21 million in Series C financing.

In January 2016, Mercari opened their first European office in London. But in December 2018, Mercari announced that it would disband its European branch as a "temporary retreat."

In March 2016, Japan's C2C second-hand trading platform Mercari announced a $75 million Series D financing.

In February 2018, it began to enter other business areas by providing shared bicycle services such as "Merchari".

On May 14, 2018, the Tokyo Stock Exchange approved the listing of "Mercari" on the MOTHERS board, with the listing date being June 19.

On June 19, 2018, Japan's C2C second-hand goods trading platform Mercari was listed on the Tokyo Stock Exchange for the first time, becoming Japan's largest IPO that year. It eventually closed at 5,300 yen, up about 77% from the issue price.

References

• 1. This project may be China's Mercari, but it is not just Mercari: Sohu [cited on 2016-03-06T16:00:00.000Z]
• 2. Mercari, a Japanese online shopping site, has such "weird" products: Jianshu [cited on 2018-01-15T16:00:00.000Z]
• 3. Build a flea market on your phone: Japanese e-commerce startup Mercari receives $21 million in Series C funding: NetEase [cited on 2014-11-09T16:00:00.000Z]