CamlistThe pet video marketplace has raised $ 1.3 million in a pre-seed round to raise funds that startups will use to develop the platform and expand their workforce. UAE entered earlier this year).
Unlike other marketplaces, Camlist (derived from the camera list) allows sellers to list the videos of their pets they want to sell. Once contacted, buyers and sellers will be able to use both video and text chat within the app.
NS market Currently, only pets are allowed to be listed, but in the near future, it will be diversified into other products.
“Job ads, or peer-to-peer commerce in general, have been stuck in the same old way of doing things since eBay was introduced. Since then, there hasn’t been any really significant innovation. Camlist co-founder and CEO. The responsible person, Moustafa Mahmoud, said:
“But Camlist is changing that. Every second-hand item has a story, so we’re turning the marketplace into a video experience.”
Mahmood is the safest way for anyone to find a pet by working with a third party to secure a validated health check and interest-free loan for those who cannot make one-time payments. He said he was building a method. Camlist has rehomed more than 6,000 pets so far.
“In-app GMV (Gross Merchandise Value) is growing 100% every two quarters, so it doubles every quarter, bringing the total GMV to about $ 2 million a month,” Mahmoud said. increase.
Y Combinator Dubai, United Arab Emirates, Last year, just before the Covid pandemic. The site turned out to be timely, and the site became popular as people were forced to stay home and bought their pets not only to deal with boredom but also because they had time to raise their pets. I got a pet.
“We are building a marketplace for each category, but we feel that the list of pets is very large and the service is not well-developed. As we grow, we will expand to a variety of items. “Mahmoud, who is also a computer scientist, said.
Other co-founders are: MaharefaI’m also the Chief Product Officer of a startup and have 16 years of experience building and scaling digital products. She is also the creator of MBC (Middle East’s largest free-to-air broadcaster) premier video platform and several other video streaming products.
Alsayed GamalCamlist’s Chief Technology Officer has 15 years of software engineering experience. He has knowledge and experience in mobile platforms, data engineering, DevOps, API design, microservices and serverless architecture.
Mahmood said the idea of launching a comelist was inspired by the need to counter the bad experiences he had when buying at a job site in Dubai, United Arab Emirates.
Job ads are popular because they are used by people to dispose of items in the foreign city of Dubai, but they also provide an opportunity for scammers to target unprotected people. To counter this, Camlist has an option for in-app payments — the funds will be released when the buyer confirms receipt of the pet. This feature prevents buyers from being fooled by blocking vendor spoofing scams.
Mahmoud and his other co-founders offer a marketplace where buyers can first experience the item of interest through video before making a purchase. This is in addition to ensuring that the buyer is protected from fraud and guaranteed high quality service.
The company also follows sellers on the platform to ensure that pets are kept or kept in a healthy environment and provide vaccinations, anthelmintics and microchips.
“We also support buyers and sellers by providing free vaccinations, microchips, anthelmintics, insurance and pet food. We strive to provide the best experience for buyers and sellers. “He said.
The startup has raised new funding from Y-Combinator. Technology Startup Accelerator, Act One Ventures; Early Venture Funds and Many Angel Investors from Houseparty, Mux, Facebook.
“We were really looking forward to investors who believe in our vision of building the market for the future, and welcome people who believe in this vision and are actually developing applications in the video industry. I’m really lucky to have this, “says Mahmood.
Camlist plans to enter the US market after gaining traction in the UK and believes that the US market will be a huge and important market for them.
“So our current state is a fairly large market, so it’s an expansion within the UK. And we can see the impact of what we’re doing here, but the market is big. As soon as we reach a certain stage of occupancy, we will begin expanding to the United States, “said Mahmood, who was born in Egypt and moved to Dubai with his family at the age of six. Year.
Pet video marketplace Camlist eyes UK growth after raising $1.3 million pre-seed funding – TechCrunch Source link Pet video marketplace Camlist eyes UK growth after raising $1.3 million pre-seed funding – TechCrunch