Paysfer Emart

Paysfer eMart is a New York based new e-commerce startup with novel fee and payment options

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Categories
Retail, Financial Services, Consumer Goods & Products, Technology
Min Investment
$100
Location
New, NY
Offering Date
April 09, 2021
Expected Close Date
July 08, 2021
Valuation
$20,300,000
Website
paysfer.com

Company Description

Paysfer emart is an online marketplace that provides the third party sales of all goods, offering lower commissions to our vendors and therefore lower prices to our customers.

Key Deal Facts

Started with a model to help 300+ US small businesses struggling with covid-19 downturn & 14 major US companies.
A college based theme with several NYU students, alumni on the team, extending the model to other college campuses.
A low flat fee charged to vendors, hence low prices compared to competitors.
Eliminating the warehouse house model with its impact on environment & extra truck traffic on US roads.

Management Team / Advisory Board Bios

Megan Reddy, Co-Founder & SVP Operations
I am most proud of being a Co-founder of Paysfer eMart, a graduate of UC San Diego and a graduate of NYU. E-commerce is a large and growing, evolving sector and there is an opportunity for a new novel concept platform to take significant market share. Customers, vendors are unhappy with some of the existing platforms in its business model and ideology, and are looking for a new company to align with.

Dandolu Reddy, Co - Founder and Chairman
A graduate of the University of Pennsylvania and as co-founder of Paysfer eMart we now have several novel concepts in e-commerce business model, which we plan to implement. It’s a big, growing sector and there’s an opportunity to be found.

Spencer Mullen, Head of Marketing
An NYU graduate. a dynamic team member with real time digital marketing, social media, and analytics experience. Previously worked for media company Den of Geek, was responsible for monitoring social media posts and traffic.

Vidhi Sanghvi, Product Manager
A team player with excellent communication and interpersonal skills as well as the ability to inspire individuals to work toward common goals and accomplish desired results.

Shivam Chaturvedi, CTO
A proud team member of Paysfer eMart who helped bring this idea into life through hard work and perseverance

Terra Stone Capital, Administrator
Amount Raised : $51,500
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