A community-driven marketplace that connects users to exchange used items and access discounted deals. It reduces waste and promotes sustainable consumption by facilitating the transfer of goods at minimal cost, making secondhand shopping accessible and affordable. The platform is available on mobile devices, streamlining the process of finding and acquiring items through a user-friendly app.
Funding
$150K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional online marketplaces often involve monetary transactions, potentially excluding users who lack funds but possess valuable items or skills to exchange. Existing platforms may also lack engaging features, leading to decreased user participation and a less dynamic trading environment.
Solution
GiveAway is a mobile marketplace that utilizes a bidding system where users acquire bids by watching promotional videos, which they can then use to bid on items in auctions. Users spend only one bid at a time, and if they are the last bidder when the auction ends and the reserve price is met, they win the item. If the reserve price isn't reached, the bids are converted into a discount, allowing winners to purchase the item at a reduced price. This system allows users to acquire new items without directly spending money, fostering a community-driven exchange.
Target Audience
The primary audience includes individuals seeking to acquire new items without direct monetary expenditure, users interested in participating in online auctions, and businesses looking to promote products through the platform's bidding system.
Features
- Earn bids by watching promotional videos.
- Participate in auctions using bids, with each re-bid costing only one bid.
- If an item receives a bid within the last hour of the auction, the countdown resets.
- Win items for free if you are the last bidder when the auction ends and the reserve price is reached.
- If the reserve price isn't reached, bids are converted into a discount of up to 99%.
- Subscription option provides additional daily bids and increased chances of winning.