This startup utilizes data analytics and a global network to match B2B sellers of surplus retail goods with buyers, addressing the issue of excess inventory that often ends up in landfills. By sourcing in-demand products and organizing supply data, the company enables efficient recovery and resale, reducing waste and enhancing brand value.
Funding
$2.5M 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.
PATVFounders
Product
Problem
Retailers and brands face a growing problem of excess inventory, including returns and overstocks, which often end up in landfills or are resold at significantly reduced values. The global volume of this excess is substantial and increasing rapidly, leading to both financial losses and environmental concerns.
Solution
Stocs provides a technology-driven global marketplace that connects B2B sellers of surplus retail goods with bulk buyers to optimize recovery and resale. The platform aggregates product demand data from its buyer network and uses this information to source suitable supply from retailers and brands. Stocs' software cleanses and organizes product data, providing buyers with the information needed to make informed purchasing decisions. By matching supply with demand, Stocs aims to reduce waste, enhance brand value, and provide a more planet-friendly solution for reverse supply chains.
Target Audience
The primary target audience includes retailers and brands with excess inventory, as well as bulk buyers seeking discounted retail goods.
Features
- B2B trade platform (bulk.stocs) offering bulk deals in various volumes (box, pallet, truckload, container).
- Consumer platform (buy.stocs) offering deals on Grade A retail products with discounts.
- Auction platform (bid.stocs) for bidding on single items or bulk lots of retail goods.
- Platform (bit.stocs) for harvesting faulty products for spare parts.
- Global buyer network across the US, EU, and other regions.
- Data-driven sourcing based on aggregated buyer demand.
- Product data cleansing and organization for buyer confidence.