Achievo Corp.

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Achievo Corp. - overview

Location

Milpitas, CA, US

Primary Industry

Software

About

Achievo Corp. is a digital real estate company specializing in the buying and leasing of domain names, providing secure and flexible options for businesses and individuals to establish their online presence. Achievo Corp. operates as a digital real estate entity, focusing on the buying and leasing of domain names.


The company is headquartered in Milpitas, US, and has undergone changes in its business strategy to enhance its service offerings. Achievo Corp. raised USD 3. 76 mn in VC funding from HealthCare Ventures on March 31, 2009, marking an important milestone in its growth journey.


Achievo. com specializes in the sale and leasing of domain names, offering a streamlined and secure platform for individuals and businesses seeking to acquire digital real estate. Their core offerings include a direct purchase option for domains, a lease-to-own plan, and the opportunity to submit offers for domain acquisition. The platform is designed to cater to a diverse clientele ranging from startups and small businesses to established corporations looking to enhance their online presence.


Customers can choose from flexible payment options, including a one-time purchase price or monthly lease payments, which facilitate access to premium domain names. Achievo. com serves a global market, ensuring that users can transact in their local currencies during the checkout process. Achievo.


com generates revenue primarily through the sale and leasing of domain names. The transaction structure involves direct-to-consumer sales, where customers can either purchase domains outright or opt for a lease-to-own arrangement, which is billed monthly. For instance, a customer interested in the domain Achievo. com has the option to pay a one-time fee of USD 24,111 or choose to lease it at a rate of USD 2,412 per month.


Each transaction includes additional services such as secure payment processing and transaction support, which enhance the overall customer experience. The company's revenue model is built on providing a hassle-free and secure transaction environment, catering specifically to the needs of businesses and individual entrepreneurs in various international markets. Achievo Corp. aims to leverage its recent funding of USD 3.


76 mn from HealthCare Ventures to expand its offerings and enhance its platform. The company is exploring the development of new products to streamline domain leasing processes and improve user experience. Additionally, there are plans for expansion into new markets, specifically targeting emerging economies in Asia and Europe by the end of 2010, capitalizing on the growing demand for digital real estate.


Current Investors

HealthCare Ventures, Tsing Capital

Primary Industry

Software

Sub Industries

Software

Website

www.achievo.com

Company Stage

Series B

Total Amount Raised

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