Grabr Inc.

Based in the US, Grabr Inc. connects shoppers with travelers, facilitating the acquisition of products that are not easily available or are too costly in local markets, creating a unique peer-to-peer shopping experience. Grabr Inc. is a peer-to-peer delivery service that links shoppers with travelers for the delivery of international products.

Founded in 2015 and headquartered in San Francisco, US, the company has engaged in 7 deals, with the most recent occurring on February 5, 2021. In this Series B funding round, Grabr raised USD 1. 32 mn, bringing the total amount raised to USD 1. 32 mn and the current company valuation to USD 3.

116 mn. The firm was founded by Artem Fedyaev, who also serves as the CEO, and there are no known subsidiaries or parent companies associated with Grabr. Grabr offers a unique peer-to-peer delivery service that connects shoppers with travelers to facilitate the acquisition of products that are not readily available or are prohibitively expensive in the shoppers' local markets. Users can create orders for specific items, allowing travelers to bid on the delivery, which fosters a community-driven marketplace.

This model empowers shoppers to obtain a wide array of products, from consumer goods like baby clothes and tech gadgets to specialized items, thereby addressing significant barriers to international shopping. Grabr primarily targets shoppers in countries where access to international products is limited while providing travelers with an opportunity to monetize their luggage space. The geographical markets served by Grabr include North America, South America, Europe, and parts of Asia, enhancing global accessibility to consumer goods. Grabr's revenue model is centered around transaction fees generated from the delivery service.

When a shopper places an order, they agree on a monetary reward for the traveler who fulfills the delivery, which includes all applicable taxes and fees calculated by the platform. This structure effectively creates a marketplace where the shopper pays for the item plus the agreed delivery fee, and the traveler receives their reward upon successful delivery. The firm capitalizes on the demand for international products, leveraging the community aspect of its service to foster repeat transactions, maximizing revenue potential through a direct-to-consumer approach. In February 2021, Grabr raised USD 1.

32 mn in Series B funding from unspecified investors. The company plans to utilize this funding to enhance its platform and expand its operations into new geographic regions. Specific target markets for expansion include additional countries in Europe and Asia, with a focus on increasing accessibility to international products for consumers in these areas. Grabr aims to launch new features within the platform to streamline the shopping experience and improve user engagement, although specific release dates for these upcoming products have not yet been disclosed.