Xariable, Inc.
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Xariable, Inc. - overview
Established
2017
Location
Columbus, OH, US
Primary Industry
Software
About
Xariable, Inc. is a US-based company that provides specialized returns management solutions for ecommerce brands, enhancing customer experiences while minimizing costs associated with returns. Xariable, Inc. operates under the brand name Loop Returns, focusing on returns management solutions for ecommerce.
Founded in Columbus, US in 2017, the company has utilized its platform to streamline returns for over 5,000 brands in 18 countries. The company was established by a group of founders, including Alex Zai and Jonathan Poma. In its latest funding round, the company raised USD 65. 00 mn in a Series B, led by Crv, bringing the total amount raised to USD 65.
00 mn with a current valuation of USD 320. 60 mn. Loop Returns specializes in returns management solutions designed specifically for ecommerce brands. Their core offerings include automated returns processing, seamless exchanges, and robust analytics capabilities.
With a focus on enhancing the customer experience while mitigating costs for merchants, Loop allows users to turn refunds into exchanges and manage warranty claims efficiently. Their platform integrates with various logistics and shipping applications, enabling businesses to customize their return policies through a no-code workflow builder. Loop Returns operates on a partnership and subscription-based revenue model, focusing on Business-to-Business (B2B) transactions. Clients pay for access to the platform, which includes features for automating returns and managing customer interactions effectively.
The company has retained over USD 2. 4 bn in sales for its clients, underscoring its role in enhancing revenue recovery through efficient returns processing. On December 10, 2024, Xariable, Inc. agreed to acquire Wonderment, Inc.
, which will provide customers with more transparency regarding their orders and address concerns effectively. The funding from the Series B round will support this acquisition and enhance the company's service offerings as it continues to expand its presence in the ecommerce market.
Current Investors
Ridge Ventures, FirstMark Capital, Lerer Hippeau Ventures
Primary Industry
Software
Sub Industries
Web Applications, Customer Relationship Management, Content Management Software, Application Integration Software
Website
www.loopreturns.com
Verticals
Artificial Intelligence, Cloud Computing
Company Stage
Series B
Total Amount Raised
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