Executive Summary: ClassPass is a fitness platform that partners up with local gyms and studios to offer classes to fitness enthusiasts. Classes include activities such as boxing, cycling, or yoga. The service is available via the ClassPass website as well as through the company’s Android and iOS apps. The business model of ClassPass is based … Read more
Executive Summary: StockX is an online marketplace that facilitates the sale of rare apparel and collectibles. Because the company deals with luxury items, it furthermore handles both the authentication process as well as proper shipment. The business model of StockX is based on charging sellers a percentage fee for every sale they make on the … Read more
Executive Summary: Convoy is a freight brokerage platform that facilitates bookings between shippers (that need to transport goods) and carriers with available loads. Contrary to traditional freight brokers that still rely on manual processes (e.g. telephone, email or faxes), Convoy utilizes software to automatically match shippers and carriers. The business model of Convoy is based … Read more
Executive Summary: Wish is a mobile-first e-commerce platform that connects interested buyers with international sellers (mainly from China). The app utilizes an algorithmic feed along with different psychological “tricks” to boost sales. Wish makes money via sales fees, logistics services offered to merchants, and by selling ads (called ProductBoost) on its platform. Founded in 2011, … Read more
Executive Summary: Poshmark is a marketplace where merchants offer fashion-related items to interested buyers. The company differs from other operators (e.g. eBay) by incorporating social elements, such as likes and followers, into the platform. Poshmark makes money via commissions on peer-to-peer sales, its premium boutique service, as well as by taking a cut on products … Read more
Amazon, eBay, Airbnb, or Uber are just a few of many companies operating as an online marketplace. Customers love them for their abundance of choice and shopping convenience. What you may not know is that these examples (as well as many other marketplaces) have become some of the biggest and most valuable companies in the … Read more
FlixBus is one of Europe’s leading mobility platforms, enabling consumers to take cheap inter-city travels via bus and train. But how a fairly young upstart challenge the many existing and well-established operators in the old continent? And how does FlixBus generate its revenue? Let’s dive into its platform, history and business model in more detail. … Read more
Southeast Asia’s online economy hit $100 billion for the first time this year according to Google and Temasek. By 2025, it is projected to triple that. One of its major players is Singapore based Lazada. This article will cover how the company operates, its founding history and the various ways it makes money. How Lazada … Read more