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Grabr.io

Shop Anywhere, Travel Everywhere

USA, California
Market: Trade, Tourism, sport, Services, Another
Stage of the project: Operating business

Date of last change: 05.03.2020
Min investment
$  20.000
Show contacts
Total required
$ 250.000
Rating
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Idea

Grabr is a simple and reliable way to find travelers who will buy and deliver your products from anywhere in the world. Shopping at the customers preferred location is not a problem, and no need to worry about extra costs like customs duties, and complex calculations of volume and weight. You can purchase any product on Amazon or order your favorite wine from Spain, just download the Grabr application on to your phone and place an order.

Current Status

Curious facts about Grabr
Convertible note with a $7,5М cap
Market size: $ 694M (opportunities based on user registrations and placed orders on the Grabr P-to-P platform).
Total Sales (GMV 2019): $ 18M
Revenues: $ 1,7M
Average customer check: $ 158
Travelers earn: $ 300- $ 900 for 1 trip (Students, travelers, airline employees, business travelers)

Investments
Among the investors are PayPal co-owner Kevin Hartz, Russian billionaires Konstantin Nikolaev and Alexei Repik, American venture capital fund, Foundation Capital
$ 1M investment by SDVentures international venture capital fund in the form of a convertible loan in 2019

Market

Grabr is a P-to-P platform that allows you to order goods from 65 countries and deliver them with the help of travelers.

GMV $18M
Revenues $1,7M

Problem or Opportunity

500 million items are not available for delivery from renowned USA stores - including Amazon, eBay, etc. People do not have access to these goods in some countries, these goods can cost crazy money or stores just don’t deliver to countries like Brazil, Argentina, CIS countries, etc..

The high cost of the product (due to shipping costs, duties, VAT)

Time of delivery

Solution (product or service)

Grabr delivers goods with the help of travelers.

Over 1.3 billion travelers worldwide. Almost every traveler can deliver goods for someone for free. Grabr allows you to earn on this service.

The buyer saves money due to the simplified delivery procedure.

In the future Grabr intends to integrate with Ebay and Amazon.

Competitors

Бандеролька, Shipito или Почтой.ком

Advantages or differentiators

500 million items are not available for delivery from renowned USA stores - including Amazon, eBay, etc. People do not have access to these goods in some countries, these goods can cost crazy money or stores just don’t deliver to countries like Brazil, Argentina, CIS countries, etc..

The high cost of the product (due to shipping costs, duties, VAT)

Time of delivery.

Finance

Market size: $ 694M (opportunities based on user registrations and placed orders on the Grabr P-to-P platform).

Total Sales (GMV 2019): $ 18M

Income: $ 1,7M

Average customer check: $ 158

Travelers earn: $ 300- $ 900 for 1 trip (Students, travelers, airline employees, business travelers)

Avg. Order Value Take Rate (Blended) Gross Revenue
Gross Profit Per Grab $13.81
Grabs Per Year Per Shopper 4.4 Orders
Annual Value Per Shopper $60.78
CAC $13.25
Payback 2.6 Months

Business model

P-to-P platform that allows you to order goods

Money will be spent on

Exit in Q4 2020 at price round $ 7M +

Offer for investor

preferred shares

Risks

no

Incubation/Acceleration programs accomplishment

Board advisors and investors: Charles Moldow Investor, Board member, Kevin Hartz Advisor, Investor, PayPal, Alex Garden Advisor, Investor, Zume, Geoff Donaker Advisor, Strategy

Won the competition and other awards

FORBES Under 30 Consumer Tech winners of 2019 https://www.forbes.com/sites/bizcarson/2018/11/13/30-under-30-consumer-tech/#7b40a62a1eb9
Charles Moldow, Foundation Capital: https://foundationcapital.com/member/charles-moldow/
Chris Farmer, SignalFire VC: https://www.signalfire.com/human/chris-farmer/
Alex Garden, SignalFire VC: https://www.businessinsider.com/inside-story-what-went-wrong-softbank-backed-zume-pizza-2020-1?IR=T
Kevin Hartz, Founders Fund: https://en.wikipedia.org/wiki/Kevin_Hartz
Dmitry Volkov, SDV: https://www.forbes.ru/tehnologii/389381-cifrovoy-kochevnik-kak-filosof-iz-moskvy-zarabotal-sostoyanie-v-750-mln-na
Gokul Rajaram, Square: https://angel.co/gokul
Javier Olivan, Facebook: https://www.wired.com/story/facebook-just-tapped-the-next-mark-zuckerberg/
Oliver Samwer, Rocket Internet: https://www.forbes.com/profile/oliver-samwer/#20f623dd96ad

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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video