According to a recent report, the global e-commerce fulfillment services market size is expected to grow at 9.5% CAGR from $86.5 billion in 2021 through 2030. The continued adoption of e-commerce is resulting in the increase in the number of online buyers, especially in emerging economies. While Amazon remains the giant in the space, smaller companies are focusing on improving their tech stack to offer advanced fulfillment capabilities to other organizations.
>>>Anupam Rastogi: I’ll talk about a more recent investment. They’re in the privacy space. They’re helping developers develop code that is more privacy-friendly. There are a lot of these regulations including GDPR in Europe where you need to be careful about what data is being stored, how it’s being stored and processes. Developers have to manually think about that.
This company has built a set of scanners to understand the privacy implications. That has a lot of intelligence around understanding what libraries are getting called. We co-led the seed round there. This was more in the pilot stage. We connected them to several people from our network who are close to the space, we sat through some of those meetings and got a good handle that this seemed like a wide need.
>>>Sramana Mitra: Santa Clara was the first that adopted your technology?
Timothy Menard: San Jose was first.
Sramana Mitra: Let’s go into the mechanics of how you built the company from a financial engineering point of view. The first grant was $250,000. You got a second grant because of the discussions with Santa Clara and San Jose.
>>>Janam Mehta, Partner at Campus Fund and Venture Investments at JSW Ventures, discusses the progress of the Indian startup ecosystem.
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We’ve talked about niche, proprietary e-commerce brands and how entrepreneurs are building businesses around different concepts. Founder Eric Shannon shared the story of Big Barker, a dog bed for large dogs, with me in 2017.
Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from? Where were you born, raised, and in what kind of background?
Eric Shannon: I was born in Pennsylvania in a suburb about 45 minutes outside of Philadelphia. I went to Temple University. I was a Finance major. After school, I moved to California and took a job in banking. I hated it and was terrible at it. I had a couple of other jobs and eventually discovered the internet side of the economy. I became very attached to it. I started in that industry in 2004.
Entrepreneurs are invited to the 579th FREE online 1Mby1M Mentoring Roundtable on Thursday, June 16, 2022, at 8 a.m. PDT/11 a.m. EDT/5 p.m. CEST/8:30 p.m. India IST.
If you are a serious entrepreneur, register to “pitch” and sell your business idea. You’ll receive straightforward feedback, advice on next steps, and answers to any of your questions. Others can register to “attend” to watch, learn, and interact through the online chat.
You can learn more here and REGISTER TO PITCH OR ATTEND HERE. Register and you will receive the recording by email, even if you are unable to attend. Please share with any entrepreneurs in your circle who may be interested. All are welcome!
According to a JM Financial report, the pre-owned car market in India is set to more than double to 8.2 million units or $47 billion by 2026 from 4 million units or $17 billion in 2021. The growth in the market is also driving the growth of the used car vendors such as Spinny, which recently joined the Unicorn club.
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