Merging the e-commerce and consignment industries to build the next eco-friendly Ebay
The current e-commerce market is segmented into two distinct arenas - new and used. This means that businesses spend a fortune managing reverse logistics and users have to use trusted third parties like Poshmark and The RealReal to buy second hand/used clothing. With this system, there is a massive amount of waste, both in the time spent by buyers and sellers but also in energy and carbon emissions in shipping items across the country and the world.
In Stage 1, we are validating whether existing solutions already exist, and proposing potential solutions.