
1BRIDGE
Last-mile services platform that enables access to a range of products & services.
Date | Investors | Amount | Round |
---|---|---|---|
investor investor investor investor | €0.0 | round | |
* | $480k Valuation: $12.5m | Seed | |
Total Funding | 000k |
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1Bridge is a pioneering company focused on bridging the gap in rural retailing by providing an assisted commerce platform that connects rural consumers with essential goods and services. Operating primarily in the rural markets of India, 1Bridge serves customers who have limited access to e-commerce and digital services. The platform enables local entrepreneurs, known as 1Bridge Advisors (1BAs), to facilitate transactions for rural consumers, allowing them to place orders, make payments, and receive deliveries right at their doorsteps. This model not only enhances consumer convenience but also empowers local entrepreneurs by providing them with business opportunities.
1Bridge operates in the assisted commerce sector, targeting rural areas where traditional e-commerce platforms have limited reach. The company's business model revolves around leveraging local entrepreneurs to act as intermediaries between rural consumers and the broader market. These 1BAs use the 1Bridge Advisor app to assist customers in placing orders, making payments, and accessing various digital services such as bill payments and cash withdrawals. The company generates revenue through transaction fees and service charges, ensuring a sustainable business model while providing value to both consumers and entrepreneurs.
By addressing the unique challenges faced by rural consumers, such as long travel distances to access basic services, 1Bridge is making a significant impact on improving the quality of life in rural India. The company's innovative approach not only enhances consumer convenience but also fosters local entrepreneurship, contributing to the overall economic development of rural communities.
Keywords: assisted commerce, rural retailing, doorstep delivery, digital services, local entrepreneurs, 1Bridge Advisors, rural consumers, e-commerce access, transaction facilitation, economic development.