8returns
The self-service returns center for eCommerce stores that want to automate their returns process and improve their customer experience.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
€800k | Angel | ||
| Total Funding | 000k | ||
| USD | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | 40 % | - |
| EBITDA | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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8returns is a startup that specializes in providing a comprehensive returns management platform for eCommerce businesses. The company aims to streamline the returns process, making it more efficient and user-friendly for both retailers and their customers. By automating tasks such as refunds, exchanges, store credits, and repairs, 8returns helps online stores save significant time and resources. This automation eliminates the need for cumbersome manual updates and Excel spreadsheets, allowing businesses to focus on other critical areas.
The primary clients of 8returns are eCommerce retailers who face the challenge of managing high volumes of product returns. These businesses operate in a highly competitive market where customer satisfaction and loyalty are crucial. By offering a seamless returns experience, 8returns helps these retailers enhance their customer service quality, leading to higher customer retention rates. This is particularly important as retaining customers is significantly more cost-effective than acquiring new ones.
8returns operates on a Software-as-a-Service (SaaS) business model. This means that clients subscribe to the platform and pay a recurring fee to use its services. The company generates revenue through these subscription fees, which can vary based on the size of the retailer and the volume of returns they handle. Additionally, 8returns may offer premium features or custom solutions at an additional cost, providing further revenue streams.
The platform also supports sustainability efforts by promoting paperless returns, which not only reduce environmental impact but also improve operational efficiency. By integrating with major logistics providers like DHL, 8returns ensures that the returns process is smooth and hassle-free for end customers, thereby reducing the number of customer support inquiries.
In summary, 8returns is a valuable tool for eCommerce businesses looking to optimize their returns process, improve customer satisfaction, and ultimately drive repeat sales. Its automated, user-friendly platform addresses a critical pain point in the online retail industry, making it a compelling solution for modern retailers.
Keywords: eCommerce, returns management, automation, customer retention, SaaS, sustainability, logistics integration, operational efficiency, customer satisfaction, subscription model.