Chipi
All favorite products from all the favorite online retailers available in one place.
| Date | Investors | Amount | Round |
|---|---|---|---|
N/A | - | ||
| Total Funding | 000k | ||
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Chipi (chipi.co.il) operates as a localized e-commerce platform within Israel, aiming to streamline the consumer shopping experience. The company was founded by Yossi Tohar Yahid and Gil Yaniv.
The business model is centered on aggregating a wide array of products from various online retailers into a single, accessible marketplace. This approach targets online shoppers in the local Israeli market, providing a simplified process for finding and purchasing goods. Revenue is generated through the direct sale of these products, which range from household cleaning supplies to personal care items. The platform has been profitable since its inception and reported a forty-fold increase in sales since 2016.
Yossi Tohar Yahid, a co-founder, holds a Bachelor of Science in software engineering from UCLA and had previously founded and successfully exited another internet-based business. Co-founder Gil Yaniv graduated from Wilmington University with a degree in Business Administration and Marketing. His professional background includes senior management positions such as CEO and VP of Operations at various internet companies, where he gained substantial experience in online operation management, digital marketing, and business development.
The core service is an e-commerce website designed to reduce the complexity of online shopping. Key features include a simplified checkout process and a real-time customer service chat to assist shoppers. By localizing everything from language to product selection, the platform is tailored to its domestic customer base, differentiating itself from larger, non-localized e-commerce sites. The company has stated its interest in expanding its proven model to new markets.
Keywords: e-commerce platform, Israel online retail, consumer goods, online marketplace, localized shopping, direct-to-consumer, digital retail, household products, personal care e-commerce, simplified checkout, online shopping aggregator, Israeli e-commerce, retail technology, Yossi Tohar Yahid, Gil Yaniv, online sales, web-based retail, consumer shopping, e-tail, digital storefront