OfferUp

OfferUp

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Buy. Sell. Simple. The easiest way to buy and sell locally. Need account support? We’re here to help at @OfferUpSupport. Learn more
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$120m

Valuation: $1.4b

Late VC
Total Funding000k

Recent News about OfferUp

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OfferUp is a dynamic startup that operates the largest mobile marketplace for local buyers and sellers. The company simplifies the process of buying and selling items within local communities, making it a trusted platform for millions of users. OfferUp allows individuals to browse and purchase a wide range of items, including furniture, electronics, and cars, from their neighbors. The platform is designed to be user-friendly, enabling users to check profiles, see ratings, badges, and transaction history, and securely message sellers to negotiate prices and arrange meetups.

OfferUp primarily serves individual consumers looking to buy or sell items locally. It operates in the peer-to-peer (P2P) market, which involves direct transactions between individuals without the need for intermediaries. This market is growing rapidly as more people seek convenient, cost-effective ways to buy and sell goods.

The business model of OfferUp is straightforward. The company makes money through various monetization strategies, including advertising, premium listings, and transaction fees. Sellers can pay for premium placements to increase the visibility of their listings, while buyers and sellers can also pay for additional features that enhance their experience on the platform.

OfferUp's mission is to create a marketplace that renews value, connects people, and empowers communities. The company fosters a strong, neighborly culture, encouraging team outings, informal gatherings, and family events to maintain a balanced and blended work-life environment. OfferUp is driven by a passion for continuous improvement and innovation, always seeking better outcomes for its users.

In summary, OfferUp is a leading mobile marketplace that connects local buyers and sellers, offering a simple and trusted platform for trading a variety of items. The company serves individual consumers in the P2P market and generates revenue through advertising, premium listings, and transaction fees.

Keywords: Local marketplace, mobile app, peer-to-peer, buying, selling, furniture, electronics, cars, community, secure transactions.

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Investments by OfferUp

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Letgo
ACQUISITION by OfferUp Mar 2020