Renow
Renow unifies ecommerce returns and reselling and makes ecommerce more sustainable by providing local re-commerce as a service.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | €1.8m | Seed | |
| Total Funding | 000k | ||
| EUR | 2023 | 2024 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | 653 % |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| % profit margin | (500 %) | (103 %) |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Company filings or news article
Related Content
Renow.ai operates in the ecommerce sector, focusing on making online shopping more sustainable by unifying returns and reselling processes. The company serves ecommerce businesses looking to streamline their return logistics and resell returned items locally, thereby reducing waste and promoting sustainability. Renow.ai's business model revolves around providing 're-commerce as a service,' which includes handling returns, refurbishing products, and reselling them in local markets. This approach not only helps ecommerce companies manage returns more efficiently but also contributes to environmental sustainability by minimizing landfill waste. Renow.ai generates revenue through service fees charged to ecommerce businesses for managing their returns and reselling operations. The company targets online retailers who are committed to sustainability and looking for efficient ways to handle product returns.
Keywords: ecommerce, returns, reselling, sustainability, local markets, re-commerce, service fees, online retailers, waste reduction, logistics.