
Alwayz
Making mobile commerce 'Always'.
Date | Investors | Amount | Round |
---|---|---|---|
investor investor investor investor investor | €0.0 | round | |
* | KRW60.0b | Series B | |
Total Funding | 000k |
USD | 2022 | 2023 |
---|---|---|
Revenues | 0000 | 0000 |
% growth | - | 204 % |
EBITDA | 0000 | 0000 |
Profit | 0000 | 0000 |
EV | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x |
R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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Alwayz.co is an innovative e-commerce platform that operates in the South Korean market. The company's unique selling proposition is its ability to offer products at incredibly low prices, made possible through direct transactions with producers and a low platform fee. This eliminates unnecessary margins typically added at various distribution stages, allowing consumers to enjoy significant savings.
The company's business model is centered around group purchases, encouraging consumers to shop together to access even lower prices. This approach not only fosters a sense of community among shoppers but also drives volume sales for the platform. Alwayz.co also leverages an algorithm to boost sales volumes, ensuring sellers can still make a profit despite the low prices.
In addition to its competitive pricing, Alwayz.co also differentiates itself through its ongoing coupon events and other promotions, making shopping on the platform a fun and rewarding experience. While the platform is customer-centric, it also takes care of its sellers by charging a platform fee that is only a third of what other e-commerce platforms typically charge.
In summary, Alwayz.co is a customer and seller-friendly e-commerce platform that offers low-priced products through group purchases and direct transactions with producers. It operates in a high-volume, low-margin model, which is made sustainable through its advanced algorithm and low platform fees.
Keywords: E-commerce, Group Purchases, Low Prices, Direct Transactions, Producers, Low Platform Fee, High Volume, Low Margin, Algorithm, South Korea.