Verishop

E-commerce platform for unique products

Santa Monica, California, United States

About Verishop

Verishop is an e-commerce platform that offers a curated selection of high-quality products in categories like fashion, home decor, beauty, and skincare. It primarily targets customers who are interested in unique and emerging brands. The platform operates on a direct-to-consumer model, selling products directly to customers through its website, which helps keep prices competitive while ensuring quality. Verishop stands out from competitors by focusing on lesser-known designers and brands, providing a space for small businesses to thrive. Their strategy includes regularly updating inventory with new and trending items, enhancing the shopping experience with easy navigation and detailed product descriptions. The goal of Verishop is to connect consumers with unique products while supporting emerging designers and small businesses.

Santa Monica, CaliforniaHeadquarters
2018Year Founded
$68.1MTotal Funding
SERIES_BCompany Stage
Consumer Software, Consumer GoodsIndustries
51-200Employees

Risks

Competition from e-commerce giants like Amazon could dilute Verishop's market share.
Sustainable shopping trends may pressure Verishop to enhance sustainability practices, increasing costs.
Economic downturns could reduce consumer spending on luxury and non-essential items.

Differentiation

Verishop focuses on emerging brands, offering unique products in fashion and home decor.
The direct-to-consumer model allows Verishop to maintain competitive pricing and quality standards.
Verishop's Verified Shops initiative enhances brand credibility and attracts emerging designers.

Upsides

Acquisition of Trendalytics enhances data analytics capabilities for better consumer trend understanding.
Partnership with Snapchat integrates social commerce, boosting customer engagement and sales.
$40 million Series B funding supports technology investment and emerging brand support.

Funding

Total raised$68.09 M
Latest valuation$200.00 M
StageSERIES_B
SERIES B
6/30/2022
$40
$200.00 M
$18
$87.50 M