April Underwood’s Local Marketplace Startup Nearby Raises $21 Million Series A

Last March, as the physical world went offline, April Underwood watched her neighborhood businesses struggle to survive as foot traffic evaporated and ordering everything from Amazon or Walmart became the national norm. Mom-and-Pop shops took phone orders or attempted the online pivot as Twitter activists supported Main Street by organizing Google spreadsheets of independent shops and restaurants open for businesses.

So in September 2020, she launched Nearby, a platform of hyperlocal marketplaces where users can buy from multiple local businesses online and checkout through one cart. Nearby started small with just 17 merchants in Oakland, California. The startup has since doubled the number of sellers on the platform which has seen more than $100,000 in sales to date. The startup just closed a $21 million Series A round which will help launch the startup into other markets.

Nearby offers free sign-ups to merchants and covers shipping and logistics. The company takes a fee for each transaction, which Underwood notes is “on the floor” compared to other online marketplaces where businesses can lose up to 30% of their margins because of fees and shipping costs. Austin and Charleston, South Caroline are set to be the next Nearby marketplaces, which the company chose based on the number of nominations made via the platform’s website.

🙌🙌

“I've had it with her’: McCarthy criticism of Liz Cheney caught on hot mic

천국에 보물을 쌓으십시오 RememberRighteousness

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

April Underwood’s Local Marketplace Startup Nearby Raises $21 Million Series AThe company helps bring local merchants online and takes care of the back-end logistics. I owe you an apology to ever doubt your sincerity and professionalism. It’s was just like a dream to me when I received my first payment. After my second payment it became a reality now after several payments it has become a way of life. LISATOWNSENDC Is she claire's unknown daughter
Source: Forbes - 🏆 394. / 53 Read more »

April jobs report will double the average forecast: Jefferies economist'What is everybody else not seeing?' One top economist details why Friday's jobs report will double the average forecast — and explains why she's comfortable being an outlier horrible
Source: BusinessInsider - 🏆 729. / 51 Read more »

Dow jumps 300 points to hit another record close ahead of key April jobs reportU.S. stocks rose on Thursday as investors awaited Friday’s highly anticipated jobs report to gauge the pace of the labor-market recovery. The Dow surged 0.92%. The S&P 500 rose 0.81%. The Nasdaq was up 0.37%. ClosingBell Nothing to do with jobs, market got excited about Corp tax rate “possibly” increasing to 25% instead of 28%. Imagine the amount of margins and leverage being used. If everyone is buying crypto and hedge funds are selling and moving to bonds, who is actually left buying stocks? Probably Blackrock... Maybe you should cover how most stocks are red and bleeding while the indexes are green.
Source: CNBC - 🏆 12. / 72 Read more »