Airfrov is a Singapore based startup that gets travelers to bring back overseas products for customers, eliminating many import and customs handling issues. Its distinctive business model works through the demands presented by the shoppers. The company has recently secured a funded of half a million dollars from East Ventures. The money gained by the funding will be used in improving product quality and hiring staff to fuel company expansion.
The CEO of the Airfrov, Cai Li, is proud to have the diverse community of people who like to shop. These shoppers visit the app daily and are a part of discovering and getting new products from different countries. The Airfrov team is working diligently to make the shopping experience better and enabling customers get foreign products at a faster rate.
Airfrov initiated in 2015, and its aim was to bring the shoppers and the travelers together. The shoppers were open to getting all kinds of exclusive stuff from abroad including bags, edibles, gadgets, fashion items and beauty products from anywhere in the world.
Airfrov facilitates shopping by 450,000 people on a monthly basis.
Over 3,500 travelers from across the globe get the desired items for the shoppers.
The startup claims to discover more than a 1000 products each week as the customers put their requests online and the people traveling put up their recommendations for the buyers. On average, there is a new request put online after every 2 minutes and its takes barely 3.5 minutes to get an offer from the person who is traveling to get the desired product for the buyer. The case is especially so in South Korea and Japan.
This platform is ideal for the shoppers and the buyers as it gives secure service through escrow payment method. This escrow payment method is reinforced by the verification of the seller and through peer reviews.
CEO of Airfrov is impressed and proud of its team. This platform of Airfrov does have a competitive advantage over the other marketplaces but it has a long way to go. The company has presence in major global cities including San Francisco, Jakarta, and Tokyo.
East Venture is providing the seed money to this startup as the whole venture seems promising.