*๐๐ถ๐๐ฐ๐ผ๐ป๐๐ถ๐ป๐๐ฒ๐ฑ ๐ถ๐ป ๐ฎ๐ฌ๐ฎ๐ฐ*
Put simple, bandit was a social marketplace - comparable to TikTok Shop (before it existed) with "buy-together" superpowers (word-of-mouth virality to merchants, group deals to consumers).
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๐๐ข๐ก๐๐๐ฃ๐ง
More than 500 quality brands got to showcase their products to thousands of new potential customers (for free) and sell volumes D2C (10% fee from successful orders). Consumers did the marketing by sharing with others to join in within 48h (urgency) and fill up the group orders together.
On the other side, consumers could discover new quality products in a TikTok-like feed and have the thrill while rushing to fill up the groups (payments were reserved, if groups were unsuccessful - reverted).
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๐ฆ๐ง๐ข๐ฅ๐ฌ
Built with a "billion or nothing" mindset by a capable team (serial founders, ex-Revolut, Zalando, Bolt, Meta, Uber, etc.), we raised โฌ1.6M Pre-Seed and launched bandit's backoffice and marketplace app. During 4-months beta:
โข 60 quality merchants onboarded
โข 25,000 users joined (0.5% of pilot market; no paid ads)
โข 14,000+ orders placed (โฌ300K GMV)
โข Partnered with Carrefour (โฌ85Bn Ann. Rev.) & Zall Group (โฌ16Bn Ann. Rev.)
bandit became the fastest growing marketplace globally, to date. Despite being piloted in a small market - Norway (5M people).
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๐๐๐๐๐ฆ๐๐ข๐ก ๐ข๐ ๐๐๐ข๐ฆ๐จ๐ฅ๐
Within 2 months, our team pitched to 140+ VCs (80+ inbounds from the likes of Accel, General Catalyst and Felix Capital) while runway was burning down and business was being neglected.
The growth slowed down, angels still wanted to start the Seed party but not VCs.
We closed down, took the learnings & moved on.
Hope to see you on the other side,
with โค๏ธ from bandits.
Company Details
- Employees
- 1
- Founded
- -
- Address
- Oslo, No
- Industry
- Internet Marketplace Platforms
- NAICS
-
Wholesale Electronic Markets and Agents and BrokersBusiness to Business Electronic MarketsWholesale Trade Agents and Brokers
- Website
- http://banditapp.webflow.io/
- Keywords
- Social commerce, Consumer app, Exploration buying, Shoppable videos, Group buying, Producer-to-consumer, M2C, Manufacturer-to-Consumer, Discovery shopping.
- HQ
- Oslo
Bandit App Questions
Bandit App's website is http://banditapp.webflow.io/
Bandit App's LinkedIn profile is https://no.linkedin.com/company/bandit-app
Bandit App has
1 employees.
View email and phone details for 1
employees at Bandit App.
Bandit App's industry is
Internet Marketplace Platforms
Bandit App's top competitors are
Quickorder,
Aritma,
Miguel Correia,
Testr Medical,
Advokatfirmaet Fusche Jenssen As,
Digg Pizza,
&hamlet,
Boardy,
Foundraisr,
Askeladden & Co.
Bandit App's categories are Internet Marketplace Platforms
Bandit App's founding year is 2022
