WealthTech

Google Ventures backed Copious offers a Social Marketplace for Buying and Selling, Raised $7 Mn

Copious is a social marketplace for buying from and selling to people. Think eBay meets Facebook and Twitter. Copious was Co-Founded in 2011 by Jim Rose (CEO) and Rob Zuber. The company has received a total funding of $7 Mn through investors Foundation Capital, Google Ventures, Relay Ventures and some well known Silicon Valley angels.

Copious makesit easy for you to give away things you have in your home or closet that you no longer need, but your friends really want. Everyone has things in their home, closet or apartment that are valuable, but no longer useful to their owner. Copious allows users to put items up for grab, for their friends to take off their hands. copious1

How does it work?

  • Download the Copious app. 
  •  Take a picture of the item you’re looking to unload. 
  • Share it with friends you think might be interested in owning the item. 
  • Let friends claim your stuff, and take it off your hands. 
  • When friends share items with you, you’ll be able to claim their treasures for your very own too. 

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Poshmark is another company operating in this space. Poshmark is a mobile fashion marketplace built around real-time social experiences. Its parties are themed, real-time shopping events where people gather to shop, share, and sell fashion right through their smartphones. Poshmark’s community brings fashion lovers together to share their individual style, effectively turning every closet into a unique shopping experience.

Poshmark was Co-Founded by Manish Chandra, Tracy Sun, Gautam Golwala and Chetan Pungaliya in February 2011. The company has received a total funding of $15.5 Mn through investors Mayfield Fund, Inventus Capital Partners, SoftTech VC, SV Angel and Menlo Ventures.

Chiraag Patel

Chiraag Patel is a Senior Reporting Analyst and the Editor of Bitcoin and Virtual Currency channels at Lets Talk Payments. He is an engineer with deep interest in MMORPG, Virtual Banking, Game Currency and Virtual Cash. Chiraag enjoys Reading& Blogging with focus on New Innovation, Technology & Startups in the Payments Space.

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