snailbuy.com

Founded in 2015 in Beijing, China, SnailBuy specializes in providing e-commerce solutions tailored for procurement. The company was established by Gengbin Zhang, who has previously been involved in other ventures.SnailBuy offers a unique platform designed to streamline the procurement process for businesses, providing an extensive range of products and services tailored to the needs of various industries. Its core offerings include a sophisticated e-commerce solution that facilitates bulk purchasing, inventory management, and supply chain optimization specifically for small to medium-sized enterprises.Revenue generation for SnailBuy is primarily driven through a subscription-based model, where clients pay monthly fees for access to the platform's comprehensive suite of services. Transactions typically occur between SnailBuy and its clients, with businesses engaging in direct procurement through the platform to acquire necessary products at competitive prices. The service includes various pricing tiers tailored to different business sizes, providing flexibility based on procurement needs. The company is targeting expansion into additional urban markets across Europe and North America by 2018, which includes launching features designed to facilitate international procurement. This strategic growth will focus on developing partnerships with key suppliers and exploring innovative procurement solutions to better serve its growing client base.

1. Angel

   Jun 27, 2016

   Amount

   Undisclosed

   Investors

   Locked