Offerup: An Online Buy and Sell Locally C2C marketplace

Looking to clean your house, catch great deals, or simply connect with local buyers & sellers? There are many platforms offering buying & selling services, including Craigslist, eBay, Poshmark, Amazon, and many more. Offer up is most suited platform to buy and sell in the C2C marketplace.

Well, what if we say that one such amazing platform offering similar services is Offerup? Yes, this is the ideal platform for buying and selling especially if you are targeting C2C.. The platform makes local transactions easier through its user-friendly interface and secure transaction process. No matter whether you want to sell used furniture or buy something unique, this platform connects you with people near your community, ensuring hassle-free communication. 

Therefore, today, in this guide, we’ll discuss relevant details about this platform, and also how it helps in making the most of local buying & selling. So, keep scrolling through the guide!

Unlock The Potential of Offerup Buying and Selling

Founded by Nick Huzar in 2011 as a competitor to Craigslist, Offerup is an online mobile-first C2C marketplace with an emphasis on in-person transactions. In other words, this website offers a mobile and online marketplace platform for individuals to purchase and sell electronics, furniture, and vehicles. 

Further, it allows users to sell items in a Facebook-like marketplace to friends, followers, people nearby, like-minded people, moms groups, and Craigslist using phones or tablets, view local items with new postings every day; and chat with buyers and sellers. 

Moreover, in 2015, the platform was honored as one of the Hottest Startups by Forbes, and since then, it has become a prime marketplace for users to buy and sell items. Based out of Bellevue, Washington, this platform is already being utilized in several major cities across the United States, with further plans to extend its usage to other parts of the world.

Highlighting the Key Aspects of Facebook-like Marketplace

How About the Rise of Offerup

Since its establishment in 2011, the company has caught the attention of a wide audience and has seen a great rise in its turnover. This is purely the result of the hard work, commitment, and dedication of its employees. Below are some facts & figures discussing the evolution of the platform since its establishment. 

• The website’s average daily time spent per user in the United States went up from 12 minutes a day in November 2014 to 25 minutes in June 2015, equal to Instagram and Snapchat, yet more than Twitter and Pinterest.

• It reported 33 million users as of October 2017 and more than doubled its transactions from $2.9 billion in 2015 to over $14 billion in 2016.

• Employee numbers at the company are also increasing and have been from 11 employees in 2015, then 67 the same year, and 218 employees as of January 2018.

• The Offerup app has been downloaded approximately 90 million times as of June 2021. The company had 20 million monthly active users and 260 employees as of September 2021, according to reports.

The Funding Management of the Platform

Offerup has by far raised more than $221 million in total funding, after raising $130 million in a series of funding in 2016. Among them are many investors, including Andreessen Horowitz, Warburg Pincus, GGV Capital, Altimeter Capital, Jackson Square Ventures, Allen & Company, Tiger Global Management, T. Rowe Price, Quixotic Ventures, Alliance of Angels, Third Kind Venture Capital, Vy Capital, Coatue Management and Max Levchin; angel investors Serena Glover, Andrew Wright, and Rudy Gadre. The firm also raised another $120 million through the acquisition of Letgo in March 2020. The total funding raised as of December 2022 stands at $381 million.

The USPs of Offerup

The platform brings together local people for buying and selling purposes. Similar to other platforms, this website also has its selling points due to which it has been widely recognized by users around the world. With this, we’ve listed some key aspects of the platform. 

• Whether iOS, Android, or Web, this platform allows users to access the website as they want. 
• The website features large collection of photos of products for sale via a scroll interface.
• The platform also optimizes the products for sale according to the nearest geo-location of the users, thus enabling face-to-face interactions. 
• The website offers a “Bump” feature, allowing users to move their product directly to the top of the queue for increased visibility. 
• Transactions are safer using the website’s in-house payment option. 
• It offers an in-app messaging feature for direct contact between the buyer and seller.

Awards and Recognition

Over the years, many awards have been achieved by Offerup. These awards are a reflection of their dedication, commitment, and hard work. Some of the major achievements of the platform are listed below. 

• In 2019, the Eastside Business of the Year award was received.
• The CEO of 425 Business was named CEO of the Year in 2017.
• In 2017, the Seattle Business Tech Impact Gold Award was won in the Consumer category.
• The Geekwire App of the Year Award was received in 2016.
• Seattle Business Tech Impact Silver Award (Consumer/Retail) was received in 2016.
• Seattle Business ranks the top 100 best companies to work for in 2016.
• 2015 Finalist for Geekwire’s Start of the Year Award.

Last But Not The Least

In this guide, we’ve provided information about Offerup, which is a platform where users can buy or sell various items. Alongside this, we’ve also discussed its growth, funding management, and achievements. Further, we’ve also shed light on some of the key features of the platform. Cherry on the top – this platform can be accessed on iOS, Android, and Web, and it depends on you, how and when you use the platform. Of course, if the platform is accessible on mobile phones, it also has an app, which can easily be downloaded from the Play Store.

Lastly, users who have read the guide to the last, we hope you found this guide helpful and now you will be able to buy or sell items easily! 

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