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Levitt: Making On-line Purchasing Extra Gratifying and Reasonably priced
Seoul-based e-commerce agency Levitt, operator of buying app All the time, is revolutionizing the online buying expertise by incorporating social options and gamification. With its present $46 million Collection B funding spherical led by DST Worldwide Companions, Levitt goals to extend the leisure worth and affordability of its clients.
Introducing All the time: A Social E-Commerce Platform
All the time is an e-commerce platform that goes past the normal mannequin by providing all kinds of merchandise starting from day by day groceries to dwelling home equipment, attire and cosmetics. What units All the time aside is the incorporation of social options and gamified parts into the buying expertise, making it extra participating and pleasant for buyers.
A Distinctive Shopping for Experience With Gamification
All the time units itself aside by offering clients with a chance to earn rewards by means of numerous video games and actions. For instance, clients can play video video games and nurture the pig character Don-Don-E to earn rewards. As well as, All the time launched a function known as AI-Farm, the place customers can domesticate digital crops and obtain real-life crops as rewards. The platform additionally just lately launched Shorts, a function that enables customers to observe quick movies and in return obtain reductions on their purchases.
Low value and C2M model
Considered one of All the time’s methods to draw clients is to supply low-priced merchandise. The platform employs a consumer-to-manufacturer (C2M) mannequin, eliminating middlemen comparable to distributors and logistics corporations. By connecting shoppers instantly with producers or producers, All the time can present prime quality merchandise at reasonably priced costs. This technique permits the platform to get a mean product promoting value that’s round 20% cheaper than different e-commerce platforms.
Search-based buying attract
Levitt believes its video video games and social options assist clients have interaction with the All the time app daily, even after they do not have fast buy intentions. By leveraging the excessive engagement of shoppers, All the time exposes them to all kinds of merchandise by means of its advice algorithm. This discovery buying experience permits clients to search out and purchase devices from lesser-known producers as nicely.
Top quality assurance by means of suggestion algorithms
Levitt ensures that the low priced merchandise on All the time keep prime quality by means of its advice algorithms. These algorithms primarily assess all devices based mostly on parts comparable to conversion charges and purchaser repurchase charges. Solely after a product has confirmed its prime quality will or not it’s extensively launched to clients, thereby making certain a steady degree of product high quality on the platform.
progress and growth plans
Since its launch in September 2021, All the time has skilled speedy progress, attracting 7 million customers, with 2.5 million month-to-month energetic customers and 1.3 million day by day energetic customers inside a 12 months and a half. Levitt goals to succeed in the bold milestone by the tip of 2023 with a goal of over 12 million registered clients, 5 million month-to-month energetic clients and three million day by day energetic clients. The platform presently boasts of round 20,000 registered sellers. ,
The visionary and visionary of the Levitt founders
Levitt founders Jaehyun Kang, Sangwoo Park and Hyunjik Lee have their eyes set on two necessary objectives: to determine Levitt as South Korea’s main e-commerce agency and seize a big share of the worldwide search buying market. Doing. Levitt’s distinctive enterprise mannequin aligns it extra intently with worldwide platforms comparable to Pinduoduo and AliExpress, whereas dealing with competitors from native rivals comparable to Coupang, By no means and Kurly.
US market progress
Trying forward, Levitt plans to develop past its dwelling nation and convey the All the time platform to the US market within the close to future. The transfer displays Levitt’s ambition to make a world influence and supply its distinctive buying experience to a wider viewers.
Acceptance of Alvez’s progressive technique
The revolutionary technique of Alvez and Levitt didn’t go unnoticed. Bond’s common companion, Daegwon Chae, praised All the time for getting into a mature and environment friendly market by specializing in private experience, engagement and worth. Disrupting the online buying panorama required offering a greater, faster and cheaper experience, which All the time has achieved.
normal query
What’s Levitt?
Levitt is a Seoul-based e-commerce agency that operates the buying app All the time. It goals to make the net buying expertise extra pleasant and reasonably priced by incorporating social options and gamification.
How does All the time differentiate itself from conventional e-commerce platforms?
All the time stands out by together with social options like video video games and quick movies into the buying expertise. It rewards clients who have interaction with these amenities and gives low-cost merchandise by means of its direct consumer-to-manufacturer (C2M) mannequin.
How does All the time assure the standard of its low-cost merchandise?
All the time makes use of advice algorithms to guage the usual of issues on its platform. Solely after the prime quality of a product is confirmed, will probably be extensively launched to the shoppers. This technique helps in sustaining the general high quality of the merchandise at All the time.
What are Levitt’s progress plans?
Levitt goals to safe over 12 million registered clients, 5 million month-to-month energetic clients and three million day by day energetic clients by the tip of 2023. The corporate can be planning to develop its platform to the US market.
Who’s the founding father of Levitt?
Levitt was based by Jaeun Kang, Sangwoo Park, and Hyungik Lee.
conclusion
Levitt, the operator of the All the time Purchasing app, is reshaping the net buying panorama with its distinctive strategy. By combining social options and gamification, All the time gives an entertaining and fascinating expertise to clients whereas giving them entry to all kinds of merchandise. The platform’s affordability, prime quality assurance, and deal with discovery-based buying set it other than conventional e-commerce platforms. With its present investments and plans for international progress, Levitt goals to determine itself as a number one e-commerce firm in South Korea and seize a better share of the worldwide search buying market.
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