You must have heard that e-commerce stores are everywhere but they are owned by companies such as Amazon and Walmart as well as others. However, if you are someone who needs to open your own e-commerce store then you need a lot of funding as well as the idea to make it succeed.
Also, the first question that will be asked to you while going for funding is what makes you different from already-established e-commerce companies. There is also a new trend of people selling their own products on different stores which are somewhat customized.
These are known as brand merchandize or “merch” in general terms and we know that people have been willing to buy these products in numbers. One of the main reasons being that people want to have something that their favourite creators are wearing as well as some like to support their creators since the profits for these products will go to them.
Therefore, one of the biggest platforms where you can have your own customized merchandise has just announced a new round of funding which is a Series A round of $5 million. The platform we are talking about is Moteefe.
The reason why people prefer Moteefe over others is that it provides an “end-to-end” technology solution while also giving you white-labelled Moteefe site or you can also create your own store using your own domain and control various aspects of your store. Now, you can say that this is very similar to what Shopify already does.
However, Moteefe is different in the way that you just have to upload the design and everything else will be handled by the company in terms of printing, payments, customer service while they take their commission from the sales. The company says that “This enables us to deliver 10,000s of products on a daily basis anywhere in the world with 1-2-day turnaround time.”