Tictail

Last updated

Contents

Tictail AB
Tictail Logo.png
Type of business Private
Type of site
Online Marketplace
Available inEnglish, French, German, Spanish, Swedish
Founded2012;10 years ago (2012)
Headquarters Stockholm, Sweden
Area servedWorldwide
Founder(s) Kaj Drobin, Siavash Ghorbani, Birk Nilsson and Carl W Rivera (born Waldekranz)
CEOCarl W Rivera
Industry Internet
URL tictail.com
Current statusClosed (as of 1 April 2019)
Native client(s) on iOS, Android

Tictail was a social shopping website for shoppers to discover emerging designers around the world. For brands, the platform was a DIY e-commerce tool focused on strong community integration, simplicity of use, and attractive, customizable design. With no need for coding or web-design experience, small business owners were given the tools to build global brands. For shoppers, Tictail was a destination to discover and shop home decor and fashion finds from a global community of emerging designers. Founded in Stockholm, Tictail currently has offices in both Sweden and New York where it opened its first brick-and-mortar store in January 2016.[ citation needed ] In November of 2018, Tictail was sold to Shopify. [1] The acquisition by Shopify also resulted in Tictail’s brick-and-mortar store in New York City closing. [2]

History

Founded in 2011 [3] in Stockholm by Carl W Rivera, Kaj Drobin, Siavash Ghorbani and Birk Nilsson, Tictail was dubbed ‘the Tumblr of e-commerce’ by Wired Magazine in 2012 [4] when the company was listed as one of ‘Europe's 100 hottest start-ups’. [5] Tictail is built as a DIY e-commerce platform empowering emerging designers to set up a virtual store in minutes. Tictail focuses on strong community integration, simplicity of use and stylized, customizable design.

In September 2013, Tictail opened up its platform, allowing third party individuals to develop Tictail apps that all users can purchase to add extra functionality to their store. [6]

In September 2014, Tictail launched its first iPhone app, [7] to offer shoppers the opportunity to browse the full catalog.

In May 2015, Tictail became the first e-commerce platform to allow brands to start an online store directly on their mobile phones. [7] In October 2015, Tictail launched Tictail Talk [8] a messaging platform for shoppers to communicate directly with brands, and vice versa.

In July 2015, Tictail launched its marketplace for shoppers to discover products from all brands connected to the platform. [9]

In January 2016, Tictail opened Tictail Market its first permanent store in New York City on 90 Orchard street. [10] Many of the brands sold at the physical location are sold exclusively in New York at Tictail Market. [11]

In November 2018, Tictail was sold to Shopify. [12]

Tictail closed its site 1 April 2019. [13] [14] Shopowners can still access the dashboard until 1 May 2019.

Investments

To date, Tictail has raised $32M in funding, with an $8M Series A in Feb 2014 led by Thrive Capital in New York, [15] and a $22M Series B in July 2015 led by Balderton Capital, Acton Capital, Creandum, and Thrive Capital. [9] Tictail's advisory board includes Gustav Söderström, CPO of Spotify; Fredrik Nylander, CTO of Oscar Health and former COO of Tumblr; Sophia Bendz of Spotify; and Gustaf Alströmer, head of Product and Growth at Airbnb, and formerly Voxer [16]

Offices

Tictail opened its first office in 2012 in Stockholm. In 2014, the company opened its second office in New York City.

Press

Since launch in May 2012, Tictail has received an award for Best Entrepreneurs of Sweden 2012 by IDG, [17] and the Masters of Mobile award by Decoded Fashion. [18] In 2015, Tictail CEO Waldekranz was also named as a "Forbes 30 under 30". [19]

Related Research Articles

Rakuten Japanese e-commerce company

Rakuten Group, Inc. is a Japanese electronic commerce and online retailing company based in Tokyo, founded by Hiroshi Mikitani in 1997. Centered around Rakuten Ichiba, its business-to-many ecommerce platform and one of the largest e-commerce sites in the world, its businesses include financial services utilizing financial technology, as well as digital content and communications services such as messaging app Viber, e-book distributor Kobo, and Japan's fourth mobile carrier Rakuten Mobile. Rakuten has 14,826 employees worldwide, operating in 29 countries and regions, and its revenues totaled US$7.2 billion with operating profits of about US$347.9 million as of 2016. Rakuten is the official sponsor of the Spanish football club FC Barcelona as of 2021. It is often referred to as the "Amazon of Japan".

Cymax Group

Cymax Group Technologies Ltd. is a privately held eCommerce company headquartered in Burnaby, British Columbia, Canada. The Cymax Group of brands includes two retail websites, Cymax Business and Home Square, which sell furniture and decor; plus Freight Club and Channel Gate, which are eCommerce logistics and technology enablement platforms.

The following is a comparison of the features of notable shopping cart software packages available. Some such shopping cart software is extensible through third-party software components and applications. As such, the features listed below may not encompass all possible features for a given software package. The software listed here is but a fraction of all such packages on the market.

Wix.com Israeli software company

Wix.com Ltd. is an Israeli software company that provides cloud-based web development services. It allows users to create HTML5 websites and mobile sites through the use of online drag and drop tools. Along with its headquarters and other offices in Israel, Wix also has offices in Brazil, Canada, Germany, India, Ireland, Lithuania, the United States, and Ukraine.

Shopify Inc. is a Canadian multinational e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems. The Shopify platform offers online retailers a suite of services including payments, marketing, shipping and customer engagement tools.

Flipkart Indian e-commerce company

Flipkart is an Indian e-commerce company, headquartered in Bangalore, Karnataka, India, and incorporated in Singapore as a private limited company. The company initially focused on online book sales before expanding into other product categories such as consumer electronics, fashion, home essentials, groceries, and lifestyle products.

Infibeam Avenues Limited is an Indian multinational financial technology company which offers payment solutions globally under the brand name CCAvenue and e-commerce software services to businesses across various industries and the Government of India.

Indiatimes shopping

Indiatimes Shopping was the ecommerce division of The Times of India Group, India's largest media conglomerate. It is one of the pioneers in electronic commerce in India and services its customers through various channels including online and selling over phone. It also provided platform services for brands to go online and sell their products in partnership through White-label. Some of the major categories sold through Indiatimes Shopping included men & women footwear, apparel & accessories, lifestyle, home décor, mobile phones, consumer electronics, health & personal beauty products, books, jewellery, baby products and flowers & gifts. Indiatimes Shopping operated through a hybrid model which is a mix of warehousing and marketplace.

Spree Commerce

Spree Commerce is an open-source headless e-commerce platform for global brands.

Farfetch Online fashion retail platform

Farfetch is a British-Portuguese online luxury fashion retail platform that sells products from over 700 boutiques and brands from around the world. The company was founded in 2007 by the Portuguese entrepreneur José Neves with its headquarters in London and main branches in Porto, Guimarães, Braga, Lisbon, New York, Los Angeles, Tokyo, Shanghai, Hong Kong, São Paulo and Dubai.

ShopClues Indian online marketplace

ShopClues is an Indian online marketplace, owned by Clues Network Pvt. Ltd. The company was established in July 2011 by Sanjay Sethi, Sandeep Aggarwal and Radhika Aggarwal. In 2015, ShopClues was valued at US$1.1 billion, with Tiger Global, Helion Ventures, and Nexus Venture Partners as major investors. In 2019, the company was acquired by Singapore-based Qoo10 in an all-stock deal valued at approximately US$70 million, representing one of the largest valuation meltdowns for an Indian-based startup.

Carousell (company) Mobile and online marketplace

Carousell is a Singaporean smartphone and web-based consumer to consumer and business to consumer marketplace for buying and selling new and secondhand goods. Headquartered in Singapore, it also operates in Malaysia, Indonesia, the Philippines, Cambodia, Taiwan, Hong Kong, Macau, Australia, New Zealand and Canada. Carousell is available on both iOS and Android devices.

BigCommerce is a NASDAQ-listed ecommerce platform that provides software as a service services to retailers. The company’s platform includes online store creation, search engine optimization, hosting, and marketing and security from small to Enterprise sized businesses.

Lazada Group is an international e-commerce company founded by Maximilian Bittner, Mads Faurholt, Stefan Bruun, and Raphael Strauch with the backing of Rocket Internet in 2012, and owned by Alibaba Group. In 2014, Lazada Group operated sites in multiple countries and had raised approximately US$647 million over several investment rounds from its investors such as Tesco, Temasek Holdings, Summit Partners, JPMorgan Chase, Investment AB Kinnevik and Rocket Internet.

nopCommerce is an open-source eCommerce solution based on Microsoft's ASP.NET Core framework and MS SQL Server 2012 backend Database. It provides a catalog frontend and an administration tool backend, allowing shopping cart creation. It is available under the nopCommerce Public License V3 and officially launched in October 2008 for small to medium-sized businesses.

Craftsvilla is an Indian e-commerce portal that sells ethnic apparel, footwear, fashion accessories, beauty products, handcrafted home accessories and other ethnic fashion and lifestyle products. The company is headquartered in Mumbai, Maharashtra.

Spring was an E-commerce platform that connected retailers and shoppers using a direct-to-consumer sales model. The company, headquartered in New York City, launched its mobile marketplace on August 14, 2014. It raised over $30 million in venture funding by 2015. The platform was recognized by Apple as one of the Best apps of 2014. In October 2018, the membership service ShopRunner announced the acquisition of Spring and closed the platform in 2019.

Shift4Shop is a technology company that develops e-commerce software for businesses. The company was founded in 1997 with headquarters in Tamarac, FL. Shift4Shop develops electronic commerce application for online stores and retail point-of-sale systems.

EMERGE Commerce Ltd. is a North American acquirer and operator of niche e-commerce brands with 2M members founded by Ghassan Halazon which operates eight brands. The Company operates various marketplaces and subscription services across wide-ranging categories such as pets products, meat & groceries, golf, and other experiences. The Company is headquartered in Toronto, Canada.

Shopee Singaporean e-commerce company

Shopee Pte Ltd is a Singaporean multinational technology company which focuses mainly on e-commerce. Headquartered under Sea Group, Shopee was first launched in Singapore in 2015, and later expanded its reach abroad. As of 2021, it is widely considered as the largest e-commerce platform in Southeast Asia with 343 million monthly visitors, and the company also serves consumers and sellers throughout in several countries across Europe and Latin America who wish to purchase and sell their goods online.

References

  1. "Shopify acquires Tictail". Ecommerce News. 26 November 2018. Retrieved 6 February 2019.
  2. Steiner, Ina (22 November 2018). "Tictail to Close after Shopify Acquires the Marketplace". EcommerceBytes. Retrieved 6 February 2019.
  3. "Så mycket (eller lite) betalade Shopify för att svälja Tictail" Breakit. Retrieved 3 April 2019.
  4. Venkataramanan, Madhumita. "DIY retailer Tictail has plans to make online shopkeepers of us all". Wired UK. Retrieved 17 July 2016.
  5. Cheshire, Tom. "Europe's hottest startups 2014: Stockholm". Wired UK. Retrieved 17 July 2016.
  6. "Tictail Founder Carl Waldekranz: Future of E-Commerce is Democratisation". IBTimes. 20 June 2013. Retrieved 17 July 2016.
  7. 1 2 http://www.bizjournals.com/newyork/news/2015/05/12/tictail-lets-merchants-launch-stores-via-mobile.html [ bare URL ]
  8. "Tictail's In-App Messaging To Bring Real Customer Service To Online Shopping". 29 October 2015. Retrieved 17 July 2016.
  9. 1 2 Cutler, Kim-Mai (29 July 2015). "Tictail Doubles Down With Thrive Capital, Creandum, Raises $22M To Carve Out Online Marketplace". TechCrunch. Retrieved 10 October 2016.
  10. "Tictail Takes New York". 10 January 2016. Retrieved 17 July 2016.
  11. "No Flower is Getting More Love This Season Than the Daisy". The New York Times. 17 February 2016. Retrieved 17 July 2016.
  12. "Shopify goes shopping; Swedish DIY e-commerce startup Tictail to fold into its bigger rival - Tech.eu". Tech.eu. Retrieved 26 November 2018.
  13. "Shop and discover emerging brands from around the world • Tictail". Tictail. Retrieved 2 April 2019.
  14. Steiner, Ina (22 November 2018). "Tictail to Close after Shopify Acquires the Marketplace". EcommerceBytes. Retrieved 19 March 2020.
  15. Hern, Alex (19 February 2014). "'Tumblr for e-commerce' announces $8m Series A funding". TheGuardian.com . Retrieved 17 July 2016.
  16. "Tictail Closes Series A Funding Round of $8 Million and Announces the Company's Expansion to New York".
  17. Denham, Annabel (8 July 2013). "The Swede simplifying how we set up e-shops" . Retrieved 17 July 2016.
  18. "New York 2015 Winners : Decoded – Fashion Futures Awards" . Retrieved 17 July 2016.
  19. O'Connor, Clare. "Carl Waldekranz, 29 - In Photos: 2016 30 Under 30: Retail & E-Commerce". Forbes . Retrieved 17 July 2016.