Snapette

Last updated
Snapette
Founded Palo Alto, California (2011)
Headquarters Palo Alto
New York City
Key people
Jinhee Ahn Kim
Sarah Paiji
Website Official website

Snapette is a location-based shopping mobile application and website that acts as a digital resource for shoppers, enabling users to find nearby stores, products, and exclusive offers. Snapette was founded in 2011 by Jinhee Ahn Kim and Sarah Paiji and has partnerships with stores in California, New York City, and London. [1]

Contents

History

Snapette launched in January 2011 and was co-founded by Harvard alumni Sarah Paiji and Jinhee Kim. The company completed the prestigious 500 Startups accelerator program in Silicon Valley, founded by Dave McClure, and has raised $1.5 million in funding from top investors including Accel Partners, Forerunner Ventures and ShoeDazzle founder Brian Lee.

Prior to Snapette, Paiji worked at firms Goldman Sachs, McKinsey & Co. and Berkshire Partners advising retail and tech companies. Kim attended Parsons in New York and has designed for Liz Claiborne and Ralph Lauren.

Snapette is based in New York City with nine full-time employees.

Snapette was acquired by PriceGrabber in 2013. [2]

Mobile application

As a mobile application, users can upload photos of their fashion finds or browse images uploaded by other users. Users can snap a photo on Snapette and upload it with brand, price, and location

Press

Snapette has been featured and mentioned in several online news sources and publications. Rachel Strugatz from Women's Wear Daily reported in an article about the digital world’s role in driving foot traffic back in stores, which is exemplified by Snapette. [3] In another press release, Kit Eaton from Fast Company revealed specific features on the app that make Snapette the ideal “discovery agent.” [4] WABC also commented on the app’s ability to help you “shop and save” on the mobile phone, [5] while Racked NY reported on how users can “stay connected to their favorite stores” by following boutiques, viewing new products, and getting access to exclusive deals from participating stores. [6]

Snapette was also featured on Apple's iTunes Store as “What’s Hot”, “What’s New and Noteworthy” and as “Staff Favorites.” [7] Version 2.0 of the app, released in June 2012, "redefines the shopping experience," according to PR Newswire. [8] 2.0 is also available on Android phones. International Business Times listed Snapette as one of the "Top 10 Must-Have Fashion Apps." [9]

Funding

Snapette is funded by leading Silicon Valley venture capital firms and strategic angels including Brian Lee the Founder/CEO of Shoedazzle. On October 12, 2011, the company raised $1.3 million in seed funding and with the completion of Dave McClure’s 500 startups accelerator program raised $1.5 million to date. [10] [11]

Related Research Articles

Grameenphone Telecom Operator in Bangladesh

Grameenphone, widely abbreviated as GP, is the leading telecommunications service provider in Bangladesh, with 83.02 million subscribers. It is a joint venture between Telenor and Grameen Telecom Corporation. Telenor, a telecommunication company from Norway, owns a 55.8% share of Grameenphone, Grameen Telecom owns 34.2% and the remaining 10% is publicly held.

The term mobile commerce was originally coined in 1997 by Kevin Duffey at the launch of the Global Mobile Commerce Forum, to mean "the delivery of electronic commerce capabilities directly into the consumer’s hand, anywhere, via wireless technology." Many choose to think of Mobile Commerce as meaning "a retail outlet in your customer’s pocket."

Techstars is a global investment business that provides access to capital, one-on-one mentorship, a worldwide network and customized programming for early-stage entrepreneurs. It was founded in 2006 in Boulder, Colorado. As of May 2022, the company had accepted over 2,900 companies into its accelerator programs with a combined market capitalization of $71bn USD.

Dropbox is a file hosting service operated by the American company Dropbox, Inc., headquartered in San Francisco, California, U.S. that offers cloud storage, file synchronization, personal cloud, and client software. Dropbox was founded in 2007 by MIT students Drew Houston and Arash Ferdowsi as a startup company, with initial funding from seed accelerator Y Combinator.

Where.com

Where, Inc. was a location-based media company in North America. Their main products were the WHERE consumer application and WHERE Ads, a hyper-local ad network that connected merchants with local audiences. PayPal announced its acquisition of Where, Inc. in 2011 for $135 million.

Whitepages (company) US directory services company

Whitepages is a provider of online directory services, fraud screening, background checks and identity verification for consumers and businesses. It has the largest database available of contact information on US residents.

500 Global U.S. startup accelerator

500 Global is an early-stage venture fund and seed accelerator founded in 2010 by Dave McClure and Christine Tsai. The fund admitted a first "class" of twelve startups to its incubator office in Mountain View, California in February, 2011. They expanded to a second class of 21 in June 2011 and a third class of 34 in October 2011.

Brian Witlin is an American businessman and fine artist. He is a serial entrepreneur who has co-founded a number of tech companies including Leverworks, Shopwell, Golaces and has led Yummly as its CEO both before and after being acquired by Whirlpool in 2017. Witlin participates as a lecturer at Stanford University's Hasso Plattner Institute of Design.

ViziApps is an online mobile application platform for creating native and web mobile applications for the iPhone, iPad and Android smartphones and tablets. The online service enables customers to build mobile apps without coding including both the design of the user experience and the design of data interfaces from many data source types. ViziApps also enables design extensions in Javascript. The online ViziApps Studio is provided by ViziApps, Inc. based in Wellesley, Massachusetts.

Vlingo was a speech recognition software company co-founded by speech-to-text pioneers Mike Phillips and John Nguyen in 2006. It was best known for its intelligent personal assistant and knowledge navigator, also named Vlingo, which functioned as a personal assistant application for Symbian, Android, iPhone, BlackBerry, and other smartphones. Vlingo was acquired by speech recognition giant Nuance Communications in 2012.

9GAG Social media website whereby users upload and share user-generated images and videos

9GAG is an online platform and social media website based in Hong Kong, which allows its users to upload and share user-generated content or other content from external social media websites. Since the platform for collections of Internet memes was launched on April 11, 2008, it has grown in popularity across social media such as Facebook, Twitter, and Instagram.

ShopSavvy

ShopSavvy is a mobile application for shopping that scans products and finds online and local stores providing those products. Additionally, ShopSavvy compares the prices, displays user reviews, and searches for deals and discounts on scanned items. The app was developed by Rylan Barnes, Jason Hudgins and Alexander Muse, who won the “Google’s Android Developer Challenge" and subsequently founded ShopSavvy, Inc.

Shopcade was a social marketplace with a dual online platform offering a daily fashion fix of top trends, products and deals.

Shopkick American shopping app company

Shopkick is an American company based in Silicon Valley that created a shopping app for smartphones and tablets that offers users rewards for shopping activities both online and in-stores such as walking into stores, scanning items, making in-app or in-store purchases and submitting receipts. Users are awarded "kicks" for these actions, and can exchange them for rewards in the form of mobile gift cards. The app is currently available for iOS and Android devices.

SnipSnap is a mobile coupon app founded in Philadelphia that allows users to take a photograph of a printed coupon in order to find or create a mobile coupon, which can be redeemed in store. The app scans the text, images, logos, and barcodes within the coupon photograph in order to parse out all of the structured coupon content dynamically. The app uses some of this information to power features such as expiration-date reminders, location-based notifications, and scanable barcodes. The app is currently available for iOS and Android devices.

SOSV Venture capital firm

SOSV is a venture capital and investment management firm that provides seed, venture and growth stage funding to startup companies in the technology sector. The company's focus is on accelerating startups via their market specific seed accelerator programs located in Europe, Asia and the USA. SOSV is headquartered in Princeton, New Jersey, with operations in Cork, Ireland, and offices in San Francisco, Shenzhen, Shanghai, Taipei, New York, Cork, and London.

Lemon Wallet was a cloud-based digital wallet that allowed users to store digital copies of credit cards, debit cards, reward cards, as well as identification, and other card information. The service was released in July 2011 and the company is based in Palo Alto, California, United States. Wences Casares was the company's CEO.

Twist and Shout, Inc. was an American software company based in San Francisco, California and founded in 2011. Its main product was a mobile application called Twist which allowed users to share their estimated time of arrival (ETA) and real-time GPS location while traveling.

Slack is a messaging program designed specifically for the office, but has also been adopted for personal use. Developed by American software company Slack Technologies, and now owned by Salesforce, Slack offers many IRC-style features, including persistent chat rooms (channels) organized by topic, private groups, and direct messaging. In addition to these online communication features, Slack integrates with other software.

David Tisch

David Tisch is a businessman and angel investor based in New York City. He is managing partner of BoxGroup, a seed-stage capital firm, and a co-founder of TechStars New York City. He is the grandson of American businessman Laurence Tisch, co-owner of Loews Corporation. His great-uncle, Preston Robert Tisch purchased the New York Giants, now co-owned by Steve Tisch, who produced the films Forrest Gump and Risky Business.

References

  1. ↑ "Snapette Wants To Be The Foodspotting For Fashion". Social.techcrunch.com. Retrieved 27 November 2021.
  2. ↑ "Xconomy: Mobile Shopping Startup Snapette Snapped Up by PriceGrabber". Xconomy.com. 20 August 2013. Retrieved 27 November 2021.
  3. ↑ Strugatz, Rachel (2012-06-27). "Digital World Now Coaxing Shoppers Back to Stores". Wwd.com. Retrieved 2012-08-27.
  4. ↑ Eaton, Kit (2012-06-28). "The Discovery Economy: Snapette Shows you the Future way to Shop". Fast Company. Retrieved 2012-08-27.
  5. ↑ Glassberg, Lauren (2012-06-26). "App helps you shop and save". Abclocal.go.com. Retrieved 2012-08-27.
  6. ↑ Yannetta, Tiffany (2012-06-28). "Snapette's New App Brings Dolce Vita, Otte to Your Phone". Ny.racked. Retrieved 2012-08-27.
  7. ↑ ""Apple iTunes"". Itunes.apple.com. Retrieved 27 November 2021.
  8. ↑ "Snapette Redefines The Shopping Experience Again With Major Update To Popular Location-Based App For iPhone And iPod Touch". Prnewswire.com. Retrieved 27 November 2021.
  9. ↑ "International Business Times". Ibtimes.com. Retrieved 27 November 2021.
  10. ↑ Geron, Tomio. "Female Founders Of Snapette Not Your Typical Geek Entrepreneurs". Forbes.com. Retrieved 27 November 2021.
  11. ↑ "Snapette Co-Founder Talks Mobile Shopping". Wsj.com. Retrieved 27 November 2021.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.