 | |
| Type of business | Privately held |
|---|---|
| Founded | 2010 |
| Headquarters | , United States |
| Owner | MoreCommerce, Inc. |
| Founder(s) | Jonathan Crawford |
| Industry | e-Commerce |
| URL | www |
| Written in | Ruby on Rails |
Storenvy is an e-commerce platform. It is an online store builder, combined with a social marketplace. Storenvy launched in 2012, and the sale of products, including apparel, jewelry, art, and home décor, are worth over $50 million. At present, there are 90,000 merchants available[1] that list a variety of products at Storenvy.
Services
Custom stores
Storenvy first launched as an online store builder in 2010. The platform allows store owners, makers, and artists to open an online store for free and customize it.
Storenvy marketplace
When merchants open a store on Storenvy, their products are also featured on the Storenvy marketplace, combining the aspects of a store builder and a marketplace.[2]
Pricing
Storenvy generates revenue through both subscription revenue and on commission fees from sales. This revenue directly funnels the marketing services the company provides to drive additional traffic to store owners.
History
Storenvy was launched in 2010. It was purchased in 2016 by The Opensky Project , and was later sold with other business assets to MoreCommerce Inc., an Alibaba Group subsidiary.
References
- ↑ Angulo, Natalia (January 13, 2014). "Storenvy to Charge for Marketplace Sales in 2014". Fox Business. Retrieved 27 May 2014.
- ↑ Carney, Michael (August 7, 2013). "Storenvy's store-builder and marketplace hybrid means that creators can focus on their products, not marketing". Pando Daily. Retrieved 27 May 2014.