E-commerce

Four-month-old Rever revs up e-commerce returns, joins Y Combinator – Tech.eu

Summary

Barcelona-based Rever has joined the prestigious Y Combinator accelerator programme (S 22) after just four months in existence. The only Spanish startup accepted, Rever beat out a record 40,000+ applicants for the coveted spot.

¿Por qué Rever? 

The startup allows shoppers to return any e-commerce purchased product in two clicks and receive a refund in just seconds. I think the kids will soon call this q-returns.

To date, the fledgling startup has raised $1 million i…….

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Barcelona-based mostly Rever has joined The distinguished Y Combinator accelerator programme (S 22) after simply 4 months in existence. The solely Spanish startup accepted, Rever beat out a doc 40,000+ candidates for the coveted spot.

¿Por qué Rever? 

The startup permits consumers to return any e-commerce purchased product in two clicks and acquire a refund in simply seconds. I really paymentl The youngsters will quickly name this q-returns.

So far, the fledgling startup has raised $1 million in a pre-seed spherical, attracting the likes of buyers Óscar Pierre, CEO and co-Founding father of Glovo, Fb, Revolut, and Zalando buyers Worldwide Founders Capital, a Sequoia Capital scout who’s chosen To maintain a thriller (although first guess is that it’s Station F’s Roxanne Varza), and Y Combinator, and is operational in Spain, Portugal, Italy, and Germany.

Rever’s timing couldn’t be greater. Chatting with Tech.eu, co-founder Oriol Hernandez defined that The althought behind The agency was born By way of the pandemic as he and co-founder Màrius Montmany watched the explosion of e-commerce buying and promoting and althought, there are going to be A lot of returns.

So many returns, Truly, that simply final week, The Guardian reported that quick style e-commerce retailer Boohoo has joined the rising enchancment of retailers now charging clients a payment to return an merchandise. These days of “I’ll order each sizes, see which one matches, After which return the One which doesn’t” are shortly sunsetting.”

So as to add to the misery expert by you, me, And everyone-you-know-who’s-ordered-something-on-line, the wait to get your pesos again. Based on Rever, The typical time in Europe earlier than you see the + Check in your Checking account from said e-tailer exceeds 14 days. 

“We now Want to steer The subsequent transformation of e-commerce: bringing frictionless, superquick and sustainable returns to everyone, anytime, anyplace,” says Hernandez. “As a Outcome of returning Ought to be as straightforward as buying for. REVER’s ambition is to dominate all eCommerce submit-sale providers by creating the world’s first global platform for on-line returns.”

Source: https://tech.eu/2022/07/20/four-month-old-rever-revs-up-e-commerce-returns-joins-y-combinator/

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