Shpock
Austrian virtual marketplace From Wikipedia, the free encyclopedia
Shpock is an online marketplace[1] that allows users to list products for local sale. Shpock is developed and operated by the Austrian start-up Finderly GmbH and employs 102 people.[2] Finderly GmbH is owned by Russmedia Equity Partners.[3]
 | |
| Shpock | |
| Industry | Mobile app |
| Founded | 2012 |
| Headquarters | Vienna , Austria |
Area served | Worldwide |
| Brands | Shpock |
| Owner | Finderly GmbH |
| Website | http://www.shpock.com/ |
History
Summarize
Perspective
Shpock is a portmanteau meaning "Shop in your pocket"[4] and was first available for free download for iOS and Android devices in September 2012.[5][6] The app was downloaded frequently within the first year.[7][8] Their first financing came from their own funds and grants. Later, they were invested in by business angels.[9]
In 2013, the Norwegian media group Schibsted announced a seven figures investment into Finderly GmbH.[10] In September 2015, Schibsted announced to increase its stake from 82% to 91%.[11][12][13]
In 2016, the Shpock app was highly ranked in Germany in the App Store and in Google Play,[14] and in 2017, the Shpock app was one of the ten most loaded free iPhone apps in Austria.[15] As of October 2018, the app has been downloaded more than 50 million times on iOS and Android devices.[16]
In November 2018, Schibsted announced that it had purchased the remaining 9% of finderly GmbH from its founders, making it the sole owner of the company. A massive staff reduction was announced shortly after a change of management, with the goal of turning the previously loss-making company into a profitable business.[2] In August 2020, Shpock rebranded with a redesigned logo.[17]
In June 2021, Russmedia Equity Partners announced the acquisition of Shpock from Adevinta for an undisclosed sum.[18][3]
Awards
In 2018, Shpock was a laureate at the award ceremony "Germany's best online portals 2018" in the "Market places private providers" category of the German Institute for Service Quality.[19] Also in 2018, Shpock was awarded "Android Excellence App of 2018" in the Google Play Store, and Apple selected Shpock as a "Best of 2017" app in the category "Sustainability".[20] At the Goldbach Youngstar Awards, Shpock was named "Youngest Brand in the 1st Half of 2018".[21] In 2013, Shpock won the Futurezone Award in the category Apps[22] and was awarded the Mingo special prize at the Content Award Vienna.[23] At the “Show Your App Awards" in 2014, Shpock received the Silver app.[24]
See also
External links
References
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