Shopflick, an online video shopping market place has recently emerged out of its Private beta phase. The Los Angeles based startup blends the best quality video with latest market trends and focus young Internet shopaholics. It has also raised $7 million in a series A funding held by Panorma Capital and Venrock.
Shopflick with its unique and interesting idea, allows its users to watch more than stupid wrestling crap. People can watch for their favourite shopping stuff and can actually be shopping with it.
The company earns by making money from transaction fees and listing fees. However, it takes more revenue percentage from transaction fees as compared to eBay. But it can gain points over eBay as it has waived listing fees for now and plans to make it approximately 10 times lower then eBay.
The site has an array of sellers based on trendy designers, boutiques and manufacturers. It aims to provide a brief understanding about products and services to attract wide range of customers. Funding will help company to raise its video standard and to attract more sellers and products.
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