INSUBCONTINENT EXCLUSIVE:
ShopRunner chief executive Sam Yagan conquered the online dating world
mobile app, signaling what could be a new era for the company.Yagan, the co-founder of OkCupid, former CEO and vice chairman of The Match
Silicon Valley to his hometown, Chicago, and readied for battle against Amazon.ShopRunner teams with mid- to high-end retailers to offer its
paying members free two-day shipping and free returns on their sites, taking a small cut of each purchase
week, it announced a $40 million investment from August Capital, bringing its total equity funding to around $140 million since it was
The company says it plans to use the cash for product development, data science and to amp up its MA strategy
We wanted to create an experience that was as fun and easy as walking into a great store
its paying members by 10 and offering, for the first time, an actual marketplace where customers can gain access to hundreds of those brands
Yagan said they have their eyes peeled for any-point solutions that help retailers take on Jeff Bezos, or that have large member bases and
provide a great shopping experience.Finally, according to sources familiar with the company, ShopRunner is planning to unveil a major update
to its mobile app in November
The update, coupled with the acquisition of Spring, will put ShopRunner on the path toward creating a digital mall with frictionless
payments, a necessary step forward for the aspiring Amazon competitor.
