With revenue to exceed $6 trillion in 2023, the e-commerce industry is experiencing huge growth globally. Online buying and selling has been on the rise especially since the pandemic. SHOWP, an innovative startup therefore sets to contribute to this booming industry.
SHOWP’s aim is to create a social network (online marketplace) where people can start off their businesses from scratch buying, selling, supplying, and advertising. People can now start their businesses online without investing capital, having existing customers or available goods – a significant improvement of the so called “drop shipping” retail industry.
Users can expect this online marketplace to have an innovative distribution network with very deep penetration, better (peer to peer) marketing, more competitive prices, and a huge choice of products. These are some of the advantages that SHOWP intends to bring to the e-commerce industry. Designed to compete effectively with existing web stores, SHOWP will offer lower prices, have a global reach, spread fast and be a means of supplemental income for users. According to founder, Chris Ivanov, “SHOWP could be a nice boost for online trade – providing incentives for both experienced entrepreneurs and those who still don’t do business online – the shopping network is designed to reach and benefit even the most remote and disconnected communities.”
Based in Canada, SHOWP has joined FasterCapital’s Tech Cofounder program. FasterCapital will work with SHOWP on building the product and will cover 50% of the costs. Chris Ivanov commented on this collaboration, “Thank you FasterCapital for the opportunity to work with you – your approach and support are greatly appreciated! I strive to innovate on a vast scale and I see FasterCapital has incorporated the same desire for innovation in their business model. I strongly believe our partnership can deliver unique product and bring real change!”
FasterCapital is an online incubator accelerator and service provider for startups and SMEs and supports businesses in Edutech, FoodTech, HealthTech, FinTech, Media, Entertainment, and many other industries.
Mr. Hesham Zreik, CEO of FasterCapital, commented on this partnership, “We are happy to work with Mr. Ivanov and once the capital is raised the team will start the operations.”
For more information, visit www.SHOWP.CA