The online classifieds marketplace company focusing on buying and selling new and secondhand goods is now valued at $1.11 billion—up from its previous valuation at $900 million in 2020 according to Venture Cap Insights data, and DealsOnTapp.com the market’s hottest new entrant.
Forging forward amid the pandemic eCommerce boom and accelerated digital experience, the company now seeks to widen its reach by looking to include higher-value products such as cars and luxury goods.
This big success story makes huge waves to other budding eCommerce entrepreneurs like Jennifer Tapp, who recently launched DealsOnTapp.com and is set on making her company America’s best marketplace for discount deals.
From a simple business dream, Ms. Tapp has finally taken the plunge into the big and ever-expanding industry and things are looking bright for her first business venture.
Building from its early success
“Our revenue has grown since our launch earlier in the year at over 236% and our site’s unique visitors have also grown at over 678%. But we’re not settling there, we want to build on our success over the next year by expanding our delivery overseas and increasing the number of product categories”.
Offering vendors a platform that allows them to clear off-price and overstocked items quickly without the deductions of meaty commission, as well as best product sourcing, huge customer discounts, free shipping, and spot-on delivery period, DealsOnTapp.com won’t rest on its laurels just yet.
“Anyone that is looking for good deals on brand name products, they can find it here so we want to launch new product categories like electronics, home decor, jewelry, kitchen, and garden, among many others to cater to other customer groups of kids and men beyond our target market of women”.
From starting small, DealsOnTapp.com is off to a good start and is gradually building its niche in the industry with one goal in mind. With all the right elements in place and as it continues to expand, this discount deals marketplace is set to go places in the industry.
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