Shpock is an online marketplace 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. Finderly GmbH is owned b
Russmedia Equity Partners

History

Shpock is a portmanteau meaning "Shop in your pocket" and was first available for free download for

iOS iOS (formerly iPhone OS) is a mobile operating system created and developed by Apple Inc. exclusively for its hardware. It is the operating system that powers many of the company's mobile devices, including the iPhone; the term also include ...

and Android devices in September 2012. The app was downloaded more than a million times within the first year. Their first financing came from their own funds and grants. Later, they were invested in by

business angel An angel investor (also known as a business angel, informal investor, angel funder, private investor, or seed investor) is an individual who provides capital for a business or businesses start-up, usually in exchange for convertible debt or owners ...

s. In 2013, the Norwegian media group

Schibsted Schibsted Media Group is an international media group. The company has its headquarters in Oslo, Norway, and is listed on the Oslo Stock Exchange. The CEO is Kristin Skogen Lund. In 2019, Schibsted spun off the majority of their online market ...

announced a seven figures investment into finderly GmbH. In September 2015, Schibsted announced to increase its stake from 82% to 91%. In 2016, the Shpock app was one of the ten most popular apps in Germany in the

App Store An App Store (or app marketplace) is a type of digital distribution platform for computer software called applications, often in a mobile context. Apps provide a specific set of functions which, by definition, do not include the running of the co ...

and in

Google Play Google Play, also known as the Google Play Store and formerly the Android Market, is a digital distribution service operated and developed by Google. It serves as the official app store for certified devices running on the Android (operating sys ...

, and in 2017, the Shpock app was one of the ten most loaded free iPhone apps in Austria. As of October 2018, the app has been downloaded more than 50 million times on iOS and Android devices. 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. In August 2020, Shpock rebranded, which included a redesigned logo. In June 2021, Russmedia Equity Partners announced the acquisition of Shpock from Adevinta for an undisclosed sum.

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. 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". At the Goldbach Youngstar Awards, Shpock was named "Youngest Brand in the 1st Half of 2018". In 2013, Shpock won the futurezone Award in the category Apps and was awarded the Mingo special prize at the Content Award Vienna. At the “Show your App Awards" in 2014, Shpock received the Silver app.{{Cite web, url=https://www.wuv.de/tech/show_your_app_award_die_besten_apps, title=Show Your App Award: Die besten Apps | W&V, first=Werben &, last=Verkaufen, date=May 15, 2014, website=www.wuv.de

External links

Official website

References

2016 establishments in Austria German companies established in 2016 Retail companies established in 2016 Internet properties established in 2016 Online marketplaces of Germany Companies based in Vienna

History

Awards

See also

External links

References