- Bulgarian e-commerce automation software program for eBay and Amazon sellers, scout robotsells majority stake to startup funding agency Group of FourIt was based by monetary entrepreneur Filip Prokopiev.
- The quantity of the deal was not disclosed and it was executed as a leveraged buyout. To buy a majority stake in Trackerbot, Prokopiev obtained financing from a specialised personal fairness lender in america.
- The present suite of software program merchandise will proceed to function underneath the Trackerbot title as a part of a brand new entity underneath the Quadra Group (presently in secrecy), which is able to deal with rising its buyer base in main markets whereas additionally increasing its choices to Shopify. and constructing and supplementary complement buy e-commerce applications in particular area of interest verticals.
“Initially my plan was to accumulate Trackerbot’s property and construct a administration workforce across the new platform technique, however later it turned out that the 2 founders and I shared the identical imaginative and prescient for the corporate’s future and development prospects. We additionally received alongside very effectively, so we determined to develop our enterprise as companions. “The Shopify, Amazon, and eBay apps marketplaces are presently very fragmented, and we now have a robust in-house engineering workforce that enables us to quickly develop and roll out new options and product strains to create synergies and construct search and our prospects’ transactions, and regularly enhance our choices.” recursion.
The 2 founders of Trackerbot – Dobri Dobrev and Valentin Delkov, have over 10 years of expertise in digital product administration and e-commerce. Previous to founding his ecommerce automation startup, Dobri Dobrev was Senior Product Supervisor at Yahoo!, whereas Valentin Delkov ran multimillion-dollar e-commerce companies on eBay and Amazon.
Filip Prokopiev is firstly of his profession as an investor and entrepreneur. Whereas finding out at Babson Faculty and the London College of Economics and Political Science (LSE), he held analyst and advisor positions at numerous hedge funds and funding corporations in London and New York. He additionally labored as a expertise marketing consultant at Plymouth Rock Assurance (Boston, USA) the place he led a mission on telematics and AI automation.
“Dobri is an skilled in digital product administration, whereas Valentin has accomplished profitable work on the platforms supporting our software program, which brings invaluable information and insights into our prospects’ particular wants. The three of us complement one another’s abilities effectively” provides Filip.
Trackerbot’s e-commerce bootstrapping success story
Trackerbot helps e-commerce sellers on Amazon and eBay fulfill their orders quicker and extra precisely. It mechanically discovers and uploads monitoring numbers, identifies points with deliveries, and sends automated messages at each stage of the e-commerce success course of. The answer helps greater than 60 distributors, together with Amazon, Walmart, and Dwelling Depot.
The concept of the Trackerbot was born as an answer to the wants of Valentin, who sells on eBay. Again then he had loads of each day duties to run manually alone. In the summertime of 2019, he was vacationing by the ocean together with his longtime good friend Dobri Dobrev, and the 2 made a wager that they may construct an ecommerce automation instrument in lower than 2 weeks for not more than $100.
Lengthy story quick, the founders did certainly handle to slot in the funds and inside 2 months they already had a Trackerbot prototype. Initially, Valentin was the one pilot, however the information quickly unfold to the eBay community of e-commerce sellers in Bulgaria and Trackerbot gained its first beta customers.
Trackerbot steadily expanded its providing to Amazon and established a robust presence within the US market in addition to Europe, Israel, Thailand and Pakistan. Greater than 8,000 e-commerce retailers worldwide have trusted the answer to this point, and it presently operates with round 70% revenue margins.
What units Trackerbot other than different ecommerce automation instruments is that the startup is the one answer of its variety authorized by each eBay and Amazon.
Future development plans of Quadra and Trackerbot
The Quadra and Trackerbot groups have formidable plans for future development and will contemplate elevating further funds from enterprise capital and personal fairness sooner or later to implement a method that mixes each natural and inorganic development strategies to create a platform-independent platform. A portfolio of mission-critical software program instruments for e-commerce distributors.
“The addressable market forward is big and we’re barely making it to the floor. This supplies alternatives for each natural and inorganic development. Presently, our present product line is just out there to sellers on Amazon and eBay, however we’re already engaged on increasing it to different main platforms, beginning with Shopify. We additionally plan to take part in strategic M&As so as to add complementary functions and in-house capabilities to the brand new platform. The present uncertainties in world monetary markets current challenges, but additionally provide enticing funding alternatives in small and medium software program.” Philip explains.
Along with creating new product strains and making future acquisitions, the workforce plans to take a position extra aggressively in digital advertising and marketing and figuring out new partnership alternatives.
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