Sangrove | Impact Shopping™
Better Business and a Better Planet with demand aggregation SaaS commerce.
Better Business and a Better Planet with demand aggregation SaaS commerce.
Sangrove | Impact Shopping™
Sangrove is a revolutionary green commerce tech for consumer goods industries, focused on enabling Impact Shopping - a volume Impact-driven aggregated presell, leading to sustainable consumption and substantial environmental impact. Through its proprietary technology, Sangrove facilitates brands to sell to sustainability-conscious and fashion-forward consumers before production, collectively green-lighting manufacturing of new products and averting unnecessary emissions.
The startup specifically addresses the challenges faced by industries producing consumer goods with short lifespans, such as fashion, by enabling demand-driven production, preventing excess inventory, and leading to cost savings and higher profits across platform participants. These include optimized stock planning, increased profit margins, and the allure of a compelling narrative to attract the younger demographic.
Sangrove's process and technology involve sustainability-conscious and fashion-forward consumers in shopping through a limited-time volume pre-sell and new sustainability-focused incentives. Utilizing blockchain-based smart contract technology, Sangrove aggregates orders into bulk in real-time, calculates impact created by collective action, and tracks, measures, and communicates the impact created by averting unnecessary emissions while tuning production to demand.
Amid new upcoming legislation in US and EU, Sangrove offers a concrete practical solution with its patent-pending web3 technology, providing a new process and immutable transparent records.
As a Brand: - Woo GenZs - Increase key e-comm metrics - Gain early sales data - Optimize Inventory - Minimize deadstock and stockouts
As a Consumer: - Make a tangible measured Impact while shopping for the newest trends - Save the Planet by acting on your sustainable values - Shop guilt free
Founded in 2018 and headquartered in the United States, Sangrove received a $618.00K Pre Seed Round investment from Ideaship on 29 November 2021.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Pre Seed Round | $618.00K | 1 |
|
29 Nov 2021 |
| Angel Round | $255.00K | - | 20 Nov 2020 |
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