Latest Technology News In South Africa
Ryan Cohen and Michael Day founded the company that became Chewy in 2011, initially under the name Mr. Chewy. The founders focused on pet food and supplies because the category combines emotional customer relationships with frequent repeat purchases and bulky products that benefit from home delivery.
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Niraj Shah and Steve Conine started an online retail business in 2002 with RacksandStands.com, selling storage furniture from a spare bedroom. Instead of launching one giant store immediately, the founders created hundreds of highly specific product websites that targeted search demand for individual home categories.
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Niklas Östberg started an online food-ordering service in Sweden in 2008. In 2011, Berlin incubator Team Europe formed Delivery Hero Holding and appointed Östberg as chief executive. The early proposition was to replace phone calls and paper takeaway menus with online ordering while restaurants handled the actual delivery.
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Bom Kim founded Coupang in 2010 in South Korea, initially as a deals and social-commerce website. The business soon moved away from daily deals towards direct e-commerce and invested heavily in fulfilment infrastructure.
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Entrepreneur Wang Xing founded Meituan in 2010 during a wave of Chinese group-buying start-ups inspired by the success of daily-deal services. Meituan initially offered discounted local services but quickly moved towards a broader marketplace connecting consumers with restaurants, hotels, entertainment and other nearby businesses.
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