Another eBay Drop-Off Store Gets Venture Capital Funding: NuMarkets
By Ina Steiner
eBay drop-off store NuMarkets has secured venture capital financing from the Southern Appalachian Fund and a group of private investors including Jim Amos, former CEO of Mail Boxes Etc. The investment will launch a concentrated area expansion through franchise systems of NuMarkets Centers. AuctionDrop, a competing chain, has secured over $6.5 million in funding.
NuMarkets said it has developed and filed patent on the industry's first enterprise class software capability to manage and scale the transaction-intense business of selling items for the public and businesses at multiple locations with in-store item processing and centralized data processing. This software, named Simple, combined with NuMarkets unique centralized commerce support center, will enable the scaling of franchise operations on a national level.
eBay drop-off stores are opening up across the country. One of the latest is Ezbayer, which has opened an eBay drop-off store in Bellaire, Texas.
About the author:
Ina Steiner is co-founder and Editor of EcommerceBytes and has been reporting on ecommerce since 1999. She's a widely cited authority on marketplace selling and is author of "Turn eBay Data Into Dollars" (McGraw-Hill 2006). Her blog was featured in the book, "Blogging Heroes" (Wiley 2008). Follow her on Twitter at @ecommercebytes and send news tips to firstname.lastname@example.org.
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