EggDrop, essentially a mobile app alternative to Craigslist, is starting to pick up steam. The company now boasts half a million downloads of its app on iOS and Android, with $8 million in listings from across the 50 U.S. states and the U.K. (EggDrop's top two markets). The app originally launched last June, backed by $1 million in funding in a round led by BlueRun Ventures and SV Angel. But that first experience doesn't look much like EggDrop today. In November, the company rolled out a major update (ver. 2.0) which completely replaced the auction format found in the original with more traditional marketplace-style listings. Since then, over 5,000 items have been sold within the app, including electronics, games, furniture, and even grand pianos and wedding dresses.
Tuesday, March 20, 2012
After Ditching Auctions, Mobile Marketplace EggDrop Hits Half A Million Downloads
EggDrop, essentially a mobile app alternative to Craigslist, is starting to pick up steam. The company now boasts half a million downloads of its app on iOS and Android, with $8 million in listings from across the 50 U.S. states and the U.K. (EggDrop's top two markets). The app originally launched last June, backed by $1 million in funding in a round led by BlueRun Ventures and SV Angel. But that first experience doesn't look much like EggDrop today. In November, the company rolled out a major update (ver. 2.0) which completely replaced the auction format found in the original with more traditional marketplace-style listings. Since then, over 5,000 items have been sold within the app, including electronics, games, furniture, and even grand pianos and wedding dresses.
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