Yakkyo grows: the first million after one year

Yakkyo grows: the first million after one year

19 September 2017

ACQUISTI

ALIBABA

EQUITY CROWDFUNDING

Yakkyo_comprare_Cina

It is not far the closing, with great success, of its equity crowdfunding campaign on Mamacrowd.
The startup that facilitates sourcing from China, following the customer from research to delivery of the product, a few months ago closed theonline offer on our portal collecting 260 thousand euros from 46 private investors, closing the project with 260% overfunding compared to the initial goal set.

A year after its foundation, Yakkyo has managed to reach other important milestones: it was selected to participate in the LUISS ENLABS acceleration program and, with the first funding obtained, it has managed to create 10 jobs, 8 of which are occupied by women, and to find its first customers abroad, reaching a turnover of one million euros and recording +50.22% in revenues and +15% in gross profit compared to its financial plan.

Discover the online projects on Mamacrowd

Giovanni Conforti and Carol Hsiao, founders of Yakkyo, having worked in the import-export sector between Europe and China for many years, decided in 2016 to challenge the market and create a platform that would make the import of customised products accessible to everyone, even small traders.
Yakkyo provides a complete service from supplier search to home delivery of products, guaranteeing the customer the choice of goods that comply with EU regulations, purchase at factory prices and delivery and customs clearance within the required timeframe.
The company operates in a constantly growing market, in fact, imports from China to Europe in 2016 reached 344 billion euros (in EU-28) and, in particular, those made in Italy are 27 billion euros, equal to 8% of the total. The company has, then, started to validate also the next European markets, starting with Germany and UK, which in a few weeks have already given very positive feedback generating a turnover of more than 30,000 euros.

"Next year promises to be full of challenges" says CEO & Founder Giovanni Conforti "in the coming months we will expand our business to new markets and invest in chatbot technology and integration with e-procurement systems with the ambitious goal of 3 million euros by the end of 2018."