|Description||Your Neighborhood Marketplace on Mobile|
|VENTURE FUNDING TOTAL||$1M|
|Seed, 9/10 |
|Seed, 6/11 |
Charles River Ventures
EggDrop, developed by the EggCartel team, is an efficient, real-time local marketplace on mobile devices. EggDrop is a place where users can easily post items for sale, discover great deals, and buy and arrange pick up directly on their phone. EggDrop helps users save money, make money, reuse/recycle resources, and connect with neighbors in a safe and friendly environment, all from the convenience of a smartphone.
A “classifieds” type app available on the iPhone and Android. Allows users to snap a picture of what they would like to sell, set the price, and upload it to EggDrop’s database.
EggDrop is heavily location-based. No shipping of items is allowed. Items are sold Dutch-auction style, meaning if no one bids on the item, the price drops over time. The payment methods are left up to the buyers and sellers - EggDrop has not included provisions for payment within their app.