Abillion
Topic: Organization
From HandWiki - Reading time: 2 min
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| Founded | May 2018 |
|---|---|
| Founder | Vikas Garg.[1] |
| Type | Startup company |
| Location | |
Area served | 183 countries |
| Products |
|
| Fields | |
Official language | English, Italian, Portuguese, Spanish, French |
| Website | impact |
abillion is a mobile application helping users to find vegan and sustainable products.[1]
The platform allow users to review plant-based, cruelty-free and sustainable products, while donating between 0.10 and $1 to nonprofit organisations for each review written. As of May 2023, the company claims to have donated over $2.8M to various nonprofit organisations [2] including Sea Shepherd and Mercy for Animals.[3]
The main objective of the company is to reach the number of one billion people following a vegan diet and lifestyle by 2030.[4]
History
The american entrepreneur Vikas Garg founded the company in Singapore and the app has been officially launched in May 2018.[1]
The start-up was first named abillionveg and changed its name in 2020 to shorten it to abillion.[5]
In 2019, the company raised $3M in its first round of funding (pre-Series A).[6]
In 2021, it raised $10M in its Series A funding.[7]
In February 2023, the company announced the launch of a community investment round, using the crowdfunding platform Wefunder,[8] which reached a total of $500 000.[9]
In May 2023, it celebrated its 5th anniversary and reaching 1M downloads. [10]
Awards
Using data from the reviews published by its users, abillion is awarding the most liked vegan products and brands.
In May 2023, the company published a world Top 10 Best Plant Based Burgers, among the winning brands were Beyond Meat, NotCo and Sojasun.[11]
References
- ↑ 1.0 1.1 1.2 Georgieva, Antonia (3 February 2022). "Vikas Garg Aims To Inspire A Billion People To Go Vegan With Abillion App". https://plantbasednews.org/opinion/the-long-read/vikas-garg-abillion/.
- ↑ https://vegworldmag.com/abillion-the-super-app-that-promotes-sustainability-celebrates-milestone-with-new-partnerships-and-member-benefits/
- ↑ "Driving plant-based & sustainable change | abillion". https://impact.abillion.com/about.
- ↑ "A Billion Vegans by 2030?". November 2019. https://www.bloomberg.com/news/videos/2019-11-01/a-billion-vegans-by-2030-video.
- ↑ Ho, Sally (11 September 2020). "Q&A With abillionveg Founder Vikas Garg: "We've Created A Meritocracy Of Vegan Food"". https://www.greenqueen.com.hk/qa-with-abillionveg-founder-vikas-garg-weve-created-a-meritocracy-of-vegan-food/.
- ↑ Ng, Ren Jye (21 August 2019). "Vegan product review startup abillionveg raises US$2m in seed funding". https://www.businesstimes.com.sg/startups-tech/startups/vegan-product-review-startup-abillionveg-raises-us2m-seed-funding.
- ↑ "Sustainability Platform abillion Raises $10 Million in Series A Funding - vegconomist - the vegan business magazine". 15 December 2021. https://vegconomist.com/investments-finance/abillion-raises-10m/.
- ↑ https://vegconomist.com/investments-finance/fundraising/abillion-community-investment-round/
- ↑ https://vegconomist.com/company-news/facts-figures/abillion-five-year-anniversary/
- ↑ https://vegworldmag.com/abillion-the-super-app-that-promotes-sustainability-celebrates-milestone-with-new-partnerships-and-member-benefits/
- ↑ https://vegconomist.com/food-and-beverage/meat-and-fish-alternatives/abillion-worlds-10-best-plant-based-burgers-2023/
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