PangoBooks
PangoBooks is a community-driven marketplace that allows users to buy and sell used books directly with other readers. The platform facilitates the creation of personal online bookstores, enabling users to easily list their books, manage sales, and ship them to buyers. PangoBooks offers a mobile app with tools for listing books via photos and barcode scanning, simplifying the selling process. They also provide customer support and handle customer service for sellers. The business model involves a 20% sales fee on sold books, with a minimum fee of $0.40, covering processing, support, and insurance. Users can earn cash or receive a 2% bonus if they use their earnings to purchase more books on the platform. PangoBooks aims to make selling books accessible and efficient for its community of book lovers.
PangoBooks
PangoBooks is a community-driven marketplace that allows users to buy and sell used books directly with other readers. The platform facilitates the creation of personal online bookstores, enabling users to easily list their books, manage sales, and ship them to buyers. PangoBooks offers a mobile app with tools for listing books via photos and barcode scanning, simplifying the selling process. They also provide customer support and handle customer service for sellers. The business model involves a 20% sales fee on sold books, with a minimum fee of $0.40, covering processing, support, and insurance. Users can earn cash or receive a 2% bonus if they use their earnings to purchase more books on the platform. PangoBooks aims to make selling books accessible and efficient for its community of book lovers.
TL;DR
What: Community-driven marketplace and mobile app for buying and selling new and used books
Founded: 2021
Headquarters: Nashville, Tennessee, United States
Founders: Grant Singleton and Steve Singleton
Funding: At least Pre-Seed and Seed rounds (2021)
Business model: 20% sales fee on sold books (minimum $0.40)
Company Overview
Problem Domain
Peer-to-peer marketplace for used and new books; simplifies selling, buying, and discovery for book lovers.
Founded
2021
Industry
Marketplace / E-commerce
Funding Track Record
Investor Signal
“David Kalt and eonCapital participated as lead investors in early rounds”