Digital Media Net - Your Gateway To Digital media Creation. News and information on Digital Video, VR, Animation, Visual Effects, Mac Based media. Post Production, CAD, Sound and Music
Categories: News

MyShoperoo No. 6 on National List of Most Fundable Companies

IRVINE, Calif.–(BUSINESS WIRE)–MyShoperoo, an on-demand, errand service for office workers, was ranked No. 6 among the most fundable startups in the U.S., according to a lengthy assessment by Pepperdine University and The Venture Alliance.

MyShoperoo, which plans to raise a seed round next year, topped more than 3,500 other startups on Pepperdine’s Graziadio Business School’s second annual Most Fundable Companies List.

“This validates the strength of our concept, the value we’re bringing to our clients and their employees, and the impact we’re having on the local economy,” said Chief Executive Krishna Vanka, who co-founded the company last year with Shaz Shaukat, Chief Product Officer.

MyShoperoo’s B2B errand service includes:

  • Purchases
  • Pick-ups/Deliveries
  • Returns/Exchanges
  • Donations
  • Other errands

Corporate clients buy the service as a perk for employees. Under the model, an employee places an order by 1 p.m. through MyShoperoo’s Google Play or iOS app for same-day delivery at 4 p.m. AI-based technology personalizes the employee experience, and GPS software optimizes routes for gig drivers, called “Shoperoos.”

Purchases are placed in freezer bags, keeping contents fresh.

Employees only pay for purchases, with no added service or delivery fees.

As part of the Pepperdine recognition, MyShoperoo will be featured on Entrepreneur.com Nov. 19 and in its December print issue, available that same day.

The evaluations were based on several criteria, including financial projections, market opportunity, intellectual property and strength of the management team.

About MyShoperoo

We are growing our on-demand errand service and customer base in Southern California and plan to expand to the Bay Area and Silicon Valley early next year. Our founders, Krishna Vanka and Shaz Shaukat, were key executives at Telogis Inc. when the company was acquired in 2016 for a reported $900 million by Verizon, and following the integration. The duo at Telogis built the world’s fastest route optimization engine used by some of the largest fleets in the U.S.

MyShoperoo is a graduate of the L.A. chapter of the Founder Institute, a startup accelerator in more than 180 cities, and is part of its Select Portfolio, a designation given to the top 2% of its 4,000 graduates.

MyShoperoo has won several pitch competitions and closed a pre-seed round in May. The company plans to raise a seed round next year.

Contacts

Krishna Vanka, CEO and Co-founder

media@myshoperoo.com
855-546-7376 x705

Staff

Recent Posts

Owe the IRS? Clear Start Tax Shares Critical Do’s and Don’ts to Avoid Costly Mistakes

From Common Myths to Smart Solutions, Clear Start Tax Explains How to Handle IRS Debt…

10 hours ago

Travis Manion Foundation Set to Honor 10,000 Military Heroes on Memorial Day Weekend Through the Honor Project

Volunteers Expand Their Service to 60 National Cemeteries DOYLESTOWN, PENNSYLVANIA / ACCESS Newswire / May…

10 hours ago

Nixxy Reports Over $1.39M in Q1 Revenue Following Strategic Pivot to AI Communications Infrastructure

Strong April and Forecasted May Growth Underscore Early Success in AI-Driven Strategy NEW YORK, NY…

10 hours ago

Interactive Strength Inc. (Nasdaq:TRNR) Shares New CEO Q&A Update Featuring TRNR and Wattbike CEO’s

Top-to-Top Conversation Details Further Integration Planning Following Strong Q1 Earnings Report AUSTIN, TEXAS / ACCESS…

10 hours ago

Elektros Announces Monumental Advancements in Sierra Leone Lithium Expedition

Electros, Inc., publicly traded, ticker symbol, E-L-E-KTicker Symbol: E-L-E-K SUNNY ISLES BEACH, FL / ACCESS…

10 hours ago

TS Newswire Scales Digital PR Services in India as Demand for Brand Visibility Surges Among Startups and SMEs

Founder Vivek Sharma emphasized that digital PR is no longer optional- it's a growth essential.…

10 hours ago