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Articles related to "sneaker"


Tokyo-based SODA, which runs Japan's largest sneaker resell platform, lands $22 million led by SoftBank Ventures Asia

  • Tokyo-based SODA, which runs sneaker reselling platform SNKRDUNK, has raised a $22 million Series B led by SoftBank Ventures Asia.
  • For example, StockX, one of the biggest sneaker resell platforms in the world (which hit a valuation of $2.8 billion after its recent Series E), said May and June 2020 were its biggest months for sales ever.
  • Launched in 2018, SNKRDUNK now has 2.5 million monthly users, which it says makes it the largest C2C sneaker marketplace in Japan.
  • Like StockX and GOAT, SNKRDUNK’s user fees cover authentication holds before sneakers are sent to buyers.
  • The company partners with FAKE BUSTERS, an authentication service based in Japan, to check sneakers before they are sent to buyers.
  • SODA plans to work with other companies in SoftBank Venture Asia’s portfolio that develop AI-based tech to help automate its operations, including logistics, payment, customer service and counterfeit inspection.

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