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Bindo
Bindo is a retail technology company, headquartered in New York, NY, APAC headquarter in Hong Kong. Its core product is a cloud-based Point of Sale system that enables online shopping for the end consumer. Bindo's hyperlocal marketplace allows merchants to run their stores and merchandise online and connect them with consumers in their neighborhood. Bindo creates a real-time product graph that connects brands, consumers, and merchants. ==History== Bindo was founded in October 2010, by JoMing Au, Brad Lauster and Jason Ngan. It was initially started by two friends, Ngan and Au, who both sold electronics on eCommerce websites during their college days. After graduation, Au worked in aerospace and Ngan in financial engineering.〔 After a while, on the side, they started to work on Bindo with the initial intention of trying to index available local inventory online. Ngan then met Lauster who shared a vision that shopping online at local stores shouldn’t be so difficult. They then decided to work together to create a marketplace to strengthen local economies by indexing the products and making it accessible through the local stores. It was initially launched in Manhattan.〔 The idea to start a hyperlocal marketplace got the attention of Gary Vaynerchuk, who then went on to become one of Bindo’s investors. Bindo had gained 180,000 customers and processed over $500 million in sales.〔 The company raised US$1.8 million seed round led by Gary, Metamorphic Ventures and East Ventures, along with angel investors.
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