December 15th, 2015

Shoppable Inc. expands to Europe with Post-Brexit UK investment

Shoppable Inc. expands to Europe with Post-Brexit UK investment
Cozy from Shoppable aims to revolutionize the fashion and home decor industry.
Shoppable Inc. launches Cozy to expand in the United Kingdom, after seeing great success with Dropshyp. Joe Todd, the current Shoppable group CMO will take the position as the companies UK subsidiary CEO. Terry McGinnis, current CEO of Dropshyp will step-down and will act in an advisory capacity for the project, while current Chief Financial Officer, Kartik Gurmule will take reigns of the vacant position. Mr. McGinnis will remain as the group’s CEO and President.

San Jose based startup - Shoppable Inc. has seen enormous success in the e-commerce world and is now eyeing expansion to Europe, with its first stop being Britain on its way to global domination. The company has received a further $7 million in funding for its operational costs within the U.S., as well as expansion abroad, with $5 million being used for Cozy alone.

Group Chief Marketing Officer, Joe Todd made a statement: "We've seen such enormous success with Dropshyp, reaching 500,000 products from 2,000 suppliers it became apparent that what we are doing now, will resonate in the history books forever. In addition to this, we’re celebrating our Hong Kong warehouse opening and taking in additional staff in record numbers. We've agreed to take in additional funding to expand globally and invest in local economies, one of which is my own backyard, Britain."

We started testing waters with several acquisitions in Media and Entertainment and saw great success. We are now fully ready to expand this into commerce and start trade on a grand scale, by introducing Cozy.co.uk - our partners who had seen great success with Dropshyp, and who are looking to sell to a UK market have long waited for an opportunity such as this. UK market is dominated by few, quite outdated businesses that revel in past-accomplishments, and I believe it's time to disrupt and provide an alternative experience to both our partners and buyers alike."

Cozy is set to make its debut launch in November and will begin its big marketing push in early 2021. Joe Todd, the current Shoppable group CMO will take the position as the companies UK subsidiary CEO. "It's really a great honor to be recognized for talents and hitting performance goals. We're nearing 100 employees across the US, and are eager to branch out more and offer opportunities to those who otherwise could not receive them under conventional means."

As Shoppable Inc. expands its reach globally, Terry McGinnis, current CEO of Dropshyp will step-down and will act in an advisory capacity for the project, while current Chief Financial Officer, Kartik Gurmule will take reigns of the vacant position. Mr. McGinnis will remain as the group’s CEO and President.

Dropshyp is expanding rapidly but so are our other brands which require careful planning and execution in the ever-changing landscape. I have decided to transfer the role of Chief Executive Officer to my good friend, colleague, and business partner Kartik Gurmule who will lead the San Jose Dropshyp and Nagpur teams to expand Dropshyp further afield, while I focus on the overall management of the entire group of companies in San Jose.

This marks a monumental achievement for the company, Shoppable Inc., and it’s UK based subsidiary with additional funding coming into the group company and expansion across Europe and East Asia.

Media Contact
Company Name: Shoppable Inc.
Contact Person: Media Relations
Email: Send Email
Phone: +1(888)-300-5379
Address:410 E Santa Clara Street
City: San Jose
State: California
Country: United States
Website: www.cozy.co.uk


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