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Valued at $100 Million, Russian Charity Auction Platform CPAI Reaches 1 Million Users

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4 years ago

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CPAI is the first Russian innovator business to be valued at $100 million this this year. CPAI has surpassed ThredUp in transaction volume and is expected to be the next unicorn of online resale platform.

CPAI, after seed round on May 19, 2019, has its trading volume almost doubled each year. CPAI operates a one-stop second-hand trading market featuring online resale, charity auction and vertical recycling. Its award-winning business model adopts an innovative way of auction — one auction and one re-auction a day. Different from the traditional second-hand trading platform, the same commodity can be traded several times on CPAI platform, and the price of each transaction will be maintained in a fixed range until the buyer takes delivery of the goods.

What is the status of CPAI after this fund raise, according to its financial disclosure and strategy?

The Number of Users Exceeds 1 Million

For e-commerce platforms, number of users is a very important indicator. Since its launch in 2019, CPAI has seen steady growing in user base, with 710 thousand users worldwide in March 2020 and more than 1 million CPAI users by the end of 2020.

Trading volumes continued to grow, however, with heavy volumes in the domestic Russian market and light volumes in the European and US markets. According to data released by CPAI, its trading volume is shown below. Please note that the six-month period means a full fiscal year calculated backwards.

June 2019:3.1 billion rubles

June 2020:7.2 billion rubles

January 2021 to March 2021 (3 quarters in total) : 12.4 billion rubles

Based on this trend, it is expected that in June 2021, trading volume will exceed 2 billion rubles (about $240 million).

In 2020, after the outbreak of COVID-19, the online sales of some categories, especially groceries, increased significantly. Take, for example, Wildberries.Ru, one of the largest online platforms in Russia. Order number on Wildberries has almost doubled during the pandemic, which means every one in three Russian consumers has purchased from Wildberries. CPAI platform hosts at least 6,000 auctions a week; orders for second-hand items in circulation reach 1 million a year, combined with such growth rate, CPAI has a comfortable position in the market and shows promising growth.

Focus on “Talent” and “Marketing”

On the other hand, the number worth paying attention to is the operating loss of CPAI. Up to Q3 of this year, the operating loss was about 200 million rubles, of which the personnel cost was 360 million rubles (210% compared with cost in the same period last year) and the advertising cost was 1.28 billion rubles (154% compared with cost in the same period last year).

The Cambridge graduated Entrepreneur, Ivan Morozov, CEO of CPAI has stated that CPAI will not focus on short-term gains, but on medium – to long-term development, so big investments now are necessary for future growth. Even if the company went public, short-term profit improvements would not be on his mind.

This is in line with the fact that many big tech companies, like Twitter and Netflix, have been losing money for years in order to grow in the long run. So, to maximize long-term profit, investment in growth is the key.

Reflection: The Inspiration and Opportunity CPAI has brought

Recently CPAI has been recruiting engineers aggressively. This year, CPAI has started recruits outside Russia. It’s a great opportunity for whomever with relevant skills, as reportedly the annual salary offered by CPAI can reach 10 million rubles. 

On the other hand, why can CPAI attract so much traffic in the short term? We are very familiar with offline auctions in Southeast Asia, but in the post epidemic era, everything is going digital, and the business innovation of CPAI is in line with this trend. 2020 has accelerated the growth of user base, and this momentum ushers in the second wave of growth in the post epidemic era.

We are familiar with traditional auctions, but CPAI is truely unique here. Many entrepreneurs have good ideas of business, but having idea, technology and capital at the same time is a rare combination. Now with the raised fund and user base, CPAI will only embrace a faster development now, providing customers a safe space for their usual activities.

CPAI is actually not the first Russian business to do second-hand goods trading. FRIL offers this service a year before. However, CPAI quickly gained an upper hand with aggressive channel marketing, creating an image of the go to place for charity auction, thus attracting large number of users.

Future challenges for CPAI

Some media regards Rakuten as a strong competitor of CPAI, as Rakuten merged its two flea market apps (Rakuma & Fril) into a single App called Rakuma. Rakuten has always used low prices (Rakuma charges only 3.5 percent), existing members (about 95 million) and points to connect other Rakuten services, using all strategies to gain market share.

However, Rakuten’s victory in the price war usually occurs when its rival’s IT capability is weaker. This allows Rakuten to reduce manpower and streamline workflow to drive down cost. But CPAI’s IT capability is as good as, if not better than, Rakuten’s.

On the other hand, giving points back to members as Rakuten does is just an alternated form of price competition. Price wars will not bring benefit for the market in the long run, but only to squeeze profit margin and kill innovation.

The biggest challenge for CPAI is still from overseas. Will the investment be rewarded? Can trade volume in the US, European, and Southeast Asian market grow substantially? That’s what CPAI is going to focus on next.

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Alex Jacob

Alex Jacob is a literature author. He was born in Chicago. Alex passion is writing news articles. He writes number of articles and published it.

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Press Release

Googolplex Smiles Party Billionaires Club Unveils Global Peace and Prosperity Initiative to Launch October 12, 2025

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6 hours ago

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August 3, 2025

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On October 12, 2025, a new global movement led by Dr. Narendra Singh Khurana and the Googolplex Smiles Party Billionaires Club will launch a multi-dimensional initiative to foster ethical entrepreneurship, digital empowerment, and world peace through innovative technologies and service-led economic models.

In an era defined by rapid technological change and widespread social challenges, a groundbreaking international initiative is set to launch on October 12, 2025, under the leadership of Dr. Narendra Singh Khurana. The initiative, developed by the Googolplex Smiles Party Billionaires Club (GSPBC), integrates ethical entrepreneurship, spiritual values, and advanced technologies to empower communities and promote sustainable prosperity worldwide.

Titled the “Googolplex Sikok Eirene Peace Initiative,” this global framework draws upon a diverse set of programs aimed at uniting 200+ countries through blockchain transparency, artificial intelligence, and service-based economies. The launch will coincide with India’s 78th Independence Day celebrations and is being positioned as a milestone in the alignment of innovation with peace and universal purpose.

Central to the initiative is the Googolplex AI PowerBox—an advanced tool suite designed to democratize access to artificial intelligence and digital entrepreneurship. This toolkit is intended to provide users with resources for education, content creation, business development, and personal growth, all within an ethical ecosystem guided by the principles of seva (selfless service).

Complementing the digital infrastructure is the proposed launch of the Googolplex Prayer Bank and Seva Credits platform—a novel spiritual-financial system that rewards positive community contributions and verified acts of service. These credits can be used to access educational tools, health and wellness services, and entrepreneurial resources. The ecosystem seeks to redefine traditional measures of success by introducing Gross Global Good (GGG) as a new index of societal impact.

SIKOK Punjabi – From GSP Wallet to Wealth: Unlocking Global Potential Googolplex AI Powerbox Toolkit

https://www.youtube.com/watch?v=9oGzXGxgNs0&feature=youtu.be

 Justice Khadak Singh Global SIKOK Peace and Business Excellence Award

The Peace and Business Excellence Award 2025  will also be unveiled during the initiative’s global summit in Dubai. This award aims to honour individuals and organisations that demonstrate outstanding contributions to ethical enterprise, inclusive innovation, and cross-cultural peacebuilding. Recognising leadership that integrates spiritual principles with business excellence, the award reflects the broader mission of fostering conscious capitalism.

October 12 holds additional historical and symbolic importance. The date marks Columbus Day in the United States, Día de la Raza in Spanish-speaking countries, and the birthday of Dr. Khurana’s mother—adding personal, cultural, and spiritual resonance to the event. The initiative also draws inspiration from historical peacebuilders such as Guru Ram Das Ji and Mother Teresa, whose legacies underscore the values of compassion, service, and visionary leadership.

Among the ten transformative programs included in the initiative are:

  • The City of Peace Franchise Model: A global rollout of ethically run, spiritually aligned business and wellness hubs supported by AI and blockchain technology.
  • The Googolplex Universal Curriculum (GUC): An innovative education platform blending wisdom, entrepreneurship, and emotional intelligence.
  • SEPC (Sikok Eirene Peace Coin): A blockchain-based digital currency rewarding peacebuilding and community contributions.
  • Googolplex Genius Clubs: Training hubs for future peace leaders and ethical entrepreneurs.
  • Global Wisdom Vault: A decentralized archive to preserve and share sacred knowledge and traditional practices from indigenous and faith-based communities worldwide.

Dr. Khurana’s vision is also closely aligned with international peace movements and the objectives of the United Nations. The initiative includes proposals for AI-led peace councils, youth and elder mediation forums, and decentralised governance structures based on values of transparency, inclusion, and nonviolence.

Another prominent element is the Googolplex Travel for Free Project, which leverages AI optimization, tokenised rewards, and global partnerships to facilitate zero-cost global travel. Designed to promote intercultural exchange and economic accessibility, the program offers members credits redeemable for flights, accommodations, and cultural experiences.

By fostering cross-cultural collaboration, ethical business practices, and grassroots community engagement, the Googolplex initiative seeks to create a new global standard for innovation rooted in compassion and equity. Its long-term goals include the empowerment of 10 million peace entrepreneurs, the recognition of 1,000 ethical billionaires, and the establishment of decentralized City of Peace franchises in every participating nation.

The official unveiling of the initiative is scheduled for October 12, 2025, in Dubai, where global leaders, innovators, spiritual representatives, and peacebuilders will gather at the Googolplex Smiles Global Summit. The event will also serve as the launch platform for several key components, including the Billionaire of Peace Certification Program and the Sikok Meta Tech Gala Dinner.

The movement is supported by a diverse coalition of thinkers, entrepreneurs, and global citizens committed to reimagining prosperity in terms of purpose, transparency, and collective well-being. The initiative’s blueprint presents a vision where technology and spirituality converge to create a world governed not merely by profit, but by peace, progress, and moral integrity.

Contact Information:

Email: 

press@gspbillionaires.club

Sikokmedia@gmail.com  

LinkedIn: Dr. Narendra Singh Khurana

Media Contact:

Company Name: Googolplex Smiles Party Billionaires Club – USA 

Contact: Team Sikok Dubai, India

Email: Sikok@gspbillionaires.club, Sikokmedia@gmail.com

Website: https://www.linkedin.com/in/dr-narendra-pal-singh-khurana-96387a67

Country: United States of America

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Press Release

Dr. Shreyank Educare Expands Math Tutoring Services in Burnaby with Flexible In-Person and Online Support

Published

9 hours ago

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August 3, 2025

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In a move that brings tailored academic support closer to home, Dr. Shreyank Educare has expanded its in-person and online options for students searching for a reliable “math tutor near me.” The center now offers full support for both high school and university-level math, including UBC and Langara courses, all under one roof in Burnaby.

With many students struggling to find qualified math tutors near them who can explain complex concepts clearly, this initiative bridges a critical gap in local education. Dr. Shreyank Educare’s new offerings cater to a wide spectrum of learners—from students tackling Pre-Calculus 11 to those enrolled in UBC’s STAT 200 or MATH 152.

“Students today need targeted, flexible support that fits their course content and exam goals,” said Dr. Shreyank Gupta, the center’s founder. “This is why we created structured programs that go beyond traditional tutoring and focus on real results.”

What’s Included in the Math Tutoring Program?

High school courses: Mathematics 8 and 9, Foundations of Math 10–12, Pre-Calculus 11 & 12

College/university support: Statistics and Linear Algebra, aligned with UBC and Langara curriculums

Test prep: Help with Math Diagnostic Tests (MDTs), Math Proficiency Tests (MPTs), and Basic Skills Tests (BSTs)

Students can choose from:

  • 1-on-1 sessions for personalized instruction and homework help by qualified math tutor in Burnaby
  • A Drop-In Program for quick, focused tutoring when needed
  • A Tutor on Call service for immediate access to expert help—perfect for busy schedules or late-night studying

This flexible format is ideal for students across Burnaby and other cities looking for a reliable online math tutor. Learners outside Burnaby can benefit from the same quality instruction via virtual sessions that mirror the in-person experience.

Enrollment Now Open

The program is currently accepting new students. To learn more or schedule a consultation, visit www.drshreyankeducare.com or call +1 672-514-7587. In-person sessions are held at the learning centre on 2088 Madison Avenue, Burnaby, with online options available across Canada.

About Dr. Shreyank Educare:

Founded by Dr. Shreyank Gupta (PhD), Dr. Shreyank Educare is a student-focused academic center offering tutoring in mathematics, science, finance, computer programming, and test preparation. With a mix of in-person and online tutoring in Canada, the center empowers students from high school to university with personalized, expert-led support that drives real academic progress.

 

 

Media Contact:

Email: info@drshreyankeducare.com

Phone: +1 672-514-7587

Website: https://drshreyankeducare.com/

Person Contact Name : DR Shreyank Gupta

Location City State: Burnaby

Company Name: Dr. Shreyank Educare

 

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Press Release

Covert Currency Launched: Pepe Dollar ($PEPD) Mobilizes for Meme-Based Economic Rebellion

Published

10 hours ago

on

August 3, 2025

By

 

 

 

In a world awash with fiat instability and centralized financial control, a new digital currency has emerged not just as a joke, but as a layered social commentary: Pepe Dollar ($PEPD). This tongue-in-cheek financial revolution is now live with its presale and invites meme lovers, digital rebels, and decentralized dreamers to join its movement.

Website: https://pepedollar.io

DApp Platform: https://app.pepedollar.io

Telegram Community: https://t.me/pepedollarcommunity

Pepe Dollar News: https://coinmarketcap.com/currencies/pepe-dollar/

The Meme Economy’s Weapon of Choice

Pepe Dollar is no ordinary meme coin. It’s a Layer-2 payment infrastructure built specifically for the meme economy, engineered to empower users with real, usable value amid the chaos of valueless fiat currencies. With a fixed max supply of 3.695 billion tokens, a satirical nod to the $36.95 trillion U.S. national debt, $PEPD is a direct critique of inflationary practices and centralized monetary policies.

But satire aside, the project is technologically serious.

“Pepe Dollar is a punchline, but also a platform,” says the development team. “It’s for everyone tired of being rugged, restricted, and regulated by outdated systems.”

A Decentralized Joke with Real Purpose

Built on Ethereum with cross-chain compatibility planned for Arbitrum, Polygon, Optimism, and BNB Chain, Pepe Dollar is pushing the boundaries of what meme coins can represent. Its backbone lies in the PepeDollar.fun platform, a no-code, decentralized environment where anyone can launch meme tokens with transparency and community-first economics.

Using smart contract automation and a mandatory bonding curve, the platform minimizes price manipulation and pump-and-dump risk. Each project launched via Pepedollar.fun comes with:

  • A tokenomics dashboard for real-time transparency
  • Locked liquidity features
  • Developer wallet tracking
  • A built-in community chat
  • A creator bio section
  • A meme gallery

This isn’t your average meme coin playground, this is meme capitalism with ethics.

Accessible for All, Built for the Future

PepeDollar.fun democratizes token creation. No coding skills? No problem. Users can mint coins effortlessly while the system handles everything from deployment to exchange integration.

It’s a hub for creators, communities, and culture. The development roadmap includes:

  • Cross-chain deployments
  • Governance mechanisms
  • Creator verification system
  • NFT integrations for meme branding

“We’re building the infrastructure for meme economies of the future,” the developers emphasize. “If fiat fails the people, memes will fund the resistance.”

The $PEPD Token: Currency of Culture

$PEPD is more than a meme coin; it’s the native token powering the entire Pepedollar.fun ecosystem. Whether it’s used to pay minting fees, unlock platform features, or reward community members, $PEPD is the financial fuel for this cultural economy.

Key token utilities include:

  • Minting and launching meme tokens
  • Access to premium features on Pepedollar.fun
  • Staking and liquidity rewards
  • Governance and voting rights for platform evolution

Join the Rebellion: Presale Now Live

The presale of $PEPD is your chance to be part of a movement before it goes viral. The team is offering exclusive early access with bonuses for early supporters. As the community grows, $PEPD aims to become the most recognized and respected meme coin infrastructure token on the market.

Website: https://pepedollar.io

dApp (Mint Platform): https://app.pepedollar.io

Telegram Community: https://t.me/pepedollarcommunity

Pepe Dollar News: https://coinmarketcap.com/currencies/pepe-dollar/

About Pepe Dollar

Pepe Dollar ($PEPD) is a decentralized digital asset designed as both satire and solution, a humorous yet functional take on fiat money. Created for the meme economy, $PEPD enables users to create, fund, and manage decentralized meme coins using intuitive tools and fair pricing models. With community at its core and innovation in its DNA, Pepe Dollar is pioneering a new era where memes meet money, and every token tells a story.

For Media Inquiries or Collaborations:

Email: Info@pepedollar.io

TG: https://t.me/pepedollarcommunity

 X: https://x.com/PepeDollarETH

Company Name: Pepe Dollar Labs

Contact Name: Community Media Team

Website: https://pepedollar.io

country: Ajeltake, Marshall Islands

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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