Connect with us

Press Release

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

Published

5 years ago

on

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.

About Author

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.

See author's posts

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.

Related Topics:
Continue Reading

Press Release

Healing Oasis Massage and Wellness Recognized Among Edmonton’s Top Massage Centers for 2025

Published

2 hours ago

on

December 19, 2025

By

  • Edmonton’s leading wellness destination earns top-tier industry recognition for excellence in therapeutic care, client experience, and community impact.

Edmonton, AB, 19 Dec 2025, ZEX PR WIRE, Healing Oasis Massage & Wellness, a trusted name in therapeutic and holistic care in South Edmonton, has been officially recognized among Edmonton’s Top Massage Centers for 2025, highlighting its commitment to professional excellence, personalized treatments, and community-focused growth. The recognition places the clinic among the most reputable providers of massage in Edmonton, celebrated for its high standards, innovative service offerings, and exceptional client satisfaction.

This distinction reflects Healing Oasis’s steady rise as a preferred destination for residents seeking therapeutic massage, rehabilitation support, prenatal care, manual osteopathy, and integrative wellness services. With its dual-location presence in the Chappelle and Jagare Ridge communities, the clinic continues to deliver accessible, high-quality care to clients across South Edmonton.

Being recognized as one of Edmonton’s top massage centers reaffirms our commitment to delivering exceptional services for clients.

For Healing Oasis, this recognition represents more than an industry accolade — it affirms the clinic’s mission to create a supportive space where individuals and families can heal, rejuvenate, and maintain long-term wellness. Each therapist at the centre is trained to deliver highly personalized treatment plans, ensuring that every session aligns with the client’s health goals, lifestyle, and comfort level.

“We are grateful and deeply honoured to be recognized among Edmonton’s top massage centers this year,” said a representative from Healing Oasis Massage & Wellness. “This recognition reflects the trust our clients place in us every day. Our goal has always been to provide a safe space where people can relax, heal from pain, and invest in their well-being. We look forward to continuing that mission and serving our community with the highest level of professionalism and care.”

Healing Oasis’s growing reputation is owed in part to its diverse range of modalities. Clients have access to relaxation, deep-tissue, sports, hot-stone, and prenatal massage, as well as craniosacral therapy, reflexology, and trauma-informed treatments. The clinic is also known for its skilled approach to motor vehicle accident (MVA) recovery, offering tailored therapeutic sessions designed to reduce pain, support mobility, and restore function.

The recognition comes on the heels of the clinic’s recent expansion, which included the opening of the new Chappelle Annex at 14125 28 Ave SW. The satellite location — strategically positioned near the Co-op Car Wash — significantly increased treatment room capacity, improved scheduling flexibility, and enhanced access for clients across South Edmonton. Together with the main Chappelle clinic, Healing Oasis now offers extended weekday and weekend hours, making it easier for busy professionals, families, and walk-in clients to receive timely care.

Clients also benefit from seamless booking, flexible appointment availability, and direct billing for many extended health benefit plans — features that have helped cement Healing Oasis as one of the most client-friendly massage clinics in Edmonton.

This 2025 recognition further underscores Healing Oasis’s consistent dedication to excellence. The clinic’s leadership credits its success to a community-centered philosophy, a highly trained therapist team, and a commitment to creating a calming, welcoming environment for every client.

As Edmontonians continue to prioritize self-care, injury prevention, and long-term wellness, Healing Oasis plans to further expand its services, continue developing its team, and strengthen its role as a leader in therapeutic care for South Edmonton. Readers looking to avail any of their services are encouraged to find the contact information for Healing Oasis Massage & Wellness below.

About Healing Oasis Massage & Wellness

Healing Oasis Massage & Wellness is a multi-disciplinary clinic offering therapeutic massage, manual osteopathy, craniosacral therapy, reflexology, and advanced aesthetic services including laser hair removal and skin treatments. Known for its calming environment and skilled practitioners, the clinic focuses on customized care that supports recovery, pain relief, and overall wellness for clients of all ages.

Contact

Main – Chappelle (Jagare Ridge / by Save-On-Foods)
14230 28 Ave SW, Edmonton, AB
Hours: Mon–Fri 9:00 am–9:00 pm; Sat–Sun 9:00 am–6:00 pm

Additional Chappelle Location (by Co-op Car Wash)
14125 28 Ave SW, Edmonton, AB
Hours: Mon–Fri 10:00 am–8:00 pm; Sat 9:00 am–5:00 pm

Website & Booking: healingoasiswellness.ca

About Author

Cloud PR Wire

See author's posts

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.

Continue Reading

Press Release

Sunshine Jewelries Launches New Luxury Collection Designed for Milestone Celebrations

Published

2 hours ago

on

December 19, 2025

By

  • A new era of timeless elegance, handcrafted pieces made to honor life’s most meaningful moments.

California, US, 19 Dec 2025, ZEX PR WIRE, Sunshine Jewelries proudly announces the launch of its New Luxury Collection, a curated line of exquisite fine jewelry pieces designed to commemorate life’s most treasured milestones. From anniversaries and weddings to personal achievements, this collection captures the art of meaningful celebration through impeccable design, craftsmanship, and symbolism.

The Milestone Luxury Collection reflects Sunshine Jewelries’ commitment to creating heirloom-quality jewelry that goes beyond adornment. Each piece, featuring masterfully set diamonds, radiant gold finishes, and modern design elements, embodies the emotional essence of every unforgettable moment.

“Our new collection was created for those who cherish the beauty of life’s turning points,” said a spokesperson for Sunshine Jewelries. “Every bracelet, necklace, and pendant tells a story, not just of luxury, but of love, legacy, and individuality. We’ve designed this line to become part of our customers’ personal narratives, pieces that will be passed down for generations.”

With this launch, Sunshine Jewelries continues its tradition of combining timeless craftsmanship with modern elegance, offering pieces like the signature white gold diamond tennis bracelet, the gold V shaped diamond necklace, and the 14K rose gold diamond pendant, all meticulously handcrafted to ensure brilliance and durability.

The brand’s focus on accessible luxury remains at the heart of this new collection. Customers can explore the line through Sunshine Jewelries’ seamless online platform, featuring fast delivery, instant checkout, and real-time order tracking, making premium fine jewelry shopping both effortless and rewarding. The Milestone Luxury Collection launch represents more than a new product line — it embodies Sunshine Jewelries’ mission to help customers celebrate love, success, and life’s most defining moments with sophistication and meaning. The collection also aligns with growing trends in conscious luxury, reflecting the modern customer’s appreciation for artistry, ethics, and longevity in design.

This milestone launch reinforces Sunshine Jewelries’ dedication to helping customers celebrate love, achievements, and unforgettable experiences through meaningful craftsmanship. Sunshine Jewelries invites customers to explore this collection as a reflection of their own milestones, a tangible expression of life’s most cherished memories.

For inquiries, please contact Sunshine Jewelries using the details provided below.

About Sunshine Jewelries

Sunshine Jewelries is a distinguished fine jewelry brand known for its commitment to exceptional craftsmanship and timeless design. Specializing in handcrafted diamond and gold pieces, the company creates jewelry that embodies both elegance and durability.

With a clear commitment to professionalism, product reliability, and customer trust, Sunshine Jewelries continues to strengthen its position in the fine jewelry market. The brand’s collections reflect a balance of contemporary design and classic appeal, catering to customers who value authenticity, durability, and refined presentation.

Contact Us

Website: https://sunshinejewelries.com

About Author

Cloud PR Wire

See author's posts

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.

Continue Reading

Press Release

AI Vidya Awards USD $120,000 in Scholarships in 2025; Announces USD $1.2 Million Scholarship Plan for 2026 to Empower Underprivileged Communities

Published

4 hours ago

on

December 19, 2025

By

AI Vidya, a future-focused AI education initiative founded by Raj Varma, today announced that it has awarded approximately USD $120,000 in scholarships in 2025 to learners from underprivileged and underserved communities, reinforcing its mission to democratize access to high-quality AI education.

AI Vidya, a future-focused AI education initiative founded by Raj Varma, today announced that it has awarded approximately USD $120,000 in scholarships in 2025 to learners from underprivileged and underserved communities, reinforcing its mission to democratize access to high-quality AI education. Building on this momentum, AI Vidya has unveiled an ambitious plan to award approximately USD $1.2 million in scholarships in 2026, significantly expanding its impact across India and other emerging markets.

The scholarships are designed to help students, job seekers, and early-career professionals from economically disadvantaged backgrounds acquire job-ready skills in Artificial Intelligence, Machine Learning, Data Science, and Generative AI—skills that are rapidly shaping the global workforce.

“Talent is universal, but access to opportunity is not,” said Raj Varma, Founder of AI Vidya.
“Through our USD $120,000 scholarship initiative in 2025, we have already seen life-changing outcomes. Our USD $1.2 million scholarship commitment for 2026 reflects our long-term vision to ensure learners from underserved communities can actively participate in the global AI economy.”

Advancing Inclusive AI Education

Under the leadership of Raj Varma, AI Vidya’s scholarship programs prioritize:

  • Learners from low-income and marginalized communities
  • Students and professionals affected by unemployment and rapid technological change
  • First-generation learners aspiring to build careers in AI and emerging technologies

Scholarship recipients gain access to industry-aligned curriculum, hands-on projects, expert mentorship, certifications, and career guidance, enabling them to transition from learning to real-world impact.

2026 Vision: Scaling Opportunity

With a planned USD $1.2 million scholarship allocation in 2026, AI Vidya—guided by the vision of its founder Raj Varma—aims to:

  • Train and upskill thousands of learners in future-ready AI competencies
  • Collaborate with educational institutions, NGOs, and industry partners
  • Create sustainable pathways to employment, freelancing, and entrepreneurship

About AI Vidya

Founded by Raj Varma, AI Vidya is an AI education and upskilling platform committed to preparing individuals for the future of work. By combining strong foundations, applied AI learning, and a growth-oriented mindset, AI Vidya empowers learners to build meaningful, long-term careers in Artificial Intelligence.

Learn more: https://www.aividya.org

Media Contact:
AI Vidya – Communications Team
Email: info@aividya.org
Website: https://www.aividya.org

Media Contact

Organization: AI Vidya

Contact Person: Nancy H

Website: http://www.aividya.org

Email: Send Email

Contact Number: +18553600099

Address:447 Broadway, 2nd Floor

Address 2: New York, NY 10013

City: New York

State: NY

Country:United States

Release id:39293

The post AI Vidya Awards USD $120,000 in Scholarships in 2025; Announces USD $1.2 Million Scholarship Plan for 2026 to Empower Underprivileged Communities appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

file

About Author

Cloud PR Wire

See author's posts

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.

Continue Reading

LATEST POST

Like Us
Follow Us
Subscribe Us
Follow Us