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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

TXTVIEWS AIs 15 USD per Month Pack Bring All Your Content Tools into One Easy AI Platform

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2 hours ago

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September 17, 2025

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TXTVIEWS AI launches $15/month and $1080/year plans, uniting voice, image, text, and chatbot tools in one AI platform—powered by GPT-4 & CEMAFusion Engine. New Book Release Announcement: TXTVIEWS is also excited to announce Indian Payment Systems: Handbook 2029 by Mohammad Asad, now available for pre-order at https://store.txtviews.com.

United Arab Emirates, 17th Sep 2025 – TXTVIEWS, a leading digital technology company, launched TXTVIEWS AI’s new subscription plans: a $15/month Starter Pack and a $1080/year Premium Pack.These plans deliver a unified platform for creating professional voice-overs,images, text, and chat bots, eliminating the need for multiple subscriptions.Powered by advanced AI models like GPT-4, DALL·E, and Whisper, and enhanced by the proprietary CEMAFusion Engine, TXTVIEWS AI offers unmatched flexibility to choose and compare models within a single dashboard.Tailored for creators, marketers, educators, and businesses, TXTVIEWS AI makes high-quality content creation affordable and efficient, positioning it as a vital tool in today’s digital landscape.

One Platform for All Content Needs
TXTVIEWS AI simplifies content creation by integrating voice-overs, image generation, text production, and chatbot development into one intuitive platform. Unlike solutions requiring separate tools for each function, TXTVIEWS AI streamlines workflows, saving time and costs. Its multi-model approach, driven by the CEMAFusion Engine, allows users to select from leading AI models and compare outputs in real time, ensuring tailored results for every project. Whether crafting a podcast voice-over, designing social media visuals, or writing SEO-optimized copy, TXTVIEWS AI delivers professional grade results with ease.

The new subscription plans make this accessible to a wide audience:

– Starter Pack ($15/month): Designed for freelancers, educators, and small businesses, this plan provides full access to all TXTVIEWS AI features at an affordable price, enabling high-quality content creation without complexity.

– Premium Pack ($1080/year): Built for agencies and high-volume users, this plan offers unlimited access, advanced model options, and priority support, with significant savings over monthly billing.

 

 

“TXTVIEWS AI removes the barriers of fragmented tools, high costs and multiple subscriptions,” said Mohammad Asad, an Indian Institute of Technology(IIT) Kanpur graduate and TXTVIEWS founder. “With all content creation tools in one platform and the ability to choose the best AI model for the job, we’re empowering users to create efficiently. The $15/month Starter Pack makes accessible for a broader audience, while the $1080/year Premium Pack supports those scaling their work and the multi-year plan is aimed at the enterprise and high-volume users, supporting scalable content creation.”

TXTVIEWS AI’s integrated platform and model flexibility set it apart. Key features include:

– Voiceovers: Produce multilingual, professional-grade voiceovers for videos, podcasts, or presentations using Whisper.

– Images: Create visuals for branding, social media, or e-commerce with DALL·E.

– Text: Generate SEO-optimized blogs, ad copy, or product descriptions with GPT-4.

– Chatbots: Build custom chatbots for customer support or engagement, aligned with your brand.

– Model Flexibility: Select and compare AI models within the dashboard for optimal results.

– Unified Dashboard: Access all tools in one place, eliminating the need for multiple subscriptions.

 

TXTVIEWS AI is part of TXTVIEWS’ mission to empower creators, consumers, and innovators through existing three verticals and working on new cutting edge technology:

– TXTVIEWS News: A media platform offering expert insights on technology, AI, and finance through news, blogs, and sponsored content.

– TXTVIEWS AI: A unified content creation platform, delivering flexibility and affordability.

– TXTVIEWS Store: A secure digital marketplace with curated products, expanding to include eBooks and online courses.

These verticals position TXTVIEWS as a global leader in digital innovation, connecting content, AI, and e-commerce. The company plans to expand its global reach in the coming years.

By combining all tools into one platform with flexible model options, TXTVIEWS AI empowers users to focus on their craft. “Our focus is on simplicity and value generation,” said Mohammad Asad, founder of TXTVIEWS. TXTVIEWS invites creators, marketers, researchers, and businesses to explore TXTVIEWS AI with the $15/month Starter Pack or $1080/year Premium Pack. Visit https://ai.txtviews.com to experience the platform’s unified tools and model flexibility. Follow TXTVIEWS AI on X(twitter) at @TXTVIEWSAI for updates on AI, technology, and e-commerce. New Book Release Announcement: TXTVIEWS is also excited to announce Indian Payment Systems: Handbook 2029 by Mohammad Asad, now available for pre-order at https://store.txtviews.com 

For media inquiries or partnerships, contact contact@txtviews.com or visit www.txtviews.com 

Media Contact

Organization: TXTVIEWS.com

Contact Person: Founder TXTVIEWS AI

Website: https://txtviews.com

Email: Send Email

Country:United Arab Emirates

Release id:34049

The post TXTVIEWS AIs 15 USD per Month Pack Bring All Your Content Tools into One Easy AI Platform 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

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CryptoDaily Announces the 2025 Awards, Celebrating the Builders, Traders, and Storytellers Shaping Web3

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2 hours ago

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September 17, 2025

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CryptoDaily, one of the industry’s most dynamic media platforms, announced the winners of the 2025 CryptoDaily Awards, marking the fourth year running that the publication has recognized the personalities pushing Web3 into new territory. Since the awards first launched in 2022, they have spotlighted movers and shakers who turn volatility into momentum and creativity into lasting progress.

This year’s edition once again cast the spotlight on seven core categories: entrepreneurship, development, design, PR and marketing, public speakership, opinion leadership, and trading. The 2025 honorees reflect a simple truth: Web3 keeps growing because its builders keep experimenting, creating, and speaking with conviction.

How the Awards Came Together

For 2025, the awards carried forward a familiar idea: headlines may have focused on crises and corrections, but the real story came from those who kept showing up. The jury, backed by CryptoDaily’s editorial board, selected winners after weighing impact, consistency, and originality across the field. Each category highlighted not only a jury’s choice, but also a runner-up and a CryptoDaily honorable mention – a format designed to show that progress in Web3 takes both front-line leadership and the often overlooked contributions happening in the background.

This year’s jury panel featured:

  • Zach Bruch – serial entrepreneur, founder of MyPrize, co-founder of RECUR and Switchboard
  • Muneeb Ali – co-founder of Stacks, pioneer of proof-of-transfer consensus
  • Mo Shaikh – co-founder of Aptos Labs, layer 1 innovator
  • Mike Ermolaev – founder of Outset PR, author of the “Crypto Opinion” series
  • Gracy Chen – CEO of Bitget, global speaker and advocate for inclusion
  • Maria Carola – CEO of StealthEX, leading growth in non-custodial exchanges
  • Brett Harrison – founder and CEO of Architect, former president of FTX US
  • William Entriken – honorable jury member, lead author of ERC-721 and NFT standard-setter

Who Took Home the 2025 Awards

Entrepreneurship: Vlad Gorbunov, founder of Choise.ai, took jury’s choice for building a $1B crypto-fiat ecosystem. Diana Biggs of 1kx was runner-up, while Lionel Iruk of NAVMarkets earned an honorable mention for his work bridging crypto with global regulation.

Development: Ivan Liljeqvist (Ivan on Tech), founder of Moralis Academy, was named jury’s choice for his impact on blockchain education worldwide. Denis Angell of XRPL-Labs was runner-up, while Reece Williams received an honorable mention for his work across the Cosmos ecosystem.

Design: Mirko Pratofiorito of LayerZero Labs took Jury’s Choice for pushing Web3 design into bold new territory. Plinio Braga of Kleros followed as runner-up, and Laura Bosazzi of BlockSplit earned an honorable mention for her user-focused approach.

PR & Marketing: Julia Magas, co-founder of Magas PR and M8M Agency, was jury’s choice for blending financial analysis with media storytelling. Oded Onn of StarkWare was runner-up, while Nikita Sachdev of Luna PR received an honorable mention for her global campaigns and broadcast work.

Public speakership: Dan Held, partner at Asymmetric, took jury’s choice for a decade of Bitcoin education and industry leadership. Anton Golub of Freedx was runner-up, and Pedro Vidal of Floki earned an honorable mention for his community-driven voice.

Opinion leadership: Sam Elfarra, TRON spokesperson, was recognized as jury’s choice for shaping blockchain adoption narratives. Tim Kotzman, host of The Bitcoin Treasuries Podcast, was runner-up, and Alex Matsuo of AWS earned an honorable mention for bridging enterprise and Web3.

Trading: Adrian Zduńczyk, founder of Birb Nest, was the jury’s choice for his trading methodology and global community. Avi Felman of GoldenTree was runner-up, and Elroy Heisterkamp of DayTradingCommunity earned an honorable mention for combining trading with coaching.

Where the Awards Go From Here

Speaking on the awards, a CryptoDaily editor noted:

“Every cycle has its turbulence, but what stands out year after year is the resilience of the people behind Web3. This class of honorees rode the waves and built the ships that carried everyone forward. These are the names that remind us why the industry matters, and why it keeps moving.”

Now in its fourth year, the CryptoDaily Awards have evolved into a fixture of the Web3 calendar, offering a moment to pause and celebrate the personalities shaping the ecosystem’s direction.

This year’s ceremony closed with a reminder that the story is far from over. 2026 will bring new challenges, new breakthroughs, and new voices ready to step into the spotlight.

About CryptoDaily

CryptoDaily is a global media platform covering the latest in cryptocurrency, blockchain, and Web3. Known for sharp commentary and fast coverage, CryptoDaily delivers daily news, analysis, and insights to a worldwide audience. Since 2022, the CryptoDaily Awards have celebrated the doers who make Web3 real, with plans to keep honoring new voices year after year.

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Press Release

A new breakthrough in cloud mining: Fleet Miner and XRP achieve high daily returns

Published

3 hours ago

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September 17, 2025

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The integration of Fleet Miner, a global cloud mining platform, and XRP provides users with a faster and more environmentally friendly way to mine. Users require no hardware investment; simply register an account to receive a $15 bonus and start earning daily returns from day one.

The addition of XRP marks a new level of convenience and sustainability in digital asset participation. Known for its instant settlement, low transaction costs, and high liquidity, XRP provides users with an efficient deposit method, avoiding the delays and high fees of traditional payments. Furthermore, Fleet Miner cloud mining requires no expensive hardware or complex maintenance, making it both easier for beginners and more scalable for experienced miners.

How to Make a Stable Daily Income of $10,000 with Fleet Miner

Users can start mining in three steps:

Step 1: Register an Account

Sign up for a free account in just one minute and automatically receive a $15 bonus, with daily returns of approximately $0.60.

Step 2: Choose a Contract

The platform offers a variety of mining contracts, catering to both users seeking quick profits and investors seeking long-term returns.

Step 3: Start Profiting

The system runs automatically, requiring no additional management. Daily profits are deposited directly into your account and can be withdrawn to your personal crypto wallet at any time.

Platform Advantages Include:

  • Receive an instant $15 bonus upon registration
  • Daily dividends for high returns
  • No additional service or management fees
  • Supports over ten major cryptocurrencies, including BTC, ETH, DOGE, USDT, BNB, and XRP
  • Invite bonus program up to $88,888

Security backed by McAfee and Cloudflare, 24/7 technical support, and 100% uptime

By introducing XRP, Fleet Miner sets a new industry benchmark in efficiency, cost, and environmental friendliness. The platform plans to continue expanding its services and introducing more innovative technologies to ensure users receive long-term value in the digital economy.

For more information, please visit the official Fleet Miner website.

Get Started

Website: https://fleetmining.com
Email: info@fleetmining.com

Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining and staking involve risks and the possibility of losing funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.

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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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