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abillion

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abillion
FoundedMay 2018; 6 years ago (May 2018)
FounderVikas Garg.[1]
TypeStartup company
Location
Area served
183 countries
Products
Fields
Official language
English, Italian, Portuguese, Spanish, French
Websiteimpact.abillion.com/about

abillion is a mobile application helping users to find vegan and sustainable products.[1]

The platform allow users to review plant-based, cruelty-free and sustainable products, while donating between 0.10 and $1 to nonprofit organisations for each review written. As of May 2023, the company claims to have donated over $2.8M to various nonprofit organisations [2] including Sea Shepherd and Mercy for Animals.[3]

The main objective of the company is to reach the number of one billion people following a vegan diet and lifestyle by 2030.[4]

History

[edit]

The american entrepreneur Vikas Garg founded the company in Singapore and the app has been officially launched in May 2018.[1]

The start-up was first named abillionveg and changed its name in 2020 to shorten it to abillion.[5]

In 2019, the company raised $3M in its first round of funding (pre-Series A).[6]

In 2021, it raised $10M in its Series A funding.[7]

In February 2023, the company announced the launch of a community investment round, using the crowdfunding platform Wefunder,[8] which reached a total of $500 000.[9]

In May 2023, it celebrated its 5th anniversary and reaching 1M downloads.[2]

Awards

[edit]

Using data from the reviews published by its users, abillion is awarding the most liked vegan products and brands.

In May 2023, the company published a world Top 10 Best Plant Based Burgers, among the winning brands were Beyond Meat, NotCo and Sojasun.[10]

References

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  1. ^ a b c Georgieva, Antonia (3 February 2022). "Vikas Garg Aims To Inspire A Billion People To Go Vegan With Abillion App".
  2. ^ a b Magazine, VegWorld (25 May 2023). "abillion, the "Super App" that Promotes Sustainability, Celebrates Milestone with New Partnerships and Member Benefits. - VEGWORLD Magazine".
  3. ^ "Driving plant-based & sustainable change | abillion". impact.abillion.com.
  4. ^ "A Billion Vegans by 2030?". November 2019 – via www.bloomberg.com.
  5. ^ Ho, Sally (11 September 2020). "Q&A With abillionveg Founder Vikas Garg: "We've Created A Meritocracy Of Vegan Food"".
  6. ^ Ng, Ren Jye (21 August 2019). "Vegan product review startup abillionveg raises US$2m in seed funding". www.businesstimes.com.sg. Retrieved 17 April 2023.
  7. ^ "Sustainability Platform abillion Raises $10 Million in Series A Funding - vegconomist - the vegan business magazine". 15 December 2021.
  8. ^ "abillion Launches Community Investment Round After Seeing 20X Growth in Two Years - vegconomist - the vegan business magazine". vegconomist.com. 1 February 2023.
  9. ^ "abillion Celebrates Fifth Anniversary, Surpassing $2.8M in Donations & 1M Downloads - vegconomist - the vegan business magazine". vegconomist.com. 24 May 2023.
  10. ^ "abillion Announces the World's 10 Best Plant-Based Burgers 2023 - vegconomist - the vegan business magazine". vegconomist.com. 31 May 2023.