The rise of recommerce has enabled parents to find and purchase children’s products from top brands at deep discounts, from toys and clothing to furniture and car seats. Today’s guest is Shraysi Tandon, Co-Founder and CEO. kidsa rapidly growing retailer of new and unopened children’s products. According to TechCrunchthe company has reached an annual revenue run rate of $1 million in just a few months of operation, and its backers are a who’s who of technology and sustainability investors. Shraysi has a journalism background at Bloomberg and ABC News, and his experience making documentaries on child labor shaped Kidsy’s business plan. She says the “beautiful surprise” she had when launching Kidsy was how easily companies can start sustainably and move on a path to continuous improvement. This means we can eliminate environmentally irresponsible practices across the economy.
As we heard in a recent conversation with Mardi Dietze, IKEA’s U.S. sustainability manager, children’s products are a cyclical challenge, as states may ban second-hand products. Kidsy’s strategy focuses on collecting unsold and opened but unused products from retailers. It’s part of a $761 billion recommerce movement with special requirements, how Kidsy ensures its products are safe and clean, and the challenges of competing with incumbent e-commerce companies. I’ll look into it. Click here for more information. kids
Editor’s note: This This episode originally aired on May 27, 2024.
