Twenga.com is an online open shopping search engine.
Business model
Twenga co-founders Bastien Duclaux and Cédric Anès met in 2000 at the École Nationale Supérieure des Télécommunications. The company's "crawl" technology enables Twenga to scan tens of millions of pages of the Internet every day, automatically categorizing hundreds of millions of products in ten languages including Russian, Japanese and Chinese. This proprietary technology allowed Twenga to raise nearly €7 million from venture capital firms 3i, Sofinnova and others. By 2010, Twenga employed 120 people, including 50 research engineers.
From its headquarters in Paris, Twenga runs 14 websites for markets in the United States, UK, France, Spain, Italy, Germany, the Netherlands, Sweden, Poland, Brazil, Russia, Australia, China and Japan. The sites display 300 million products from more than 200,000 online shops.
The websites do not sell directly; instead they redirect users to online shops where they purchase products. Twenga itself generates revenue primarily by "advertising and business partnerships which give interested companies and retailers greater visibility than that provided by organic listing."
In 2011 Twenga joined other e-commerce companies and filed an antitrust complaint to the European Commission claiming that Google abuses its dominant position by promoting their own products such as Google Shopping while penalizing competitors in the search results.
Product expansion
Since 2008 Twenga has been developing mobile apps to make all its B2C services available via smartphone and tablets. The company currently offers apps for iPhone, iPad and Android.
Starting in 2010, Twenga has launched its own merchant partner program Twenga Ready to Sell in seven countries including France, Germany and the UK. The program allows e-tailers to directly index their products on Twenga to gain additional visibility and traffic.
In 2011 Twenga expanded its activities by creating affinitAD, a program that offers contextual monetization solutions for publishers.
In 2012 the company launched Showcase, a social shopping platform that allows users to share their favorite products with others and follow the recommendations of fellow shoppers.
Awards
In 2010, Twenga won the Red Herring 100 Global Award, the France Young Technology Leader Award and the Ernst & Young Entrepreneur of the Year Award for the "Company of the Future" category for France.
References
External links
Twenga Website (USA) Twenga Website (UK) Twenga Website (Australia) Twenga Website (France) Twenga Website (Poland) Grelly Collectables (UK)