Abillion Explained

abillion
Founder:Vikas Garg.[1]
Location:Singapore
Type:Startup company
Area Served:183 countries
Language:English, Italian, Portuguese, Spanish, French

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

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

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. [10]

Awards

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.[11]

Notes and References

  1. Web site: Vikas Garg Aims To Inspire A Billion People To Go Vegan With Abillion App. Antonia. Georgieva. 3 February 2022.
  2. https://vegworldmag.com/abillion-the-super-app-that-promotes-sustainability-celebrates-milestone-with-new-partnerships-and-member-benefits/
  3. Web site: Driving plant-based & sustainable change | abillion . impact.abillion.com.
  4. Web site: A Billion Vegans by 2030? . November 2019 . www.bloomberg.com.
  5. Web site: Q&A With abillionveg Founder Vikas Garg: "We've Created A Meritocracy Of Vegan Food". Sally. Ho. 11 September 2020.
  6. Web site: Ng . Ren Jye . 21 August 2019 . Vegan product review startup abillionveg raises US$2m in seed funding . 17 April 2023 . www.businesstimes.com.sg.
  7. Web site: Sustainability Platform abillion Raises $10 Million in Series A Funding - vegconomist - the vegan business magazine. 15 December 2021.
  8. https://vegconomist.com/investments-finance/fundraising/abillion-community-investment-round/
  9. https://vegconomist.com/company-news/facts-figures/abillion-five-year-anniversary/
  10. https://vegworldmag.com/abillion-the-super-app-that-promotes-sustainability-celebrates-milestone-with-new-partnerships-and-member-benefits/
  11. https://vegconomist.com/food-and-beverage/meat-and-fish-alternatives/abillion-worlds-10-best-plant-based-burgers-2023/