eBay Purchases Certilogo, an AI-Driven Product Verification Firm

This acquisition underscores eBay’s commitment to combating counterfeits, particularly in burgeoning markets like Latin America, where it has recently made significant progress.
Ebay-Certilogo
Ebay-Certilogo-Ecoomerce

eBay has finalized its acquisition of Certilogo, an AI-powered fashion and apparel digital ID and authentication company based in Milan. The transaction details remain undisclosed, but Certilogo CEO, Michele Casucci, will continue to helm the company.

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Certilogo’s digital technology assists brands in managing their garments’ lifecycle and allows consumers to verify product authenticity and access trustworthy information. eBay’s purchase underscores its aim to enhance secondhand fashion authentication on its platform.

eBay VP, Charis Marquez, welcomed the innovative Certilogo team, stating that this acquisition would empower eBay to offer brands secure and versatile product solutions. Marquez further highlighted that brands would be better equipped to safeguard their customers from counterfeits and engage in recommerce with digital product passports.

eBay originally announced the purchase in May, emphasizing its commitment to the burgeoning pre-loved fashion sector. The company touted the acquisition as a measure to establish eBay as a trusted source for pre-owned apparel and fashion. The move is also expected to inspire customers to make more sustainable purchase decisions.

Certilogo CEO, Michele Casucci, welcomed the partnership with eBay, foreseeing opportunities for greater consumer and brand engagement with the circular economy. The Certilogo team will focus on incorporating their technology and infrastructure for a smooth transition towards a more sustainable future.

This latest move aligns with eBay’s efforts over the recent years to bolster its authentication and fraud detection mechanisms. Past acquisitions include Sneaker Con Digital’s authentication business in 2021 and AI-powered fraud detection company 3PM Shield.

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Why is it relevant for ecommerce startups?

  • As for Latin America, ecommerce has become the preferred shopping channel for millions of consumers in the region. In 2022, the value of ecommerce in Mexico exceeded US$33 billion, making it the second largest online market in the region, second only to Brazil.
  • In an exclusive interview for M4rketing Ecommerce, Raúl Bustamante, Head of Marketing and Communication at eBay, Latam, highlighted that “Currently, Mexico is within the top 10 export markets of eBay’s global emerging markets and is the largest in Latin America, so much so that the country’s share within eBay’s global emerging markets has grown by about 30% in recent years.”
  • Looking ahead, e-commerce holds significant promise. Analysts from Statista project substantial growth in the online food segment, with revenues potentially doubling from US$330 billion in 2023 to US$620 billion in 2027. However, the revenues from this segment won’t come close to the three major categories.
# Tipo Nombre Región/País categoria de producto Latam Visitas/mes
1 Mercado Libre América Latina General 667.7M
2 Amazonas Global General 169.0M
3 Americanas Brasil General 129,6 millones
4 Casas Bahia Brasil General 83,6 millones
5 comprar El sudeste de Asia General 40,7 millones
6 dafiti América Latina Moda 28,5 millones
7 Netshoes Brasil Moda 27.0M
8 Extra Brasil General 24,6 millones
9 Falabella Chile General 24,2 millones
10 Submarino Brasil General 24.0M
11 Punto frio Brasil General 23,7 millones
12 tiempo de compras Brasil General 22,7 millones
13 Línea América Latina General 13,4 millones
14 ebay Global General 9.9M
15 Zattini Brasil Moda 9,4 millones
16 Debe Brasil, México, Italia, España Moda 3,9 millones
17 Kanui Brasil Moda 3,1 millones
18 triciclo Brasil Moda 2,3 m
Fuente: Web Retailer

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To read the information in detail, visit: TechCrunch

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