abillion
 | |
| Founded | May 2018 |
|---|---|
| Founder | Vikas Garg.[1] |
| Defunct | March 2026 |
| Type | Startup company |
| Location | |
Region served | 183 countries |
| Products | |
| Fields | |
Official language | English, Italian, Portuguese, Spanish, French |
| Website | impact |
abillion was a mobile application helping users to find vegan and sustainable products.[1]
The platform allowed 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 claimed 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 was 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 was 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]
In March 2026, the company announced that they would be closing down by the end of the month. [10][11]
Awards
[edit]Using data from the reviews published by its users, abillion was 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.[12]
References
[edit]- 1 2 3 Georgieva, Antonia (3 February 2022). "Vikas Garg Aims To Inspire A Billion People To Go Vegan With Abillion App".
- 1 2 Magazine, VegWorld (25 May 2023). "abillion, the "Super App" that Promotes Sustainability, Celebrates Milestone with New Partnerships and Member Benefits. - VEGWORLD Magazine".
- ↑ "Driving plant-based & sustainable change | abillion". impact.abillion.com.
- ↑ "A Billion Vegans by 2030?". November 2019 – via www.bloomberg.com.
- ↑ Ho, Sally (11 September 2020). "Q&A With abillionveg Founder Vikas Garg: "We've Created A Meritocracy Of Vegan Food"".
- ↑ 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.
- ↑ "Sustainability Platform abillion Raises $10 Million in Series A Funding - vegconomist - the vegan business magazine". 15 December 2021.
- ↑ "abillion Launches Community Investment Round After Seeing 20X Growth in Two Years - vegconomist - the vegan business magazine". vegconomist.com. 1 February 2023.
- ↑ "abillion Celebrates Fifth Anniversary, Surpassing $2.8M in Donations & 1M Downloads - vegconomist - the vegan business magazine". vegconomist.com. 24 May 2023.
- ↑ "One Last Thank You". instagram.com. 20 March 2026.
- ↑ "abillion is closing its doors". abillion.com. 2 April 2026. Archived from the original on 2 April 2026.
- ↑ "abillion Announces the World's 10 Best Plant-Based Burgers 2023 - vegconomist - the vegan business magazine". vegconomist.com. 31 May 2023.