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Runs is the world’s first blockchain-based e-commerce platform for experiences targeting 25 countries and over 2 billion people. Lead by its dynamic CEO GiriDevanur, this Singapore-based start-up with offices in NY & Bangalore, intends to bring together Coffee, Cinema & Cricket fans around the world on its platform
Mr. Giri Devanur is an E&Y entrepreneur of the year award winner and has successfully completed Nasdaq IPO of AMRH (Ameri100.com) in just 4 years.
Crypto-News India talked to the founder and CEO through an email interaction wherein he elaborated his new age business model and also talked about how this consumer-driven platform promises to deliver the best experiences.
- What is the idea behind Runs.com?
The idea behind Runs.com is to deliver extraordinary experiences to a larger group of people, who are fans of Cricket, Cinema and Coffee. We are aiming to pivot from the conventional ecommerce offerings that are available in the market today from a commodity-based offering to a more value-based offering. We believe that as the markets mature people will start looking for more experience-based offerings in the market place. Runs.com aims to capture these experiences into a tangible and quantifiable offering that can be shared and experienced by all on our platform.
- What is the USP of Runs.com?
The USP of Runs.com is our patent pending XKU (Experience Keeping Unit). XKU will be a far superior method to identify 3S’s — the Story behind a product, the Source – is it ethically produced and the Sustainability aspects. XKU’s will come with their unique bar codes that will register the uniqueness of each unit that is listed. All this is then transacted on the secure blockchain platform to ensure security.
Runs is the world’s first blockchain-based e-commerce platform for experiences targeting 25 countries and over 2 billion people. This Singapore-based start-up with offices in NY & Bangalore, intends to bring together Coffee, Cinema & Cricket fans around the world on its platform. Providing exclusive experiences like Coffee tours, LIVE cricket viewing & Invites to movie premiers; Runs will be a platform that seeks to engage its users with a more relevant experiential marketing approach of offering curated experiences in their areas of interest. Runs aims to build a global community of people around their interest areas in 25 countries and 125 cities
- Could you share details about the ICO pre-sale and future sales?
We have a total supply of 180million RUNS tokens. We are opening 75M tokens during pre-sale. During this period we are offering 30% discount as an early bird offer. Following this we will launch the crowd sale during mid-July.
- Who are the key people behind Runs.com?
- Founder and CEO: Giri Devanur, Runs
Mr. Giri Devanur is the Founder & CEO – Runs. He is an E&Y entrepreneur of the year award winner and has successfully completed Nasdaq IPO of AMRH (Ameri100.com).
He has helped raise multiple rounds of capital, executed M&As and created successful companies such as Ameri100. He is also a mentor at the Columbia University. He is an Indian by origin and has completed has completed his graduation from University of Mysore. He is an alumni of Columbia Business School.
- Co-Founder & CTO: Artit Wangperawong, Runs
Mr. Artit Wangperawong is the Co-Founder and CTO – Runs. He is a scientist, engineer and educator. He also co-founded other companies such as SaturnAPI and Vody. His educational background includes a Master’s Degree in Electrical & Electronic Engineering, and a Ph.D. in Electrical Engineering from Stanford University.
- What are the marketing activities planned for the launch of ICO?
Apart from regular marketing initiatives like Bounty & airdrop, we are currently hosting 2 major events. One is a global video contest on contest.runs.com and a webinar with Columbia university’s Center for Technology management. In addition to this we have been organising several events in key metropolises across the globe to engage with crypto enthusiasts.
- Which are the key markets and the potential target market for Runs.com?
We have identified 25 countries and 125 cities which are our key markets. We are working aggressively to be present in these countries and cities through various initiatives.
- What is your vision for the company?
We want to disrupt the monopolistic eCommerce platforms and decentralize the eCommerce marketplace. We believe that this is the future and with our patent pending XKU model sharing and transacting real life experience will become a reality. We envision a growing community of users transacting with Runs tokens to share and trade their favourite experiences.
- Where do you see yourself five years down the road?
We expect to be serving more than 50 Million members in 25 countries. We looking at over than 1000 XKUs on-boarded on our platform
- Could you share with us a few words about your recently published book ‘Nothing to Nasdaq’.
This was not a planned book. Right after our Nasdaq listing, some of my younger colleagues and friends asked me what’s the formula to get a company listed. And then we realized that we had broken some real records in our journey to listing on Nasdaq within 4 years. This book is a bit of my journey as well as how to get listed on Nasdaq. During my years at Columbia University, I had researched under the guidance of Dr. Art Langer and I had developed a framework SNSNFTP (Strategy, Negotiations, Sales, Networking, Finance, Technology and People). These skills I believe are a must to take one’s company from “Nothing to Nasdaq”.
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