Aravenda Consignment Software

Aravenda Consignment Software develops cloud-based consignment and resale management software for consignment shops, thrift and resale boutiques, nonprofits, and enterprise users. The platform tracks inventory owned by consignors, calculates commission splits automatically when items sell, manages consignment expiration terms, and queues and processes consignor payouts individually or in batches, including electronic methods such as PayPal, Venmo, Zelle and ACH as well as check and store credit. A consignor login portal gives consignors configurable visibility into sales, payouts and inventory, and allows remote item entry.

The software is web-based and runs in a browser on desktops, tablets and phones without an app or local installation. Core capabilities include AI-powered item entry that generates item records and descriptions from photos, tags or UPC codes; voice-to-text description entry; integrated pricing assistance; variant and size-run listing with automatic inventory balancing; a multi-consignor feature that lets a single listing cover the same item from multiple consignors; default weights by item type; consignor and buyer fee charging including recurring fees; custom reports; advanced analytics; and tracking of sales-related carbon emission reductions for ESG reporting. Aravenda integrates with Shopify and Shopify POS — the company describes itself as a Shopify POS certified partner and Shopify Plus partner — and with Clover, and supports single-entry cross-posting to channels including Facebook, Instagram, TikTok, Pinterest, Google Shopping, Amazon, eBay and Poshmark. Consignor account balances synchronize with Shopify POS so consignors can spend store credit at checkout.

Beyond software, Aravenda offers an in-house website development and graphics team that builds Shopify-hosted storefronts, data conversion from legacy consignment systems such as Consign Pro, onboarding and setup guidance, a white-label enterprise product for multi-location and institutional users, monthly customer learning labs, and an Accelerator Program for resale operators. Global customer support is provided at no additional charge.

Business model

Aravenda sells a subscription-based B2B SaaS platform to resale and consignment operators. Pricing is advertised as starting at $179 per month, with a 20% discount for annual subscriptions, and the company positions the cost as under $10 a day. Multiple user log-ins and unlimited consignor vendors and inventory are included at no extra charge, while website creation and graphic design, custom reports and other enhancements are billed as add-on fees. Customers must also hold a separate Shopify account, which serves as their merchant account. Free trials and demos are offered as entry points.

Recurring software subscription revenue, starting at $179 per month per subscription with annual plans discounted 20%, supplemented by fee-based services including custom website creation and graphic design, custom reports, and other customizations and enhancements.

Traction

The company states it is trusted by more than 1,000 consignment store users daily and manages millions of inventory items daily. Published customer testimonials come from resale businesses in the United States, Canada, the United Kingdom and Australia, including stores migrating from Consign Pro and other installed software. An external company-research profile lists 12 employees as of February 2024, while a Techstars job board profile lists a size of 1-10 employees and a pre-seed stage.

Latest developments

Recent product emphasis is on AI-powered item entry that generates listings from photos, tags or UPC codes, expanded integration with Clover alongside Shopify, cross-posting to channels including TikTok and Pinterest, and the Aravenda Accelerator Program for resale operators. The company continues to publish country-level resale market statistics, including a May 2024 analysis of the Canadian consignment and used-goods market.