Founded in 2005, Swoopo marries e-commerce and entertainment as part of an online auction site. It operates a pay-per-bid auction site in which items are put up for bid, and each time a user bids, the price is increased by some amount. When this is done, an amount of time is added to the auction with each bid. If no new bids are received before time runs out, the last bidder wins the item.Users pay to bid and must fill their accounts with prepaid bids. Per Swoopo, each bid costs the user $1, and can be purchased in packs of 20, 50, 100, 200, and 500.
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Expert Collections containing Swoopo
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Swoopo is included in 1 Expert Collection, including E-Commerce.
Latest Swoopo News
Nov 11, 2013
Email We recently learned that designer fashion penny auction, Oohilove.com was acquired by Entertainment Shopping, Inc., of Swoopo.com. Also, though buy-it-now is still stated on their How it Works page , we have not been able to see this option on active auctions. Swoopo.com has been down for a few days now (since 3/17) they cite technical issues and unfortunately, we’ve not yet heard from them regarding the status or of the acquisition. Learn more about penny auctions & post your reviews in our forum!
Swoopo Frequently Asked Questions (FAQ)
When was Swoopo founded?
Swoopo was founded in 2005.
Where is Swoopo's headquarters?
Swoopo's headquarters is located at PO Box 2803, Cupertino.
What is Swoopo's latest funding round?
Swoopo's latest funding round is Dead.
How much did Swoopo raise?
Swoopo raised a total of $10M.
Who are the investors of Swoopo?
Investors of Swoopo include August Capital.
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