Milo.com is an innovative shopping site that allows people to search the shelves of local stores for items they want to buy. It’s also just received $4 million in Series A financing, in a round led by True Ventures and joined by individual angel investors from Mint.com, PayPal, Yelp, and YouTube and other Silicon Valley ‘names’.

Milo.com’s story so far indicates it has a winning model. Since releasing its public beta in December 2008, the company has grown from 2,000 users to an expected 1,000,000 a month, a 70 percent month-over-month increase.

With an estimated 87 percent of U.S. consumers researching online and buying offline, Milo.com seems to be capitalizing on a huge market opportunity. The company appears to be delivering the goods too – Milo is now tracking an inventory of some 1.5 million products in real-time, and is adding about 185,000 items per month. It has indexed over 42,000 stores across 30,000 communities in the United States.

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This entry was posted on Sunday, November 29th, 2009 at 1:39 pm and is filed under Ecommerce, News and Comment, Venture Capital. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.