Company Overview
Snapshot
Founded in July 2014 by Guy Pearl, Yonatan Peretz, Ofir Rimoni, and Nadav Luboshitz, Plungo operates with 1–10 employees. In June 2015, Plungo received crowdfunding from Kickstarter.
Business overview
Plungo develops an accessory called Plug 'n Go, designed to prevent flip-flop blowout by reinforcing the strap attachment point. This product, made from recycled plastic, is inserted between the strap and the sole of any flip-flop to increase surface holder in the rubber area, thereby preventing separation and tearing. The company operates in the Consumer Electronics sector, targeting both B2B and B2C markets globally with its consumer goods product.
Strategic signal
Plungo ceased operations in September 2019, indicating a significant strategic shift from its initial product development and market entry. This cessation signals to investors and innovation teams that the company's business model or market fit was not sustainable, leading to its eventual closure.
Log in to access full profile ›Company Intelligence Q&A
- What is Plungo's primary product?
- Plungo's primary product is Plug 'n Go, an accessory designed to prevent flip-flop blowout by reinforcing the strap attachment to the sole.
- When was Plungo founded?
- Plungo was founded in July 2014.
- Who are the founders of Plungo?
- The co-founders of Plungo are Guy Pearl, Yonatan Peretz, Ofir Rimoni, and Nadav Luboshitz.
- What was a significant funding event for Plungo?
- In June 2015, Plungo successfully raised $10.22K in crowdfunding from Kickstarter.
- What is Plungo's operational status?
- Plungo is currently non-active, having ceased operations in September 2019.