Trouva announces 50% growth, plans international expansion
Fashion and design marketplace Trouva said figures are showing a 50% month-on-month growth as it marks its first anniversary.
The retail platform for independent offline boutiques now has 160 partners across the UK, stocking over 35,000 curated fashion and interior design products. Launched in late 2015, the company has attracted interest from a number of investors, including Index Ventures (investors in Farfetch, Net-a-Porter and ASOS) and Angels including the former CEO of Jack Wills.
Trouva’s proposition and easy delivery have helped it reach “multi-million” pound sales. The online community offers a one-hour delivery in London and international delivery to over 2,500 cities worldwide across the US, Australia & Europe.
The company said it is planning international expansion early next year.
Mandeep Singh, CEO and Co-Founder of Trouva, commented “Trouva champions the best independent boutiques and their talented curators. Our focus to date has to been to build our community of retailers in the UK and establish our core proposition. As we look forward to next year, we plan to open to expand our boutique network internationally to Europe and beyond.”
To date, Trouva has received $3.8 million in funding.
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