Deb Stowe | August 10, 2023 | Niche Marketplaces, Financials / Deals
Luxury resale marketplace The RealReal saw total revenue decrease by 15% to $131 million in Q2, year on year, while its gross merchandise value (GMV) fell by 7% to...
Deb Stowe | August 10, 2023 | Niche Marketplaces, Financials / Deals
ThredUp posted an 8% year-on-year increase in revenue to $82.7 million in the second quarter of the year. Its gross margin stood at 67.4%, as against 68.9% in Q2...
Tariq Ahmed Saeedi | August 08, 2023 | Marketplaces, Niche Marketplaces, Financials / Deals
Refurbished electronics marketplace Mobilfon.com has raised an undisclosed investment from the fund established to finance tech ventures by the leading mobile...
Tariq Ahmed Saeedi | August 07, 2023 | Marketplaces, Niche Marketplaces, Financials / Deals
Smartphone resale marketplace GetMobil.com has grown 12 times during the last eight months, while selling 20,000 refurbished mobile phones since its inception in...
Ignacio Landivar | August 06, 2023 | Niche Marketplaces, Financials / Deals
Berlin-based MFG Recommerce, owned by Momox founder Christian Wegner, will take over bankrupt fashion resale site MädchenFlohmarkt for an undisclosed sum. “With...
Deb Stowe | August 04, 2023 | Recruitment, Niche Marketplaces, Financials / Deals
Freelance marketplace Fiverr posted a 5.1% year-on-year hike in revenue in the second quarter of the year, to $89.4 million, despite its number of active buyers on...
Deb Stowe | August 04, 2023 | Recruitment, Niche Marketplaces, Financials / Deals
Freelance marketplace Upwork posted a 7% increase in year-on-year revenue in Q2 2023, taking the total to $169 million, amid a set of “better-than-expected”...
Lars Herlin | August 04, 2023 | Niche Marketplaces, Financials / Deals
Bankrupt Denmark-based online auction house Lauritz.com has been acquired by its smaller rival Auktionshuset.com. In a press release, the new owner stated that...
Deb Stowe | August 03, 2023 | Recruitment, Niche Marketplaces
Freelance marketplace Fiverr has restructured its offering, renaming some products and launching others. The company has rebadged Fiverr Business as Fiverr Pro,...
Damian Shore | August 02, 2023 | Niche Marketplaces
Spain-based smartphone reconditioning and resale platform Aliqindoi has launched Aliqindoi SaaS (software as a service), a cloud-based platform that it says allows...
Nik Flegont | August 02, 2023 | Marketplaces, Niche Marketplaces
Russia-based Avito, the world’s leading horizontal by traffic and listings, has launched Avito Premium, a section dedicated to premium clothing, footwear and...
Deb Stowe | July 31, 2023 | Marketplaces, Niche Marketplaces
Australia-based bridalwear retailer Karen Willis Holmes (KWH) has launched a secondhand wedding dress marketplace. Called Pre-Loved by Karen Willis Holmes, it will...
Deb Stowe | July 31, 2023 | Marketplaces, Niche Marketplaces, Financials / Deals
The Swoondle Society, a circular marketplace for childrenswear, has acquired ShopTomorrows, a fellow resale marketplace for kids’ apparel. The value of the deal...
Deb Stowe | July 31, 2023 | Recruitment, Niche Marketplaces, Financials / Deals
Australia-based Freelancer saw revenue from its marketplace drop by 4.8% in H1 2023 to stand at AUD22.3 million ($15.0 million U.S.), despite a 0.8% hike in gross...
Ben Salisbury | July 31, 2023 | Marketplaces, Niche Marketplaces, Financials / Deals
An online marketplace for people to sell access to digital products, Whop, has raised $17 million in a Series A funding round. The U.S.-based platform was founded...
Tariq Ahmed Saeedi | July 27, 2023 | Marketplaces, Niche Marketplaces, Financials / Deals
South Korea-based fashion resale startup Charan.ai has raised an additional KRW1.21 billion ($945,000 U.S.) in seed funding from Woori Venture Partners and others,...
Deb Stowe | July 24, 2023 | Marketplaces, Niche Marketplaces
Fashion marketplace Poshmark has announced a new tool that lets shoppers search for products using just a photo. “Posh Lens” draws on AI image search technology...
Damian Shore | July 24, 2023 | Niche Marketplaces
Spain-based fashion retailer Tendam has expanded a partnership agreement with used clothing reseller Percentil, website Modaes reports. Last year, Tendam initiated...
AIM Group | July 21, 2023 | Niche Marketplaces
40% of adults aged 30 years or older in the Netherlands would be willing to buy secondhand designer furniture, with price and sustainability the main drivers, a...
Nik Flegont | July 21, 2023 | Real Estate, Recruitment, Marketplaces, Niche Marketplaces, Digital Auto Retail
Russian state communications regulator Roskomnadzor has included a number of classifieds sites on a list of websites that fall under a new law. As a result, the...
AIM Group | July 19, 2023 | Marketplaces, Niche Marketplaces, Financials / Deals
South Korea-based fashion retailer Musinsa has attracted significant KRW200 billion ($158 million U.S.) in Series C funding round, led by private equity fund...
Deb Stowe | July 19, 2023 | Niche Marketplaces, People on the Move
Vestiaire Collective has hired Adam Kwiecinski as chief product officer. Kwiecinski (LinkedIn profile) joins the company from a nine-month stint at software...
Deb Stowe | July 13, 2023 | Recruitment, Niche Marketplaces
Freelance marketplace Upwork has announced what it termed a “major expansion of AI offerings and resources.” Preeminent among them is its AI services hub, an...
Lars Herlin | July 13, 2023 | Niche Marketplaces
Denmark-based auction site Lauritz.com has creased trading after a failed restructuring process. Two insolvency law practitioners, Henrik Selchau Poulsen and Rune...
Hasan Aga | July 13, 2023 | Niche Marketplaces, Financials / Deals
Revibe, a Dubai-based startup that buys, refurbishes and sells electronic devices — smartphones, laptops, tablets and smart watches — has secured $2.3...
Ignacio Landivar | July 12, 2023 | Niche Marketplaces, Financials / Deals
Internationally acclaimed soccer player Cristiano Ronaldo has become an investor in Germany-based luxury watch marketplace Chrono24. “As a long-time watch...
Tariq Ahmed Saeedi | July 12, 2023 | Marketplaces, Niche Marketplaces
South Korea-based niche marketplace SecondWear (formerly HelloMarket) has unveiled an AI system to extract product information from an image and automatically add...
Lars Herlin | July 12, 2023 | Niche Marketplaces, Financials / Deals
Norway-based niche marketplace app Tise had revenue of NOK76.5 million ($7.4 million U.S.) in 2022, up from NOK43.5 million in the previous year. However, its...
Deb Stowe | July 10, 2023 | Marketplaces, Niche Marketplaces, People on the Move
Singapore-based sneaker and streetwear marketplace NovelShip has given market commentators paws by signing up rap star Snoop Dogg for the lead-ing role of...
Deb Stowe | July 10, 2023 | Marketplaces, Niche Marketplaces
Purchases of used items on Farfetch’s marketplace in 2022 increased by 23% year on year, according to new figures released by the fashion retailer. The share of...
