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Trouva celebrates first birthday with 50 percent growth month-on-month

By Vivian Hendriksz

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Business

London - Trouva, the retail platform for independent boutiques, has celebrated its one year anniversary by releasing figures showing a 50 percent growth month-on-month. The London-based retail start-up, which bridges the gap between online and offline for independent boutiques, counts 160 retail partners across the UK which have reported sales from Trouva of over 75,000 pounds.

One of the platform partners, Ella Wells, owner of Our Daily Edit said: "Trouva is our window to the wider world. Since partnering with Trouva, we have seen a significant increase in revenue. We share a common passion for uncovering unique products and the marketplace offers access to a previously unobtainable global audience, with no increase in fixed costs or labour."

Founded in late 2015, the London-based start-up is currently back by leading investors, such as Octopus Ventures, Playfair Capital and Index Ventures and received 2.6 million US dollars in funding to fuel its international expansion plans. Stocking over 35,000 fashion and interior design products, the platform delivers to over 2,500 cities across the globe. Over the past 12 months, the platform has strengthen its leading team with hires from Not On The High Street and Jack Wills.

"Trouva champions the best independent boutiques and their talented curators ," added Mandeep Singh, CEO and Co-Founder of Trouva. " 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."

Jack Wills
Not On The High Street
Trouva