- Prachi Singh |
Commenting on the positive development, the company’s Mandeep Singh, CEO and co-founder, said: “We’re very proud to be celebrating our second birthday and these incredible growth figures. But the biggest accomplishment it to see the positive impact Trouva is having on the lives of boutique owners across the UK. We’re helping their businesses not to survive, but to thrive in today’s challenging and ever-evolving retail landscape. Trouva’s next step is to build a huge community that unites all the world’s independents.”
Boutiques selling through Trouva make brisk business
The company’s online platform hosts products from over 350 boutiques in 119 towns and cities across the UK – a 133 percent increase in registered businesses since 2016. The company also said in the statement that 11 boutiques have each achieved over 100,000 pounds (over 130,800 dollars) in sales through Trouva.com.
Some of the features, Trouva’s platform offer are ‘click and collect’, one-hour delivery options and worldwide shipping. The company raised 2.5million pounds (3.2 million dollars) of seed funding ahead of launch, from investors including Octopus Ventures and Index Ventures, as well as angels from brands such as Jack Wills, Just Eat, eBay and Google.
The company recently bagged The Europas 2017 Hottest E-commerce/Retail start-up award and is a member of Tech City UK’s upscale programme.