Tuesday, April 2, 2019

French startup ManoMano is raising a new funding round of $125 million (€110 million). The company operates an e-commerce website and marketplace focused on home improvement and gardening.

ManoMano is part of the great unbundling of general e-commerce platforms. By focusing on a vertical in particular, the company can provide a large product offering, competitive prices and better customer service.

The platform generated $450 million (€400 million) in gross merchandise value last year. France is still its main market, but the company plans to become the dominant home improvement platform in Europe.

According to an interview in JDN, ManoMano plans to take a page out of Amazon’s playbook and expand its Mano Fulfillment service. As the name suggests, ManoMano plans to manage products from third-party retailers and take care of logistics.

More recently, ManoMano launched a B2B service with a few advantages for professional workers.

Eurazeo Growth, Aglaé Ventures and Bpifrance are participating in today’s funding round, with existing investors CM-CIC, Partech Ventures, Piton and General Atlantic also participating.



from TechCrunch https://ift.tt/2WEFMha

Related Posts:

  • LATEST TECHNOLOGY NEWSMoonbug, a kid-focused media business founded by a pair of entertainment executives, has brought in a $145 million Series A investment led by The Raine Group, a merchant bank that supports technology, media and telecom effort… Read More
  • LATEST TECHNOLOGY NEWSRussian efforts to influence U.S. politics and sway public opinion were consistent and, as far as engaging with target audiences, largely successful, according to a report from Oxford’s Computational Propaganda Project publis… Read More
  • LATEST TECHNOLOGY NEWSFor the crypto market to become attractive to institutional investors, companies and their investors need to ensure that tokenized securities — digital assets subject to federal security regulations — can be as easily tracked… Read More
  • LATEST TECHNOLOGY NEWSLet’s talk about the grown-up stuff — the adult content that Tumblr says it’s banning starting today. The wording of the company’s initial plans was admittedly confusing, upsetting both artists and sex workers who have begun … Read More
  • LATEST TECHNOLOGY NEWS Federico Antoni Contributor Federico Antoni is managing partner at ALLVP, an early-stage VC based in Mexico. He is a lecturer in management at the Stanford Graduate School of Business. More posts by this contributor Not a… Read More

0 comments:

Post a Comment

Followers

Contact Form

Name

Email *

Message *

Popular Posts

FOLLOW BY EMAIL

Enter your email address:

Delivered by FeedBurner