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“Amazon for bargain products” Fyndiq reaches break-even, over 200 000 products sold in December

With €14M in turnover for 2013, Fyndiq has emerged from being an overstock liquidation channel for merchants to one of the fastest growing marketplaces in Europe, all in their hunt to become “Amazon for bargain products”.

Fyndiq, The Bargain Super Store marketplace that is connecting bargain hunters with over 100 000 products from merchants, had an annual growth of 121% and reached break-even in 2013. In december alone, over 200 000 products was sold via the marketplace.

- “We continue to see incredible momentum for our marketplace, growing from €1M in sales for 2011 to over €14M in 2013. There has never been a bigger interest for bargain products online than now”, said CEO & Co-founder Dinesh Nayar.

Fyndiq added more than 500 new merchants in 2013 that together are selling more than 118 000 products via the marketplace, up from 62 000 in 2012. Merchants use Fyndiq as a sales channel to sell slowly moving products or products that needs to increase in sales in an accessible way.

- “They key to our growth are that more and more merchants decide to sell their products via our marketplace. With over 118 000 products for sale, from more than 1100 merchants, we have without a doubt the best range of products for bargain hunters”, said CMO & Co-founder Fredrik Norberg, adding that they are adding new product categories “every single day”.The company has published an infographic to summarize 2013 in numbers. Download it here.


For more information, please contact:

Dinesh Nayar, CEO Fyndiq

+46 766 23 84 94
dinesh@fyndiq.se

Fredrik Norberg, CMO Fyndiq

+46 707 488 768
fredrik@fyndiq.se

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  • e-handel
  • e-handelsplats
  • fyndiq
  • fyndshoppa
  • fyndvaruhus på nätet
  • webbshop
  • amazon
  • bargain
  • superstore
  • fredrik norberg
  • infograf 2013
  • infograf
  • micael widell
  • jan carlzon
  • nes 13
Fyndiq (www.fyndiq.se) is a Bargain Super Store, connecting merchants and bargain hunters. Founded in 2010, Fyndiq has helped more than 1000 merchants to sell their products to an audience of millions via a hassle-free marketplace.

For customers, Fyndiq is the best place to find the best range of bargain products. The startup has raised over €4M in funding from private investors such as the business legend and former CEO of SAS, Jan Carlzon. At Nordic Ecommerce Summit 2013, the biggest e-commerce fair in the Nordics, Fyndiq was awarded “Achievement of The Year”.
 

Kontakter

Fredrik Norberg

Presskontakt VD