OnBuy posts 224% revenue growth

// OnBuy reports 224% growth in annual revenue
// OnBuy saw a 71% increase in live product listings

OnBuy has recorded a 224 per cent rise in annual revenue after witnessing an 80 per cent increase in sellers on the marketplace in the last year.

Sellers range from household names like Lego and Fitbit to small companies.

OnBuy saw a 71 per cent increase in live product listings, with more than 36 million products available to buy on the site.

READ MORE: OnBuy raises £35m in latest funding round as it eyes growth

The average order value has also increased to just under £50.

The company has seen just under two million new customers on the site this year.

OnBuy chief commercial officer, Mark Lister said: “This year has really seen OnBuy grow its network of retailers and brands to an impressive level, with quality and trust remaining at the heart of the business.

“We can attribute a lot of this growth to our commitment to providing a fairer ecosystem for everyone who uses our platform – whether sellers or buyers – as unlike some other marketplaces, we don’t sell our own products and compete against our sellers.”

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