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Apr 5, 2017 · bdaily.co.uk
London-headquartered online marketplace Flubit.com has announced it is set to launch what it has dubbed its own UK rival to Amazon after hitting $20m investment.
The website, which began life as a private-offer discount service, is now relaunching as a fully fledged ecommerce marketplace specialising in UK and Irish retailers and suppliers following what is has dubbed its ‘biggest one-off investment’.
According to Crunchbase, previous investors in the company include Mayfair’s Cocoon Wealth and Andurance Ventures, along with seed funding from unnamed angel investors.
Launching today (Wednesday 5 April), Flubit has announced that 20% of its inventory will be available from day one with 500,000 products set to be added each week from its 1,500 suppliers.
Following the launch Co-Founder and Chief Executive Officer Bertie Stephens claimed that the transformation into a fully-fledged online marketplace is something that Flubit’s users had been asking for and would now make it far easier for consumers to buy directly from the platform.