Investment hits $20m as Flubit launches self-proclaimed UK rival to Amazon

Apr 5, 2017 · bdaily.co.uk

C884aec0677921bb5c534621d164871e75a153ca

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.

Read Complete Article

RT @bg_ventures: Last week the @MayorofLondon launched the Civic Innovation Challenge calling on London’s #tech sector to use #TechForGood…

Ahead of tomorrow’s service to remember all of those affected by the terrorist attack at Muslim Welfare House in Fi… https://t.co/uV6UKxvNqB

We hope everyone's enjoying today's UIM @F1_H2O World Championship Grand Prix of London by @H2O_Racing, part of #LTW https://t.co/zgTMV6gKnd

ICYMI Live Better With (LBWCancer) has raised $7m from backers including downingventures and Forward Partners (Forw… https://t.co/xsmxL2rEVC

In Monday's Brexit Briefing, another meaningful week for Theresa May in the Commons https://t.co/5q3U6PacWI https://t.co/PyErnvzM9O