According to Ecommerce News Europe, the initiative comes after securing EUR 5.5 million in a Series A funding round in June 2020. Overall, 2020 was a successful year for OnBuy, which is on track for achieving unicorn status within the next two years.
The company is valued at an estimated EUR 200 million after launching four years ago. Moreover, in 2020, the marketplace achieved its third consecutive year of over 600% growth. Additionally, the company has beta-tested territory specific sites in 42 countries to start the expansion of the OnBuy platform, Ecommerce News Europe reported.
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