Trouva, the curated online marketplace for the independent bricks-and-mortar shops in the UK and Europe, has been named one of the five hottest scale-ups in the UK for an unprecedented third year running.
As part of The Next Web’s (TNW) prestigious annual Tech5 List 2019 showcasing the hottest young scale-ups in Europe and Israel, Tech5 selected Trouva based on its performance, growth and potential.
Tech5, which is organised by TNW and payment technology company Ayden, is now in its sixth year and has selected Trouva following its year of significant European expansion, with new territories launched through the platform including Berlin, Amsterdam, Madrid and Copenhagen, among others.
Tech5 showcases the hottest young scale-ups in all European countries and Israel based on their performance, growth, and potential. The top 5 of each country is selected as part of the Tech5 and covered by and listed on TNW.
Trouva is joined by Revolut, Bulb, PerkBox and TransferGo on this year’s Tech5 List, with alumni of the prestigious list including the likes of Deliveroo and Lyst.
Trouva.com gives local bricks-and-mortar shops the benefits of scale and global reach, and has managed to double its network of boutiques over the course of 2018 to include more than 600 independent shops. The expansion has continued to drive incremental sales for its network of independents, enabling them to thrive and compete with e-commerce giants and chain retailers.
Total Processing raises £5m funding
In 2018, Trouva more than quadrupled the number of boutiques that have made sales of more than £100,000 through the platform.
Mandeep Singh, co-founder and CEO of Trouva said: “We’re delighted to be the first start-up to have been recognised for a third year running as part of TNW’s prestigious Tech5.
“2018 was another year of unprecedented growth, with European expansion taking us to the best creative neighbourhoods across the continent. As retail giants continue to suffer, Trouva’s growth reflects the ongoing desire for independent shops to expand their presence online, transcending the barriers thrown up by geography through our platform.”