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The online marketplace, OnBuy.com is edging ever closer to achieving unicorn status as the UK’s ‘answer to eBay and Amazon’ reveals a 605 per cent year to date growth to round off “a list of incredible 2020 successes” for the business.
OnBuy has made no secret of its mission to revolutionise the eCommerce sector by providing online sellers with an alternative to the current market behemoths. The firm now has its sights on reaching unicorn status, one which is awarded to privately held start-ups valued at over $1 billion, within the next two years.
The business is already valued at an estimated £180 million after launching only four years ago, having achieved its third consecutive year of over 600 per cent growth in 2020.