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OnBuy Partners with Google Cloud for International Expansion
Oct 18, 2024•over 1 year ago
Contract Type
partnership
True
Description
OnBuy, a rapidly growing online marketplace, has announced a strategic partnership with Google Cloud to drive its ambitious international expansion. The company aims to enter 14 new countries by the year’s end, starting with the EU, and plans to revolutionize shopping with features like immediate cashback guarantees. The expansion is bolstered by a significant £2.5m strategic investment.
Company Information
Company
OnBuy
Location
True
About
Today, the startup has also started sending out invites to the journalists to announce the results of a significant fundraiser. The British company is already valued at £180M and has a team of around 75 employees. One of them is OnBuy which claims to be the fastest-growing e-commerce marketplace globally and the fourth biggest in the UK according to the UK Marketplaces Rankings, with only Amazon, eBay and Etsy ahead of them. Now UKTN has learnt that OnBuy is in the process of closing a £30 million funding round very soon.
