[ad_1]
The French Startup ManoMano raises another $ 125 million (110 million euros) round. The company operates a website and an e-commerce market focused on home improvement and gardening.
ManoMano is part of the large unbundling of general e-commerce platforms. By focusing on a particular vertical, the company can provide a wide range of products, competitive prices and better customer service.
The platform generated a gross merchandise value of 450 million dollars (400 million euros) last year. France remains its main market, but the company plans to become the main platform for home improvement in Europe.
According to an interview in JDN, ManoMano plans to remove a page from Amazon's reading book and expand its Mano Fulfillment service. As its name indicates, ManoMano plans to manage the products of third-party retailers and to take care of the logistics.
More recently, ManoMano has launched a B2B service offering some advantages to professional workers.
Eurazeo Growth, Aglaé Ventures and Bpifrance are participating in today's financing round, which also included existing investors CM-CIC, Partech Ventures, Piton and General Atlantic.
Source link
