Raising 157 million euros! Spanish second-hand platform Wallapop is ready to go

According to foreign media reports, the Spanish second-hand website Wallapop recently received collective investment from Swedish investment companies GP Bullhound , Northzone and VNV Global , raising a total of 157 million euros (about 1.6 billion Swedish kronor ).

Wallapop is a second-hand e-commerce platform based in Spain , which has been launched in France and the UK so far. Like the Swedish Blocket or Tradera platforms , sellers can resell clothing or other items on the Wallapop platform for circular consumption.

It is reported that the current market value of the Wallapop platform is close to 7 billion Swedish kronor, and its development momentum is very rapid. This time, raising 157 million euros is an important development strategy for Wallapop and an important measure for its development in 2021.

Joakim Dal and GP Bullhound chose to invest in this company because they believe in the future of the secondary market , which is clearly turning more and more attention.

Joakim Dal believes that the reason behind the success of the Wallapop platform is that more and more people are buying second-hand goods that have been used before , and the sustainable economy is developing rapidly . " We are very interested in supporting the second-hand market . We believe that this is the future direction of business development, and sustainability is an important component . "

By building a profile, you can build greater credibility in various markets , without having to do it before . Now, consumers can build a complete profile on the platform and set up their own second-hand store. Consumers can sell their own products on the platform, or buy other second-hand products on the platform.

Currently, more and more small entrepreneurs and traders can maintain the survival, development and recovery of their businesses by selling their products on Wallapop 's second-hand market .

Sweden's second-hand market has developed rapidly in recent years, with the number of second-hand platforms gradually increasing. The Wallapop platform also has the idea of ​​entering the Swedish market.

However, the head of Wallapop said: “Walalpop will not develop the Swedish market in the near future . This year , the focus of the Wallapop platform will be on developing and optimizing transactions on the platform to make transactions easier . ”

Because the pandemic has created new challenges for transactions between customers , it is now imperative to optimize fulfillment so that transactions and delivery of goods do not require in-person contact.

second hand

Spain

Fundraising