ManoMano celebrates £4.4m turnover within first year of trading
Published: 5 April 2017 - Jenny Wonnacott
European DIY marketplace ManoMano is celebrating the first year of trading in the UK, having achieved a £4.4m turnover.
ManoMano is becoming a major player in the DIY and garden market just one year after launching in the UK
According to the startup, more than 100 local merchants have signed a partnership to sell their products on the website, with 185,000 items now available online, making ManoMano one of the leading distributors on the market.
ManoMano was created back in 2013 and has always had its eye on the £38bn UK home improvement and garden industry. Its business platform works on the basis of “providing a wider choice at more competitive prices than current players.” It is expecting to triple its product offering in the UK and reach a turnover of £10m by the end of the year.
ManoMano has projected a €100m turnover in the UK market alone by the end of 2019.
ManoMano co-founder Philippe de Chanville said: “To disrupt such a competitive market like the UK and build a community for the long term, you need to stand out by the quality of your offer, not just by the quantity of products available or the low prices advertised on the website.
“This conviction has driven us from the very beginning. That is why we like to say that we are delivering comfort, trust and smiles, more than products and services! They are our main ingredients to reinvent DIY and Gardening in the UK - and everywhere else in Europe.”