New online DIY & Gardening Marketplace, ManoMano, has announced its turnover reached £3.2m in its first eight months in the UK and €90M across Europe. Part of the Google Scale Up programme, the company forecasts £10M revenue in the UK and €250M internationally for 2017.
With a global catalogue of one million referenced products, the French group aspires to become the European leader for DIY & Gardening products online. Going from a workforce of nine to 100 in three years, ManoMano is reporting impressive figures after its first year of business in the UK.
ManoMano launched in the UK in April 2016 and closed the year with 88 partner sellers in the UK and 185,000 products available online. Comparatively, B&Q has 40,000 products online and Homebase 50,000.
The company was launched in France in 2013 and now operates in six countries across Europe (France, Belgium, Spain, Italy, UK & Germany), with the UK and Germany added to the global portfolio in 2016. The global annual turnover was €90 million with €250 being the projected figure for 2017 end of year.
ManoMano’s objective for 2017 is to triple the number of products on site as well as its annual turnover. Within three years of activity in the UK market, ManoMano has projected a €100 million turnover on this market alone by the end of 2019.
"The growth of ManoMano demonstrates that people are relying more and more on online purchases”, sais ManoMano founders Christian Raisson and Philippe De Chanville. “When we decided to launch this project, e-commerce was already a reality, but we found it was lacking in the DIY sector. We are pleased with the positive performance of the UK, which will act as our test country for innovation solutions."
ManoMano will be using the UK as its test space in 2017 for DIY and gardening innovation. Bosses say that given the size of the market in the UK, “it is a key audience on which to test new payment methods, logistical solutions and innovative partnerships with key actors in the DIY market – all activities that will be rolled out and trialled this year.”