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Online E-Commerce On The Rise: Ex-Amazon Marketplace Team Olsam Group Picks Up £120M

Online E-Commerce On The Rise: Ex-Amazon Marketplace Team Olsam Group Picks Up £120M

09/01/21, 8:40 AM
Money raised
£120 million
In 2020, the vast ecosystem of six million sellers worldwide on Amazon generated over $300 billion in sales, which was a 50 per cent year-over-year growth. It continued in the first quarter of 2021 reaching 61 per cent growth, thereby making it the 42nd largest economy in the world. Even the firms acquiring successful brands on Amazon have gained around $7 billion in capital over the past twelve months. Of these, almost 3,000 sellers in the UK have hit $1 million in turnover.

Company Info

Company
Olsam Group
Additional Info
One company involved in this industry is London-based Olsam Group, which buys and scales category leading e-commerce businesses.