UK - MMC Ventures invests £1.2m in e-trader group
MMC Ventures has invested just over ТЃ1m in online trade business e-trader group.
e-trader specialises in the clearance and overstock sector by offering retailers and manufacturers access to both the trade and consumer markets through a single platform. The company's primary business is stockshifters.com, an online marketplace where retailers and manufacturers sell bulk secondary stock direct to trade buyers.
The new funding has been used finance the recent acquisition of Koodos.com, the fashion e-tailer, which is expected to add a fashion clearance channel to the business.
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