French startup ManoMano is growing a new funding round of $125 million( EUR1 10 million ). The firm operates an e-commerce website and marketplace focused on dwelling improvement and gardening.
ManoMano is part of the great unbundling of general e-commerce platforms. By focusing on a horizontal in particular, the company can provide a large produce provide, competitive costs and better customer service.
The platform generated $450 million( EUR4 00 million) in egregious stock ethic last year. France is still its central marketplace, but the company plans to become the dominant residence betterment programme in Europe.
According to an interview in JDN, ManoMano plans to take a sheet out of Amazon’s playbook and expand its Mano Fulfillment service. As the call indicates, ManoMano plans to manage commodities from third-party retailers and take care of logistics.
More recently, ManoMano launched a B2B service with a few advantages for professional workers.
Eurazeo Growth, Aglae Ventures and Bpifrance are participating in today’s fund round, with existing investors CM-CIC, Partech Ventures, Piton and General Atlantic also participating.
Read more: techcrunch.com.