The discovery platform supporting independent retailers while bringing shoppers “something different”
Founders: Mandeep Singh, Maxim Berglund and Alex Loizou
Founded: January 2013 (November 2013)
After noticing the merging of the on and offline retail worlds, due largely to advances in mobile technology and the increase in multichannel shopping, founders Mandeep Singh, Maxim Berglund and Alex Loizou spotted an opportunity.
Drawing on their combined years of experience in retail technology, they created an app that offers independents the necessary scale and technology to exploit these trends – while giving savvy shoppers something different.
The benefit for the 400 retailers already on board is obvious, increased exposure for a small subscription fee and for consumers it’s an equally appealing proposition. Users can browse products from StreetHub’s online marketplace, click and collect, and even get a Shutl delivery. It’s not surprising then that more than 35,000 Londoners are already using the platform to find quirky and original lifestyle products and clothes, supporting the capital’s small businesses in the process. The brand has even amassed a hugely influential celebrity fan – Stephen Fry shared his love for the app on social media, a coup for the young business.
Since launching in November 2013, the company has gone from one instrumental word of mouth recommendation to grow its product base by 600%, retailer base by 300%, and claims 500% year-on-year growth. Having just closed a substantial round of investment from Octopus Investments, Playfair Capital and Index Ventures, StreetHub is set for UK and international expansion over the coming year, as well as launching a new website and expanding its customer base.