People’s Champion finalist 2016: Trouva
Is the online destination for more than 30,000 of the 'best' UK independent shops and boutiques your People’s Champion?
Start-up name: Trouva (formerly StreetHub)
Founders: Alex Loizou & Mandeep Singh
Started in: 2013
Based in: London
Business description: Marketplace for independent shops and boutiques
The Trouva story:
Taking its name from the French trouvaille meaning ‘lucky finds’, Trouva (formerly known as StreetHub) offers a curated marketplace of the UK’s “best” independent shops and boutiques – available to access online and on iOS.
Founded by young entrepreneurs Alex Loizou and Mandeep Singh, Trouva sells everything from homeware to accessories, jewellery, men’s and women’s clothing and even baking essentials, with more than 30,000 products from 150 shops and 16 cities currently featured on the site and hundreds more added daily.
Trouva says it has increased turnover for its top 10 boutiques by 15 to 25%, with a number of them on course to hit £100,000 a year through the site.
Currently claiming to see astonishing growth rates of 2,000% year-on-year, 2017 looks to be a big year to Trouva with plans for rapid international expansion across Europe.
After an initial launch in Berlin, the company is setting its sights on Stockholm, Paris and eventually Asia and the US.
Why Trouva made our shortlist:
Backed by £2.5m in funding, Trouva is set to achieve its ambition of becoming the destination for the world’s best independent shops and boutiques and is predicting eight-figure revenues for 2017 – one to watch indeed!