Born out of a Finnish venture backed by former Nokia chairman Risto Siilasmaa, and now based in Cumbria, this company runs an online marketplace operating in 42 countries and 30 languages. Shoppers browse in their own language and using local currency to pay for items on the site, which offers more than 20 million products from 1,000 companies. Led by co-founders Dominic Allonby, 57, and Darren Naylor, 53, the business is backed by private investors, including former Marks & Spencer boss Lord Rose. Sales reached £10.3m in 2019, and Fruugo says revenue increased 200% in the first few months of the pandemic as shoppers turned online to purchase goods.
This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.