Grovara’s B2B Online Marketplace Expands Global Footprint, Demonstrates Strong Recurring Revenue While Growing Users and Orders
Grovara, the exports and imports wholesale marketplace for consumer brands, announces it continues to grow its number of users and orders as the company expands its global footprint and reputation as an invaluable partner for the future of international trade.
Grovara provides an easy global wholesale experience for consumer brands and international buyers to discover, transact, scale, and add revenue to their top line. Grovara’s automated experience streamlines exports and imports with just a few clicks to complete transactions. The company has increased its number of registered users year-over-year, including international buyers by 6x and American food and beverage brands by 3x, while total orders on the marketplace have also increased by 4x.
“We will continue to build out our in-country teams and establish additional distribution partnerships in those regions to gain deeper penetration, while also advancing our product roadmap to expand the power of our platform for both buyers and sellers”
Read More: Creatio And Deloitte Announce A Strategic Partnership To Deliver The Value Of No-Code Tools To More…
“Brands and buyers are increasingly seeing the value of our platform to manage and grow their exports and imports channels, because of the easy and transparent experience, backed by a team that’s thought-leaders in the industry,” says Grovara CEO Abu Kamara. “All of the brands on Grovara are export-ready, with all the documentations, support and commitment to launch and grow international, while our buyers are vetted and ideal partners to import these consumer brands. The industry is waking up to a model with Grovara.”
Grovara opened offices in Mexico and Dubai this year and made its first sale to mainland China, demonstrating the power of Grovara’s platform and demand for its solutions. Grovara anticipates growth to continue in Latin America and the Middle East, with increasing growth across Asia-Pacific.
“We will continue to build out our in-country teams and establish additional distribution partnerships in those regions to gain deeper penetration, while also advancing our product roadmap to expand the power of our platform for both buyers and sellers,” says Grovara VP, Supply Chain & Logistics Juliana Rogenski.
Read More: SalesTechStar Interview with Pedro Souza, Vice President of Customer Care at SmartBear
Grovara, which offers more than 1,000 better-for-you products, is the international sales channel for some of the most dynamic CPG brands in the world, like GT’s Kombucha, Horizon Organic, True Citrus, and Waterloo Sparkling Water. On average, retailers order at least four times from brands annually. What’s more, 76% of monthly sales are recurring, while 95% of new orders become recurring orders, meaning buyers are finding products that are selling well and orders are being fulfilled with ease.
“Our curated marketplace has created a strong recurring revenue model. In fact, our buyers will often increase purchase volume with each new order,” says Sales Director Eugenia Schlitter.
Earlier this year, Grovara was named to the CB Insights Retail Tech 100 list of innovative startups, emerging from 7,000 applicants as a leader in merchandise planning and inventory management. The company also won Best Emerging Technology Company at the Philadelphia Alliance for Capital and Technologies Awards in May.
