Czech vogue search engine Glami is buying Stileo, a vogue ecommerce platform working in Italy. Based on the businesses, they generate over 500k month-to-month orders to partnered retailers. Collectively, the platforms purpose to develop to 1 million orders a month.
Glami, based in 2013 within the Czech Republic, is a vogue search engine with over 3000 companion retailers. Italian vogue platform Stileo began in 2014, connecting to over 220 on-line retailers.
40 million and seven million guests
Glami at the moment has over 40 million guests a month. The search engine is lively in 14 international locations throughout Europe, lately launching in Spain. The Poland-based Stileo primarily operates in Italy, garnering 7 million month-to-month guests. Amongst its partnered retailers are Amazon, Farfetch, Excarpe and Maxi Sport.
Though Glami is buying Stileo, the latter will proceed to function underneath its present identify. The platforms will probably be technologically built-in this month.
Their joint purpose is to develop to 1 million month-to-month orders.
Collectively, the businesses will function in 14 markets. The style platforms declare to generate over 500k month-to-month orders to partnered retailers. Their joint ambition is to extend this to 1 million orders per 30 days.
‘Play vital function in e-commerce in Europe’
Glami co-founder and CEO Tomáš Hodboď says he’s proud to develop the corporate by acquisition somewhat than searching for an investor. “With this acquisition, we will probably be combining the strengths of each groups underneath one firm with greater than 130 workers. We’re creating a powerful tech workforce that performs an vital function in e-commerce in Europe.”
“We will probably be combining strengths with over 130 workers.”
“We’re thrilled to hitch GLAMI’s superior tech platform with its newest options and inner product and growth sources,” Stileo’s CEO Igor Smolny says. “Over the previous couple of years GLAMI invested closely into the implementation of machine studying applied sciences into its tech stack and noticed nice outcomes in terms of personalised product suggestions, similarity and scalable content material administration fashions.”
“GLAMI invested closely in machine studying applied sciences.”
He provides: “By becoming a member of our corporations collectively, each our Italian customers in addition to partnering e-shops will probably be quickly in a position to profit from these applied sciences. We proceed on our mission to change into the primary selection for Italian customers in terms of looking for vogue.”