BuyVIP
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BuyVIP - overview
Established
2006
Location
Madrid, -, Spain
Primary Industry
Internet
About
BuyVIP operates as an online shopping platform, primarily offering exclusive fashion deals and discounts to consumers. It focuses on providing a wide range of high-quality products from various brands. Founded in 2006, BuyVIP is based in Madrid, Spain, and specializes in online retail, focusing on discounted fashion items. In October 2010, Amazon acquired BuyVIP from a consortium of investors led by Cipio Partners for USD 97 mn.
The company has engaged in eight notable deals since its inception. BuyVIP provides an online shopping experience that features exclusive flash sales on fashion and lifestyle products. The platform offers a variety of items, including clothing, footwear, and accessories from recognized brands, catering to a diverse customer base looking for premium products at reduced prices. Its model emphasizes limited-time offers, creating urgency and excitement among shoppers.
In 2024, BuyVIP reported a revenue of USD 398. 62 mn, while its EBITDA for the same year was USD -22. 78 mn, reflecting its operational expenses and investment in growth initiatives. Following its acquisition by Amazon in 2010, BuyVIP aims to leverage Amazon's infrastructure to expand its product offerings and reach new markets.
The company is focused on launching a new line of sustainable fashion products by the end of 2024, tapping into the growing demand for eco-friendly options. Recent funding from the acquisition deal, valued at USD 97 mn, will support these initiatives, including technology enhancements and market expansion strategies.
Current Investors
Debaeque Venture Capital, 3i, Active Venture Partners
Primary Industry
Internet
Sub Industries
Web Applications, Search Engines
Website
www.buyvip.com
Verticals
E-commerce, Mobile Apps
Total Amount Raised
Subscriber access only
BuyVIP - financials
| Fiscal Year Ended | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 14,033,194 | 21,458,162 | 45,930,098 | 70,306,509 | 100,501,853 | 155,840,000 | 223,288,000 | - | - | - |
| % Revenue Growth (YoY) | - | 52.9% | 114.0% | 53.1% | 42.9% | 55.1% | 43.3% | - | - | - |
| EBITDA (USD) | 72,994 | 500,811 | 1,153,279 | 1,433,283 | 799,455 | 272,000 | (3,449,000) | - | - | - |
| Operating Income (USD) | (792,788) | (725,045) | (1,412,122) | (2,862,076) | (5,531,270) | (7,017,000) | (10,715,000) | - | - | - |
| Operating Margin | (5.6%) | (3.4%) | (3.1%) | (4.1%) | (5.5%) | (4.5%) | (4.8%) | - | - | - |
| % EBITDA Margin | 0.5% | 2.3% | 2.5% | 2.0% | 0.8% | 0.2% | (1.5%) | - | - | - |
| NET Income (USD) | 4,083,781 | 3,098,852 | (868,445) | (4,082,115) | (5,746,647) | (4,499,000) | (14,243,000) | - | - | - |
| % Net Margin | 29.1% | 14.4% | (1.9%) | (5.8%) | (5.7%) | (2.9%) | (6.4%) | - | - | - |
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