Online marketplace OnBuy.com has partnered with Hermes to offer both vendors and customers “seamless and trusted end to end service”.
Founded in the UK in 2016 by Cas Paton, OnBuy has established itself in the eCommerce sector as a pure online marketplace that doesn’t compete with retailers, offering a “fair and transparent” approach that aims to level the playing field for sellers.
Since its launch in 2016, it has amassed more than 7,000 merchants on the platform and over 36 million products, and has its sights on global expansion. Following its recent £35M Series A+ funding round, OnBuy has launched a host of platform enhancements and undertaken a series of specialist and senior hires.
The new integration with Hermes will provide vendors on the platform with greater choice and convenience, enabling simple and secure shipping from a known and trusted service. OnBuy is confident that not only will this partnership help sellers grow in the UK but, through its strong international network, it will also be an essential vehicle for merchants’ growth as OnBuy expands into global markets over the coming years.
“Working with a household name like Hermes will be pivotal as we continue to grow and lay down the gauntlet to the industry giants who currently dominate the field,” says Mark Lister, CCO of OnBuy. “Learnings from the last two years show that the sector will continue to grow, with demand increasing more than ever. At OnBuy it is vital that we can facilitate this demand with a seamless and trusted end to end service – which is made ever stronger with this partnership.”
Claire Phelan, Head of E-commerce Partnerships at Hermes UK, commented: “There has been significant upward trend in the volume of parcels entering the Hermes network from marketplaces such as OnBuy. The growth has been accelerated through the pandemic as a result of changing consumer shopping preferences and an increase in start-up businesses and merchants choosing to sell through marketplaces. We are making it easier, cheaper and more convenient for these businesses using marketplaces to access the Hermes services whilst helping them to save time and money.”
The partnership, effective now, marks another step for OnBuy’s plans to reach unicorn status in the coming years, with a roadmap of further company milestones yet to be announced.