Fruugo, an online marketplace platform, is pleased to announce that it has been included in the latest FT/Statista ranking of Europe’s fastest-growing companies (FT1000). This is the third consecutive year that Fruugo has been featured in the list and, this year, has been placed at 434.
The seventh annual FT 1000 ranking, compiled with data provider Statista, is based on revenue growth at European companies in the three years to 2021. It identifies groups that have flourished and expanded, many of them adapting well to shifting consumer demands, driven by the Covid-19 pandemic.
“We’re delighted to be included in the FT1000 ranking of European companies for the third consecutive year,” said Dominic Allonby, Executive Chairman of Fruugo. “We are proud to be both a profitable and fast-growing company with ambitious development plans. Just last year, we achieved another record-breaking year of growth and more than doubled the size of the business. We’re pleased for this success to be recognised and are excited for our growth trajectory to continue this year.”
Fruugo has continued its track record of sustained and exceptional growth over the last year, achieving revenue growth of 110 per cent in FY22 versus FY21, and over 230 per cent versus FY20. The business has grown revenue almost tenfold in the period of FY18 to FY22, representing a compound annual growth rate (CAGR) of 77 per cent (FY18 to FY22). This strong performance reflects the quality and scalability of Fruugo’s platform and technology, its market-leading data science expertise, and its continued long-term growth in global cross-border eCommerce.