Trouva, an online marketplace for independent shops, has named Niall Wass as its new non-executive chair. Wass’s appointment comes at a critical time of growth for the platform.
Having raised $10 million last year, Trouva aims to leverage Wass’s expertise to cement its position as a leader in the independent retail sector.
Niall Wass Joins Trouva
Niall Wass, known for his strategic acumen and extensive experience in tech investments, has taken up the role of non-executive chair at Trouva. Wass is also a partner at venture capital firm Atomico, where he has invested in numerous high-growth tech companies. His role at Trouva will see him collaborating with the existing leadership team to devise strategies aimed at further growth.
Additionally, Wass holds a non-exec chair position at Glovo, a city-wide delivery app. His other board engagements include companies like Lime, Habito, OnTruck, and Jobandtalent.
“I have been impressed not only with the rapid growth of the business, but the quality of its service and tech platform,” said Wass. “I look forward to working with the team on a strategy that will enable Trouva to fulfil its ambition to become a major player in the retail and online shopping landscape.”
Impressive Marketplace Performance
Mandeep Singh, Trouva’s CEO and co-founder, has expressed optimism about the company’s prospects despite Brexit. “At a time where the looming prospect of Brexit might be hanging over most UK-founded and based start-ups, it is business as usual for us,” noted Singh.
Singh highlighted that the growth of boutique partners on Trouva’s platform has been significant, demonstrating the platform’s potential and the strength of its business model. These boutiques, celebrated for their unique curation and strong identities, are integral to Trouva’s continued success.
Role of Technology in Trouva’s Success
Technology plays a crucial role in Trouva’s operational strategy. The platform’s tech solutions offer an excellent user experience while helping boutiques manage their businesses more efficiently.
This technological prowess not only supports operational efficiency but also facilitates international expansion, a key component of Trouva’s growth strategy. By leveraging advanced tech tools, the platform aids boutiques in overcoming logistical challenges, making it easier for them to reach a global audience.
Future Prospects for Trouva
The future looks promising for Trouva. As it continues to expand and innovate, the platform is set to become a dominant player in the retail and online shopping landscape.
Wass’s addition to the team is expected to accelerate this growth, supporting Trouva’s ambition to showcase the best of independent retail to a global audience.
Wass’s appointment as the non-executive chair marks an exciting chapter for Trouva.
With his extensive experience and strategic insight, Trouva is well-positioned to achieve its growth ambitions and further establish itself as a leader in the online marketplace for independent shops.
