The Netherlands

Takeaway.com has received 74 million euros worth of funding from investment companies Macquarie Capital and Prime Ventures. It’s not the first time the Dutch company, specialized in online food ordering and home delivery, got funding as it received an investment of 13 million euros from Prime Ventures back in 2012.

The ecommerce market in the Netherlands has grown with 8.5% to reach 10.6 billion euros. It’s for the first time ever Dutch online stores together sell more than ten billion euros. The number of online orders also grew, thanks to a rise of 11% there were almost 100 million orders last year.

Vente-Privee wants to more than quadruple its revenue in the next ten years. The online retailers wants to achieve this by extending the model of flash sales that it once started in France. The goal is to achieve annual sales of 6 billion euros to 8 billion euros in 2024.

Although the majority of Dutch web merchants think their online store will be still active in 2020, but practice proves otherwise. Almost half of Dutch online entrepreneurs have had a revenue smaller than 10,000 euros in 2012. About 80% have never even earned an average income with their online store.

Fonq.nl, an online department store, will be expanding further in Europe. This year it wants to open online stores in The United Kingdom, Austria and Scandinavia. It’s also planning to acquire other online shops to further expand its product line.

Fab.com will open an office in The Netherlands this fall. The design ecommerce company is planning to open their administrative and logistics office in Eindhoven, a city known as the capital of Dutch industrial design. 450 jobs are about to be created in this region.