Tuvalum: Fast-growing vertical marketplace for used quality bikes


Banking on organic reach, Tuvalum has set its sights on a €40 billion market

Spanish used bikes and cycling equipment online marketplace Tuvalum wants to become the reference portal for a market that’s still largely ruled by offline retailers.
The global bicycle market is forecast growing nearly 4% in CAGR from 2018 to 2022, and is worth €40 billion, the startup says. In Spain itself, sports and outdoor activities are one of the most promising retail sectors, with sales of US$540 million in 2018, and an expected CAGR of 6.5% for the 2018–2023 period.
There’s also been a recent boom in C2C online marketplaces for second...
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Edited by Bernice Tang, Suzanne Soh

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