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MyDeal Expands its Offering with Omnivore Integration
Online marketplace, MyDeal, is expanding its offering with the new partnership of Omnivore, an integration platform, for its marketplace sellers.
This new integration aims to enable retailers that use platforms such as Shopify, Magento and BigCommerce to begin selling their products within the MyDeal marketplace.
“One of the biggest challenges for a marketplace is providing retailers with seamless integration options for keeping their products up-to-date in real-time,” explained Joshua Mangan, the Chief Operating and Financial Officer at MyDeal.
“Omnivore helps solve this problem with its turnkey solution by connecting many leading e-commerce platforms to marketplaces, including MyDeal.”
MyDeal now joins leading Australian retailers such as Barbeques Galore, BCF, Chemist Warehouse and Officeworks that use Omnivore’s integration platform.
Last week, MyDeal announced its prospectus for its IPO on the ASX. The retailer launched in 2011 and has become one of the leading online retailers within Australia.
MyDeal is currently raising $40 million, $35 million in new capital and $5 million via Sell Down shares, ultimately valuing the company at $258.8 million.
In April 2017, MyDeal raised $5 million from Gandel Invest, owned by Tony Gandel, the son of the billionaire developer, John Gandel.
The Omnivore turnkey solution allows ‘seamless’ onboarding and integration into the MyDeal marketplace, with ‘precise’ management and maintenance of its inventory with facilitation of prompt order flows from MyDeal.
“We are really excited to have partnered with Omnivore, and we look forward to onboarding the many Australian retailers that use Omnivore onto the MyDeal marketplace,” Mangan told Power Retail.
This integration follows a series of previous introductions in the last 18 months from Shopify, ChannelAdvisor and Intelligent Reach.
“Our mission is to give our retailers the widest selection of marketplaces to sell their products on, and MyDeal’s impressive growth made them an obvious partner for us. We have built an integration that lets all our retailers sell on MyDeal within minutes so they can put their products in front of more customers more easily than ever before,” explained Ivan Logan, the Director of Omnivore.
“In the current climate, we are finding that retailers need an aggressively multi-channel strategy, so we were really pleased to be able to offer them this new opportunity to grow their sales.”