|Description||Home Furnishings Brazil|
|Private Equity, 4/2013 |
J.P. Morgan Securities Inc.
Mobly is a Brazil-based home furnishings site. Mobly provides cost-friendly home furnishings.
The site was founded 18 months ago and in 2012, its total revenue was $89.5 million.
Now, it sees over $8 million dollars in sales each month, with that number growing rapidly, Kong notes. Like other e-commerce sites, Mobly’s strength comes in the ability to offer consumers a large range of stock, with more than 45,000 SKUs, according to Kong, on offer at any time.
The three Brazilian co-founders, Victor Noda, Marcelo Marques and Mario Fernandes, as also all co-presidents.