EBay website Declare On Monday, it acquires Tise, a social market for fashionable fashion and interior design. The financial conditions of the deal have not been revealed.
Ebay says the Norway -based company platform opens the door for a society of Gen Z and Millennial clients. The company also says that the features of the TISE community, such as the ability to follow the sellers, like them and comment on the menus, and receive the recommendations of custom products, as well as focus on the current stock, will enhance the consumer’s consumer experience from EBAY.
TISE was the first company to receive an investment from Ebay Ventures in 2022.
“This acquisition is a next natural step in our TISE investments, which will allow us to accelerate the Tise strategy and cancel new opportunities for innovation,” said Oliver Klink, Vice President, GMBAL MARKET SUCCESS and C2C at EBY on EBY. press release. “With the existing inventory on the direction, the loyal community, and the first social approach, we will enhance the EBay C2C offers, and we communicate deeper with the next generation of enthusiasts.”
The acquisition of EBay of Tise indicates that she is looking to update her platform to attract younger shoppers, expand social trade tools, and build a stronger presence in the sustainable retail market.
The deal is expected to be closed by the end of the fourth quarter of 2025. The conclusion is subject to customary conditions.
“In TISE, we always believed to make resale fun, easy and inspiring essential to a more sustainable world,” Eric Ferrend Reem, CEO and co -founder of TISE, said in a statement. “EBY shares our vision and support, we will enhance our model that society drives and enables more people to participate in the social market.”
TISE was founded in 2014, TISE raised $ 45 million of financing, according to the Market Intelligence platform Tracxn.
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