Made.com, the owner of Trouva, is currently in talks with potential bidders as it proceeds with its sale process. The company recently updated investors and disclosed that it has entered into non-disclosure agreements with interested parties. These parties will have the opportunity to submit non-binding indicative proposals by mid-October.

After reviewing these proposals, a select number of parties will be invited for further negotiations. Made.com’s management has informed potential bidders that the company’s current plan as a standalone public entity will require funding of £45 million to £70 million over the next 18 months.

Despite its aspirations for growth, Made.com has faced significant challenges. The company decided to put itself up for sale after reporting wider half-yearly losses. These losses were primarily attributed to increased costs and reduced consumer spending on non-essential items. In the first six months of the year, Made.com’s pre-tax loss amounted to £35.3 million, compared to £10.1 million in the previous year.

As the company seeks potential buyers, it remains focused on its goals and growth strategy. Made.com acquired Trouva earlier this year in a bid to support its expansion plans. The company’s discussions with interested bidders will play a crucial role in shaping its future trajectory.

(Useful Links:
Official Made.com Website
Official Trouva Website)