MyDeal.com.au Limited (ASX:MYD)
MyDeal.com.au Limited (ASX:MYD) operates an online retail marketplace focused on household goods such as furniture and homewares. MyDeal currently has more than 800 active sellers on its platform with over 5 million product SKUs listed across over 2,000 categories (with the number of SKUs available for sale at any time determined by the sellers).
As an online marketplace, MyDeal earns the majority of its revenue via a commission charged on the sale price of products sold to its 555k active customers (as at 31 July 2020). Over 1 million products were sold on MyDeal’s platform in FY20.