Founded in 2011, MyDeal is an Australian e-commerce group that has successfully established an Australian online retail marketplace specialising in household goods such as furniture and homewares.
MyDeal operates a marketplace model that acts as an intermediary, facilitating transactions between consumers and sellers. MyDeal’s main source of revenue is a commission fee that it charges its sellers for every product and service sold on the marketplace. MyDeal also generates other ancillary revenue streams including online direct sales of its in-stock products, transaction fees, advertising fees, subscription fees and Seller onboarding fees.
According to 2021 Annual report MyDeal has over 894k Active Customers, 1151 Active Sellers and over 6 million product SKUs across 2,000 categories. Over 1 million products were sold in FY20 on the platform.
