Electronics reseller Reebelo posts nearly 6x revenue growth in FY 2022

Reebelo co-founders Philip Franta (left) and Rastouil Fabien / Photo credit: Antler

Singapore-based Reebelo, which operates a resale platform for consumer electronics, logged S$7.8 million (US$5.8 million) in revenue for the financial period from October 1, 2021 to December 31, 2022.

This represented a nearly six-fold increase compared to the same period a year prior.

All of the company’s revenue is generated from commissions, according to its latest financial report, which is unaudited.

Within the same timeframe, the company also registered US$13.9 million in total expenses, a roughly 321% surge year over year.

This resulted in US$9.8 million in losses for the 2022 financial year, growing over 3x compared to its full-year 2021 results.

The company’s report included ‌figures from its operations in Australia, China, Malaysia, New Zealand, South Korea, and the US, but didn’t provide a breakdown of results from each unit.

Tech in Asia ‌has reached out to Reebelo to find out more.

Founded in 2019 by Philip Franta and Fabien Rastouil, Reebelo said in March 2023 that its gross merchandise value (GMV) had grown 12x over the past two years and the firm had served over 200,000 customers. Global sales had tripled in the last year, with the US growing to 25% of total sales.

In the same month, the company announced it raised another US$29 million for its series A round and opened a headquarters in the US.

See also: Niche recommerce takes the fight to Carousell in SEA