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Asset Name: VINEX - Global Bulk Wine Trading Marketplace - Existing Shares


Asset ID: 6686001
Categories: Securities, Established Companies
Sale Type: Asking Price
Price Guide: AUD $0.25 per share
Status: Closed

Summary:

To view our Webinar with the CEO click on get more details.

VINEX is re-shaping the global bulk wine sector by engaging the industry with a comprehensive web-based B2B trading solution.

Commercial pressures are changing the world wine market. Total wine production of circa 26 billion litres continues to exceed consumption and requires producers to increase their sales universe. This requires that wines be produced more universal in style to maximise their appeal. This, coupled with retailers’ aggressive expansion of their own-label range and focus on increasing margins requires buyers to increasingly demand wine be supplied in bulk for in-market bottling, closest to the point of final sale.

Developed by industry experienced executives and senior advisors, the intuitive trade methods and sampling process digitise the current conventional processes introducing greater efficiencies, transparency and connectivity to a large and growing sector.
 
The exchange operates in 6 languages, engaging the industry across multiple markets targeting the largest producers, brokers and buyers.

In December 2017 the company completed their Growth capital raising through PrimaryMarkets, valuing the company at $6.2m.

 

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