Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We use cookies to personalise your experience; learn more in our Privacy and Cookie Policy. You can opt out of some cookies by adjusting your browser settings; see the cookie policy for details. By using this site, you agree to our use of cookies.

Trouva CEO steps down

Trouva co-founder Mandeep Singh has stepped down from his role as CEO of the online marketplace for independent retailers, after six years. 

Singh has been replaced by his fellow co-founder Alex Loizou, who has until now been chief technology officer (CTO) and chief product officer. 

Loizou has been CTO since 2013, and had been taking on more leadership responsibilities in recent months.

Singh will remain on the board but will not be involved in the day-to-day running of the marketplace.

He said: “After almost four and a half years as Trouva CEO, I decided the time was right to handover the CEO role to my brilliant cofounder Alex Loizou. Alex has been part of the journey from day one and after our stellar 2019 and $22m (£17m) fundraising in November, I can’t think of anyone better to take the company I love to the next stage.

“I will continue to work at Trouva and be a director, and in these times when independents stores across Europe have had to close their doors, I couldn’t be prouder of the work the team is doing to keep independents across Europe trading and thriving online.” 

Loizou said: “I will be taking over the CEO role at Trouva from my longtime co-founder Mandeep Singh who will continue to be part of our journey as a director. Mandeep and I came together over 7 years ago to build a platform that takes the world’s best independents online.

“I’m excited to lead Trouva to its next chapter as we spearhead a future powered by the master curators of the offline world.”

Last November, Trouva secured £17m in a funding round with investors to help it expand its presence in mainland Europe.  

Drapers’ coronavirus update

We’re working to keep delivering to your doorstep. If your magazine is delivered to your office and you’d like to change this, please email or call 01604 828 705.

As a subscriber you can also read the digital editions of the magazine, which can be found under the ‘My Account’ tab on the main navigation bar.

Finally, make sure you’ve signed up to our newsletters by visiting ‘My Account’ and ‘Newsletters’.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.