“A rising tide lifts all boats”: Victoria’s online marketplace startups generating $1.6b in profit

By James Harkness · 25 January 2018 · Featured

“A rising tide lifts all boats”: Victoria’s online marketplace startups generating $1.6b in profit

Victoria's Online Marketplaces Soar to New Heights

A surge in online marketplaces is revolutionizing Victoria's economy, but what does this mean for the future of jobs and growth? The numbers are staggering, but the full story is yet to be told...

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Summary

Victoria’s online marketplace startups have created jobs for 93,000 people and contribute $1.6 billion to the state economy, according to new report from EY-Parthenon and startup ecosystem development agency LaunchVic. The report, A Review of Melbourne’s Digital Marketplaces, shows the sector is growing at 11% per year, well above Victoria’s current industry growth rate of […]