What is Booktopia? Booktopia Review

Booktopia was founded in 2004 and is a very famous book website in Australia. It contains many best-selling books in the world, as well as many original books. Booktopia co-founder Tony Nash has an IT background. In the design of Booktopia website, Tony Nash's expertise is fully reflected, making Booktopia search engine efficient and concise.

About Booktopia

Booktopia is an online bookseller with an annual turnover of more than $100 million and no physical stores. Although Booktopia does not have physical stores, its product quality and service are very guaranteed, and its reputation in this regard has won Booktopia the award "Smart50 Community award in 2014".

Booktopia, which has 5.2 million customers and is valued at $113 million, shelved plans for an IPO that would have raised more than $100 million earlier this year when it said market sentiment toward retailers was cooling.

Booktopia has launched a $10 million crowdfunding campaign, raising funds from ordinary investors at $1 per share on crowdfunding platform Equitise, corresponding to 8.1% of its business. This is the largest per share equity financing in Australia to date.

Booktopia CEO Tony Nash said Booktopia sells an item every 6.1 seconds and shipped more than 4.7 million items in the 12 months to June 30, 2018. When Booktopia was first established, it had a budget of $10 a day and it took three days to sell its first book.

According to PwC’s Australian Entertainment and Media Outlook 2018-2022, total consumer and educational book sales grew from $1.806 billion to $1.933 billion between 2013 and 2016. The outlook predicts the total market will grow from $193.3 million to $1.975 billion between 2017 and 2022.

Nash said a large part of the market growth came from increased revenue at Booktopia Group.

Chris Gilbert, founder of the Equitise platform, believes that "Booktopia is one of the strongest and most successful self-started businesses I have seen to date" and "With a proven path to ensure continued growth and new opportunities in new markets, as well as their recently launched book distribution business, I am sure this investment opportunity will attract the attention of many savvy investors."