Gabby Leibovich began his career in retail selling electrical goods. With a keen marketing eye, he saw the potential of the internet to deliver better value for customers and in early 2006, with his younger brother, founded CatchOfTheDay – an ecommerce business based on a new online retail model offering ‘a deal a day’.
The new retailing model was an immediate success, with the company quickly expanding launching spin off sites scoopon.com.au
- Australia’s leading group buying website offering discounts on services and experiences – and online supermarket groceryrun.com.au
In 2011 the rapid growth and success of the online retailing group caught the attention on an investment consortium that included James Packer and international venture capital firm Tiger Global, who invested $80 million into the business for a minority share.
In April 2012, the group expanded into the high growth online wine space, with its investment in online wine retailer, vinomofo.com
, and has plans to launch another two sites in fresh new categories during 2012.
With a vision to build Australia’s #1 ecommerce group, operating in a number of niche sectors, Leibovich looks to markets, where he can bring about price competition and deliver better value to shoppers.
The group is currently on track to deliver revenues in excess of $250 million and has over 2 million registered members who purchase an item every three seconds, 24 hours a day, seven days a week.
With no signs of its phenomenal growth slowing down, the CatchOfTheDay group is known as a disruptive force in the Australian retail sector, challenging traditional views of retailing and harnessing the power of the Internet and social media to build an engaged community of buyers.