Vinomofo Places First in Deloitte Technology Fast 50 Australia

Australian online wine retailer, Vinomofo has been recognised for the steady, ongoing growth of its revenue over the past three years.

Australian-based online wine retailer, Vinomofo has received first place in the Deloitte Technology Fast 50 Australia 2013 awards, having recorded revenue growth of 1,723 percent in the past three years.

The wine retailer, which evolved out of a social site for wine lovers by Co-founders Andre Eikmeier and Justin Dry, was previously accelerated under the watch of Gabby Leibovich and Catch of the Day. Since then, Vinomofo has parted with The Catch Group to continue its growth trajectory independently.

Eikmeier, who is also CEO of Vinomofo, says this award is testament to the hard work of his team.

“We’ve got the most talented team with us, as well as the most awesome community of wine lovers. For us, our customers and suppliers aren’t just transacting with us. To a large degree, they’ve invested in our journey, they believe in us, and have championed us from the beginning. This award is a nice validation for them as well as for our team. It makes everyone feel like they’re a part of something good, something successful, and that they’ve played a part in that,” Eikmeier said.

Vinomofo attributes its success to the singleminded dedication to becoming the best wine site available, offering quality wines and great deals. Eikmeier indicates that the company plans to continue on this route, while also exploring more traditional marketing channels into the future.

“My co-founders and I are pumped to be awarded the top spot by Deloitte,” Eikmeier said. “It has been a phenomenal ride for us – from a garage in Adelaide to a leader in the online wine market and the fastest growing tech start-up in the country.

“Our ranking is based on revenue growth, but to us this is a pure measure of the impact those millions of decisions we made along the way have had, and the traction we have been able to gain in the marketplace. We’re also very proud that we have been able grow profitably, rather than simply pump capital into marketing dollars to ‘buy’ our growth.”

Now in its thirteenth year, the Deloitte Technology Fast 50 Australia 2013 program recognises and profiles Australia’s 50 fastest growing public or private technology companies, based on percentage revenue growth over three years, 2011 to 2013.

“Over the past few years brand new business models have emerged as a result of the connectivity and level playing field offered by the internet,” said Joshua Tancel, leader of Deloitte Technology Fast 50 Program. “This year we continue to see the rapid growth of businesses that could not have existed 10 or even five years ago.”

“The convergence of disruptive, post-digital technologies is changing the ways businesses must respond to individuals’ needs and expectations. Companies like Vinomofo continue to be an inspiration in the way they have achieved rapid growth by exploiting new opportunities in existing markets.”

Other notable e-commerce businesses recognised in the Top 50 include Kogan, Temando, SurfStitch and Balance Internet.

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