eBay announced on Monday that it’s acquiring Tise, a social marketplace for second-hand fashion and interior design items. The financial terms of the deal were not disclosed.
eBay says the Oslo, Norway-based company’s platform will open the door to a community of Gen Z and millennial customers. The company also says Tise’s community features, such as the ability to follow sellers, like and comment on listings, and receive personalized product recommendations, along with its focus on current inventory, will enhance eBay’s consumer-to-consumer experience.
Tise was the first company to receive an investment from eBay Ventures in 2022.
“This acquisition is a natural next step in our investment in Tise, which will allow us to accelerate Tise’s strategy and unlock new opportunities for inno