A 29-year-old entrepreneur raised \u00a31m in a crowdfunding drive hoping to build the world\u2019s biggest wine store online.\r\n\r\n\r\n\r\nBen Revell, CEO of Winebuyers.com, hoped to raise \u00a3525,000 in an equity crowdfunding drive and now has plans to expand the business to Oxford Street. \r\n\r\nHe spent \u00a3380,000 developing the site Winebuyers.com which connects wine merchants and producers from around the world with consumers. \r\n\r\nThe site charges a monthly fee of up to \u00a3100 and it has already signed up 178 merchants and producers from up to 40 countries such as Mexico, Madagascar, Japan, Andorra, Luxembourg and Thailand. \r\n\r\nIn addition to these countries, 3,000 wine shops and vineyard owners have expressed their intention to join.\r\n\r\nRevell said: \u201cVineyards have the inclination to sell online, but they don\u2019t have the time or resources. The cost of building their own websites is high, and promoting them is very expensive. I can\u2019t believe someone hadn\u2019t done it already.\r\n\r\n\u201cThis is where the industry is going, where ecommerce is going. It just seems like a natural progression and we want to get there first.\u201d\r\n\r\nWinebuyers.com\u2019s prices range from \u00a35 to \u00a350,000.