You are here: Home » Companies » News
Business Standard

Singapore-based online retailer Shopmatic launches operations in India

Company helps manage anyone who wants to sell online tackle the entire process

BS Reporter  |  Bengaluru 

Singapore-based online retailer Shopmatic launches operations in India

With online retailing being bullish in India, Singapore-headquartered Shopmatic, which helps entrepreneurs to sell online, has launched its operations in the country.

The company helps manage anyone who wants to sell online tackle the entire process - from enabling them develop their own webstore to listing them on marketplaces and social channels to helping them with insights on how to sell online, all at $20 (about Rs 1,300) per month.

Shopmatic was incepted in December 2014 and has offices in Gurgaon and Bengaluru. India is its first market and looks to soon expand to other markets, including West Asia, Africa and Australia.

It has established partnerships with international and local helping sellers to even sell on international markets.

"India has the unique advantage of addressing their needs on a larger scale. There are over 51 million small and medium businesses in the country, and a significant base of untapped individual entrepreneurs," said Anurag Avula, chief executive officer of Shopmatic Group. "Our platform makes it easy for anyone to sell their products or services online, by offering them an international e-commerce experience at a price point that is very affordable."

Other similar players in the segment include Snapdeal's Shopo, the mobile application-based online platform that enables anyone to sell online and Shopify, an e-commerce website solution that allows one to sell online by creating an online store.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, October 28 2015. 12:50 IST