ShopX targets to bring 75000 retailers on its platform this year
The company claims it has grown by 40 times in the past eight monthsJune 05, 2017 | comments ( 0 ) |
Bengaluru-based tech startup, ShopX, which partners with retailers and kirana store owners in smaller towns to provide its customers access to products via ecommerce, claims it has grown by 40 times in the past eight months.
Amit Sharma, CEO, ShopX, said, "The company expects to be profitable before 2017 ends."
He said, "Retailers don't trust companies like Amazon or Flipkart. We are not here to threaten them (retailers), but to work with them. One of our goals this year is to cross 75000 retailers and turn unit profitable."
ShopX pre-selects retailers by charging a non-refundable fee of Rs 1,000 per retailer to use the ShopX application.
Sharma added, "This ensures that the retailer is serious about it and it also guarantees that we make money with every retailer who comes on board," added Sharma. The company also has a strong relationship with brands where profit margins are higher.
According to Pramod Varma, Technology Advisor, ShopX, "the company has an edge as it operates in new markets and customer segments, unlike the overly competitive ecommerce market."
24 Nov 2015, Hotel Pullman, Aerocity, New Delhi.
Attend First global conference & master class on franchising.
GROW YOUR BRAND FRANCHISE >> REGISTER NOW!
- Payments platform PhonePe looks to double its team
- Vision Express expands retail presence, opens new outlet in Delhi
- Shopclues Reduces Headcount By 45-50 Employees
- Flipkart Unfreezes To Increase Headcount, Offers 700 New Jobs
- Voonik's Revenue Rises To Rs 117 Crore In FY17
- Lifestyle Launches New Gift Card In Partnerhip With Qwikcilver
- Amazon India's Summer Sale for large appliances to start from midnight
- Sportina Exim Enters India With Houston Based Fitness Equipment 'Promaxima'
- Microsoft Enables Digital Payment Facility In 'Kaizala' app
- Zivame Invests Rs 40 Cr In Offline Segment For Sales Push