With the current trend to digitize businesses gaining increasing mileage, Singapore-based e-commerce company Shopmatic, which provides a platform for merchants to take their business online, has achieved tremendous growth within just five months since its launch.
The company has reached its first milestone with 10,000 online store owners choosing Shopmatic's services to engage and expand their customer base.
Launched in October 2015, Shopmatic helps merchants and individuals handle the full spectrum of what is required to grow their business online, from developing a web-store to listing it on marketplaces, and promoting it on social channels, along with helping with insights on how to sell online.
Within a month of launching operations, Shopmatic tied up with Confederation of All India Traders (CAIT) to help it's almost sic crore merchants digitize their offline businesses. Earlier this year in January, Shopmatic signed a deal with online payments giant PayPal to enable its merchants to expand their global sales.
The move also marked PayPal's first tie-up with an Indian partner. All these tie-ups have been instrumental in helping the e-commerce company reach its first milestone.
"We are quite happy with this progress as this confirms that we are heading in the right direction. These numbers are also a reaffirmation of the surging confidence of small merchants in tapping the online ecosystem for increasing their consumer base on both the national and global front," said CEO of Shopmatic Group, Anurag Avula.
Meanwhile, to enable easy payments and delivery solutions to the target consumers of online businesses, the e-commerce business-enabler has recently tied up with India's payment getaway solution and mobile wallet, Citrus Pay.
By offering comprehensive service offerings that help businesses establish an online presence as per their relevant market and target audience, Shopmatic is taking the right measures to ensure entrepreneurs do not miss out on the potential that the burgeoning virtual ecosystem promises today.
