Tag: Mr. Anurag Avula

Business World

Shopmatic launches new range of e-commerce solutions to fuel more entrepreneurs & SMEs to sell online

Dec 17, 2020 by Neel Achary 0 Comments #CoFounder and CEO, #eCommerce ecosystem, #Mr. Anurag Avula, #Shopmatic

International e-commerce enabler Shopmatic has announced the launch of disruptive solutions that will revolutionize the way e-commerce is done. Individual entrepreneurs and businesses will now be able to choose from four different e-commerce solutions – chat selling, social selling, marketplace selling, or selling through web stores. Customers can choose the solution that best suits their needs.

This is an industry-first and is set to fuel more sellers to go online with four different eCommerce solutions from Shopmatic. These will continue to be available on the Shopmatic platform at the same pricing as before – Rs.50/$1 hosting fees per month + 3% transaction per sale OR Rs. 1000/ $20 a month for a 1-year subscription plan.

Millions of sellers prefer to sell on Chat (WhatsApp, Telegram, Line, etc) or Social ( Facebook, Instagram, etc). Shopmatic now powers Chat & Social sellers through an innovative Single Checkout Link that can complete the sale within the channel itself.

For sellers who want to sell across multiple marketplaces (Amazon, Lazada, Shopee, Qoo10, etc), Shopmatic’s MarketPlaces solution enables merchants to sell, manage & fulfill their business from the Shopmatic dashboard. Rather than have to upload products in individual marketplace dashboards, Shopmatic merchants will be able to control all key operations from the Shopmatic dashboard, taking away the challenge of individual marketplace dashboard management.

For sellers and businesses who want to create their webstores, Shopmatic will continue to enable them through their powerful ecosystem, complete with all features like payment and shipping integrations, chat and selling, multiple beautiful templates, domain name, etc.

Apart from creating four different ways to eCommerce for sellers, Shopmatic is truly innovating with a distinct and unique Single Checkout link.

Shopmatic merchants will be able to generate Single Checkout links for their products that they can share across multiple channels- WhatsApp, Facebook, Line, Telegram, Instagram, emails, SMSes, their websites or any tab/ app enabled on their phones. Buyers can checkout within their point of engagement and provide the relevant details – choose product variants, make payments, and select shipping options. Sellers can expect to see higher sales with better conversion rates and customer satisfaction as buyers will not need to engage in conversations before making their purchase.

The Single Checkout Link also enables transaction virality, in that buyers can share the same links with their friends or followers, helping sellers benefit from the reach of expanded audiences.

Shopmatic continues its commitment to the success of online sellers by introducing features, offerings, and solutions that simplify their digital journey. The platform’s new e-commerce solutions will build on this customer-focused approach, as Shopmatic’s sellers will now be able to choose their relevant eCommerce solution with Shopmatic’s ecosystem supporting their success.

Speaking on the launch, Mr. Anurag Avula, CoFounder and CEO, Shopmatic, said, “ With years of closely with small and medium business owners and individual entrepreneurs, we understand the unique needs of different sets of customers. We realise that offering a one solution approach for all sellers makes it challenging for some sellers and caters to a small segment of merchants in emerging markets. With the new solution, we are extremely excited that we can
now bring in millions of sellers in the emerging markets into the eCommerce ecosystem. We are delighted with the exciting innovations of four different eCommerce solutions and the Single Checkout Link that will enable sellers to be successful easier and faster. We believe this to be game-changing in our continued desire to support sellers with unique and relevant eCommerce solutions.”

Apart from enabling business owners to decide and design their preferred approach to online selling, Shopmatic is also offering ecosystem packages which consist of starter guides and online consultations covering an array of crucial topics like digital advertising, web-store designing, improving store SEO, social media marketing, and more.

Shopmatic is re-imaging eCommerce by allowing business owners to run their business their way and supporting their customers to ensure their customers succeed.

Business World

Shopmatic surpasses revenue goals by 190 % in 5 years

Oct 12, 2020 by Gouri Achary 0 Comments #e-commerce solutions provider, #Mr. Anurag Avula, #Shopmatic

Shopmatic, leading international e-commerce enabler reached the 5-year mark in the Indian market and has registered revenues of over S$5.5M in the first half of 2020 surpassing its targets in excess of 190%. Riding on an upward trajectory with its tech-enabled solutions for the countries’ SME and entrepreneur sectors, Shopmatic achieved a positive EBITDA of 30% – a year earlier than originally projected.

The Company has also witnessed an 80% growth over the previous quarter in transactions and GMV, a testament to the digital wave which has been accelerated due to the effects of COVID-19.

Shopmatic entered the India market 5 years ago in October 2015 with a simple goal to help millions of aspiring entrepreneurs who are looking to take their business online but faced confusion with what was available in the market – high capital expenses, complex solutions, too many claims from different ‘vendors’.

In 2016, the company registered 10,000 users and raised Series AA funding of $5.7M by August One and Seeds Capital among other investors. Over these 5 years, Shopmatic has also acquired other companies and entered into partnerships to further expand its value proposition to its customers.

In May 2020, when the initial faltering of the economy was felt due to the pandemic, Shopmatic expanded its offerings to create tailored solutions for India’s Kirana stores. This initiative enabled them to create an online presence with pre-developed catalogues for an even easier onboarding experience following the company’s philosophy of not needing its customers to have the technical know-how or design experience. The platform also offered easy inventory management, secure and instant online payments, contactless delivery, and self-pickup options.

On the back of its customer-centric initiatives, cost-effective services, and feature-intensive portfolio, Shopmatic crossed 5,00,000 merchants by June 2020 and ended the first quarter with a 200% growth in transactions, revenue, and GMV.

Speaking on the development, Mr. Anurag Avula, CEO, Shopmatic, said, “As we complete 5 years in India, it is delightful to look back on the inspirational journey replete with important milestones that have revolutionized the growing SME sector. We are delighted to witness the success of thousands of aspiring entrepreneurs that use the Shopmatic platform with the desire to succeed in the digital realm. With a clear understanding of Indian SME & aspiring entrepreneurs, we will continue to innovate our offerings in a bid to equip our users with the advanced capabilities required to succeed in their digital journey. At this proud milestone in Shopmatic’s growth, I would like to acknowledge our critical constituents – our customers, partners & colleagues who have been a part of this wonderfully purpose-driven journey.”

As an e-commerce solutions provider, Shopmatic brings several elements of the e-commerce landscape onto a single platform to help SMEs and individual entrepreneurs take their businesses online. From creating a customized online store, selling through social & chat commerce, selling on multiple marketplaces with integrated global payment options and shipping solutions, creating & promoting digital advertising Shopmatic makes it easy for anyone to sell online.

What started as a 3 member founding team, has now grown to a 120 member global team operating in India, Singapore, Malaysia, Hong Kong, and many other markets. The Company continues to drive innovation in eCommerce and promises to announce more offerings on its platform in the near future.