Tag: Shopmatic

Mr. Anurag Avula, CoFounder and CEO, Shopmatic,
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.

Sagar Pushp, and Kunal Kishore
Business World

ClanConnect.ai bags influencer marketing mandate worth 3 crores with leading brands such as Toppr, Oriflame, Coinswitch, Infinix, White Media Marketing, and Shopmatic in its prelaunch period

Nov 2, 2020 by Gouri Achary 0 Comments #ClanConnect.ai, #Coinswitch, #Infinix, #influencer marketing mandate, #Kunal Kishore, #Oriflame, #Shopmatic, #Toppr, #White Media Marketing

ClanConnect.ai, India’s first and only AI-driven influencer marketing platform has announced the addition of numerous industry doyens to its client portfolio. The company has bagged influencer marketing campaigns from leading brands such as Toppr, Coinswitch, Oriflame, XClub by Infinix, Cartoon Network, Shopmatic, among others. The platform will be managing the ongoing influencer marketing for these top brands. At this juncture, it is noteworthy that these clients have joined hands with ClanConnect.ai well before its official launch to the public, indicating its high potential to disrupt the burgeoning and hitherto unorganized influencer management space in India.

The impressive feat for ClanConnect.ai comes on the back of its revolutionary AI-led system which matches brands to the right influencers enabling them to increase impact and maximize ROI with each campaign within a budget-friendly price bracket. The platform’s technology is hinged upon publicly available data points for individual influencers, which allow it to make instantaneous, data-driven decisions for creating the most influential campaigns. Prior to its public launch, ClanConnect.ai already has a database of 1 lakh influencer data points and is set to empower brands to make data and result-oriented decisions while solidifying its stance as a game-changer in the industry.

Speaking on the development, Kunal Kishore, Co-Founder & COO – ClanConnect.ai, said, “We are delighted to collaborate with front-running brands that are disrupting their respective sectors with top-notch products and services. It is heartening to see such immense traction from across industries even before our public launch. We are looking forward to helping these brands unlock the vast potential of influencer marketing by leveraging our unique technology. We will continue to fine-tune and build on our value-proposition to continue providing the best-in-class services to our existing and future clients.”

The Indian influencer marketing space is growing at a breakneck pace. The high-potential sector is valued at $10 billion and is poised to grow by 250% to reach $25 billion in less than 5 years. However, until now, this growth has not been streamlined, leading the industry to become a chaotic and unorganized one. The vision and mission of ClanConnect.ai, then, is to set-up domain-defining processes that are efficient and lucrative for all its stakeholders including brands, marketers, and influencers.

The platform brings discovery, management, and performance analytics all in one system, and carries out targeted searches and customizable analytics, to help identify and partner with more relevant influencers. On the back of its proprietary technology, ClanConnect.ai has recently has raised INR 5 crore in a seed round led by Venture Catalysts with participation from marquee investors.

Business World

These leading Start-ups are helping entrepreneurs of today to strengthen their business

Oct 30, 2020 by Gouri Achary 0 Comments #Crediwatch, #entreprenuer, #HungerBox-, #PrimaDollar, #Shopmatic, #Simpl, #start-up, #Wave

Being a business visionary is an experience of accomplishment. One has numerous tasks to perform and handle on a day to day basis. They need to do an expansive investigation, collection and management for the structure that they are going to present to the new clients. They also need to screen all their records, extensively. With such a huge amount on different work on their plate, 24 hours is not enough. In that case, the adaptable applications that can help us with managing the time and enhance proficiency become essential. Here is a list of 6 Startups that can help entrepreneurs of today can avail to strengthen their business.

Crediwatch– Crediwatch is an AI-enabled platform that provides actionable insights and flexible workflows for seamless credit management and faster lending decisions. Crediwatch does this with no human intervention by deploying AI /ML and NLP tools that use scalable deep learning technologies across disparate digital footprints left by private entities (big and small). The company has partnered with respected financial institutions such as – SBI, Aditya Birla Financial Services, Karur Vysya Bank, RBL Bank, APAC Financial etc. to provide credit intelligence of more than 50 thousand businesses. The company has provided insights on 50,000+ businesses and $7 billion loan portfolio.

Simpl – Redefining the way payments are done in India, Simpl is a mobile application that provides consumers to buy now and checkout in one click with pay later functionality to build trust and provide strong buyer protection. The technology company works with merchants and financial institutions to enable a world where every monetary interaction is effortless and transparent. This helps online retailers give their consumers an exceptional checkout experience and post-transaction customer service. Within four years of going live, Simpl has evolved from mere 5-6 merchants to a network of 1000+ merchants presently. It is now focused on both large e-commerce and offline commerce merchants.

PrimaDollar- PrimaDollar is the leading FinTech player in global trade finance, offering a simpler, quicker and lower-cost trade finance product, needed by exporters and importers globally. With clients already in over 30 countries, PrimaDollar trade finance product is set to become a mainstream option for mid- and large-cap companies, allowing exporters to ship promptly and importers to pay later. Prima Dollar aims to bridge the timing gap involved in international trade.

HungerBox– HungerBox is a leading institutional food tech company which digitizes cafeterias and provides a platform for food vendors to expand their reach. Till date, they have onboarded close to 2400 vendors. With COVID in the picture micro-entrepreneurs have been affected and may possibly need support to stay in the business. Companies like HungerBox give that opportunity to work in an ecosystem and provide the necessary support.

Shopmatic – Shopmatic is a Singapore-based technology firm that provides e-commerce solutions to small businesses and individual entrepreneurs. Launched in 2014 with an objective to empower millions of aspiring entrepreneurs with a digital footprint, the company recently partnered with Singapore-based retail management solutions company Octopus to disrupt the retail market in Asia-Pacific with a suite of services to address the gaps that exist for offline businesses in going online. The synergy is helping local retailers implement an efficient Omnichannel retail management system post establishing their business online.

Equipped with a holistic online and offline ecosystem, these local retail stores are now able to manage their customers, reduce operational costs, synchronize inventory, onboard new customers, and offer loyalty points, etc. Such facilities, supplemented by real-time visibility of sales and staff performance, are enabling retailers to enhance their efficiency and scale up their retail business further. Through such a value proposition, Shopmatic is facilitating an efficient omnichannel ecosystem for Kirana stores across the country, thus digitally empowering them.

Wave- In the event that overseeing invoices is at the apex extensive tasks, entrepreneurs can make it more intriguing with Wave application. This cloud programming and application help business pioneers to make and send altered solicitations, record the salary and costs, send amicable suggestions to other people, filter receipts, get a notice on instalment, etc. Entrepreneurs can even acknowledge card instalment with this application.

technology
Business World

4 tech-driven platforms that are helping businesses to grow

Oct 26, 2020 by Gouri Achary 0 Comments #Anshai Lal., #Art-E Media, #ClanConnect.ai, #Kunal Kishore Sinha, #Qlik, #Sagar Pushp, #Shopmatic

As global digital adoption continues to skyrocket, the world is in dire need of adopting the technology. Clearly, technology helps in making the efforts seamless for any type of communication and sales. Today, the rise of digital technologies has not merely benefitted the ultramodern customers, it has also come across as a boon in disguise for global businesses. Let us then quickly have a look at how a number of tech-driven companies and their tools that leverage artificial intelligence and machine learning technologies are assisting business.

ClanConnect.ai – ClanConnect.ai is India’s first and only AI-driven smart platform for influencer marketing. It is a one-stop platform for influencer marketing campaign management for both influencers and brands. ClanConnect.aI facilitates seamless collaboration between content creators and marketers to optimize the value of their branded content. The platform is backed by industry veterans and co-founded by Kunal Kishore Sinha, Sagar Pushp, and Anshai Lal.

Shopmatic – Aimed at young entrepreneurs and SMBs, Singapore-based technology startup Shopmatic services include integrating payment and delivery systems, managing selling channels, adapting to evolving technology, and digital devices. Founded in 2014 by Anurag Avula, Yen Ti Lim, and Kris Chen, Shopmatic provides a code-free interface so that anyone can build their preferred store by using 60+ free store designs.

Moreover, the platform provides linkages with Amazon and eBay so that clients can sell on those platforms as well. Recently, it partnered with Singapore-based retail management solutions startup Octopus to disrupt the retail market in the Asia-Pacific region, with a suite of services to address the pain points of offline businesses in going online.

Art-E Media – Art-E Mediatech is one of the fastest-growing startups in the country that is integrating creativity, technology, marketing, and consulting. By bringing an extraordinary set of minds to form a collective of sorts, they seek to provide multidimensional perspectives to their clients, in line with the needs of the technological age.

The brainchild of four enterprising friends, Art-E Mediatech’s objective is to become the preeminent ‘clutter cutters’, who can bring contemporary insights and nuance in understanding the new-age consumer. Founded in 2018, Art-E’s growth story of the last 2 years reflects the efforts of our conscientious 100-member team.

It is due to their untiring pursuit to provide timely services, that we’ve managed a head-start in the industry. Keeping everyone’s best interests at heart, we embarked on a journey to create a niche internationally. We are now striving hard to make a name for ourselves as the finest emerging tech & marketing consulting firm in the world.

Qlik: If ‘data is the new oil’, Qlik easily comes across as an oil refinery for modern organizations. The data analytics and artificial intelligence-driven business intelligence solutions provider enables businesses to combine all of their incoming data and makes it analysis-ready for professionals across the board. This enables modern marketers throughout different levels of hierarchy to make informed decisions and hence, drive superior efficiency

Anurag Avula
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.