Indian Economy News

Singapore-based Shopmatic launches in India

Bengaluru: Singapore-based e-commerce company, Shopmatic, has launched its operations in India. Incorporated in December 2014 by Anurag Avula, Yen Lim, and Kris Chen, Shopmatic provides a platform for any merchant who wants to take their business online. Priced at $20 a month, it manages the entire ecosystem - from the right from helping them develop their own webstore to listing them on marketplaces and social channels and providing them with insights on how to sell online.

It has offices in Gurgaon and Bangalore and has decided to make India its first international launch market and plans to roll out to other markets in Asia, the Middle East, Africa and Australia, subsequently.

CEO of Shopmatic Group, Anurag Avula said, "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. 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."

Shopmatic has established partnerships with international and local companies, making it very easy for customers to sell online. The company also helps Individual Entrepreneurs manage everything that is required to let their business grow, including exposing them to international markets with the help of their global footprint.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.