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Amid the ongoing global pandemic, Shopmatic, leading Singapore-based e-commerce enabler registered tremendous growth in the April-June 2020 quarter
SINGAPORE - MediaOutReach - 15 July 2020 - At atime when businesses are struggling to cope with the impact of COVID-19 pandemic,international e-commerce enabler Shopmatic is set for a very promising growthtrajectory this year. With itstech-enabled solutions for the country's SME sector, Shopmatic has registered a 2xgrowth in transactions, GMV and revenues during the April-June quarter over theprevious quarter.
As an e-commerce solutions provider,Shopmatic brings different elements of the e-commerce landscape onto a singleplatform to help SMEs and individual entrepreneurs take their businessesonline. From creating a customized online store, selling through social &chat commerce, selling on multiple marketplaces with integrated global paymentoptions and shipping solutions, creating & promoting digital advertisingShopmatic makes it easy for anyone to sell online.
Owing to its customer-first approach,Shopmatic has consistently rolled out unique initiatives to empower sellers onits platform. Amidst the pandemic, Shopmatic expanded its offering to createtailored solutions for India's Kirana stores and Singapore's Grocery stores,enabling them to create an online presence with pre-developed catalogs andmore. Shopmatic allows local shop owners to build their web-stores easilywithout the need for technical know-how, or design experience. This offeringcovers all aspects of a successful online grocery store including pre-builtcatalogs with unlimited listings, easy inventory management, secure and instantonline payments and, keeping in mind the need for the hour, contactlessdelivery, and self-pickup options.
Speaking on the results of the first quarter,Mr. Anurag Avula, CEO & Co-founder,Shopmatic, said, "We are delightedwith our quarterly financial results, that we were able to achieve with thesupport of our customers. Going digitalis not an option anymore, but an imperative, and we have been able tocontribute to our merchants' success by launching relevant solutions like theKirana/Grocery Store special. In the 5 years since we launched, we have beendriven by our vision to enable online and offline success for our merchants bycreating an omnichannel experience for our customers. I am delighted that ithas brought significant transaction growth to our customers. This inspires usto deliver even more innovative and compelling game-changing solutions for ourmerchants which we will be launching in the next few months."
After launching its Transaction model inApril 2019, Shopmatic has more than 120,000+ active merchants on its platformIt continues to innovate to bring the latest tech advancements into itsplatform, determined to enable the online success of small businesses andaspiring individual entrepreneurs.
About Shopmatic
Founded in December 2014, Shopmatic has beendriving game-changing strategies in the ecommerce space and has engineereditself to stay focused on helping its customers succeed.
With its acquisitions of CombineSell andOctopus in 2019, Shopmatic is driving an omnichannel play for individualentrepreneurs and businesses in emerging markets, by enabling the entireecommerce-&-retail-management ecosystems for them to succeed.
From a domain name to easy integrations withdomestic and international payment gateways and shipping partners, to gettingdiscovered via a unique, curated platform- Shopmatic World & multiplemarketplaces, to POS, Inventory Management and CRM solutions, Shopmatic helpsbusiness owners manage the full spectrum of what is required to grow theirbusiness.
Shopmatic has 500000+ customers today.
Shopmatic is headquartered in Singapore with apresence in India, Hong Kong, China, Malaysia, Philippines and UAE. The companyis quickly expanding to the rest of South-East Asia, this year.
Shopmatic has raised 20 M SGD from itsincorporation till date with August One, SEEDS Capital and a consortium ofinvestors.
For more information on the Shopmatic Group,please visit www.goshopmatic.com or contact media@goshopmatic.com
