As e-commerce gains more value than any other form of retail under the effects of COVID-19, Singaporean e-commerce enabler Shopmatic has registered a 200 per cent growth in revenues, GMV and transactions for the April-June quarter as compared to the same period last fiscal.
The international e-commerce solutions provider helps SMEs and individual entrepreneurs take their business online by combining different elements of the e-commerce landscape into a single platform for ease of transition.
Clients can avail a variety of services from creating a customised online store, retailing on multiple online marketplaces, payment solutions and shipping options to digital advertising.
The company presently has multiple partnerships with ventures across the retail spectrum.
In fact, Shopmatic also launched a plethora of tailored services for India’s kirana stores as well as Singapore’s grocery shops. These shops can easily build their own web stores without any prior technical knowledge with services such as pre-developed catalogues with unlimited listings and easy inventory management.
Speaking on the earnings beyond expectations, Anurag Avula, CEO and Co-founder, Shopmatic, said “We are delighted with our quarterly financial results that we were able to receive with the support of our customers. Going digital is not an option anymore, but an imperative, and we have been able to contribute to our merchants’ success by launching relevant solutions like the Kirana Store special.”
“I am delighted creating omnichannel experiences for our customers have brought significant transaction growth to them. This has inspired us to deliver more innovative and compelling game-changing solutions for our merchants, which we will be launching in the next few months,” he added.
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