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Apps that can help Professionals to turn Entrepreneurs


22 March 2017
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Ecommerce marketplace to lead India on global platform


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iconNews Brand Equity

Singapore-based ecommerce enabler Shopmatic is striving to get Indians sell their wares online.


8 February 2017
iconNews Digit

App of the Week: Shopmatic Go


4 February 2017
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Make a DIY Website under 3 minutes


2 February 2017
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Union Budget 2017: Anurag Avula said it is, ‘interesting to note is the government’s interest in start-ups’


1 February 2017
iconNews The Economic Times

E-commerce enabler Shopmatic acquires 5X Ruby


15 December 2016
iconNews Business Standard

Shopmatic acquires Taiwan-based tech firm 5xRuby


15 December 2016
iconNews Tech in Asia

Ecommerce service provider Shopmatic nabs Ruby on Rails dev team through acquisition


15 December 2016
iconNews Gadgets Now

Singapore-based Shopmatic launches 'GO' mobile app for Indian sellers


22 November 2016
iconNews Sydney Sun

Shopmatic launches 'GO' app to make selling online easier


29 November 2016
iconNews Yahoo News

Shopmatic launches 'GO' app to make selling online easier


29 November 2016
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Singapore-based e-commerce enabler launches app for Indian businesses


29 November 2016
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Singapore-based Shopmatic launches 'GO' mobile app for Indian sellers


29 November 2016
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They just released a mobile app that helps small Indian businesses go cashless


29 November 2016
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Top 10 tips to begin and develop a business


29 October 2016
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Planning to start a business? Here are 10 tips to help you out


29 October 2016
iconNews ETRetail

E-commerce company Shopmatic ties up with Gates Apac for ICT expansion


04 October 2016
iconNews Business Standard

Shopmatic, GATES APAC tie-up to grow in Indian ICT market


04 October 2016
iconNews Computerworld Hong Kong

Shopmatic launches e-commerce enabling operations in HK


14 June 2016
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Shopmatic launches in Hong Kong


13 June 2016
iconNews Business Standard

Shopmatic to now digitally empower entrepreneurs in Hong Kong


13 June 2016
iconNews Yahoo! News

Shopmatic to now digitally empower entrepreneurs in Hong Kong


13 June 2016
iconNews Enterprise Innovation

E-commerce firm Shopmatic launches in Hong Kong


13 June 2016
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Shopmatic進軍香港 協助本地網店開拓亞洲市場


12 June 2016
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【創業】國際網店支援平台攻港 300元即可做老闆


12 June 2016
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Shopmatic to now digitally empower entrepreneurs in Hong Kong


10 June 2016
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After Singapore, Shopmatic digitally empowers SMEs in Hong Kong


10 June 2016
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Shopmatic joins the fray in HK
e-commerce solutions


10 June 2016
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電子商務解決方案平台 Shopmatic 進軍香港


10 June 2016
iconNews Financial Express

Shopmatic forms alliance with Aramex


20 May 2016
iconNews Times of India

Shopmatic announces partnership with global logistics and transportation provider Aramex


19 May 2016
iconNews TechTrade Asia

Shopmatic helps SMEs go digital


28 Apr 2016
iconNews Reuters

Shopmatic Expands Footprint in Asia, Announces Launch in Singapore


25 Apr 2016
iconNews Times of India

How startups are getting the corner store its own online identity


10 Apr 2016
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How e-commerce startups are helping small businesses go online


10 Apr 2016
iconNews Times of India

How startups are getting the corner store online


10 Apr 2016
iconNews Inc42

Will Ecommerce Enabler Shopmatic’s India Bet Work?


14 Mar 2016
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Homepreneurs surf the e-commerce wave


07 Mar 2016
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Budget reactions: On women entrepreneurship, tax laws, R&D & more


01 Mar 2016
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#Budget2016 reactions – Software & Web Service Providers


01 Mar 2016
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Post Budget Reactions


29 Feb 2016
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29 Feb 2016
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Union Budget 2016: Decisions and reactions


29 Feb 2016
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Four Start-up Founders Straddle Work, Passion


27 Feb 2016
iconNews The Asian Age

A platform to build your own website


24 Feb 2016
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PayPal appoints Guru Bhat as General Manager of Chennai technology center


03 Feb 2016
iconNews The Times of India

PayPal appoints Guru Bhat as general manager


03 Feb 2016
iconNews Business Insider

Startup India’s real start to come in the way it can access funds


20 Jan 2016
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Startup India: Modi’s promises make startups cautiously optimistic of a good 2016


18 Jan 2016
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PayPal Holdings, Inc. joins its forces with Indian E-Commerce Firm Shopmatic: Capital One Financial Corporation


12 Jan 2016
iconNews Business Standard

PayPal partners Shopmatic to facilitate cross-border transactions


12 Jan 2016
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PayPal ties up with Shopmatic in first Indian partnership


12 Jan 2016
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PayPal partners with Shopmatic to facilitate cross border transactions

12 Jan 2016
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Lack of GST can stifle Modi’s Startup India dream

04 Jan 2016
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36% SMEs in India yet offline. Shopmatic ready with ‘Go Digital’ plan

23 Dec 2015
iconNews The Times of India

6 crore Indian merchants to join Shopmatic platform


23 Dec 2015
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Shopmatic partners CAIT to bring its members on eLala platform

23 Dec 2015
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Shopmatic, the e-commerce company that wants to help India’s SMEs go digital

23 Dec 2015
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Shopmatic signs MoU with Confederation of All India Traders to onboard Indian merchants


23 Dec 2015
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23 Dec 2015
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23 Dec 2015
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23 Dec 2015
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We are making it extremely affordable for small businesses to go online


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Yahoo

Apps that can help Professionals to turn Entrepreneurs


22 March 2017

Starting an online business is by no means an easy undertaking.

If one wants to learn how to make money online while carrying out their full-time professional job, they need to have a good business idea as well as readily available tools to carry out their business seamlessly. A perfect part-time business would have to be very effortless to begin. It would also ideally require less investment of time and money and no very essential technical expertise.

Another important factor would be that the business would be easy to maintain and demonstrate a high probability of success.

Here are some companies that help you pursue your online business ideas easily with the most returns:

Shopmatic

Singapore based technology company Shopmatic, works by removing the complexities of setting up an ecommerce business. The company solves the e-Commerce mystery by bringing together all the aspects required of the e-Commerce ecosystem on a single platform and creates an ecosystem for millions of entrepreneurs to be an online seller. It handles challenges like managing selling channels, integrating payment and delivery systems.

Uber

Driving with Uber is a great way to earn extra cash on an individual's personal schedule. The more one drives, the more they can earn. It's simple and perfect for those looking for a seasonal part time job opportunity. One can set their own hours, according to their convenience. Even a professional sales person, for example who travels a qui

te a bit for work can use Uber to enjoy a few hours to make extra cash by making trips. Urban Clap

The company has opened a new life chapter for working professionals by boosting their earning capacity. It has also allowed people to create additional employment, by making them feel like they are their own bosses, which emphasizes some level of independence. The people registered on the platform are a generation of new entrepreneurs who are use their extra hours to make money by putting their skills into action.

Innerchef

If one has a passion for cooking and experimenting with ingredients then they could use their handiness at Innerchef. The platform is home to several talented chefs who use their free time to get their food delivered to several households. The platform provides the individuals with all the necessary equipments and also their in-house kitchen to carry out their cooking tasks. There is no hassle of setting up an online platform to get the food delivered and the cooks are not required to manage the task of maintaining their own website.

Instagram Business

Instagram today is not just a niche social networking platform anymore. Sharing photos and videos is what Instagram is all about and now one can use the platform to carry out their business for free of cost. One can showcase graphically amusing and inspiring stories about their business and brand through visuals and also list their products for sale on the platform.

Source: Yahoo

ET Retail

Ecommerce marketplace to lead India on global platform


11 March 2017

The global B2B e-Commerce marketplace is constantly maturing and India is on its way to become an active participant in this change. In the recent years, the industry has dawn the growth potential which is likely to touch 45 lakh crore by the year 2020 in India.

The B2B technology implementation is not easy and requires its players to be innovative in a friendly way, thereby coming up with a less time consuming tool. SMEs and homepreneurs have not only found help from technologies like marketing automation, channel integration, content marketing and mobile marketing, they have been enabled to make strong logistical connections with exporters and businesses to insure a smooth process.

Since these players also educate the local and small sellers, e-Commerce could possibly become a trend in our rural areas if government helps in improving infrastructure and internet connectivity.

Below are some players who are leading the race to take to take India ahead:

Amazon

US based Amazon has its maximum focus in providing small businesses including kirana stores, pharmacies, mobile retailers, small offices, nursing homes and restaurants a convenient online shopping experience that saves them time and money.

It provides a wide selection, low prices and a convenient shopping and delivery experience to their members.

Shopmatic

Singapore based technology company Shopmatic, works by removing the complexities of setting up an ecommerce business.

The company solves the e-Commerce puzzle by bringing all the pieces of e-Commerce ecosystem on a single platform and lays a path for millions of entrepreneurs to be an online seller. It handles challenges like managing selling channels, integrating payment and delivery systems.

KartRocket

eCommerce software platform KartRocket empowers SME's, small retailers and entrepreneurs to start their own online business. KartRocket's DIY e-Commerce solution enables them to create an online store, design and customize it in less than 10 min. Its unique services include free payment gateway integration, stunning e-Commerce store with mobile responsive designs, mobile app to manage the store and automated shipping solution.

Bizongo

The company aims at establishing marketplace which can provide the complete experience of selecting the right product, seamless communication between buyer/seller and secure transactions. It helps with simplifying the sourcing and easy searching.

Industry buying

A platform for industrial goods and supplies, maintains fully catalogued collection of over 1.5 Lac SKUs, from brands across global geographies where regular buyers are offered credit and the purchasing process is quite straightforward.

It has seen good traction already on its portal with orders doubling on a month-over-month basis. The company is omnipresent in both online and offline markets.

Tolexo

A platform for the SMEs, Tolexo provides consumer shopping experience for the largest collection of products needed by businesses, factories, offices and laboratories.

It offers assortment of products spanning more than 28 categories. From small to large, to buy and sell goods online, by providing technology and services that enables selection, payments, customer support and fulfillment.

Source: ET Retail

Business Standard

Post Budget 2017, e-commerce players shift focus to rural India


4 February 2017

The e-commerce and online market place in India are seeing lucrative opportunities coming from the rural areas following Union budget's focus to boost rural economy and promote digital transactions.

"Biggest thrust for e-commerce will come from two key budget initiatives- target to connect more than 1.5 lakh gram panchayats with high speed brand and focus on digital transactions through merchant enabled Aadhar payments and BHIM. Many sectors have benefited from the increased rural demand as a result of agriculture reforms and MGNREGA. Now with the increased penetration of smart phones and internet, we expect a large base of first time online consumers to come from rural areas this year", said Sujayath Ali , co- founder of Fashion e-commerce player Voonik.com

Voonik already covers more than 28,000 pin codes and more than 70 per cent of its demand comes from Tier II and Tier III towns.

"The budget drops some hints about the direction rural spending will take. Real impact will depend on implementation of the reform moves and government projects. These initiatives will impact the demand in tier III and IV cities of the country. We have seen a steady increase in demand from smaller towns. From the current level of $120 million GMV, we aim to scale up our business to GMV of $300million to be profitable", he added.

Capillary technologies that provides OmniChannel engagement and commerce solutions that help consumer brands to increase their customer reach, engagement, sales and loyalty, too is anticipating that consumptions will come from smaller towns.

"According to recent surveys, half of all Indian internet users base will be from rural areas in 2020. With close to 2/3rd of the population being based in the rural markets, the proposed technical enhancements will surely generate business numbers to be accomplished", said Abhijeet Vijayvergia, vice president, Capillary Technologies.

Capillary Technologies, which provides cloud-based software solutions for retailers, expects that over the next three years, consumption will be driven by factors like internet and smartphone penetration, increase in per capita income, and growing number of debit and credit card users.

"With convenience as a prime driver, the GMV of online shopping is expected to grow at a CAGR of 50-60 per cent to $80-100 billion by 2020. It is noteworthy that the major surge in consumption is witnessed in tier-II and tier-III cities. Focus on infrastructure will eventually add up to better functioning of logistics and there by connecting town which were not accessible previously. This will eventually add to the consumption," said Vijayvergia, who is also the business head at Capillary Technologies.

Anurag Avula, chief executive officer and founder, Shopmatic stated that the budget, by all means, has showed positive reforms being proposed in favour of digital pay systems for the common man, more specifically in rural and semi-urban areas.

"It's great to see elevation of high speed broadband connection in rural and tier II and III cities, which further nurtures the country's tech essence. The increasing mobile internet penetration, increasing rural incomes are among various factors which have opened the doors for e-commerce in the rural parts of India. The online platform is currently exceedingly English-centric. If the e-commerce industry aspires to reach out to the rural population, it will have to communicate in all the 22 Indian regional languages, added Avula.

To unravel these concerns, the industry will have to come out with more innovative solutions in the future. The increasing mobile and internet penetration, connectivity and rising rural income will mutually motivate the online business in rural India at the moment, he added.

Source: Business Standard

Brand Equity
News News
Digit

App of the Week: Shopmatic Go


4 February 2017

When was the last time you bought something offline? Ok, that might be a stretch but it's undeniable that the things we shop for offline are reducing every day in number. During such times, setting up an online store for your products is absolutely necessary and Shopmatic Go aims to make that as easy as if can get.

If you're not really keen on interacting with web designers and developers, or have had a bad experience in the past, Shopmatic Go aims to fill that gap by providing an easy way to set up your online store right from your smartphone.

Available on Android and iOS, the App offers two plans - Go and Pro. While the Go is what you need to set up a pretty basic online store, some of the Pro features like a custom domain, international payment support, analytics etc are necessary if you want to set your store apart. Unfortunately, the app only offers the Go version, although it is clearly enough if you’re looking for a basic online store to get started without investing much on infrastructure.

The app is free and it will allow all individuals and merchants to develop their online stores by snapping pictures of their products, enabling payments, and selling their products by sharing on social channels, from their phones.

How easy is it? Well, to start off, you can login with your phone’s Google account or Facebook account (there’s a separate sign in as well, in case you don’t want to link this to your accounts). After a simple sign-in, you are prompted to add your first product. How complicated could that be? As easy as taking a picture. You click a picture of your product from your smartphone camera or select one from your album if you’ve got one ready. This is a handy feature since you might have done a professional photoshoot for whatever product you will be selling on your store.

Once the image selection is done, the next screen lets you edit your picture with certain Instagram-like filters. You can even pull off some specific edits from the advanced edits section, like adjusting the saturation, white balance and more. Once you’re satisfied with the image, hit next. The screen where you will be right now will prompt you to enter details about the product like the name, selling price, MRP, stock etc. The app doesn’t support batch uploads yet, so any database files or worksheets that you might have been maintaining your product data in might not be too useful here.

As the next step, you will have to setup your store. This will require you to select a name for your store, which will be appended by ‘.myshopmatic.com’ as a URL in the GO version of the service. Ensure that you’ve entered other details like Address, Contact number etc then move on to enabling the payment gateway (currently only Citrus Pay in India) in one tap and your store is ready to be published! Make sure that you’ve got everything right at this stage about your store since the store URL and certain other details are unchangeable after the store is live.

You can continue adding more products before or after the store is live and you can also share the store directly to social media from within the app. This truly makes setting up, managing and publicising your online store the matter of a few taps. If you’re a budding entrepreneur and have something to sell online, it couldn’t get easier than this.

Source: Digit

New Indian Express

Make a DIY Website under 3 minutes


2 February 2017

All startups today need an online presence to be heard by the right audience. This brings along another requirement of establishing a reliable e-commerce portal to sell products. Here is where, websites like shopmatic.com can help you.

Founded by Anurag Avula, Yen Lim and Kris Chen in December 2014, shopmatic.com primarily works in Singapore with corporate offices in Gurgaon and Bengaluru.

Anurag describes the features of shopmatic, which will allow customers to generate a user-friendly webpage for their businesses. “We are an e-commerce enabling company helping anyone who wants to sell online. We create the entire ecostructure for them online,” he says.

“This includes everything ­— right from creating templates, adding payments, shipping, marketing and selling to managing social media channels for them. We try make this happen for both small businesses and individual entrepreneurs,” he adds.

It is a free platform to create a website. “The other is Shopmatic Pro launched last year in January. You get to choose from 65-70 templates, allowing you to have a domain name, make domestic and international payments, shipping both local and globally and encourages one to sell on multiple market places whether it is eBay or Amazon in India.” This website is given at a subscription price of $20 a month. Shopmatic.com provides access to multiple sales channels. They help customers manage a Facebook store too.

A lot of people in India are keen on getting on to the online bandwagon, but lack the appropriate means to make it through.

“In the current context, they would just go to Facebook or Instagram and sell using those channels, but that doesn’t allow you to give the professionalism of a store front nor does it allow you to complete the transactions.” explains Anurag.

He says that the firm recognises that when people want to create an online forefront, researchability, discoverability will take a lot of time.

“In that time you can leverage the channel of the market places, the social platforms that’s available to you and build a base around that. We have over 40,000 customers in India now on goshopmatic.com. It is not an individual forefront, but is about the Facebook presence,” he adds.

India is the first market the company was launched in, states Anurag. They will launch themselves in other markets like Thailand, Philippines and Indonesia by the middle of 2017.

Source: New Indian Express

The Financial Express

Union Budget 2017: Anurag Avula said it is, ‘interesting to note is the government’s interest in start-ups’


1 February 2017

Union Budget 2017: "We believe that the fresh moves made will cultivate the rising upsurge of tech and digital initiatives to further energise the GDP of our nation"- Anurag Avula.

Finance Minister Arun Jaitley earlier tabled the Union Budget 2017 on February 1in front of both the houses of Parliament. This year the Union Budget included both General and Railway Budget and it received mixed reactions from different people of the industry. Anurag Avula, CEO and Founder, Shopmatic said, “It’s agreeable to see positive reforms being proposed in favour of digital pay systems for the common man, more specifically in rural and semi-urban areas. The move for forming reduction on tax for small and medium enterprises’ is a boost to “The Make in India initiative”, that will encourage the nation to keep in lines with motivational 2017-2018 budget theme of Transform, energize and clean India.

He also said, “It’s also great to see improvement on the high speed broadband connection in rural and tier 2 and 3 cities, which further nurtures the country’s tech essence. What is interesting to note is the government’s interest in start-ups and on energising youth & creating jobs. The Profit linked-deductions for start-ups that has been reduced to 3 years out of 7 years, will certainly ease the process.”

Source: The Financial Express

The Economic Times

E-commerce enabler Shopmatic acquires 5X Ruby


15 December 2016

E-commerce enabler Shopmatic has acquired a majority stake in Taiwan-based 5X Ruby to strengthen its research and technology team. The technology company which uses Ruby on Rails web application development format which uses less code and makes apps easier to create.

Singapore headquartered Shopmatic which helps small businesses sell online using the do-it-yourself platform has acquired 51% in 5X Ruby at an undisclosed valuation in a mixed cash and equity deal.

“We plan on developing value-added services for our customers including inventory management service, integrate payments on the platform, aggregation and taxation. For these services we will be using the technology from 5X Ruby. Some of the 20 member team of the company will be working with Shopmatic’s lab to design these solutions,” said Anurag Avula, co-founder of Shopmatic.

85-90% of Shopmatic’s business coming from India including 20,000 on Shopmatic Pro and 15,000 using the app. With the acquisition, the platform is looking to enter new markets by early 2017 and strengthen its presence in other South Asian markets in Japan and others.

The company had raised a seed round of $ 1.5 million from a group of undisclosed investors from India, Singapore and US in October 2015.

Source: The Economic Times

Business Standard

Shopmatic acquires Taiwan-based tech firm 5xRuby


15 December 2016

To provide its customers a streamlined experience, Singapore-based e-commerce firm Shopmatic on Thursday acquired Taiwan-based technology firm 5xRuby.

"This acquisition will not only enable us to strengthen our stance as the leading platform that enables businesses to go online, but also to scale and enter new markets at a faster pace," said Anurag Avula, CEO of Shopmatic Group.

Shopmatic customers will require no technical know-how as they use the latest technologies to make it easy for anyone who intends to take their business online.

"We are excited to team up with Shopmatic to strengthen its online platform with our elegant, fun and productive language so that their merchants can focus on growing their business," said Eddie Kao, Co-founder, 5xRuby.

Source: Business Standard

TechinAsia

Ecommerce service provider Shopmatic nabs Ruby on Rails dev team through acquisition


15 December 2016

Singapore-based ecommerce startup Shopmatic has acquired Taiwanese Ruby on Rails technology company 5xRuby, it announced today.

The deal was a combination of cash and shares, Shopmatic CEO Anurag Avula tells Tech in Asia, although he doesn’t disclose the amount.

5xRuby was established in 2014 as a community of Ruby on Rails developers who wanted to spread their coding message in the region. It provides consulting, training, and development services.

Shopmatic provides ecommerce services to small businesses. It helps them set up an online shop, lists the seller’s products on sites like eBay, Amazon, Flipkart, and Lazada, and provides tools for analytics, inventory management, and logistics.

Founded by former PayPal staffers Anurag Avula, Yen Lim, and Kris Chen, the startup wants to solve the problem of small merchants who find it daunting to bring their business online. Its core user base is currently in India.

Partnering with 5xRuby is meant to improve Shopmatic’s tech and give the company an established platform development team. Anurag says 5xRuby’s team team will now be part of the Shopmatic Group but will continue operations in Taiwan “with its own identity, purpose, culture, and independence.”

Anurag doesn’t reveal any figures on the company’s traction. In the coming year, Shopmatic plans to expand to more markets. He mentions Indonesia, the Philippines, and Thailand as examples of countries where the startup could bring value to merchants.

“This acquisition will enable us to scale and enter new markets at a faster pace,” says Anurag in a statement.

“We are excited to team up with Shopmatic to strengthen its online platform with our elegant, fun and productive language so that their merchants can focus on growing their business,” adds Eddie Kao, co-founder of 5xRuby.

Source: TechinAsia

Gadgets Now

Singapore-based Shopmatic launches 'GO' mobile app for Indian sellers


22 November 2016

Singapore-based e-commerce firm Shopmatic on Tuesday launched a mobile app "GO" for the Indian sellers that enables them to create an e-commerce website in less than two minutes with three easy steps.

The free app will allow all individuals and merchants to develop online stores by putting up pictures of their products, enabling payments and selling their products by sharing on social channels from their phones, the company said in a statement.

"With the significant mobile phone penetration in India, this app will make the online world easily accessible to anyone who wants to sell online," said Anurag Avula, CEO of Shopmatic.

Source: Gadgets Now

Sydney Sun

Shopmatic launches 'GO' app to make selling online easier


22 November 2016

Singapore-based e-commerce company Shopmatic has announced the launch of a revolutionary mobile app, 'Go' for Indian sellers.

The newly launched app will enable everyone to take their business online by providing them with an easy tool to create an ecommerce website in less than two minutes with three easy steps.

The free app, will allow all individuals and merchants to develop their online stores by snapping pictures of their products, enabling payments, and selling their products by sharing on social channels, from their phones.

With this app, Shopmatic will enable lakhs of offline sellers to digitize their businesses and also help new age Facebook, WhatsApp, Instagram sellers to scale their online businesses for free.

"We are very excited with this launch to support the Digital India initiative as an answer to the need of millions of sellers in India who want to take their businesses online and were unable to do so. With the significant mobile phone penetration in India, this app will make the online world easily accessible to anyone who wants to sell online," said CEO Shopmatic, Anurag Avula.

"The power of this app is such that someone in Bapuji market in Jaipur can sell their products to a buyer in Bangalore, or a Madhubani artist in Bihar can sell their art to customers in Delhi, or a coffee trader in Coorg can sell to buyers in Mumbai," added Avula.

The company has established partnerships with global online payments giant PayPal, domestic payments solution provider Citrus, international logistics provider Aramex to enable its merchants in expanding their sales across the globe.

These partnerships are enabling individual entrepreneurs and businesses manage everything that is required to take their business online and giving them access to international markets.

Source: Sydney Sun

Yahoo News

Shopmatic launches 'GO' app to make selling online easier


22 November 2016

Singapore-based e-commerce company Shopmatic has announced the launch of a revolutionary mobile app, 'Go' for Indian sellers.The newly launched app will enable everyone to take their business online by providing them with an easy tool to create an ecommerce website in less than two minutes with three easy steps.

The free app, will allow all individuals and merchants to develop their online stores by snapping pictures of their products, enabling payments, and selling their products by sharing on social channels, from their phones. With this app, Shopmatic will enable lakhs of offline sellers to digitize their businesses and also help new age Facebook, WhatsApp, Instagram sellers to scale their online businesses for free.

"We are very excited with this launch to support the Digital India initiative as an answer to the need of millions of sellers in India who want to take their businesses online and were unable to do so. With the significant mobile phone penetration in India, this app will make the online world easily accessible to anyone who wants to sell online," said CEO Shopmatic, Anurag Avula.

"The power of this app is such that someone in Bapuji market in Jaipur can sell their products to a buyer in Bangalore, or a Madhubani artist in Bihar can sell their art to customers in Delhi, or a coffee trader in Coorg can sell to buyers in Mumbai," added Avula.

The company has established partnerships with global online payments giant PayPal, domestic payments solution provider Citrus, international logistics provider Aramex to enable its merchants in expanding their sales across the globe. These partnerships are enabling individual entrepreneurs and businesses manage everything that is required to take their business online and giving them access to international markets.

Source: Yahoo News

The Hindu Business Line

Singapore-based e-commerce enabler launches app for Indian businesses


29 November 2016

Singapore-based e-commerce enabler Shopmatic has launched an mobile app for small Indian businesses and solo entrepreneurs to create their own websites in just two minutes and for free.

Called ‘Go’, the app lets individuals and merchants develop online stores by snapping pictures of their products, enabling paymentsand selling their products by sharing on social channels, from their phones. The app has been primarily tailored for the Indian market, but would soon be launched in Hong Kong and Singapore in the next 3-4 months. Talking to BusinessLine, Anurag Avula, CEO, Shopmatic, said about 5,000 merchants have already developed store-fronts and websites using the app in the past three days. The plan is to get about 1 million sellers on the app by December 2017, and help them digitise and scale their businesses by using social media.

Founded in December 2014, Shopmatic manages the entire e-commerce ecosystem — from developing a unique web store, to listing products on marketplaces and social-media channels, to providing insights on how to sell online. Avula, said: “With significant mobilephone penetration in India, the app will make the online world easily accessible to anyone who wants to sell online across the country.” Talking about the revenues, Avula said the sellers can create stores for free without having to pay any commissions. However, the company has entered into a revenue-sharing agreement with payment gateway Citrus Pay and charges per transaction. Besides, it is also partnering with PayPal as its global payment gateway partner. A number of online sellers are shifting out of big e-commerce sites and setting up their own online platforms to not only gain better visibility but also save on commission and logistics charges, he said. A few other sites such as Kraftly and Shopo.in, both marketplaces, are also helping small businesses create their own online stores. However, they charge commissions, which are as low as 0-5 per cent compared with 25-30 per cent by the big e-commerce platforms. While e-commerce majors earlier charged 10 per cent as commission from sellers, they have now increased the fee.

Source: The Hindu Business Line

The Economic Times

Singapore-based Shopmatic launches 'GO' mobile app for Indian sellers


29 November 2016

Singapore-based e-commerce firm Shopmatic on Tuesday launched a mobile app "GO" for the Indian sellers that enables them to create an e-commerce website in less than two minutes with three easy steps. The free app will allow all individuals and merchants to develop online stores by putting up pictures of their products, enabling payments and selling their products by sharing on social channels from their phones, the company said in a statement. "With the significant mobile phone penetration in India, this app will make the online world easily accessible to anyone who wants to sell online," said Anurag Avula, CEO of Shopmatic.

Source: The Economic Times

TechinAsia

They just released a mobile app that helps small Indian businesses go cashless


29 November 2016

If you’re a small business owner in India, November’s probably not looking like your month. In addition to running your business, you might be worried about going digital as cash transactions become harder and harder following the government’s move to demonetize some notes. ATMs have put a limit on withdrawals, making it hard for consumers to get their hands on cash. It’s also difficult for merchants to make change.

Tackling digital payments may seem daunting for a shop owner who has always operated with cash, Singapore-based Shopmatic has released a product that might help. Shopmatic lets users in India, Singapore, and Hong Kong build their own online stores, complete with a payment gateway. This month, the company released Shopmatic Go, which is a streamlined version of its product, specifically for Android. Shopmatic Go allows sellers to set up their online stores, get their own online domains, accept online payments, advertise to customers and a social circle, and get reports on successful sales.

Much like its parent product, users can take snapshots (or pick from the app’s photo gallery) of their products and/or services, fill in the product details, and share the store (and its stock) through channels, including WhatsApp, Facebook, and email.

I was able to set up a shop of my own on Shopmatic Go. It took about five minutes instead of the two advertised, but it was surprisingly straightforward, much like signing up for a subscription. I put in my business address and phone number. Then I took pictures of my merchandise and enter in pricing information, along with how many of each item I had in stock. I enabled the payment options I wanted with a couple of finger swipes, and my store was published. I had the option of publishing it on different social media outlets as well. Shopmatic Go is a limited version of Shopmatic’s original product (which allows for more customization), but it can still create a complete website. It competes with ecommerce site builders like KartRocket and Zepo.

For shop owners in India, the Shopmatic subscription service costs about US$20 for a month – customers pay nothing to use the platform, save a small processing fee for a successful payment. The company uses Citrus Pay for transactions within India – credit and debit cards, mobile wallets, and net banking – and PayPal for payments across borders. It also has partnerships with logistics provider Aramex and the Confederation of All India Traders. The startup has offices in Singapore, Gurgaon, and Bangalore, and its development team is located in Taiwan. It has a team of around 50 people, most of whom are based in India. Shopmatic’s co-founders – Anurag Avula, Yen Lim, and Kris Chen – all used to work at PayPal, which makes operating a business across geographies easier. “It wasn’t about leaving PayPal as much as it was about creating a solution,” CEO Anurag tells Tech in Asia. We sit at a picturesque hotel cafe, where he, Yen, and the rest of the team present in Bangalore have supplemented the fancy hotel treats with trays of peppermint patties and Tim Tams. “We used to work at PayPal in the region, and the idea of enabling online commerce for individual entrepreneurs – we wanted to do that.”

The business is not limited to startups – Anurag brings up an entrepreneur who makes cupcakes at home and wants to organize her orders through an online channel or someone who makes earrings. “[That type of business] is not a startup in a true sense, but we’re helping them to startup their business,” he says. Creating a mobile version was the next step on the way to hitting that goal. Over 20,000 customers use Shopmatic at the moment. The team plans on expanding to Indonesia, Thailand, and the Philippines within the next six months.

Source: TechinAsia

Yahoo News

Top 10 tips to begin and develop a business


29 October 2016

Worthy results in your Small Business setup don't always have to be the result of a load of hard work. You can get some great results by doing little things that barely take much time.

Anurag Avula, the CEO of Shopmatic has brought ten top tips on how to start a successful business online.

Firstly, think of selling a product/service that people really want.

This may seem obvious but being doubly sure that you're creating a unique product that people actually need will make or break your business.

The easiest way to do this is through research. Speaking with friends and family, sending out a survey, or even just looking up what's available and not available online, are all very effective ways of getting feedback on what you are wanting to sell.

Secondly, be confident about your idea.

There might be thousands of small businesses existing but this does not take away from the uniqueness of your business.

What really matters is understanding your business model, as very limited people have the drive and motivation needed to bring their ideas to life.

Thirdly, execution is the key.

Action is what brings out results. Time spent on writing plans is one thing- but execution is what will make the difference! Do ensure you have enough time to follow through with all your ideas.

Fourth, overnight success is over-rated.

If you think you will be successful overnight, you are more than likely to get frustrated. Success in business depends on your ability to accept losses and shortcomings, and to move on and learn from them. Take the hits on the chin, and move on! Agility and persistence will eventually, help you win!

Fifth, design an exclusive website and e-commerce storefront.

It is now simple to create a user-friendly website for your venture. You don't need to be an engineering mastermind or dependent on freelancers to design an attractive website or online store to attract your customers. Another essential step should be to optimize your site for mobile access, add SEO tags that will boost your search ranking and help grow your business faster.

Sixth, don't try to be the sole go-to person for everything.

Finding balance is one of the most essential qualities you need to hold on to. There will be a lot to do- and being the only go-to person, for everything, is foolhardy in the long run. Entrepreneurs need to learn how to hand out responsibility and have faith in their team, to be able to deliver, in the long run.

Seventh, keep the business and customers in sync.

Be consistent and constantly in touch with your customers. They are the reason for you to exist.

Find a way to constantly communicate your brand values to them, so they stay engaged and feel vindicated for selecting your product/ service.

Eighth, getting help is good.

While starting a business on your own is fine, you will feel the need to carry stakeholders along with you. business isn't something that you should do alone. Investors will only bat for teams that they think will deliver the most innovative solutions in the long run!

Ninth, attract and retain talent.

The fundamental rule for success, is to hire the best people and trust them to do the best work. Particularly at the beginning, when money is constricted and your company might lack reputation, you can't afford to make hiring mistakes.

Finally, stay positive.

Things can sometimes look like they are falling apart. But, you need to remain positive, no matter what! When positivity kicks in there is nothing that can stop the cash flow!

Source: Yahoo News

The Times of India

Planning to start a business? Here are 10 tips to help you out


29 October 2016

Worthy results in your Small Business setup don't always have to be the result of a load of hard work. You can get some great results by doing little things that barely take much time.

Anurag Avula, the CEO of Shopmatic has brought ten top tips on how to start a successful business online.

Firstly, think of selling a product/service that people really want.

This may seem obvious but being doubly sure that you're creating a unique product that people actually need will make or break your business.

The easiest way to do this is through research. Speaking with friends and family, sending out a survey, or even just looking up what's available and not available online, are all very effective ways of getting feedback on what you are wanting to sell.

Secondly, be confident about your idea.

There might be thousands of small businesses existing but this does not take away from the uniqueness of your business.

What really matters is understanding your business model, as very limited people have the drive and motivation needed to bring their ideas to life.

Thirdly, execution is the key.

Action is what brings out results. Time spent on writing plans is one thing- but execution is what will make the difference! Do ensure you have enough time to follow through with all your ideas.

Fourth, overnight success is over-rated.

If you think you will be successful overnight, you are more than likely to get frustrated. Success in business depends on your ability to accept losses and shortcomings, and to move on and learn from them. Take the hits on the chin, and move on! Agility and persistence will eventually, help you win!

Fifth, design an exclusive website and e-commerce storefront.

It is now simple to create a user-friendly website for your venture. You don't need to be an engineering mastermind or dependent on freelancers to design an attractive website or online store to attract your customers. Another essential step should be to optimize your site for mobile access, add SEO tags that will boost your search ranking and help grow your business faster.

Sixth, don't try to be the sole go-to person for everything.

Finding balance is one of the most essential qualities you need to hold on to. There will be a lot to do- and being the only go-to person, for everything, is foolhardy in the long run. Entrepreneurs need to learn how to hand out responsibility and have faith in their team, to be able to deliver, in the long run.

Seventh, keep the business and customers in sync.

Be consistent and constantly in touch with your customers. They are the reason for you to exist.

Find a way to constantly communicate your brand values to them, so they stay engaged and feel vindicated for selecting your product/ service.

Eighth, getting help is good.

While starting a business on your own is fine, you will feel the need to carry stakeholders along with you. business isn't something that you should do alone. Investors will only bat for teams that they think will deliver the most innovative solutions in the long run!

Ninth, attract and retain talent.

The fundamental rule for success, is to hire the best people and trust them to do the best work. Particularly at the beginning, when money is constricted and your company might lack reputation, you can't afford to make hiring mistakes.

Finally, stay positive.

Things can sometimes look like they are falling apart. But, you need to remain positive, no matter what! When positivity kicks in there is nothing that can stop the cash flow!

Source: The Times of India

ETRetail

E-commerce company Shopmatic ties up with Gates Apac for ICT expansion


04 October 2016

New Delhi: Singapore based e-commerce company Shopmatic, which provides a platform for merchants to take their business online, announced a strategic partnership with Gates Apac to help the company expand in the rapidly growing Information and Communication Technology (ICT) market.

The company announced the tie-up prior to the Gates India ICT Reseller Summit 2016.

“We welcome this initiative in India that will give us a wonderful opportunity to connect with the National ICT reseller community and to grow our business through meaningful interactions. To maximize its success, a business needs to understand the channel landscape, meet the right partners and create a strategy that aligns with current market trends. By joining hands with GATES, we will be able to achieve these goals efficiently,” said Anurag Avula, CEO and founder of Shopmatic.

According to Ashish Kapahi, CEO of Gates Apac, Shopmatic is a pioneer in the field of e-commerce and an innovation-led organization contributing to the evolution of traditional business practices.

"Collaborating with it is in line with our vision to equip the Indian ICT ecosystem with access to the latest technology and practices in the industry to spur higher growth rates for the industry," he said further.

The GATES ICT Reseller Channel Summit will be held at The Clarke’s Exotica Resort & Spa in Bengaluru between 4th and 6th of October, 2016. The summit will focus on bringing the ICT community under one roof.

Founded in December 2014, Shopmatic is headquartered in Singapore and has offices in Hong Kong, Gurgaon and Bangalore and is quickly expanding to the rest of the Asian countries.

Source: ETRetail

Business Standard

Shopmatic, GATES APAC tie-up to grow in Indian ICT market


04 October 2016

Leading Singapore-based e-commerce company Shopmatic has announced its strategic partnership with GATES APAC, Singapore to facilitate the business expansion of Shopmatic in the rapidly growing Indian ICT market.

Shopmatic, a leader in the e-commerce ecosystem, announced the tie-up prior to the GATES India ICT Reseller Summit 2016.

"We welcome this initiative in India that will give us a wonderful opportunity to connect with the National ICT reseller community and to grow our business through meaningful interactions. To maximize its success, a business needs to understand the channel landscape, meet the right partners and create a strategy that aligns with current market trends. By joining hands with GATES, we will be able to achieve these goals efficiently," said CEO and Founder, Anurag Avula.

"We are well-poised to take advantage of this summit in our continuous efforts to help more and more traditionally run business to go the omni way," added Anurag.

"Shopmatic is a pioneer in the field of e-commerce and an innovation-led organization contributing to the evolution of traditional business practices. Collaborating with it is in line with our vision to equip the Indian ICT ecosystem with access to the latest technology and practices in the industry to spur higher growth rates for the industry," said CEO GATES APAC, Ashish Kapahi.

Source: Business Standard

Computerworld Hong Kong

Shopmatic launches e-commerce enabling operations in HK


14 June 2016

Following on from recent investments in India and Singapore, e-commerce solutions provider Shopmatic has launched operations in Hong Kong.

This move is expected benefit Hong Kong online stores, SMEs and entrepreneurs as the platform enables business owners to build and manage their businesses on one single platform.

Services encompass an entire ecosystem from developing a unique web store to listing businesses on marketplaces and social media channels, to giving insights on how to sell online.

For a fixed monthly subscription rate of US$38 per month, businesses can conveniently sell products and services online in Hong Kong and the region.

As an incentive for new subscribers, Hong Kong merchants who sign up for Shopmatic for the first time will be offered a 15-day trial period during which they can establish their site and experience the entire service.

Industry analysts have estimated that almost 90% of Hong Kong consumers shopped online in the past 12 months, while one-third of the e-shoppers made online purchases within the same week a survey was conducted by Nielsen.

Shopmatic said it will further strengthen its Asia network by expanding into other countries in this region such as Australia, Indonesia, Malaysia and the Philippines later this year.

“We are confident that we can help the Hong Kong online stores expand into the region. We also see huge potential in the ways in which we can help Hong Kong SMEs expand their businesses from offline to online for its mature traditional retail model,” Shopmatic CEO and co-founder Anurag Avula said.

Source: Computerworld Hong Kong

80 Quartier

Shopmatic launches in Hong Kong


13 June 2016

E-commerce solutions provider Shopmatic continues its expansion plan with a launch in Hong Kong. It recently launched its service in Singapore in April.

The online platform will continue to strengthen its presence in Asia Pacific with with expansion into Australia, Indonesia, Malaysia and the Philippines later this year.

“With more 300,000 SMEs operating in Hong Kong, the city promises tremendous business opportunities for a significant base of untapped individual entrepreneurs,” said Anurag Avula, CEO and co-founder of Shopmatic.

Shopmatic, based in Singapore though launched its first operation in India in 2015, assists small businesses to sell online by providing them the entire ecosystem with services ranging from setting up an e-store, listing on marketplaces and social channel to giving insight on how to sell online.

Source: 80 Quartier

Business Standard

Shopmatic to now digitally empower entrepreneurs in Hong Kong


13 June 2016

Shopmatic, an international e-commerce platform that offers an entire ecosystem of selling online has launched its business operations in Hong Kong to help the local entrepreneurs and individuals tap the rapidly expanding world of e-commerce and sell their products online.

The online platform will allow small businesses to flourish by helping them manage the entire ecosystem for them- right from developing their own unique web-store, listing them on marketplaces and social channels to assisting them with insights on how to sell online.

Hong Kong being the world's ninth largest trading economy with more than 90 percent of GDP coming from the service sector is the world's most service-oriented economy. Its SMEs are reputed for extensive global sourcing connections, brand credibility and innovation.

They can build on these advantages to expand their businesses by tapping into the rapidly increasing world of e-commerce. Taking this as an excellent opportunity, Shopmatic has launched its business operations and services in Hong Kong after recently stepping into the Singapore market and running successful operations in India's Bangalore and Gurgaon offices.

"With more than three lakh SMEs operating in Hong Kong, the city promises tremendous business opportunities for a significant base of untapped individual entrepreneurs. We are eyeing three segments of audiences-existing SMEs that are selling their products but are not online, existing SMEs that are selling their products offline with a minimal presence online or selling through marketplaces and lastly, individual entrepreneurs who are waiting to realize the potential of doing business online. In addition to that, our business operations in Hong Kong also mean we will be creating job opportunities for local talent," said CEO and Founder, Anurag Avula.

Since its inception in 2014, Shopmatic has offered a revolutionary, all-in-one e-commerce solution that enables business owners to build and manage their businesses online, commission-free. This means they do not have to rely on commission-based marketplaces, which can charge up to 15 percent for each transaction.

As the popularity of online shopping among domestic and overseas consumers continues to grow, cross-border e-commerce is becoming increasingly important and many companies in Hong Kong, especially those who belong to the SME category tend to lack a comprehensive understanding of e-commerce presence, sales, and marketing. This makes it difficult for them to develop successful online platforms.

"We at Shopmatic are here to provide our customers all of the necessary apparatus to step on the digital platform, charging just USD 20 month. They will get three months free if they sign up for our 12-month plan and a month free with our six-month plan. On top of that, all our subscribers get the first month as a free trial period. Ours is a SaaS model and average operating costs will come down with our growth in customers. We have also partnered with PayPal to enable cross-border trade for local business owners, making it easier for merchants to accept payments from customers outside Hong Kong,'' added Avula.

Shopmatic is eyeing significant investments. After Hong Kong and Singapore, the company now plans to expand its presence to other parts of Asia such as Malaysia and Indonesia by the end of this year and further strengthen its commitment to the region.

Source: Business Standard

Yahoo! News

Shopmatic to now digitally empower entrepreneurs in Hong Kong


13 June 2016

Shopmatic, an international e-commerce platform that offers an entire ecosystem of selling online has launched its business operations in Hong Kong to help the local entrepreneurs and individuals tap the rapidly expanding world of e-commerce and sell their products online.

The online platform will allow small businesses to flourish by helping them manage the entire ecosystem for them- right from developing their own unique web-store, listing them on marketplaces and social channels to assisting them with insights on how to sell online.

Hong Kong being the world's ninth largest trading economy with more than 90 percent of GDP coming from the service sector is the world's most service-oriented economy. Its SMEs are reputed for extensive global sourcing connections, brand credibility and innovation.

They can build on these advantages to expand their businesses by tapping into the rapidly increasing world of e-commerce. Taking this as an excellent opportunity, Shopmatic has launched its business operations and services in Hong Kong after recently stepping into the Singapore market and running successful operations in India's Bangalore and Gurgaon offices.

"With more than three lakh SMEs operating in Hong Kong, the city promises tremendous business opportunities for a significant base of untapped individual entrepreneurs. We are eyeing three segments of audiences-existing SMEs that are selling their products but are not online, existing SMEs that are selling their products offline with a minimal presence online or selling through marketplaces and lastly, individual entrepreneurs who are waiting to realize the potential of doing business online. In addition to that, our business operations in Hong Kong also mean we will be creating job opportunities for local talent," said CEO and Founder, Anurag Avula.

Since its inception in 2014, Shopmatic has offered a revolutionary, all-in-one e-commerce solution that enables business owners to build and manage their businesses online, commission-free. This means they do not have to rely on commission-based marketplaces, which can charge up to 15 percent for each transaction.

As the popularity of online shopping among domestic and overseas consumers continues to grow, cross-border e-commerce is becoming increasingly important and many companies in Hong Kong, especially those who belong to the SME category tend to lack a comprehensive understanding of e-commerce presence, sales, and marketing. This makes it difficult for them to develop successful online platforms.

"We at Shopmatic are here to provide our customers all of the necessary apparatus to step on the digital platform, charging just USD 20 month. They will get three months free if they sign up for our 12-month plan and a month free with our six-month plan. On top of that, all our subscribers get the first month as a free trial period. Ours is a SaaS model and average operating costs will come down with our growth in customers. We have also partnered with PayPal to enable cross-border trade for local business owners, making it easier for merchants to accept payments from customers outside Hong Kong,'' added Avula.

Shopmatic is eyeing significant investments. After Hong Kong and Singapore, the company now plans to expand its presence to other parts of Asia such as Malaysia and Indonesia by the end of this year and further strengthen its commitment to the region.

Source: Yahoo! News

Enterprise Innovation

E-commerce firm Shopmatic launches in Hong Kong


13 June 2016

Following its recent investments in India and Singapore, e-commerce solutions provider Shopmatic launched its Hong Kong business operations recently.

This move is expected benefit Hong Kong online stores, SMEs and entrepreneurs as the platform enables business owners to build and manage their businesses on one single platform.

Services encompass an entire ecosystem from developing a unique web store to listing businesses on marketplaces and social media channels, to giving insights on how to sell online.

At a fixed monthly subscription rate of only US$38 per month, businesses can conveniently and easily sell products and services online in Hong Kong and the region.

As an incentive for new subscribers, Hong Kong merchants who sign up for Shopmatic for the first time will get to enjoy a 15-day trial period during which they can establish their site and experience the entire service.

Industry analysts have estimated that almost 90 percent of Hong Kong consumers shopped online in the past 12 months, while one-third of the e-shoppers made online purchases within the same week a survey was conducted by Nielsen.

Shopmatic said it will further strengthen its Asia network by expanding into other countries in this region such as Australia, Indonesia, Malaysia and the Philippines later this year.

“We are confident that we can help the Hong Kong online stores expand into the region. We also see huge potential in the ways in which we can help Hong Kong SMEs expand their businesses from offline to online for its mature traditional retail model,” Anurag Avula, CEO and Co-Founder, Shopmatic, said.

Source: Enterprise Innovation

IT Pro Mac

Shopmatic進軍香港 協助本地網店開拓亞洲市場


12 June 2016

總部在新加坡的電子商務解決方案平台Shopmatic正式進軍香港,為本地網店提供一站式電子商務解決方案。香港是繼Shopmatic早前在印度及新加坡拓展業務後另一新猶。Shopmatic將於今年稍後時間擴充亞洲業務版圖至澳洲、印尼、馬來西亞,以及菲律賓。

透過Shopmatic,本地網店、中小企,以及企業家,只需每月38美元,就可以輕鬆打理網店;向本地以至亞洲的廣大顧客銷售各類產品及服務。Shopmatic提供一個完善的電子商務生態系統,服務包括開設網店、網上支付、送貨退貨安排,以至客戶關係管理等,一應俱全,免卻網店就不同服務跟不同供應商洽商的煩惱。首次登記成為Shopmatic用家,即可享獲15天的免費體驗。

Shopmatic所提供的服務,有效協助本地企業把握電子商務的機遇。尼爾森市場研究報告(2016年3月)顯示,過去12個月內,有超過90% 的港人曾於網上消費;當中有三分之一人更在受訪期間同一星期內進行網上消費,足見本地電子商務需求殷切。網上消費在港越見普遍,顧客數字不斷上升,加上香港互聯網基建發達,是周邊地區中互聯網滲透率最高的城市。這些因素都吸引了不少初創企業發展網上業務,開拓本地及亞洲市場。

Shopmatic明白不少本地網店都在尋找經濟實惠、方便使用的一站式電子商務解決方案。其希望以香港作為亞洲市場的據點,善用本港優勢,為拓展計劃打好基礎。Shopmatic熟悉亞洲電子商務市場,業務覆蓋區內各個地區,經驗豐富,絕對可以協助放眼亞洲的本地網上企業提供適時穩妥的解決方案,推動業務發展。 選用Shopmatic的本地網上企業,可以在一個平台上,一站式管理其他集市商鋪;跟使用其他解決方案相比,可節省高達15%的成本。

Shopmatic聯合創辦人兼行政總裁Anurag Avula表示︰「Shopmatic實力雄厚,穩紮印度及新加坡市場。憑藉我們豐富的亞洲經驗,我們深信可以協助本港的網店開拓香港及亞洲的網上業務。同時,對於一些在傳統零售模式方面發展已非常成熟的港企,我們Shopmatic 亦能夠協助它們將線下的業務拓展至網上。」

Shopmatic亞洲區內服務網絡強大,與支付系統PayPal建立全球夥伴合作關係,讓香港企業用戶可以輕鬆處理來自境外的款項。

透過Shopmatic,用戶的店舖及商品將展示於各大受歡迎的網上交易平台,如亞馬遜及社交平台Facebook等,從而加強於本地市場的曝光率。Anurag Avula表示:「我們協助客戶管理整個電子商務的生態系統,協助客戶與世界各地的顧客聯繫起來,締造方便捷的營商空間。」

Source: IT Pro Mac

HK01

【創業】國際網店支援平台攻港 300元即可做老闆


12 June 2016

根據尼爾森今年3月公佈的巿場研究報告指,有近9成港人在過去12個月曾於網上消費,當中25至29歲為活躍消費群,有3分1人最近一次的網購就在受訪期間的同一星期進行,可見港人網購頻率甚高。然而,開網店說時容易,但做起來往往涉及不同界別的專業知識,例如設定域名、設計網頁、處理及上載產品圖片、銷售及庫存、發貨……假如還有正職在身,一人之力實難應付以上種種工序。有見及此,在新加坡和印度取得成績的網店支援系統Shopmatic近日正式攻港,推出一站式的網店管理服務,讓仍在打工的你可以低成本創業,或是讓現為Facebook和Instagram賣家的用戶再下一城。

Shopmatic將上述的每個開店難題整合,提供全方位的網店營運服務,當中包括提供域名及超過60套網頁設計範本,讓不懂做網頁的用戶也可以「DIY」。作為全球支付系統PayPal的合作夥伴,Shopmatic系統亦會幫助一眾新手網店老闆連結PayPal,打開全球生意大門。港人一向「百足咁多爪」,銷售也是一樣,不少賣家可能同時在多於一個平台經營,考慮到這點,服務亦容許用戶將eBay、Amazon及Zalora的戶口連接到系統上,以後有任何產品增減、價格調整,只需更新1次即可,無需重覆登入不同平台,為用戶節省更多時間;而連接上不同平台,系統都會提供各種銷售分析數據,讓老闆們隨時掌握每日、每周、每月的生意實況。

說到最令老闆頭痕和無助的事情,SEO絕對榜上有名。而Shopmatic的一大吸引之處,亦在於為每間網店配備的SEO功能——利用賣家提供的關鍵字,例如「日韓」、「模型」、「美容」等,增加網店被搜尋得到的機會。從事支付及銀行業務超過20年,曾於渣打、萬事達卡、PayPal工作的聯合創辦人兼行政總裁 Anurag Avula表示,Shopmatic能夠推動以亞洲為巿場目標的本地網上企業發展,「憑藉我們豐富的亞洲經驗,我深信我們的服務可以協助本地網店開拓香港及亞洲的網上業務。同時,對於一些在傳統零售模式方面發展已非常成熟的港企,我們亦能協助它們將線下的業務拓展至網上。」

Shopmatic現時收費為1個月38美元(約港幣300元),並設有首15天的免費體驗。雖然現時創業可以0成本利用社交平台進行買賣,但當業務漸趨成熟,有獨立網店網站又成為下一階段發展的「必需品」,從而將自身從一眾賣家中區分出來。低成本助賣家省時省力的網店系統,未來將會變得愈來愈重要。

Source: HK01

Earth Android

Shopmatic to now digitally empower entrepreneurs in Hong Kong


10 June 2016

Shopmatic, an international e-commerce platform that offers an entire ecosystem of selling online, has launched its business operations in Hong Kong to help the local entrepreneurs and individuals tap the rapidly expanding world of e-commerce and sell their products online. The online platform will allow small businesses to flourish by helping them manage the entire ecosystem for them- right from developing their own unique web-store, listing them on marketplaces and social channels to assisting them with insights on how to sell online.

Hong Kong being the world’s ninth largest trading economy with more than 90 per cent of GDP coming from the service sector is the world’s most service-oriented economy. Its SMEs are reputed for extensive global sourcing connections, brand credibility and innovation. They can build on these advantages to expand their businesses by tapping into the rapidly increasing world of e-commerce. Taking this as an excellent opportunity, Shopmatic has launched its business operations and services in Hong Kong after recently stepping into the Singapore market and running successful operations in India’s Bangalore and Gurgaon offices. The platform is focused on helping not only the small and medium businesses of the Asian countries to find their feet in the online world but also give these firms global exposure.

Commenting on the Shopmatic Group launch, Anurag Avula, CEO & Founder said, ” With more than 3 lakh SMEs operating in Hong Kong, the city promises tremendous business opportunities for a significant base of untapped individual entrepreneurs. We are eyeing three segments of audiences– existing SMEs that are selling their products but are not online, existing SMEs that are selling their products offline with a minimal presence online or selling through marketplaces and lastly, individual entrepreneurs who are waiting to realize the potential of doing business online. In addition to that, our business operations in Hong Kong also mean we will be creating job opportunities for local talent.”

Since its inception in 2014, Shopmatic has offered a revolutionary, all-in-one e-commerce solution that enables business owners to build and manage their businesses online, commission-free. This means they do not have to rely on commission-based marketplaces, which can charge up to 15% for each transaction. Shopmatic’s key features include:

  • Compelling web presence with attractive store fronts;

  • Seamless integration with local and international payment gateways;

  • Tie-ups with logistics partners, enabling automated shipping;

  • Facilitated listing across multiple marketplaces and social channels, such as Facebook;

  • Organized dashboard with data insights and inventory management;

  • Simple pricing with no hidden fees. All packages come with a one-month free trial;

  • Customized solutions to service entrepreneurs, assisting them in promoting and selling their services to a wider customer base.

Source: Earth Android

Techseen

After Singapore, Shopmatic digitally empowers SMEs in Hong Kong


10 June 2016

Shopmatic, the international e-commerce platform has launched its business operations in Hong Kong to enable local entrepreneurs and individuals sell their products online. After recently stepping in the Singapore market this April to help local entrepreneurs go digital, the company is now set to empower SMEs in Hong Kong.

The online platform that operates on a SaaS model, claims that it will allow small businesses to flourish by helping them manage the entire ecosystem for them- right from developing their own unique web-store, listing them on marketplaces and social channels to assisting them with insights on how to sell online.

Commenting on the Shopmatic Group launch, Anurag Avula, CEO and Founder says, “With more than 3 lakh SMEs operating in Hong Kong, the city promises tremendous business opportunities for a significant base of untapped individual entrepreneurs.”

“We are eyeing three segments of audiences– existing SMEs that are selling their products but are not online, existing SMEs that are selling their products offline with a minimal presence online or selling through marketplaces and lastly, individual entrepreneurs who are waiting to realize the potential of doing business online. In addition to that, our business operations in Hong Kong also mean we will be creating job opportunities for local talent.”

Shopmatic believes that SMEs in Hong Kong are reputed for extensive global sourcing connections, brand credibility and innovation. A digital platform can help them build on these advantages to expand their businesses by tapping into the rapidly increasing world of e-commerce.

“As the popularity of online shopping among domestic and overseas consumers continues to grow, cross-border e-commerce is becoming increasingly important and many companies in Hong Kong, especially those who belong to the SME category tend to lack a comprehensive understanding of e-commerce presence, sales, and marketing. This makes it difficult for them to develop successful online platforms,” noted Avula.

Avula further revealed that Shopmatic would provide its customers all of the necessary apparatus to step on the digital platform at $20 a month. The first month would be considered as a trial period with no any additional fees per sale made by the customer. Shopmatic has also partnered with PayPal to enable cross-border trade for local business owners, helping merchants to easily accept payments from customers outside Hong Kong.

Currently, privately funded by angel investors, Shopmatic plans to loop in more investments to expand its presence to other parts of Asia such as Malaysia and Indonesia by the end of this year and further strengthen its commitment to the region.

Source: Techseen

China Daily Asia

Shopmatic joins the fray in HK
e-commerce solutions


10 June 2016

HONG KONG - More and more retailers in Hong Kong are planning to develop their online businesses to explore new opportunities within Hong Kong and the Asia Pacific, as the city braces for a retail "winter" amid a slowing economy.

The growing trend of online retailing in the city has attracted a number of e-commerce solution providers to seize on business opportunities. One of these is Singapore-based Shopmatic, which on Friday announced the launch of its Hong Kong business operations to strengthen its Asia network.

Hong Kong is known for being the city with the highest internet penetration in the region with a strong IT infrastructure, as well as for having a solid and rapidly growing e-commerce appetite and e-shopper population.

According to the 2015 eCommerce Consumer Monitor survey conducted by global payments technology company Visa in February of that year, nearly 90 percent of Hong Kong consumers shopped online in 2014, while a third of the e-shoppers had made online purchases during the week that the survey conducted.

Shopmatic claims to provide the entire ecosystem for online store owners, from setting up websites to shipping and data collection, enabling Hong Kong online stores, and small and medium-sized enterprises to sell products and services online at a monthly subscription rate of $38.

Besides Hong Kong, Shopmatic has already set up overseas business in India. Plans are to expand into other countries such as Australia, Indonesia, Malaysia and the Philippines later this year.

Source: China Daily Asia

Takungpao

電子商務解決方案平台 Shopmatic 進軍香港


10 June 2016

6月10日讯(记者王嘉傑)國際電子商務解決方案平台Shopmatic今日宣佈正式進軍香港,為本地網店提供一站式電子商務解決方案。是繼早前在印度及新加坡拓展業務後另一進入的市場。Shopmatic 將於今年稍後時間擴充亞洲業務版圖至澳洲、印尼、馬來西亞,以及菲律賓。

透過Shopmatic,本地網店、中小企,以及企業家,只需每月38美元,就可以輕鬆打理網店;向本地以至亞洲的廣大顧客銷售各類產品及服務。Shopmatic 提供一個完善的電子商務生態系統,服務包括開設網店、網上支付、送貨退貨安排,以至客戶關係管理等,一應俱全,免卻網店就不同服務跟不同供應商洽商的煩惱。首次登記成為Shopmatic用家,即可享獲15天的免費體驗。

不少本地網店都在尋找經濟實惠、方便使用的一站式電子商務解決方案。Shopmatic希望以香港作為亞洲市場的據點,為拓展計劃打好基礎。Shopmatic 熟悉亞洲電子商務市場,業務覆蓋區內各個地區,經驗豐富,絕對可以協助放眼亞洲的本地網上企業提供適時穩妥的解決方案,推動業務發展。 選用 Shopmatic 的本地網上企業,可以在一個平台上,一站式管理其他集市商鋪;跟使用其他解決方案相比,可節省高達15% 的成本。

Shopmatic 聯合創辦人兼行政總裁 Anurag Avula表示:憑藉豐富的亞洲經驗,深信可以協助本港的網店開拓香港及亞洲的網上業務。同時,對於一些在傳統零售模式方面發展已非常成熟的港企,Shopmatic 亦能夠協助它們將線下的業務拓展至網上。

Source: Takungpao

Financial Express

20 May 2016
Times of India

Shopmatic announces partnership with global logistics and transportation provider Aramex


19 May 2016

Shopmatic , a homegrown e-commerce SaaS (Software as a Service) company, on Thursday announced a strategic partnership with Aramex,a provider of comprehensive logistics and transportation solutions. The partnership will allow online merchants to deliver their products efficiently and securely, thereby improving the entire e-commerce experience for business owners.

Business owners continuously innovate to introduce new business models and technology-driven approaches - convenient payment options, speedy deliveries and easy-return policies drive customers to online platforms. Logistics is, therefore, a key enabler for the growth of the e-commerce sector and is emerging as a differentiator in terms of customer service excellence. To build-up their scale while sustaining business margins, e-commerce companies and logistics providers need to work in collaboration to promote the industry.

"There is enormous potential for online shopping spending in Singapore, which is projected to grow from $4.8 billion in 2015 to $6.9 billion by 2018. Shopmatic wants to enable its users to take advantage of this growth by simplifying the online selling experience. We recognize that managing the last-mile delivery is one of the biggest challenges for Homepreneurs and Small and Medium Enterprises (SMEs) and we want to help them solve this problem," CEO & Co-Founder of Shopmatic Group, Anurag Avula, said.

"We feel that the partnership with Aramex is a natural fit because both companies share many of the same values, including a shared passion for excellence and a customer-centric mindset. We are confident that our collaboration will enhance our one-stop-shop value proposition, managing the entire ecosystem, enabling anyone to sell online."

Othman Aljeda, CEO of Aramex in Asia, said: "We are excited to partner with Shopmatic to enable local entrepreneurs, particularly SMEs and Homepreneurs, to sell their products internationally. Aramex offers a wide range of customized e-commerce solutions. We are committed to expanding our e-commerce offerings and geographical footprint to meet the increasing demand for global online shopping delivery solutions and to support e-tailers to grow their business."

Aramex e-commerce solutions will come as part of all custom-built Shopmatic platforms, which is now available in India, Singapore and Hong Kong.

Source: Times of India

TechTrade Asia

Shopmatic helps SMEs go digital


28 Apr 2016

Shopmatic, a Singapore e-commerce SaaS (software-as-a-service) company, has launched business operations designed to help local entrepreneurs go digital, particularly SMEs (small and medium-sized enterprises) and 'homepreneurs' (entrepreneurs who work from home).

"The opportunity for local businesses to leverage the online world is immense, and that's what we want to enable for Singapore. We are looking at the market opportunity through three audience segments -- existing SMEs that are selling their products but are not online, existing SMEs that are selling their products offline with a minimal presence online or selling through marketplaces and, lastly, the big opportunity that sits with Individual entrepreneurs who have yet to realise the potential of doing business online.

"If we just look at Singapore, SMEs take up 99% of all enterprises in this city-state and there is a significant base of untapped individual entrepreneurs*," CEO & Co-Founder of the Shopmatic Group, Anurag Avula said.

Where any business can go digital

Shopmatic has an all-in-one e-commerce solution that enables business owners to build and manage their businesses online, commission-free.

"At Shopmatic, we understand that managing payments is one of the biggest challenges for SMEs," Avula said. "We are delighted to partner with PayPal to enable cross-border trade for local business owners, making it easier for merchants to accept payments from customers outside Singapore. We are focused on helping not only the SMEs and individual entrepreneurs to find their success in the online world, but also to give them global exposure.

"We have no hidden costs and charge just S$38 per month for enabling the entire online ecosystem for our customers. You get four months free if you sign up for our 12-month plan and a month free with our six-month plan. We don't charge any additional fees per sale made by the customer."

Shopmatic has also launched services for seven verticals:

• Beauty & Wellness
• Education
• Wedding and Events
• Health Services
• Interior Decoration
• Real Estate

This year, the company plans to expand to other parts of Asia such as Hong Kong, the Philippines, Australia, and Indonesia.

Source: TechTrade Asia

Reuters

Shopmatic Expands Footprint in Asia, Announces Launch in Singapore


25 Apr 2016

Shopmatic Expands Footprint in Asia, Announces Launch in Singapore

Shopmatic Brings Ease and Convenience by Managing the Entire Ecosystem, Enabling Anyone to Sell Online

Shopmatic, a homegrown e-commerce SaaS (Software as a Service) company, today announced the launch of its business operation in Singapore designed to help local entrepreneurs go digital, particularly SMEs (Small and Medium-sized Enterprises) and 'Homepreneurs' (entrepreneurs who work from home).

"The opportunity for local businesses to leverage the online world is immense, and that's what we want to enable for Singapore. We are looking at the market opportunity through three audience segments -- existing SMEs that are selling their products but are not online, existing SMEs that are selling their products offline with a minimal presence online or selling through marketplaces and, lastly, the big opportunity that sits with Individual entrepreneurs who have yet to realise the potential of doing business online. If we just look at Singapore, SMEs take up 99% of all enterprises in this city-state and there is a significant base of untapped individual entrepreneurs1," CEO & Co-Founder of Shopmatic Group, Anurag Avula said.


An Online Platform where Every Business Owner Can Go Digital

Since its inception in December 2014, Shopmatic has offered a revolutionary, all-in-one e-commerce solution that enables business owners to build and manage their businesses online, commission-free.

"At Shopmatic, we understand that managing payments is one of the biggest challenges for SMEs," Mr Avula said. "We are delighted to partner with PayPal to enable cross-border trade for local business owners, making it easier for merchants to accept payments from customers outside Singapore. We are focused on helping not only the SMEs and individual entrepreneurs to find their success in the online world, but also to give them global exposure.

"We have no hidden costs and charge just $38 per month for enabling the entire online ecosystem for our customers. You get four months free if you sign up for our 12-month plan and a month free with our six-month plan. We don't charge any additional fees per sale made by the customer."

Shopmatic has recently launched Business Services for seven verticals. These include:

Beauty & Wellness - Facials, Facial Treatments, Spas, Manicure, Pedicure, De-Tox therapies, etc
Education - Home Tutors
Wedding and Events - Venue decorators, Wedding photographers, Bridal make-up artists, wedding choreographers, etc
Health Services - Personal trainers for yoga, Pilates, Zumba, dance, spa treatments
Interior Decoration - Interior designing, Personalized Product Suggestions, Room Placement Visualization, etc
Real Estate - Property and investment consulting, Advisor, Architecture, Vaastu Consultants, etc

This year, the company plans to expand its presence to other parts of Asia such as Hong Kong, Philippines, Australia, and Indonesia, further strengthening its commitment to the region. For more information, please visit https://goshopmatic.sg/

Source: Reuters

Times of India

10 Apr 2016
The Economic Times

How e-commerce startups are helping small businesses go online


10 Apr 2016

The next wave of e-commerce in India will be driven by millions of small merchants taking their businesses online. A host of startups is helping retailers get a web presence, build their brand and make more money.

Atul Tater has been selling his apparel on Flipkart and Amazon for six months, and sees about ten garments take off every day. He pays 25-30 per cent commission per sale to the marketplaces. Three months ago, Singapore-based e-commerce company Shopmatic approached Tater to build a website for his brand, Reevolution. He signed up quickly since it came for Rs 1,400 a month and included a Facebook page shop, an inventory management tool and a payment gateway.

"If I had set out to start my own dynamic website, it would have cost upwards of Rs 50,000," says Tater. Though he'll continue to sell on the marketplaces, the idea of not having to shell out 30 per cent commission comes as a relief to the Noida-based businessman.

For small merchants like Tater, the cost of setting up a website, managing inventory and logistics and establishing a payment gateway can be intimidating. And that's where e-commerce companies are stepping in.

The opportunity to take small businesses online is seen as the next big e-commerce wave. Search giant Google started its 'India Get Your Business Online' project in 2011 to do the same, but didn't succeed. However, startups that have come later have figured out that an online identity without dynamic inventory management and payment gateway is not a recipe for success. These startups provide complete solutions to take brick-and-mortar retailers online.

The top 10 funded startups in the domain have raised upwards of $60 million in the last few years, according to startups ecosystem tracking platform Tracxn.

In China, there are 40 million small businesses, but only 12 million have an online presence. In India, the numbers are far worse - of the 60 million small businesses, only a million are online. "It is not a question of either being on a marketplace or having one's own website. A seller needs to have a presence across the range of platforms where the customer comes. Large marketplaces don't cater to micro merchants and in many cases the demand is local," says Reddy, adding that discovery is also an issue for small merchants on big marketplaces.

For most sellers, the idea is not to miss a single lead that comes their way. Yet, they do not want the trouble of building and managing an ecommerce store.

Shopmatic co-founder and CEO Anurag Avula says his platform takes away all these pain points. For instance, making changes to inventory or uploading photos is a matter of drag-and-drop. "We take care of design, look, user interface, user experience. The customization is at a high level; even the font will be according to the theme of that particular seller," he says.

Source: The Economic Times

Times of India

How startups are getting the corner store online


10 Apr 2016

The next wave of e-commerce in India will be driven by millions of small merchants taking their businesses online. A host of startups is helping retailers get a web presence, build their brand and make more money.

Atul Tater has been selling his apparel on Flipkart and Amazon for six months, and sees about ten garments take off every day. He pays 25-30% commission per sale to the marketplaces. Three months ago, Singapore-based e-commerce company Shopmatic approached Tater to build a website for his brand, Reevolution. He signed up quickly since it came for Rs 1,400 a month and included a Facebook page shop, an inventory management tool and a payment gateway.

"If I had set out to start my own dynamic website, it would have cost upwards of Rs 50,000," says Tater. Though he'll continue to sell on the marketplaces the idea of not having to shell out 30% commission comes as a relief to the Noida-based businessman.

For small merchants like Tater, the cost of setting up a website, managing inventory and logistics and establishing a payment gateway can be intimidating. And that's where e-commerce companies are stepping in.

The opportunity to take small businesses online is seen as the next big e-commerce wave. Search giant Google started its 'India Get Your Business Online' project in 2011 to do the same, but didn't succeed. However, startups that have come later have figured out that an online identity without dynamic inventory management and payment gateway is not a recipe for success. These startups provide complete solutions to take brick-and-mortar retailers online. The top 10 funded startups in the domain have raised upwards of $60 million in the last few years, according to startups ecosystem tracking platform Tracxn.

In China, there are 40 million small businesses, but only 12 million have an online presence. In India, the numbers are far worse -- of the 60 million small businesses, only a million are online. "It is not a question of either being on a marketplace or having one's own website. A seller needs to have a presence across the range of platforms where the customer comes. Large marketplaces don't cater to micro merchants and in many cases the demand is local," says Reddy, adding that discovery is also an issue for small merchants on big marketplaces.

For most sellers, the idea is not to miss a single lead that comes their way. Yet, they do not want the trouble of building and managing an e-commerce store.

Shopmatic co-founder and CEO Anurag Avula says his platform takes away all these pain points. For instance, making changes to inventory or uploading photos is a matter of drag-and-drop. "We take care of design, look, user interface, user experience. The customization is at a high level; even the font will be according to the theme of that particular seller," he says.

Source: Times of India

Inc42

Will Ecommerce Enabler Shopmatic’s India Bet Work?


14 Mar 2016

Mumbai-based Priya Harjai had been a web designer for 12 years, before she chose to quit her job for motherhood. But sitting idle at home wasn’t her thing. Being into design and the arts, she chose to start her own boutique, Olive by Design – an enterprise that makes exquisite jewellery boxes and gift boxes. Despite having a great line of products, her offline business couldn’t reach too many buyers. A strong online presence was perhaps missing.

But starting an ecommerce platform isn’t really a cakewalk. You have to buy a domain, get someone to design your website (if you aren’t a techie), arrange for a payment gateway, decide on your logistics and what not! Be it due to technical knowledge or financial restraints or unwillingness, a lot of us end up dropping the idea of having our own business venture. Priya also faced the same dilemma.

In December 2014, three Paypal veterans (and potential Paypal Mafia members too!)—Yen ​Ti ​Lim, Anurag Avula and Kris Chen—identified this crisis and decided to act upon it. Anurag says, “During our stint at Paypal, we met a lot of small and medium business owners, and aspiring entrepreneurs who wanted to expand or start their business by coming online but didn’t exactly know how to go about it.”

Using their combined experience of over 40 years in the payments industry, the trio launched Shopmatic, in Singapore. The focus was simple: to help entrepreneurs go online.

Priya has been using Shopmatic’s platform since October 2015 and she mentions that there has been no looking back since then.


What Is Shopmatic?

Shopmatic claims to be the only company to enable the entire ecosystem of selling online, for their customers. From developing a web store, to listing one on marketplaces and social networks, to giving insights on how to sell online, and to help fix the payment and logistics, they help a user manage everything that is required to help a business grow.

One just needs to have a decent aesthetic sense and business acumen to develop and run their own ecommerce store using Shopmatic’s SaaS platform.

CEO of Shopmatic Group, Anurag Avula, says, “India is home to more than 51 Mn small and medium businesses. Our platform can potentially help all these merchants go online and grow their businesses at a national as well as international level.”


Getting Your Business Online

Once you register on Shopmatic, you can simply start using its DIY platform to select from a set of design templates that are customised by industry segments including fashion, sports, toys, and urban living. Then you can start building your store by simply choosing different design blocks to complete each webpage. Once you design and customise your pages and content, the Shopmatic platform will ensure that your images and information are displayed consistently across all devices and channels. You will be given the option of choosing a domain name. That will be followed by the enabling of payment and shipping logistics. Anurag asserts that all these can be done in as less as 45 minutes.

Shopmatic manages all the backend integration so users can get their online storefront up and running in the simplest and most efficient way. Shopmatic will also provide the users with built-in analytics that will give valuable insights to help merchants grow their businesses. Accessible through a centralised dashboard, one can easily monitor the volume of sales on a daily, weekly, or monthly basis, and assess one’s business growth. The platform also has its Business Intelligence tools to identify customer or product segments that are churning the most revenue for a business. With these insights, one can tweak her/his inventory and pricing strategy appropriately to further boost sales.

The startup also helps merchants showcase their products and images on multiple social channels, like Facebook, Twitter, Instagram, and Pinterest as well as marketplaces, like Amazon and Ebay.

Users can view the status of their current inventory and stock levels via the dashboard. This can be customised according to their preference, and that too across multiple channels, marketplaces, and social platforms.

A merchant can choose from a range of payment options that are most relevant for their targeted customer segments and markets. These include cash-on-delivery, bank transfer, credit card, and international payments. In January 2016, Shopmatic signed a deal with online payments giant Paypal to enable its merchants to expand their global sales. The move also marked PayPal’s first tie-up with an Indian partner. The startup has also tied up with Citrus Pay.

On the logistics front, Shopmatic has strategic partnerships with local and global logistics players, like Delhivery. So you can choose the network delivery coverage and pricing option that are most relevant for your targeted audience and market.

The best part is that Shopmatic promises to guide a user throughout the entire process. So, even if a user isn’t confident enough, she/he can safely take the plunge.

Currently, the Shopmatic platform is offering only Retail mode but Business Services, Restaurant, Travel, and Hospitality modes are in the offing. In the retail mode, a user can sell stuff they make (or source), like hand-made jewellery, paintings, etc. Whereas in the business services (coming up next) mode, users, like teachers, architects, actuaries, etc., can offer their exclusive services.


Pricing Plans

The monthly fee for using Shopmatic’s software-as-a-service (SaaS) platform is $20 (approx. INR 1370), and half-yearly fee is $120 (INR 8074 approx). Both plans come with a month long free trial period. The yearly plan comes for $240 (INR 16,143 approx), along with three month’s free usage. And, in all three cases Shopmatic gives free shipping credit to the tune of INR 1000. The features remain the same in all three plans and Shopmatic claims that there is no hidden cost across all features and all plans.


Competition And Expansion

Although Shopmatic can be said to have the first-mover advantage in this segment, they are not the only ecommerce enablers currently operating in India. There are companies, like Martjack, and Buildabazaar, that are providing similar services in bits and pieces. And then there are end-to-end ecommerce enablers like Zepo and KartRocket (recently got funded), that are directly competing with Shopmatic.

In fact, Zepo has gone two steps ahead by offering their own logistics solution (ZePost) and providing merchants with personal mobile apps (on iOS and Android) for a better business experience. But, Shopmatic still has the upper hand with their reasonable one-price policy.

The company launched its Indian operations in October 2015, and has offices in Bangalore and Gurgaon. Anurag said that Shopmatic will be launched in Singapore and Hong Kong in a month’s time.


Traction And Funding

Currently, there are more than 2500 users using the platform.

In December 2015, Shopmatic had tied up with Confederation of All India Traders (CAIT) to help its merchant members digitalise their offline businesses. CAIT has around 6 crore merchants across 40,000 affiliates. Shopmatic will assist interested members in building their website as well as provide end-to-end facility to enable them sell on CAIT’s ecommerce platform eLala.biz.

Shopmatic is a bootstrapped venture but Anurag says, “We are in talks with a few VCs; for the time being we have a sustainable funding from within.”


Editor’s Note

Given the features and the highly competitive pricing of Shopmatic, the idea has a lot of potential, but it remains to be seen how far and fast Shopmatic can expand its reach in India. Some of the reasons behind this apprehension are possibly beyond Shopmatic’s scope. According to the World Bank’s 2016 Ease of Doing Business Index, India ranks a paltry 130 (out of 189 economies). Although the government has gone gung-ho about the present startup scenario in India, the lack of implementation of the Goods and Services Tax (GST), for instance, will continue to stifle the emergence of startups, especially ecommerce initiatives. Having said that, services like Shopmatic are doing their best to cut down the infernal red tape on the user’s (read: merchant) part.

A 2015 Morgan Stanley report estimated the Indian ecommerce market to grow from $11 billion in 2013, to $137 billion by 2020. Whereas, a 2015 BCG report projected the Indian retail market to touch $1 trillion by 2020. When you add these figures to the rising Internet literacy and an increasing willingness to start new business, India definitely becomes a market where Shopmatic can do magic. And, with some of the ecommerce enablers gaining traction and raising funds in 2016, it seems like this segment will see a lot of action this year.

Source: Inc42

The Economic Times Tech

Homepreneurs surf the e-commerce wave


07 Mar 2016

Priyanka Gusain, a 24-year old CS student, earns Rs 1 lakh a month. However, her job is not even remotely linked to corporate affairs. Rather, she is a a homeprenuer.

An artist by hobby, Gusain sells hand-crafted and painted shoes, jackets, scarves, wallets and clutches via her online shop: Zubiya.com.

Started in 2013 after completing her BCom, Gusain had a measly budget of Rs 50,000 to start the business, most of which went in purchasing the raw material.

Since there was no money for marketing, Gusain tried the social media route, which didn't work well.

"Facebook was okay for promotion and generated queries. For making an actual sale, I needed a site that had a proper checkout system with a reliable payment gateway ," says Gusian.

Such websites cost at least Rs 50,000 to Rs 60,000 to build, which obviously she could not afford.

This is where software as a service (SaaS) companies such as Shopmatic, KartRocket, BuildaBazaar, Shopify come in and rescue micro-entrepreneurs like Gusain.

By offering simple-to-use and reasonably priced ecommerce solutions, these firms help small home-based women entrepreneurs bring their business online and scale up.

They not only provide an inexpensive way to launch but also pluses like in-built payment options, brand-building and logistical support, all of which are critical for the success of an e-store initially.

"Having safe payment systems with options like cash-on-delivery and a good courier service that delivers on time goes a long way," says Gusain.

"On the platform we have 40% female and 60% male entrepreneurs. Of the 40%, 60% opt for the least-cost plan as their startup capital involved is less than Rs 5 lakh," says Saahil Goel, CEO, KartRocket.

The basic plans cost upwards from just Rs 1,000 and the tools take care of the entire ecosystem of selling online.


Simple and cost-effective

"There is a nominal initial set-up cost followed by a monthly fee and a per-transaction fee with rates depending on which package and the number of services the customer opts for," says Vishal Mehta, CEO, Infibeam.com, the company that runs BuildaBazaar.

The sites are pretty simple to create and use. There is practically no documentation required, and products and listings can be uploaded with a simple click on a phone photo.

"There is no coding knowledge required. In fact the backend is as simple as uploading pictures and text on Facebook," says Anurag Avula, CEO, Shopmatic.

The templates need to be kept intuitive and simple as a large number of these micro-entrepreneurs come from Tier-2 and Tier-3 towns and have no technical knowledge.

"There is a rapid growth in housewives from Tier2 and Tier-3 cities. And they are leveraging Shopmatic to create stores for selling cakes or to give tuitions," says Avula.


A package deal

These SaaS platforms also handhold you to expand business. The advantage of going with the experts is that you don't have to research about emerging trends in ecommerce.

These websites keep updating their interface as per latest trends, help you tie up with shipping partners and payment gateways for national and international sales.

They help in marketing too by featuring several optimisations that will enhance search engine rankings.These have social media plugins and help with listings on social media too.

43-year-old web designer Priya Harjai quit her 12-year-old career when her kids were born. However, she didn't want to sit idle at home. Interested in art and crafts, she started Olive by Design, a store for handmade designer wooden boxes in January, 2015.

While the offline store got 25 orders a month, queries from prospective buyers have quadrupled after she launched the e-store this January.

"I expect to be shipping 100 boxes soon," says Harjai. "We have an in-house analytics team that tracks user performance on the platform to help entrepreneurs optimise the same," says Goel of KartRocket.

Source: The Economic Times Tech

MediaNama

Budget reactions: On women entrepreneurship, tax laws, R&D & more


01 Mar 2016

Here’s looking at what Indian companies and startups have to say about Budget 2016-17:


Ecommerce companies:

– Anurag Avula, founder and CEO, Shopmatic – “.. In totality we are quite pleased with the startup and entrepreneurial announcements, specifically the Special Patent Regime proposed to power innovation and research that we believe will nurture and mentor the next wave of tech stars that will drive a successful economy.”

Source: MediaNama

The Unbiased Blog

#Budget2016 reactions – Software & Web Service Providers


01 Mar 2016

We have covered the #Budget2016 extensively for our reader from every perspective of technology player.

Before we share the Budget reactions from the Software & Web Service Providers. Have a look at what NASSCOM officials have to say about the #Budget2016.


Anurag Avula, Founder and CEO, Shopmatic

It’s great to see reforms being proposed in favour of entrepreneurs, not only in urban India but in all parts of the country. The move for forming the National SC/ST Hub with the Ministry of Micros SME to support SC/ST entrepreneurs, is heartening to see.

It's also great to see that the Special Patent Regime proposed to power innovation and research has been initiated, which further fosters the country’s creative spirit.

It takes a lot of time and effort into running and building a successful business. What is great to note is that a bill is being introduced for ease of doing business and to enable registration of companies in a day, will certainly ease the process.

In totality we are quite pleased with the startup and entrepreneurial announcements, specifically the Special Patent Regime proposed to power innovation and research that we believe will nurture and mentor the next wave of tech stars that will drive a successful economy.

Source: The Unbiased Blog

IT Voice

Post Budget Reactions


29 Feb 2016

Tax relief for low income earners who live on rent but do not get HRA -can reduce Rs 36,000 from their gross taxable income. This deduction was stuck in time and will be helpful for taxpayers in non-HRA category.

Tax relief in section 87A to those earning below Rs 5lakhs. This is only allowed to RESIDENT individual. Where Total Income Less Deductions (under Section 80) is equal to or less than Rs 5,00,000

Seems there will be a possible amendment in Section 80EE for first time home buyers – First home buyers to get addl deduction of Rs 50,000 if home loan < Rs 35lakhs and cost of house < Rs 50lakhs.

The Finance Minister has intended to give this benefit in Section 80EE to the lower income group who are purchasing their first house. Will be the much needed thrust to the housing sector in tier-2 and tier-3 cities.

Section 44AD amendments – Significant development for small enterprises and professionals such as lawyers and doctors, interior designers etc who can now relieve themselves of cumbersome account keeping and audit requirements by availing this scheme. This inclusion of professionals bound to see immense popularity. And will make the simple 3-4 page ITR-4S popular.​


SPOKESPERSON, ANURAG AVULA, FOUNDER and CEO, SHOPMATIC​​

It’s great to see reforms being proposed in favour of entrepreneurs, not only in urban India but in all parts of the country. The move for forming the National SC/ST Hub with the Ministry of Micros SME to support SC/ST entrepreneurs, is heartening to see.

It's also great to see that the Special Patent Regime proposed to power innovation and research has been initiated, which further fosters the country’s creative spirit.

It takes a lot of time and effort into running and building a successful business. What is great to note is that a bill is being introduced for ease of doing business and to enable registration of companies in a day, will certainly ease the process.​In totality we are quite pleased with the startup and entrepreneurial announcements, specifically the Special Patent Regime proposed to power innovation and research that we believe will nurture and mentor the next wave of tech stars that will drive a successful economy.​

Source: IT Voice

Bangalore News Network

Post Budget Reactions


29 Feb 2016
ANURAG AVULA, FOUNDER and CEO, SHOPMATIC​​

It’s great to see reforms being proposed in favour of entrepreneurs, not only in urban India but in all parts of the country. The move for forming the National SC/ST Hub with the Ministry of Micros SME to support SC/ST entrepreneurs, is heartening to see.

Its also great to see that the Special Patent Regime proposed to power innovation and research has been initiated, which further fosters the country’s creative spirit.

It takes a lot of time and effort into running and building a successful business. What is great to note is that a bill is being introduced for ease of doing business and to enable registration of companies in a day, will certainly ease the process. ​In totality we are quite pleased with the startup and entrepreneurial announcements, specifically the Special Patent Regime proposed to power innovation and research that we believe will nurture and mentor the next wave of tech stars that will drive a successful economy.​

Source: Bangalore News Network

This Week Bangalore

Union Budget 2016-17 Reaction


29 Feb 2016

The Union Budget for 2016-17 presented by Finance Minister is a step in the right direction towards addressing some of the key issues in India such as rural development, job creation, focus on infrastructure developments etc. Budget has also given equal importance to reforms in financial sector, tax, ease of doing business and fiscal discipline to make robust the entire business ecosystem in India.

With regards to real estate industry though there is not much to be said, but the major thrust to infrastructure and additional exemption of home loan of Rs.50,000 for first time home buyers (cost of house not to exceed Rs.50 lakh.) is a step in right direction.

It is overall a balanced budget with focus on sustainable growth of the economy.


Murali MD Shriram Properties

The union Budget this time focuses more on rural economy- more focus on increasing agricultural output. Allocation for rural development of nearly 90000 crores signify the Government’s concern for farmers and rural economy. Plan to double the farmers income by 2022 is a Welcome move.

This Budget is an excellent and encouraging one from one particular view point .There is thrust and priority for fiscal consolidation and aspiring to contain the fiscal deficit to 3.5% of GDP in 2016 .At the same time emphasis is laid on growth and development. Increasing infrastructure spending /ear marking substantial amount is a good move. This will further augur the confidence built around India.


SPOKESPERSON, ANURAG AVULA, FOUNDER and CEO, SHOPMATIC​​

It’s great to see reforms being proposed in favour of entrepreneurs, not only in urban India but in all parts of the country. The move for forming the National SC/ST Hub with the Ministry of Micros SME to support SC/ST entrepreneurs, is heartening to see. It's also great to see that the Special Patent Regime proposed to power innovation and research has been initiated, which further fosters the country’s creative spirit.

It takes a lot of time and effort into running and building a successful business. What is great to note is that a bill is being introduced for ease of doing business and to enable registration of companies in a day, will certainly ease the process.

​In totality we are quite pleased with the startup and entrepreneurial announcements, specifically the Special Patent Regime proposed to power innovation and research that we believe will nurture and mentor the next wave of tech stars that will drive a successful economy.

Source: This Week Bangalore

Digit

Union Budget 2016: Decisions and reactions


29 Feb 2016

The Union Budget 2016 was presented to the public today and while it doesn't do a lot for the consumer technology market, there are some provisions for startups and digital literacy. Here's summing it up..


Startups

With the Startup boom hitting India, Finance Minister Arun Jaitley announced that the government will update the Companies Act to ensure a conducive environment for start ups. The government plans to ease the process of registration. The government also hopes to achieve a one-day registration completion.


Industry reactions:

Commenting on the occasion, Anurag Avual, Founder and CEO, Shopmatic said, “It takes a lot of time and effort into running and building a successful business. What is great to note is that a bill is being introduced for ease of doing business and to enable registration of companies in a day, will certainly ease the process. In totality we are quite pleased with the startup and entrepreneurial announcements, specifically the Special Patent Regime proposed to power innovation and research that we believe will nurture and mentor the next wave of tech stars that will drive a successful economy.”

Source: Digit

The New Indian Express

Four Start-up Founders Straddle Work, Passion


27 Feb 2016
Off the Track

Having followed Formula One for years, CEO and founder of Shopmatic Anurag Avula registered to volunteer for race marshal when it was held in Singapore in 2008. Ever since, he has been volunteering as a senior official at the SingTel Singapore Grand Prix.

“To be a Formula One racer, you need to start young and be super fit. I am not close to fitness,” he says, giggling. “So, the next best thing was to volunteer. Around 23 different groups work without pay for the event and do not report to anyone directly. The volunteers are from different walks of life -- from high court judges to company CEOs. So you get to meet people from various backgrounds and cultures passionate about the sport.”

Source: The New Indian Express

The Asian Age

A platform to build your own website


24 Feb 2016

Bengaluru-based Shalini Subramanian is a product of the National Institute of Design, Ahmedabad and is a designer by profession selling her products in Bengaluru and Hyderabad under the label Plantation House Clothing. She said, “I was in the process of constructing a webshop for my brand Plantation House, when a colleague of mine whose design sense I trust implicitly, recommended that I use Shopmatic to do so, instead of spending on developer costs and site construction costs. I am now working with Shopmatic and finding it an incredibly easy interface. The entire back-end of enrolling with payment gateways and courier services, both at discounted rates, is all taken care of,” she said.

Shenaz Bapooji, chief marketing officer, Shopmatic, Bengaluru, said, “Shopmatic provides an online opportunity for novices like housewives, making ladoos for instance, to turn this hobby into a business. Most of them don’t know about online advantages and reach or don’t know where to start or think it's too expensive.” We did extensive work across cities, issued pamphlets etc. to reach out to them. They have a subscription model `1,300-1,400 for the entire range of services. We want to democratise the technology of selling.

As Shalini said, “The cost of maintaining the site is incredibly low. I only need to manage my inventory, and concentrate on the design and not burdened with the nitty gritty details of the backend.”

Shopmatics which is headquartered in Singapore, launched in October and opened up its platform in January 2016 has currently 2,500 customers using the platform.

They range from Harley’s Corner that sells dogfood, to FemIndian for authentic ethnic wear to Olive by Design that makes gift boxes and One Feet Farm that helps people grow mini gardens.

Shopmatics has tied up with the CAIT that gives them access to 60 million merchants across 40,000 affiliates, enabling them to target small merchants, listed on the ‘e-Lala.biz' marketplace, whilst their association with PayPal will provide a platform for businesses particularly millions of SMEs to grow their business globally, said Ms Bapooji.

Source: The Asian Age

The Economic Times Tech

PayPal appoints Guru Bhat as General Manager of Chennai technology center


03 Feb 2016

US-based PayPal, a digital payment firm, today announced Guru Bhat as the General Manager of the Chennai Technology Center in India.

Guru will be responsible for driving PayPal's technology strategy in Chennai, as the San Jose-based company builds on its next-generation payment solutions and services. Guru has 19 years of international experience in the technology sector. His most recent stint was with Ericsson India, where he headed R&D Operations.

"We strongly believe that his knowledge and commitment will be invaluable as we look to build payments for the future." said Anupam Pahuja, General Manager, Technology of PayPal APAC.

In India, PayPal works only for cross-border transactions. Recently, the company tied up with e-commerce platform solutions provider, Shopmatic, to enable its merchants to expand their sales globally. This was PayPal's first tie-up with an Indian partner.

Source: The Economic Times Tech

The Times of India

PayPal appoints Guru Bhat as general manager


03 Feb 2016

BENGALURU: US-based PayPal, a digital payment firm, today announced Guru Bhat as the General Manager of the Chennai Technology Center in India.

Guru will be responsible for driving PayPal's technology strategy in Chennai, as the San Jose-based company builds on its next-generation payment solutions and services. Guru has 19 years of international experience in the technology sector. His most recent stint was with Ericsson India, where he headed R&D Operations.

"We strongly believe that his knowledge and commitment will be invaluable as we look to build payments for the future." said Anupam Pahuja, General Manager, Technology of PayPal APAC.

In India, PayPal works only for cross-border transactions. Recently, the company tied up with e-commerce platform solutions provider, Shopmatic, to enable its merchants to expand their sales globally. This was PayPal's first tie-up with an Indian partner.

Source: The Times of India

Business Insider

Startup India’s real start to come in the way it can access funds


20 Jan 2016

As Prime Minister Narendra Modi has set the ball rolling with the announcement of his 19-point Startup action plan amid much fanfare, the move aimed at boosting employment generation and wealth creation has generated huge enthusiasm and been largely welcomed by the industry.

As India waits to see much more indigenous innovation in the days to come, here are key VCs, investors and startups reflecting on the various provisions of the Startup Action plan, and how they feel it will impact the startup industry in the recent future. Take a look:


Anurag Avula, CEO and Founder, Shopmatic:

The easing of the financial and labour norms is a fantastic initiative. It encourages new entrepreneurs and start-ups to focus on innovation without having to struggle with additional taxes etc. With progressive initiatives by the Government, India is bound to succeed in its mission to be leading the charge in being the Start Up Capital of the world. Shopmatic started with the intent of helping anyone sell online. Any progressive initiative that benefits business growth for our merchants and individual entrepreneurs, is a step in a positive direction.

Source: Business Insider

DealStreetAsia

Startup India: Modi’s promises make startups cautiously optimistic of a good 2016


18 Jan 2016

Indian prime minister Narendra Modi made several promises in his speech to an audience of startups and venture investors on Saturday. That has instilled hope that the country might become a more attractive destination for investment, at a time when funding activity has ebbed from the highs of mid-2015.

Banks might step in to fill the gap if the proposals are implemented, feels Vinod Murali, Managing Director, InnoVen Capital. But he also cautions that past attempts have not been very successful when it comes to increasing credit availability. “The government already has a credit guarantee scheme under CGTMSE which has been operational but start-ups have struggled to get through the due process with different state-owned banks to avail funds,” said Murali in an interaction with DealStreetAsia.

Part of the reason for past disappointments was that banks and the government’s proposals were not always in sync. “The key here is to educate banks well enough to support the prime minister’s vision. Start-ups require capital for growth and it is important to find appropriate partners who understand their lifecycle and aspirations,” Murali said.

InnoVen had invested in 13 startups in 2015, including participation in online grocery seller Peppertap‘s $36 million series B round. It also invested in edtech startup Toppr, food delivery player Faasos and medical tech startup Practo.

Modi promised a less complicated environment for compliance issues, which has been a major hassle for startups. That has understandably been welcomed. “The ease of opening a start-up has been simplified, can be done through a mobile app and will take a day. A shorter form shall be applicable. Earlier setting up a company required various registrations will all requiring the same set of documents such as address proof, PAN, TAN etc. This will help start-ups focus on their work and avoid unnecessary delays,” said Archit Gupta, CEO & Founder, ClearTax, a Y Combinator-backed online tax filing portal.

“Easing of the financial and labour norms is a fantastic initiative. It encourages new entrepreneurs and start-ups to focus on innovation without having to struggle with additional taxes,” said Anurag Avula, CEO and founder, Shopmatic, a Singapore-based site that helps offline businesses set up shop online. It started India operations last year.

The government’s stalled Good and Services Tax (GST) Bill might actually help startups which are older, and generating significant cashflow, than the proposal to not tax them for the first three years. “Most of the new age startups which are on the growth path will seldom be able to generate profits in the first three years,” said Ajith Karimpana, CEO and founder, Furlenco, a furniture rental startup that raised $6 million in series A funding last year from Lightbox Ventures. “Startups, like other companies, would benefit more with the GST since that has a larger impact on the bottomline and cashflow companies,” he said.

As with other promises of the government, which has been slow in the past in implementing proposals, much depends on how quickly they are put into effect this time. “The startup action plan looks promising. Now we need to wait and see how it is executed,” said Karimpana.

Source: DealStreetAsia

eMarkets Daily

PayPal Holdings, Inc. joins its forces with Indian E-Commerce Firm Shopmatic: Capital One Financial Corporation


12 Jan 2016

Shares of Digital payments company PayPal Holdings, Inc. (NASDAQ:PYPL) wrapped up Monday session on a bullish note, rising 1.07% after the company reported that it has joined its forces with ecommerce platform solutions provider Shopmatic to facilitate its merchants to grow their sales all over the globe. This is PayPal’s initial alliance with an Indian partner. The firm has been turning gradually more aggressive in the Indian market since it was divided from Ebay and registered separately previous year.


Remarks

Hamish Moline, vice president for regional merchant services and Southeast Asia at PayPal APAC, gave remarks about this move a statement that they were pleased to declare Shopmatic as their initial Indian partner to let online commerce. The promising digitization has had a robust impact on not only boosting SMEs online nationally but letting their ambitions internationally. In India, PayPal operated just for cross-border dealings, a market that the firm is growing fast.


Icing on the Cake

PayPal has made the Guinness World Records title for ‘Most money generated online for charity in 24 hours’ for its accomplishment on 2015’s Giving Tuesday. PayPal users generated above $45.8 million to charities in only 24 hours, more than twofold of the former record of $19 million.

Shares of Capital One Financial Corporation (NYSE:COF) had a robust trading session on Monday its shares rising 0.83% after an ex-Capital One Financial Corp analyst, indicted by U.S. controllers of using sales data from the credit card issuer to involve in insider trading, got on trial on Monday in federal court in Philadelphia. The civil hearing of Nan Huang follows a protest by the U.S. Securities and Exchange Commission a year back against both him and another previous Capital One worker, Bonan Huang. The SEC reported the experts, who inspected possible credit card fraud, used the firm’s non-public data to exchange shares of consumer retail firms prior to sales and earnings reports.

Source: eMarkets Daily

Business Standard

PayPal partners Shopmatic to facilitate cross-border transactions


12 Jan 2016

Digital payments company PayPal today entered into a strategic partnership with Shopmatic, an international e-commerce company that manages the entire ecosystem for online sellers.

The partnership will enable merchants of Shopmatic to expand their global footprint backed by the flexibility, convenience and security offered by PayPal.

Singapore based e-commerce company Shopmatic was incorporated in December 2014 by Anurag Avula, Yen Lim, and Kris Chen. Priced at $20 a month, it helps merchants develop their own webstore, list them on marketplaces and social channels, and also provides insights on how to sell online.

It caters to a multitude of merchants from existing customers/merchants who are selling their products and services with no online presence to existing customers/ merchants, selling their products and services offline through online marketplaces. It is focused on helping not only, the small and medium businesses and individual entrepreneurs to find their feet in the online world but also give them global exposure.

Commenting on the partnership, CEO of Shopmatic Group, Anurag Avula said, "Managing payments is one of the biggest challenges for small and medium enterprises. We are delighted to partner with PayPal to enable cross border trade for Indian sellers making it easier for merchants to accept payments from customers outside India. With the significant opportunity of over 51 million small and medium businesses, we believe that this association will provide a platform for businesses to grow their business in the global marketplace."

PayPal, which facilitates online payments for hundreds of thousands of Internet e-commerce ventures, processed 4 billion payments last year. It has 173 million active customer accounts and is available to people in 203 markets.

"We are happy to announce Shopmatic as our first Indian partner to enable online commerce. The emerging digitization has had a strong impact on not only taking SMEs online domestically but enabling their ambitions globally," said Hamish Moline, Vice President for Regional Merchant Services and Southeast Asia at PayPal APAC.

Source: Business Standard

The Times of India

PayPal ties up with Shopmatic in first Indian partnership


12 Jan 2016

MUMBAI: Digital payments firm PayPal said it tied up with e-commerce platform solutions provider Shopmatic to enable its merchants to expand their sales globally. This is PayPal's first tie-up with an Indian partner.

Shopmatic will manage online ecosystem for CAIT's partner merchants -- from helping them develop their own web store to listing them on the CAIT's online marketplace, 'eLala.biz,' and providing them with insights on how to sell online. In the first phase, the drive will begin from Delhi NCR area.

"We are happy to announce Shopmatic as our first Indian partner to enable online commerce. The emerging digitization has had a strong impact on not only taking SMEs online domestically but enabling their ambitions globally," Hamish Moline, vice president for regional merchant services and Southeast Asia at PayPal APAC, said in a statement. Shopmatic provides ecommerce solutions to merchants.

In India, PayPal works only for cross-border transactions, a market that the company is growing fast. In November, a report by PayPal showed that Indian online shoppers will spend an Rs 54,700 crores buying products from other countries, and the spend is expected to rise by more than 75% in 2016.

PayPal is also striking deals with banks to help consumers in India use their credit and debit cards to buy internationally. In May, the company announced that it had partnered with State Bank of India to enable customers to use their SBI debit cards on PayPal to make purchases on overseas websites.

Source: The Times of India

Mumbai This Week

PayPal partners with Shopmatic to facilitate cross border transactions


12 Jan 2016

PayPal, the world’s leading open digital payments company, today, entered into a strategic partnership with Shopmatic, an international ecommerce company that manages the entire ecosystem for online sellers. The partnership will enable merchants of Shopmatic to expand their global footprint backed by the flexibility, convenience and security offered by PayPal.

Shopmatic helps merchants and individuals handle everything that is required to grow their business online, from developing a webstore to listing it on marketplaces, and promoting it on social channels, along with insights on how to sell online.

PayPal facilitates online payments for hundreds of thousands of Internet e-commerce ventures, as well as traditional brick-and-mortar businesses that have an online presence. It enables merchants to accept payments faster and easier. It also provides seamless, integrated solutions to help how customers do business: online, mobile, or cross-border.

Hamish Moline, Vice President for Regional Merchant Services and Southeast Asia at PayPal APAC said: “We are happy to announce Shopmatic as our first Indian partner to enable online commerce. The emerging digitization has had a strong impact on not only taking SMEs online domestically but enabling their ambitions globally. PayPal is a pioneer in cutting edge payment solutions and we are actively pursuing opportunities for partnering with like-minded brands to offer innovative solutions targeted towards entrepreneurs who are tech-savvy and more aware.”

Commenting on the partnership, CEO of Shopmatic Group, AnuragAvula said, “Managing payments is one of the biggest challenges for small and medium enterprises. We are delighted to partner with PayPal to enable cross border trade for Indian sellers making it easier for merchants to accept payments from customers outside India. With the significant opportunity of over 51 million small and medium businesses, we believe that this association will provide a platform for businesses to grow their business in the global marketplace.“

Shopmatic caters to a multitude of merchants from existing customers/merchants who are selling their products and services with no online presence to existing customers/ merchants, selling their products and services offline through online marketplaces. It is focused on helping not only, the small and medium businesses and individual entrepreneurs to find their feet in the online world but also give them global exposure.

Source: Mumbai This Week

Your Story

Lack of GST can stifle Modi’s Startup India dream


04 Jan 2016

One only has to see the long line of trucks piled up outside a border checkpost. The borders of Mumbai, Tamil Nadu and Karnataka are a case in point for a generation waiting to see efficiency creep in to the transportation industry. Thanks to the current tax complications, a generation of new-age businesses like Flipkart, Snapdeal, Shopclues and Shopmatic will continue to be hassled by local governments to pay up unnecessary taxes to boost up State revenues. Therefore, the GST should become a reality for the Narendra Modi-led BJP government or face being ignored by the global investor community which could easily overlook India’s promises as a ‘Startup Nation’. Indian infrastructure needs a massive overhaul simply because the cost of doing business is very high because of taxes.

Source: Your Story

SME Post

36% SMEs in India yet offline. Shopmatic ready with ‘Go Digital’ plan


23 Dec 2015

Small and Medium Businesses (SMBs) will certainly be one of the big drivers of India’s growth in the coming years. As campaigns by Google and GoDaddy have shown over the years, it is not an easy job to get these smaller entities to go online, especially if those running it are not well-versed with the Internet.

Singapore-based e-commerce suite Shopmatic hopes to make the process a little easier for India’s SMEs by offering an entire ecosystem for a small business that wishes to go online. From logistics of setting up a website or online payment gateway to listing on other platforms and handling deliveries, the company does it all for an SME.

“Shopmatic provides the entire ecosystem for someone who wants to take their business online. Even payment acceptance is auto-integrated. We give our customers data insights, let them even track their shipments to customers,” says Anurag Avula, CEO and founder of the Singapore-based firm.

While the company is going a limited release version of their services till end of 2015, it plans to target 40 cities in India in 2016. The Shopmatic suite costs around $20 or Rs 1,300 per month and the company hopes to get small-scale businesses and home entrepreneurs on board.

“If you have a business, we want to create an online category, market for that,” says Avula. Shopmatic will also handle delivery for its business and has signed up Delhivery. The company will also help businesses that want to sell abroad by managing international delivery and logistics.

Avula is confident that more SMBs will sign up for a service like Shopmatic. “During our research we spoke to 400-500 home business owners. And most were interested in what we have to offer. Not a single person said ‘we’re not interested’. They want something like this,” says Shopmatic’s CEO. The initial plan is to roll out in metros and also target tier II, tier III cities like Chandigarh, Mysore, Jaipur, Lucknow, Coimbatore, etc.

Source: SME Post

The Times of India

6 crore Indian merchants to join Shopmatic platform


23 Dec 2015

Singapore-based B2B e-commerce company, Shopmatic, has tied up with the Confederation of All India Traders (CAIT), a body of traders from across the country, and will be on-boarding help its 6 crore merchants to set up operations online.

Shopmatic will manage online ecosystem for CAIT's partner merchants -- from helping them develop their own web store to listing them on the CAIT's online marketplace, 'eLala.biz,' and providing them with insights on how to sell online. In the first phase, the drive will begin from Delhi NCR area.

'eLala.biz' was launched by CAIT in a bid to empower small traders to benefit from the burgeoning e-commerce market opportunities. The apex trader's body has 60 million merchants across 40,000 affiliates, connected to it. Through this association, Shopmatic will target small merchants, to give them the opportunity to create their unique identity online and to help list them on the 'e-Lala.biz' marketplace. By leveraging Shopmatic's services, merchants with brick-and-mortar stores will now have the chance to sell their products nationally, and globally and avail the services of Shopmatic's online ecosystem at just $20 a month.

Commenting on the partnership, BC Bhartia, president of CAIT, Nagpur commented, "We look forward to Shopmatic onboarding as many merchants as possible, for them to avail this unique opportunity of being part of eLala.biz and of getting their unique online presence, as well. Global major in card payment technology MasterCard and HDFC Bank are associated with e-lala.biz in a big manner."

Anurag Avula, CEO, Shopmatic said, "We are indeed, privileged to partner CAIT in helping merchants take their businesses online. This partnership fits in well with our plans to reach out to millions of merchants in the cities and smaller towns of India. Most small businesses are afraid to take their businesses online, due to the fear of it being too complicated a process and the fear of high costs. Our platform has been created to offer the highest levels of simplicity to such merchants at the most affordable cost- $20 a month."

Shopmatic has established partnerships with international and local companies, making it very easy for its users to sell online. Shopmatic's Do-It-Yourself platform, will allow merchants to create their individual webstores, by taking care of every aspect of the online ecosystem in addition to the advantage of selling through e-Lala.biz.

Shopmatic, which was incorporated in December 2014, was founded by Avula, Yen Lim and Kris Chen as an international e-commerce platform, launched with the intent of helping anyone wishing to sell online. It also has offices in Gurgaon and Bengaluru.

Source: The Times of India

The Economic Times

Shopmatic partners CAIT to bring its members on eLala platform


23 Dec 2015

Singapore-based IT company Shopmatic has signed an agreement with Indian traders body CAIT to digitalise business of the latter's members and connect them with e-commerce platform eLala.biz at a monthly charge of USD 20 (about Rs 1300).

"We are indeed privileged to partner CAIT in helping merchants take their businesses online. Our platform has been created to offer simplicity to such merchants at affordable cost - USD 20 a month," Shopmatic CEO Anurag Avula said in a statement.

Confederation of All India Traders (CAIT) has around 6 crore merchants across 40,000 affiliates, it added.

"E-commerce is an emerging and promising business of the future and this alliance with Shopmatic will give our merchants the opportunity to create an international e-commerce experience at a price that is very affordable," CAIT National Secretary General Praveen Khandelwal said.

Shopmatic will help interested members of CAIT to build their website as well as provide end-to-end facility to enable them sell on CAIT's e-commerce platform eLala.biz.

In the first phase, the drive will begin from Delhi-NCR. "For next year, we are planning to have 1 million and then in phases we will have other merchants from tier II and III cities as well," Avula said.

Source: The Economic Times

Yahoo

Shopmatic, the e-commerce company that wants to help India’s SMEs go digital


23 Dec 2015

Small and Medium Businesses (SMBs) will certainly be one of the big drivers of India’s growth in the coming years. As campaigns by Google and GoDaddy have shown over the years, it is not an easy job to get these smaller entities to go online, especially if those running it are not well-versed with the Internet.

Singapore-based e-commerce suite Shopmatic hopes to make the process a little easier for India’s SMEs by offering an entire ecosystem for a small business that wishes to go online. From logistics of setting up a website or online payment gateway to listing on other platforms and handling deliveries, the company does it all for an SME.

“Shopmatic provides the entire ecosystem for someone who wants to take their business online. Even payment acceptance is auto-integrated. We give our customers data insights, let them even track their shipments to customers,” says Anurag Avula, CEO and founder of the Singapore-based firm.

While the company is going a limited release version of their services till end of 2015, it plans to target 40 cities in India in 2016. The Shopmatic suite costs around $20 or Rs 1,300 per month and the company hopes to get small-scale businesses and home entrepreneurs on board.

“If you have a business, we want to create an online category, market for that,” says Avula. Shopmatic will also handle delivery for its business and has signed up Delhivery. The company will also help businesses that want to sell abroad by managing international delivery and logistics.

Avula is confident that more SMBs will sign up for a service like Shopmatic. “During our research we spoke to 400-500 home business owners. And most were interested in what we have to offer. Not a single person said ‘we’re not interested’. They want something like this,” says Shopmatic’s CEO. The initial plan is to roll out in metros and also target tier II, tier III cities like Chandigarh, Mysore, Jaipur, Lucknow, Coimbatore, etc.

Avula admits that it won’t be an entirely Do-It-Yourself process with most business and that there will be some hand-holding from their part. “We will have e-commerce consultants who will walk these home business owners through the process. We have to make them understand how easy it is to go online, but educating them about it will also be a part of the process,” add Avula.

For Indian SMBs, not going digital is no longer an option. This July, a Google and Deloitte report had said that in India a massive 36 per cent small and medium businesses (SMBs) in India are still offline with just about 10 per cent of them near an “Advanced Digital” adoption stage. The report said going digital could help these businesses increase revenue and will also help create new jobs in the economy. Deloitte and Google found that businesses that operate totally offline saw an annual 8 per cent fall in revenue.

Even Google has stepped up its enterprise game in India and recently announced free cloud credits for $20,000 worth free credits in Cloud Services for the period of one year to 1000 startups.

Source: Yahoo

India Info Line

Shopmatic signs MoU with Confederation of All India Traders to onboard Indian merchants


23 Dec 2015

Shopmatic will manage online ecosystem for CAIT's partner merchants - right from helping them develop their own webstore to listing them on the eLala.biz marketplace to providing them with insights on how to sell online.

Shopmatic, a Singapore-based e-commerce company providing the entire ecosystem for any merchant to sell online, has joined hands with the Confederation of All India Traders (CAIT), a body of traders from across the country, by signing an MoU.

Shopmatic will manage online ecosystem for CAIT's partner merchants - right from helping them develop their own webstore to listing them on the eLala.biz marketplace to providing them with insights on how to sell online. In the first phase, the drive will begin from Delhi NCR area.

‘eLala.biz' was launched by CAIT in a bid to empower small traders to benefit from the burgeoning e-commerce market opportunities. The apex trader's body has 60 million merchants across 40,000 affiliates, connected to it. Through this association, Shopmatic will target small merchants, to give them the opportunity to create their unique identity online and to help list them on the ‘e-Lala.biz' marketplace. By leveraging Shopmatic's services, merchants with brick-and-mortar stores will now have the chance to sell their products not only nationally, but globally as well, and avail the services of Shopmatic’sonline ecosystem at just 20 USD a month.

Commenting on the partnership, Mr. B.C. Bhartia, President of CAIT, Nagpur commented, “We are confident that our partnership with Shopmatic will bring utmost value to all members of our Association. We look forward to Shopmatic onboarding as many merchants as possible, for them to avail this unique opportunity of being part of eLala.biz and of getting their unique online presence, as well.Global major in card payment technology MasterCard and lead Bank HDFC Bank are associated with e-lala.biz in a big manner.”

Praveen Khandelwal, National Secretary General, CAIT said, “E Commerce is an emerging and promising business of the future and this alliance with Shopmatic, will give our merchants the opportunity to create an international ecommerce experience at a price that is very affordable. He also said that CAIT is extensively working on upgradation & modernisation of Indian traders and promoting them to embrace technology. The CAIT is already parterning with MasterCard for promoting cashless economy in India in line with Digital India program of Central Government ”

Mr Anurag Avula, CEO, Shopmatic said, "We are indeed, privileged to partner CAIT in helping merchants take their businesses online. This partnership fits in well with our plans to reach out to millions of merchants in the cities and smaller towns of India. Most small businesses are afraid to take their businesses online, due to the fear ofit being too complicated a process and the fear of high costs. Our platform has been created to offer the highest levels of simplicity to such merchants at the most affordable cost- 20 USD a month.”

Shopmatic has established partnerships with international and local companies, making it very easy for its users to sell online. Shopmatic’s Do-It-Yourself platform, will allow merchants to create their individual webstores, by taking care of every aspect of the online ecosystem in addition to the advantage of selling through e-Lala.biz. In every way, it’s a win-win situation for any merchant wanting to grow his business, beyond the brick and mortar model.

Source: India Info Line

Indian Express

Shopmatic, the e-commerce company that wants to help India’s SMEs go digital


23 Dec 2015

Shopmatic hopes to make the process a little easier for India’s SMEs by offering an entire ecosystem for a small business that wishes to go online

Small and Medium Businesses (SMBs) will certainly be one of the big drivers of India’s growth in the coming years. As campaigns by Google and GoDaddy have shown over the years, it is not an easy job to get these smaller entities to go online, especially if those running it are not well-versed with the Internet.

Singapore-based e-commerce suite Shopmatic hopes to make the process a little easier for India’s SMEs by offering an entire ecosystem for a small business that wishes to go online. From logistics of setting up a website or online payment gateway to listing on other platforms and handling deliveries, the company does it all for an SME.

“Shopmatic provides the entire ecosystem for someone who wants to take their business online. Even payment acceptance is auto-integrated. We give our customers data insights, let them even track their shipments to customers,” says Anurag Avula, CEO and founder of the Singapore-based firm.

While the company is going a limited release version of their services till end of 2015, it plans to target 40 cities in India in 2016. The Shopmatic suite costs around $20 or Rs 1,300 per month and the company hopes to get small-scale businesses and home entrepreneurs on board.

“If you have a business, we want to create an online category, market for that,” says Avula. Shopmatic will also handle delivery for its business and has signed up Delhivery. The company will also help businesses that want to sell abroad by managing international delivery and logistics.

“If you have a business, we want to create an online category, market for that,” says Avula. Shopmatic will also handle delivery for its business and has signed up Delhivery. The company will also help businesses that want to sell abroad by managing international delivery and logistics.

“If you have a business, we want to create an online category, market for that,” says Avula. Shopmatic will also handle delivery for its business and has signed up Delhivery. The company will also help businesses that want to sell abroad by managing international delivery and logistics.

For Indian SMBs, not going digital is no longer an option. This July, a Google and Deloitte report had said that in India a massive 36 per cent small and medium businesses (SMBs) in India are still offline with just about 10 per cent of them near an “Advanced Digital” adoption stage. The report said going digital could help these businesses increase revenue and will also help create new jobs in the economy. Deloitte and Google found that businesses that operate totally offline saw an annual 8 per cent fall in revenue.

Even Google has stepped up its enterprise game in India and recently announced free cloud credits for $20,000 worth free credits in Cloud Services for the period of one year to 1000 startups.

Source: Indian Express

India Today

Shopmatic partners CAIT to bring its members on eLala platform


23 Dec 2015

New Delhi, Dec 22 (PTI) Singapore-based IT company Shopmatic has signed an agreement with Indian traders body CAIT to digitalise business of the latters members and connect them with e-commerce platform eLala.biz at a monthly charge of USD 20 (about Rs 130).

"We are indeed privileged to partner CAIT in helping merchants take their businesses online. Our platform has been created to offer simplicity to such merchants at affordable cost - USD 20 a month," Shopmatic CEO Anurag Avula said in a statement.

Confederation of All India Traders (CAIT) has around 6 crore merchants across 40,000 affiliates, it added.

"E-commerce is an emerging and promising business of the future and this alliance with Shopmatic will give our merchants the opportunity to create an international e-commerce experience at a price that is very affordable," CAIT National Secretary General Praveen Khandelwal said.

Shopmatic will help interested members of CAIT to build their website as well as provide end-to-end facility to enable them sell on CAITs e-commerce platform eLala.biz.

In the first phase, the drive will begin from Delhi-NCR.

"For next year, we are planning to have 1 million and then in phases we will have other merchants from tier II and III cities as well," Avula said. PTI PRS PRB STS

Source: India Today

Business Standard

Shopmatic partners CAIT to bring its members on eLala platform


23 Dec 2015

Singapore-based IT company Shopmatic has signed an agreement with Indian traders body CAIT to digitalise business of the latter's members and connect them with e-commerce platform eLala.Biz at a monthly charge of USD 20 (about Rs 1300).

"We are indeed privileged to partner CAIT in helping merchants take their businesses online. Our platform has been created to offer simplicity to such merchants at affordable cost - USD 20 a month," Shopmatic CEO Anurag Avula said in a statement.

Confederation of All India Traders (CAIT) has around 6 crore merchants across 40,000 affiliates, it added.

"E-commerce is an emerging and promising business of the future and this alliance with Shopmatic will give our merchants the opportunity to create an international e-commerce experience at a price that is very affordable," CAIT National Secretary General Praveen Khandelwal said.

Shopmatic will help interested members of CAIT to build their website as well as provide end-to-end facility to enable them sell on CAIT's e-commerce platform eLala.Biz.

In the first phase, the drive will begin from Delhi-NCR. "For next year, we are planning to have 1 million and then in phases we will have other merchants from tier II and III cities as well," Avula said.

Source: Business Standard

Newz Asia

Shopmatic, the e-commerce company that wants to help India’s SMEs go digital


23 Dec 2015

Singapore-based e-commerce suite Shopmatic hopes to make the process a little easier for India’s SMEs by offering an entire ecosystem for a small business that wishes to go online.

Small and Medium Businesses (SMBs) will certainly be one of the big drivers of India’s growth in the coming years. As campaigns by Google and GoDaddy have shown over the years, it is not an easy job to get these smaller entities to go online, especially if those running it are not well-versed with the Internet.

Singapore-based e-commerce suite Shopmatic hopes to make the process a little easier for India’s SMEs by offering an entire ecosystem for a small business that wishes to go online. From logistics of setting up a website or online payment gateway to listing on other platforms and handling deliveries, the company does it all for an SME.

“Shopmatic provides the entire ecosystem for someone who wants to take their business online. Even payment acceptance is auto-integrated. We give our customers data insights, let them even track their shipments to customers,” says Anurag Avula, CEO and founder of the Singapore-based firm.

While the company is going a limited release version of their services till end of 2015, it plans to target 40 cities in India in 2016. The Shopmatic suite costs around $ 20 or Rs 1,300 per month and the company hopes to get small-scale businesses and home entrepreneurs on board.

“If you have a business, we want to create an online category, market for that,” says Avula. Shopmatic will also handle delivery for its business and has signed up Delhivery. The company will also help businesses that want to sell abroad by managing international delivery and logistics.

Avula is confident that more SMBs will sign up for a service like Shopmatic. “During our research we spoke to 400-500 home business owners. And most were interested in what we have to offer. Not a single person said ‘we’re not interested’. They want something like this,” says Shopmatic’s CEO. The initial plan is to roll out in metros and also target tier II, tier III cities like Chandigarh, Mysore, Jaipur, Lucknow, Coimbatore, etc.

Avula admits that it won’t be an entirely Do-It-Yourself process with most business and that there will be some hand-holding from their part. “We will have e-commerce consultants who will walk these home business owners through the process. We have to make them understand how easy it is to go online, but educating them about it will also be a part of the process,” add Avula.

For Indian SMBs, not going digital is no longer an option. This July, a Google and Deloitte report had said that in India a massive 36 per cent small and medium businesses (SMBs) in India are still offline with just about 10 per cent of them near an “Advanced Digital” adoption stage. The report said going digital could help these businesses increase revenue and will also help create new jobs in the economy. Deloitte and Google found that businesses that operate totally offline saw an annual 8 per cent fall in revenue.

Even Google has stepped up its enterprise game in India and recently announced free cloud credits for $ 20,000 worth free credits in Cloud Services for the period of one year to 1000 startups.

Source: Newz Asia

Digital News World

Shopmatic, the e-commerce company that wants to help India’s SMEs go digital


23 Dec 2015

Shopmatic hopes to make the process a little easier for India’s SMEs by offering an entire ecosystem for a small business that wishes to go online

Source: Digital News World

DealStreetAsia

We are making it extremely affordable for small businesses to go online: Shopmatic


09 Nov 2015

In India, millions of businesses in smaller towns are still wary of online selling — although many have joined the bandwagon through marketplaces like Flipkart and Snapdeal — and are apprehensive about the costs involved.Singapore-based Shopmatic helps these businesses and entrepreneurs to sell online.

Shopmatic helps them develop their own web stores — complete with a user-friendly interface — listing them on a marketplace and social channels. It also advises them on the ways to get a better sales response online for a monthly fee of $20.

The portal competes with players like Shopo and Shopify in India.

DEALSTREETASIA spoke to Anurag Avula, CEO & co-founder,Shopmatic, about existing competition from similar players and online marketplaces, working with people who are conversant with offline presence and apprehensive about coming online, and the startup’s plans of expanding to more Asian countries and raising more investment.

Edited Excerpts:

Tell us the challenges of trying to move a traditional offline business, to signing up with you for an online presence? How do you pitch to a traditional seller, who has been doing well offline for decades, to work with you?

Through time, established businesses have been habituated to doing business in a particular way- and have been drawing comfort from the brick and mortar environments (offline) that they have created. All of a sudden, their comfort world has changed- and they can see, that there is possibly another new way to do business- the online world. They are also beginning to see that their business is getting impacted as more and more customers are shopping online.

They are probably hesitant to move quickly enough to this new world, because of the fear of the unknown. Some think that it is complicated and don’t understand it and there’s also the fear of costs attached – they think that they are being fleeced or have to incur very high costs for adoption to the online world.

We are trying to address both of these challenges by democratising technology, as it were, and making it not only easy for people to avail of the opportunity to sell online but also, by making it extremely affordable. We are encouraging small and medium businesses and entrepreneurs alike, to tap the online world as an additional channel through which they can grow their business. There is no denying that there are larger opportunities of taking their business online – by way of better growth, newer customers and cross-border opportunities for doing business.

How big is the business you are looking at? In other words, what is the kind of business — in terms of revenue and number of subscribers you expect to sign up — do you expect in the first year of operations?

The size of the business opportunity is huge. We are looking at the market opportunity through 3 audience segments: There are existing small and medium sized businesses that are selling their products but are not online. Then there are existing small and medium sized businesses that are selling their products offline, with a minimal presence online or selling through marketplaces. And there is this big opportunity that sits with Individual entrepreneurs who are yet to realise the potential of doing business online.

If we just look at India, there are over 51 million small and medium businesses in the country and a significant base of untapped individual entrepreneurs. We believe that we are well-poised to onboard 1 million customers by end 2016.

Why would a startup go for your services instead of listing on a Flipkart or Amazon, where he is likely to get more sales because of the huge popularity of such sites?

Shopmatic is the only company to enable the entire ecosystem of selling online for our customers. We are giving our customers the advantage of building their own identity online as well as giving them the opportunity to sell through marketplaces/ social channels. In our model, there is no ‘either’, ‘or’ situation. People can do both: sell under their own name and sell through marketplaces/ social channels. We also have built a mechanism of giving merchants insights on how they can better sell their products/ services.

You’ve started from India. Which cities are you present in, and how many employees do you have? Any plans to expand to other Asian countries in the next six months?

Yes, our limited release launch is underway and we will be opening up our site to everyone in India, by mid-November 2015. We are launching in 18 cities in India, to start with. In parallel, we will launch in other Asian countries like Singapore, Hong Kong & Malaysia by the end of the year.

In 2016, we will roll out to other regions such as the Middle-East, Africa and Australia. Our head office is in Singapore and at the moment, we have offices in Gurgaon and Bangalore, in India. Other than our core team and e-commerce consultants we also have feet–on-street consultants signing up merchants.

Please explain your business model, including the monthly subscription charges, and services you provide. Since the value of what your client pays remains fixed, you must be expecting that average costs will remain lower than the revenue you will generate. How will that happen?

Ours is a subscription based model. We have no hidden costs and are charging $20 month for enabling the entire online ecosystem for our customers. You get three months free if you sign up for our 12-month plan and a month free with our six-month plan. And all our subscribers get the first month as a free trial period. We are also giving Rs 1000 towards shipping charges, for anyone signing up for our 6-month and 12-month packages. We don’t charge any additional fees per sale made by the customer. Ours is a SaaS (software as a service) model and average operating costs will come down with our growth in customers.

When do you plan to raise the next round of funding?

We will look at significant investments, given the potential of the Indian/other markets, and investors are in talks with us to invest in our growth strategy. Right now, we are privately funded with our angel investors from across the globe.

Source: DealStreetAsia

The Economic Times

Online-selling services solution Shopmatic launches its services


14 Oct 2015

Shopmatic, an e-commerce company that aims to make online selling easy for individuals and small businesses, has launched its operations in India.

The Indian e-commerce industry will be a $22 billion by the end of 2015, as estimated by a recent study done by consulting firm PwC and Singapore-based Shopmatic looks forward to tap this market, from the supply side.

Started about a year ago by Anurag Avula, Yen Lim and Kris Chen, who have worked for years in the e-commerce and payments space, the company intends to take care of all the online selling needs for its customers.

Founder and Chief Executive Officer, Anurag Avula, said "Our proposition is that anyone can sell online... including individual sellers who have an idea, a hobby and who want to try out new ways of doing business and small and medium businesses who are online, but have a broken value chain. We will provide them an entire ecosystem for selling online."

These services, available for a fixed cost of $20, $120 and $240 for a month, six months and a year respectively, start with the setting up of a website - a customer can choose to sell through their website, through existing marketplaces or even through their social media page.

In addition to a centralized dashboard that keeps a track of inventory, every seller gets data on the volume of sales through every platform, trends and insights on how to improve business.

Shopmatic has also partnered with logistics-provider Delhivery for shipping and with payments companies to enable flexible payment-options and shorter payment cycles of 5-7 days.

Bengaluru-based online seller, Gurudatt Nadiger, believes that this model shows promise. "Something as basic as packing and product description could be a problem. If a company takes these difficulties out of the way, and convinces a seller about the prospects of selling online, it will be very helpful."

The privately-funded company intends to expand its services to Singapore, Malaysia and Hong Kong by the end of the year.

Source: The Economic Times

The Times of India

Singapore-based Shopmatic
launches in India


13 Oct 2015

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.

Source: The Times of India

Business Standard

Singapore-based online retailer Shopmatic launches operations in India


28 Oct 2015

With online retailing being bullish in India, Singapore-headquartered Shopmatic, which helps entrepreneurs to sell online, has launched its operations in the country.

The company helps manage anyone who wants to sell online tackle the entire process - from enabling them develop their own webstore to listing them on marketplaces and social channels to helping them with insights on how to sell online, all at $20 (about Rs 1,300) per month.

Shopmatic was incepted in December 2014 and has offices in Gurgaon and Bengaluru. India is its first market and looks to soon expand to other markets, including West Asia, Africa and Australia. It has established partnerships with international and local companies helping sellers to even sell on international markets.

"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," said Anurag Avula, chief executive officer of Shopmatic Group. "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."

Other similar players in the segment include Snapdeal's Shopo, the mobile application-based online platform that enables anyone to sell online and Shopify, an e-commerce website solution that allows one to sell online by creating an online store.

Source: Business Standard

VC Circle

Singapore’s Shopmatic wants more Indian merchants to sell online


15 Oct 2015

Singapore’s Shopmatic, which helps merchants to sell online through its ‘do-it-yourself’ (DIY) platform, has ventured into India. Shopmatic, owned and operated by Shopmatic Solutions Pvt Ltd, said India is its first international market.

The company has opened offices in Gurgaon and Bangalore where a 20-member team is taking on board about 100 pre-listed customers.

The launch is supported by angel investment of $1.5 million from undisclosed investors from India, the US and Singapore, Shopmatic CEO Anurag Avula said. The company’s three founders – Avula, Yen Lim and Kris Chen – also participated in this funding round.

“The idea was to simplify the technological processes to help SMEs and individual entrepreneurs easily adapt to online commerce. If you are able to operate Facebook and upload images on this, you should be able to use our platform – it’s as simple as that,” Avula said.

Through its DIY platform, Shopmatic allows merchants to create a web presence with storefronts. It helps merchants to list products on marketplaces or social media platforms and enables integration with payment gateways.

The company has tie-ups with e-commerce logistics firm Delhivery and global transportation major Aramex for delivery. Shopmatic projects pricing as its USP with subscription beginning at $20 (Rs 1,300) a month, excluding payment gateway fees and logistics.

he company will unveil marketing initiatives in 18 Indian cities over the next two months to meet its ambitious target of acquiring one million customers by the end of next year.

Formed in 2014, the company hopes to be operationally positive within seven to eight months. After India, it plans to enter other markets in Southeast Asia as well as the Middle East and Africa, Avula said.

Canadian-based Shopify is the global leader in the DIY e-commerce segment. It was listed on the New York and Toronto stock exchanges earlier this year. Shopify ventured into the Indian market in partnership with SingTel in 2013. Bharti Airtel, in which SingTel is a shareholder, entered into a tie-up with Shopify to offer the latter’s platform to its small office/home office (SOHO) and SME customers.

Shopmatic would also compete with a host of home-grown platforms such as KartRocket, Zepo, and PowerStores, all of whom have raised funding over the past two years.

Other players that offer similar DIY platforms are ecomnation.in (formerly known as 39shops.com), Infibeam’s BuildaBazaar, Twikster, bigcommerce.com and MartJack. Besides, online payment company PayU India had launched PayUPaisa, a web-based product that enables small- and medium-sized sellers to put their stores online in minutes.

Shopmatic’ founders are payment industry veterans who worked at PayPal before. In his most recent role, Avula was senior director for merchant sales, strategy and operations at PayPal Asia-Pacific. Lim was PayPal’s Asia-Pacific head of enterprise relationship and sales excellence. Chen was PayPal’s Asia-Pacific head of small and medium business and channel partners.

Source: VC Circle

Iam Wire

Singapore’s Shopmatic wants more Indian merchants to sell online


14 Oct 2015

Shopmatic, a Singapore based eCommerce SaaS company, has launched its operations in India with the intent of helping offline businesses succeed in selling online.

The company caters to a multitude of merchants who are selling their products and services with no online presence or minimal online presence and also caters to individual entrepreneurs who intend to sell online. The services of the company can be availed at a monthly subscription fee. The company also claims to give one month free trial.

Founded in December 2014 by Anurag Avula, Yen ​Ti ​Lim and Kris Chen, the company is based out of Singapore and has offices in Gurgaon and Bangalore. It decided to make India as its first international launch market and also plans to roll out to other markets in Asia, the Middle East, Africa and Australia, subsequently.

Commenting on this, CEO of Shopmatic Group, Anurag Avula said, “We believe we have the opportunity to change the lives of individual entrepreneurs and small businesses by providing them a platform to grow their businesses and to fulfill their aspirations. There are over 51 million small and medium businesses in the country, and a significant base of untapped individual entrepreneurs.”

The company has also established partnerships with international and local companies logistics providers, whose service can be availed by the client to fulfill the delivery orders, thereby making it easy to sell online. It also provides an organized dashboard which provides management tools with data insights and inventory management for the business.

Further, the company guides individual entrepreneurs as to how to manage everything that is required to let their business grow, including exposing them to international markets with the help of their global footprint.

The company is competing with players like Shopify, Zepo, PowerStores, Buildabazaar, KartRocket, iQecommerce, NetSuite, Bigcommerce, Volusion, etc. As it is difficult for SME’s to establish their online platforms owing to restricting economic factors, these SaaS platforms comes in handy for fulfilling their infrastructure deficit. As per a Gartner report, Indian eCommerce will reach $6 billion in 2015, which will be a 70 percent increase over 2014 revenue of $3.5 billion according to Gartner, Inc.

These SaaS services will help offline businesses to come online. What will be interesting to note, how this sector helps offline businesses gain an online recognition among already the established ones.

Source: Iam Wire

Inc42

Singapore Based Ecommerce Company Shopmatic Enters India To Tap 51 Mn SME And Individual Businesses


13 Oct 2015

Singapore-based Shopmatic, an international ecommerce company, has launched its operations in India.

Shopmatic has decided to make India its first international launch market with office in Gurgaon and Bangalore. Subsequently, it plans to enter other markets of Asia, Middle East, Africa and Australia.

Incorporated in December 2014 by Anurag Avula, Yen Ti Lim and Kris Chen, Shopmatic is an international ecommerce company, launched with an intent to manage the entire ecosystem of taking users’ business online.

Shopmatic helps merchants and individuals handle everything that is required for them to grow their business online, right from developing webstore to listing it on marketplaces, and promoting it on social channels, along with helping with insights on how to sell online.

The company caters to a multitude of merchants who are selling their products and services with no online presence or minimal online presence and also caters to Individual Entrepreneurs who intend to sell online.

Anurag Avula, CEO of Shopmatic Group, said, “We believe we have the opportunity to change the lives of Individual Entrepreneurs and small businesses by providing them a platform to grow their businesses and to fulfill their aspirations. India has the unique advantage of addressing their needs on a larger scale. There are over 51 Mn 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, offer them an international ecommerce experience at a price point that is very affordable.”

Earlier this month, the group had also appointed Ogilvy and Mather’s Shenaz Bapooji as Chief Marketing Officer.

Shopmatic has established partnerships with international and local companies, making it very easy for customers to sell online. The company also offers exposure to international markets with the help of their global footprint.

Shopmatic’s Limited Release edition is currently, available at their website to selected merchants and will be available to all by November this year.

Source: Inc42

FirstPost

Eyeing India's 51 mln small-sized cos, Singapore's Shopmatic plans to disrupt online market on the supply side


20 Oct 2015

Shopmatic, a Singapore-based do-it-yourself platform for those interested in doing business online launched in the first week of October, has signed up 100 companies so far.

The firm has its sights on existing small and medium sized businesses that do not have an online presence, those with minimal presence or are selling through marketplaces.

“There is a 51 million base of Small and Medium businesses in the country with a very little percentage with their own urls. There is another huge and wholly untapped segment, that is represented by individual entrepreneurs who all of us know,” says Avula, outlining the firm’s strategy which is to disrupt the market from the supply side.

The biggest gaps, according to Avula is the lack of sophisticated offerings in the market, high costs attached to selling online and the complication that the online e-commerce world presents to customers.

How it works

The company helps manage the entire ecosystem for by helping the interested businesses develop its own unique web store, listing them on marketplaces and social channels and give insights on how to sell online. All this comes at a monthly subscription fee of USD 20. The firm is optimistic that they can get one million customers on board its platform in a year’s time.

Other markets

India is Shopmatic’s first international venture where it will launch its operation in 18 cities. The sheer numbers in India are huge, informs Avula, adding, that Shopmatic does not want to limit itself to India, but extend to other countries as well like Hong Kong, Malaysia, Taiwan, the Middle East, Africa and Australia. It plans to launch in other Asian countries by the end of the year and extend operation to the Middle East, Africa and Australia by 2016.

Source: FirstPost

YourStory

Singapore-based Shopmatic starts operations in India to build online presence for individual entrepreneurs and small businesses


30 Oct 2015

Founded in December 2014 by Anurag Avula, Yen Ti Lim, and Kris Chen, Shopmatic caters to a multitude of merchants and individual entrepreneurs who are selling their products and services with minimal online presence or none at all. The startup is based out of Singapore and has recently launched its operations in India with its offices in Gurgaon and Bengaluru.

Through its DIY platform, Shopmatic allows merchants to create a web presence with storefronts, list products on marketplaces or social media platforms and enables integration with payment gateways. The company widens the reach of products by listing the offline sellers on marketplaces such as Amazon, eBay, Flipkart, Lazada, Qoo10, Rakuten and Zalora. The company has also tied up with e-commerce logistics firm Delhivery and global transportation major Aramex for delivery.

Shopmatic automatically tweaks product categories to meet the required specifications of the various marketplaces. One needs to only upload the product details once on the Shopmatic platform and all product images and information will be displayed correctly, regardless of which marketplace they are listed on.

Once you upload your product on Shopmatic, the information gets visible on various social platforms. And if anyone updates the product details, the changes will be automatically reflected across different social media sites.

Anurag Avula, CEO, Shopmatic says, “Shopmatic projects pricing as its USP with subscription beginning at $20 (Rs 1,300) a month, excluding payment gateway fees and logistics. One can choose from a range of payment options that are most relevant for your targeted customer segments and markets. These include cash-on-delivery, bank transfer, credit card and international payments.”

All the plans come with a one-month free trial period. Besides, the startup also offers Rs 1,000 shipping charges for anyone signing up for six-month and 12-month packages.

Leveraging data insights to boost sales

Shopmatic account includes built-in analytics that provide valuable insights to help grow one’s business. And with the help of dashboard, one can easily monitor the volume of the sales on a daily, weekly or monthly basis, and assess business growth.

Shopmatic’s Business Intelligence tools identify customer or product segments that generate significant amount of revenue for business. With these data insights, one can tweak inventory and pricing strategy to further boost sales.The tool converts the data into charts and other visual formats allowing users to view and analyse the data on a customised dashboard to identify shopping trends and drive sales.

Data insights which ascertain seasonal demand and repeat customers enable users to offer special rewards to enhance customer experience, improve seasons having low sales and optimise inventory to meet periodic spikes in orders. Besides, all the websites built by Shopmatic are search engine optimised resulting to gain more visibility on search results.

Anurag says, “Shopmatic leverages the latest technology to provide a world-class experience to our customers. This gives the customer the ability to drag and drop product images, upload as many products as possible and provide a seamless integration with payment gateways and logistics.”

How Shopmatic is different from other marketplaces

According to Anurag, Shopmatic is different from other marketplaces as it gives sellers their own unique identity on the web and opensall avenues to them through which they can sell.

Within one week of the launch of India operations, Shopmatic has signed up with 100 customers and is poised to on-board one million customers by end of 2016.

Anurag says, “We believe that we have the opportunity to change the lives of individual entrepreneurs and small businesses by providing them a platform to grow their businesses and fulfill their aspirations. 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 among them there is a significant base of untapped individual entrepreneurs.”

Apart from Bengaluru and Gurgaon, the startup plans to launch its operation in 18 cities across India. By 2016, it will roll out to other regions like Middle East, Africa and Australia. In order to ensure customers avail offerings without any hassles, the website Shopmatic will be launched in multiple languages.

Source: YourStory

IBEF

Singapore-based Shopmatic launches in India


14 Oct 2015

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.

Source: IBEF

India Infoline

Shopmatic launches operations in India and other Top Retail News of the day


29 Oct 2015

With online retailing being bullish in India, Singapore-headquartered Shopmatic, which helps entrepreneurs to sell online, has launched its operations in the country. The company helps manage anyone who wants to sell online tackle the entire process - from enabling them develop their own webstore to listing them on marketplaces and social channels to helping them with insights on how to sell online, all at $20 (about Rs. 1,300) per month

The sellers on Amazon are seeing 8-10 fold growth during the festive sales compared to their daily sales according to Gopal Pillai, Director and GM, Seller Services, Amazon India. "Some sellers are even witnessing 20x growth. The Great Indian Festive Sale has seen 2-fold growth in terms of customers and units compared to Great Indian Freedom Sale and 4x growth compared to last Diwali," he said. Pillai was speaking to ET on his one-day visit to Chennai.

Chinese ecommerce company Alibaba posted revenues of $3.49 billion for the quarter ended September 2015, representing a year-on-year growth of 32% . The company also said that the gross merchandise value (GMV) of transactions was $112 billion showing a growth of 28%. Some of the trends we observed during the results also mirror the situation of ecommerce players in India.

Jabong needs to revive brand, increase discounts, improve its social commerce offering, and launch exclusive brands to claw back market share to rivals, such as Flipkart-Myntra and Amazon India. That’s a handful, especially given the deep pockets of its rivals and the lead that they have established over Jabong in the past year or so.

“People are turning Diwali into a reckless celebration of throwing away $100 to earn $70; they are chasing vanity sales numbers to maximize the next fundraise,” says Vijay Shekhar Sharma, founder and chairman of One97 Communications, which runs the Paytm retail platform and digital wallet.

Online marketplace Shopclues.com, which aims to be the fourth ecommerce firm in the country to reach $1 billion in annualised gross merchandise value (GMV), said it added 50,000 new merchants on its platform in October owing to the ongoing festive sales.

Source: India Infoline

Computer World

Shopmatic launches operations in India and other Top Retail News of the day


19 Oct 2015

Shopmatic 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.

Shopmatic, an international e-commerce company launches its operations in India with the intent of helping anyone succeed in selling online. For any merchant or individual wanting to take their business online, Shopmatic helps manage the entire ecosystem for them- right from helping them develop their own unique webstore to listing them on marketplaces and social channels to helping them with insights on how to sell online.

Incorporated in December 2014, Shopmatic is based out of Singapore and has offices in Gurgaon and Bangalore. It 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.

The company caters to a multitude of merchants who are selling their products and services with no online presence or minimal online presence and also caters to Individual Entrepreneurs who intend to sell online.

Commenting on this launch, CEO of Shopmatic Group, Anurag Avula said : “We believe we have the opportunity to change the lives of Individual Entrepreneurs and small businesses by providing them a platform to grow their businesses and to fulfill their aspirations. 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 ecommerce 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.

Source: Computer World

Advertising Age

Ogilvy’s Shenaz Bapooji Joins Shopmatic Group as Chief Marketing Officer


7 Oct 2015

Shopmatic Group has roped in Shenaz Bapooji as Chief Marketing Officer. She will be based out of Bengaluru and will be reporting to Anurag Avula, CEO and Co-Founder, Shopmatic Group.

Bapooji has confirmed the news to AdAge India. She joins the Group from Ogilvy and Mather where she spent over two decades in different roles.

Shopmatic Group is a Singapore headquartered e-Commerce company that is launched with the intent of helping anyone going online, succeed in selling their products and services. The company was established in December 2014 and will be soon launched in India as its first market. It enables the entire eco-system of selling online from developing web store, listing on marketplaces and social channels, giving insights on how to sell online and others.

On her joining Shopmatic Group, Bapooji says, "It was a wonderful experience at Ogilvy and Mather, which is a pioneer in the advertising and communication space. At Shopmatic, I have the opportunity to create a brand from scratch and it will be a great learning experience for me."

Bapooji is an experienced advertising professional with skills in B2B, B2C, New Business, Client Relationships and Marketing.

In her last role at Ogilvy she was heading the office for Soho Square, South and Ogilvy Chennai. She has worked on several brands. She has held some of the key positions at the agency which includes Senior Vice President and B2B Practice Group Head; Managing Partner and Head of Account Management and others.

Source: Advertising Age

Crazy Engineers

Shopmatic commences operations in India - lets anyone sell goods online


13 Oct 2016

Singapore based Shopmatic has began its Indian operations with select customers in India. The company founded by Anurag Avula, Yen Lim and Kris Chen in December 2014 lets anyone; individuals and merchants sell goods online. The clients are charged a flat fee of $20 per month, $120 for 6 months or $240 annually with a promise of managing the entire online ecommerce ecosystem.

The merchants can develop their own storefront and list their products across various marketplaces and social channels. Merchants can also get deeper insights of their sales funnel through comparison of all the channels.

Shopmatic has set up offices in Gurgaon and Bangalore, making India as its first International launch. The company is planning to expand its business operations in other Asian countries, followed by the Middle East, Africa and Australia in coming months.

Anurag Avula, the CEO of Shopmatic said that the with about 51 million SMBs in the country, India offers a unique opportunity to Shopmatic to scale. Shopmatic aims to get these sellers online so that they can offer their own products and services to pan-India shoppers.

Official Shopmatic website lists eBay, Amazon, Facebook and Flipkart as various channels where the merchant products will be showcased. The company promises complete logistics support with domestic and International service providers.

Shopmatic will face a stiff competition from Flipkart, Amazon, Snapdeal and other leading eCommerce players in India, with their 'marketplace' model. Any budding entrepreneur looking to setup an online shop may consider Shopmatic to setup an e-shop.

Source: Crazy Engineers

Exchange4media

Shopmatic commences operations in India - lets anyone sell goods online


19 Oct 2015

Singapore based e-commerce SaaS company, Shopmatic has commenced its operations in India. The company aims at facilitating the offline businesses to bring their business online. The company aims at achieving the 1 million customer mark by next year. It focuses mainly on the sellers who are into offline business mode and want to extend their business online. It will also be helping out these sellers to set-up the required infrastructure right from developing web store, to listing business on market places and social channels.

Earlier this month, the company had roped in Ogilvy and Mather’s Shenaz Bapooji as their Chief Marketing Officer.

On the functioning of Shopmatic, CEO, Shopmatic Group, Anurag Avula said, “Our proposition is that we give you an entire eco system. And when I say entire eco system I mean we give you your individual identity on your website and also help you list on the multiple market places. We are actually complimenting the entire eco system base today in terms of the help that we provide the sellers to sell his stuffs online. So, we are different, there is nobody like us in the market now. We give you the entire eco-system for anyone wanting to sell online at just 1300 rupees a month. So, there is really no competition there in that sense.”

Customers of this service would be able to avail it at a monthly subscription fee, after the one month free trial that the company is offering.

“We already have some established partners like for logistics we have Delhivery, for payments we have tied-up with with payments companies to enable flexible payment-options and shorter payment cycles of 5-7 days and we will also have some strategic partners like some banks and some Telcos to be partners for us.”

On the Indian market potential, Yen Lim, COO and Founder, Shopmatic, said, “Indian market right now is extremely exciting. I feel India has got an immense entrepreneur spirit. And I see that growing by manifolds especially in the e-commerce space. So, it is a huge opportunities for us at Shopmatic, a new company coming into the market and establish ourselves. I see it as great opportunity two ways for us as well as for the people, entrepreneurs who want to sell their products online.”

On the marketing and advertising plan of the company in India, Bapooji, said, “We are going to cater to anyone to be able to sell online. There would be pockets of people we want to address. There are a lot of people who are unaware of the wonders of selling their products online, so we want to cater that kind of sellers. Seeing that there are very very different kinds of people existing there won’t be only thing to go and reach all of them, so there will be a communication mix. There will be feed on street, there will be mass media, ambient communication, print and of course digital. And we will plug them all depending on what required.”

The company was founded by Anurag Avula, Yen Ti Lim, Kris Chen in December 2014. Based out of Singapore the company also has offices in Gurgaon and Bangalore. This is the company’s first international venture. They also have plans to launch their product in other markets in Asia, the Middle East, Africa and Australia simultaneously.

Source: Exchange4media

Equity Bulls

Singapore based Shopmatic launches in India offering the entire ecosystem of selling online at just 20 USD a month


13 Oct 2015

Shopmatic, an international e-commerce company launches its operations in India with the intent of helping anyone succeed in selling online. For any merchant or individual wanting to take their business online, Shopmatic helps manage the entire ecosystem for them- right from helping them develop their own unique webstore to listing them on marketplaces and social channels to helping them with insights on how to sell online.

Incorporated in December 2014, Shopmatic is based out of Singapore and has offices in Gurgaon and Bangalore. It 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.

The company caters to a multitude of merchants who are selling their products and services with no online presence or minimal online presence and also caters to Individual Entrepreneurs who intend to sell online.

Commenting on this launch, CEO of Shopmatic Group, Anurag Avula said : "We believe we have the opportunity to change the lives of Individual Entrepreneurs and small businesses by providing them a platform to grow their businesses and to fulfill their aspirations. 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 ecommerce 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.

Shopmatic's Limited Release edition is currently available at www.goshopmatic.com to select merchants and will be available to all in November 2015.

Source: EquityBulls

E-Patrakar

Singapore-based Shopmatic launches in India


13 Oct 2015

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 web store 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.

Source: E-Patrakar

Efy Times

Singapore Based Shopmatic Launches In India Offering The Entire Ecosystem Of Selling Online At Just 20 USD A Month


14 Oct 2015

Shopmatic, an international e-commerce company launches its operations in India with the intent of helping anyone succeed in selling online. For any merchant or individual wanting to take their business online, Shopmatic helps manage the entire ecosystem for them- right from helping them develop their own unique webstore to listing them on marketplaces and social channels to helping them with insights on how to sell online.

Incorporated in December 2014, Shopmatic is based out of Singapore and has offices in Gurgaon and Bangalore. It 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.

The company caters to a multitude of merchants who are selling their products and services with no online presence or minimal online presence and also caters to Individual Entrepreneurs who intend to sell online.

Commenting on this launch, CEO of Shopmatic Group, Anurag Avula said : “We believe we have the opportunity to change the lives of Individual Entrepreneurs and small businesses by providing them a platform to grow their businesses and to fulfill their aspirations. 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 ecommerce 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.

Source: Efy Times

Know Startup

Shopmatic, the e-Commerce SaaS Platform- Launches in India


14 Oct 2015

In a recent development, Shopmatic, a Singapore based e-Commerce SaaS company, launched operations in India. It aims at providing help to offline businesses succeed in selling online. Its focus is on the sellers who are working on the offline mode and have completely no or minimal online presence. Along with that, the company will also be catering to those who intend to sell online but can’t due to infrastructure constraints. Customers of this service can avail it at a monthly subscription fee, after the one month free trial that the company is offering.

CEO of Shopmatic Group, Anurag Avula said on this development “We believe we have the opportunity to change the lives of individual entrepreneurs and small businesses by providing them a platform to grow their businesses and to fulfill their aspirations. There are over 51 million small and medium businesses in the country, and a significant base of untapped individual entrepreneurs.”

The company was founded by Anurag Avula, Yen Ti Lim, Kris Chen in December 2014. Based out of Singapore the company also has offices in Gurgaon and Bangalore. This is the company’s first international venture. They also have plans to launch their product to other markers in Asia,the Middle East, Africa and Australia simultaneously.

Shopmatic also has partnerships with local and international logistic providers. The Clients who avail services of Shopmatic will use these logistic providers to fulfill their delivery orders, this will essentially cut down on the overhead of looking for a logistic partner. It also would help them have an organized dashboard which has all the management tools that gives data insights and helps inventory management for the business.

The company also provides guidance to the merchants on management required to grow their business and expanding to international markets with the help of Shopmatic’s global footprints.

Shopmatic competes with players like Shopify, Zepo, PowerStores, Buildabazaar, KartRocket, iQecommerce, NetSuite, Bigcommerce, Volusion among others. Such platforms aid the SME’s to make their presence online without the hassle to create their own platforms.

Source: Know Startup

News Reality

Singapore-based Shopmatic launches in India


15 Oct 2015

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.

Source: News Reality

Real Time News

Singapore-based Shopmatic launches in India


13 Oct 2015

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.

Source: Real Time News

Business News World

Singapore-based Shopmatic launches in India


13 Oct 2015

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.

Source: Business News World

Daily News

Singapore-based Shopmatic launches in India


13 Oct 2015

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.

Source: Business News World

Trade Briefs Retail

Singapore Based Ecommerce Company Shopmatic Enters India To Tap 51 Mn SME and Individual Businesses


14 Oct 2015

Singapore-based Shopmatic, an international ecommerce company, has launched its operations in India.

Source: Trade Briefs Retail

Pakistan Telegraph

Singapore-based Shopmatic launches in India


14 Oct 2015

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.

Source: Pakistan Telegraph

India Times

Singapore-based Shopmatic launches in India


13 Oct 2015

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.

Source: India Times

Brunch News

eCommerce SaaS Platform Shopmatic Launches in India


14 Oct 2015

Shopmatic Founders: Kris Chen, Ti ​Lim and Anurag Avula Shopmatic, a Singapore based eCommerce SaaS company, has launched its operations in India with the intent of helping offline... Read More The post eCommerce SaaS Platform Shopmatic Launches in India appeared first on iamWire.

Source: Brunch News

Thinking Aloud

Singapore-based Shopmatic Looking to Tap SMEs in India.


15 Oct 2015

SMEs (Small and Medium Enterprises) segment is one of the lucrative segments of the Indian market. As SMEs continue to grow at a rapid pace, Singapore-based Shopmatic has launched its operations in India to tap its potential. The international eCommerce company has unveiled their plans to take the entire SME ecosystem online. For the ones unaware about Shopmatic, the company provides an integrated platform for merchants looking to take their business to the internet-based landscape. Since its incorporation in 2014, the company founded by Anurag Avula, Yen Lim and Kris Chen has garnered a considerable amount of attention. In terms of the volume, the SME segment amounts to more than 51 million in numbers. Upon launching their operations in India, Shopmatic is looking to tap the humungous volume of SMEs (Small and Medium Enterprises). The company helps the merchants to set up the shop, provide shipping and logistics insights and seamless integration and hassle-free management to take businesses to social media and internet marketplaces. Merchants can avail all this at a modest price of $20 per month. Other than these standard features, the company also helps the merchants with the development of webstores, online listings, and much more. Aimed at targeting and catering to the individuals and SMEs with almost zilch online presence, Shopmatic is looking to be the first turnkey & a holistic online service provider for both the merchants and individual entrepreneurs in the country. So how do they make it happen? The services are provided via partnerships with international and local companies. The key to Shopmatic has been creating a two-way communication channel between both the parties involved. Due to their extensive global footprint, Shopmatic also enables the merchants and entrepreneurs to gain international exposure

Speaking about their entry into the Indian markets, Anurag Avula, CEO of Shopmatic Group, said, “We believe we have the opportunity to change the lives of Individual Entrepreneurs and small businesses by providing them a platform to grow their businesses and to fulfill their aspirations. India has the unique advantage of addressing their needs on a larger scale. There are over 51 Million (SMEs) 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, offer them an international eCommerce experience at a price point that is very affordable.” The company has also roped in former Head of Office for Soho South + Ogilvy Chennai’s Shenaz Bapooji as their Chief Marketing Officer. The company has launched in India with offices in Gurgaon and Bengaluru with further plans to enter the Middle East, African and Australian markets.

Source: Thinking Aloud

In.com

Eyein India's 51 Mln small-sized cos, Singapore's Shopmatic plans to disrupt online market on the supply side


20 Oct 2015

Shopmatic, a Singapore-based do-it-yourself platform for those interested in doing business online launched in the first week of October, has signed up 100 companies so far.The firm has its sights on existing small and medium sized businesses that do not have an online presence, those with minimal presence or are selling through marketplaces.There is a 51 million base of Small and Medium businesses in the country with a very little percentage with their own urls. There is another huge and wholly untapped segment, that is represented by individual entrepreneurs who all of us know, says Avula, outlining the firms strategy which is to disrupt the market from the supply side.The biggest gaps, according to Avula is the lack of sophisticated offerings in the market, high costs attached to selling online and the complication that the online e-commerce world presents to customers.How it worksThe company helps manage the entire ecosystem for by helping the interested businesses develop its own unique web store, listing them on marketplaces and social channels and give insights on how to sell online. All this comes at a monthly subscription fee of USD 20.The firm is optimistic that they can get one million customers on board its platform in a years time.Other marketsIndia is Shopmatics first international venture where it will launch its operation in 18 cities. The sheer numbers in India are huge, informs Avula, adding, that Shopmatic does not want to limit itself to India, but extend to other countries as well like Hong Kong, Malaysia, Taiwan, the Middle East, Africa and Australia. It plans to launch in other Asian countries by the end of the year and extend operation to the Middle East, Africa and Australia by 2016.

Source: In.com

Three Commas

Eyein India's 51 Mln small-sized cos, Singapore's Shopmatic plans to disrupt online market on the supply side


20 Oct 2015

Singapore-based Shopmatic, an international ecommerce company, has launched its operations in India.Shopmatic has decided to make India its first international launch market with office in Gurgaon and Bangalore. Subsequently, it plans to enter other markets of Asia, Middle East, Africa and Australia.Incorporated in December 2014 by Anurag Avula, Yen Ti Lim and Kris Chen, Shopmatic is an international ecommerce company, launched with an intent to manage the entire ecosystem of taking users’ business online.

Source: Three Commas

Tech Spirit

Shopmatic launches in India


15 Oct 2015

Shopmatic, an international e-commerce company launches its operations in India with the intent of helping anyone succeed in selling online. For any merchant or individual wanting to take their business online, Shopmatic helps manage the entire ecosystem for them- right from helping them develop their own unique web store to listing them on marketplaces and social channels to helping them with insights on how to sell online.

Incorporated in December 2014, Shopmatic is based out of Singapore and has offices in Gurgaon and Bangalore. It 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.The company caters to a multitude of merchants who are selling their products and services with no online presence or minimal online presence and also caters to Individual Entrepreneurs who intend to sell online.

Commenting on this launch, CEO of Shopmatic Group, Anurag Avula said : “We believe we have the opportunity to change the lives of Individual Entrepreneurs and small businesses by providing them a platform to grow their businesses and to fulfill their aspirations. 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 ecommerce 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. Shopmatic’s Limited Release edition is currently available at www.goshopmatic.com to select merchants and will be available to all in November 2015.

Source: Tech Spirit

Wn.com

Singapore-based Shopmatic launches in India


15 Oct 2015

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.

Source: Wn.com

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