India’s first and largest managed marketplace ShopClues has hit another milestone in its on-going success story by having half a million sellers on its platform.
The increased number of merchants has significantly boosted the total available products and unstructured offerings from various regions of the country on ShopClues.
This tremendously impacts the choice and selection that the marketplace is able to offer to its shopper base.
ShopClues expects one million sellers to be available on the platform by December 2016.
ShopClues has constantly gone the extra mile to on-board more sellers to its platform and has helped existing merchants to boost their business tremendously through on-going initiatives.
Besides facilitating working capital loans for them, it also has a Merchant Discussion Forum and periodically organizes seller summits where it recognizes and rewards the outstanding effort of its merchants.
“The increasing number of sellers on the platform displays the huge trust that merchants across the country have vested in us. They are eager to partner with ShopClues to leverage our reach and popularity pan-India. The half-million mark is certain to have a positive impact on our overall GMV as increased choice results in a higher conversion rate,” said Co-founder and CBO ShopClues, Radhika Aggarwal.
“With our goal of on-boarding a million merchants by the end of this year, we will cement ShopClues’ market leadership stance as the only online destination shoppers turn to for their entire spectrum of needs,” added Radhika Aggarwal.
The company boasts to around 3,00,000 sellers in 2015, and has aggressively increased its outreach across the country’s merchant base.
Out of these, a majority of merchants specialize in unstructured categories that now comprise 85 percent of the complete seller base of the company.
ShopClues’ IndiMarket, which showcases area-specific artworks of 8 states and 21 cities of India, will add to the regional representation of the entire country on the platform.
Merchants from various regions of India infuse a fresh and innately Indian touch to the shopping experience on the marketplace.