The Singaporean e-commerce platform Shopmatic has registered a 200 per cent growth in revenues, transactions and GMV in the last financial quarter.
The increase in revenue comes despite the global impact of the coronavirus pandemic. The firm works to bring various elements of the e-commerce landscape onto its standalone platform, allowing customers to create a customised online store and sell through social and chat commerce on multiple marketplaces.
During the pandemic, Shopmatic launched tailored solutions for India’s kirana stores and Singapore’s grocery stores, providing options to use pre-developed catalogues, among other services.
“Going digital is not an option anymore, but an imperative,” said Shopmatic CEO & Co-Founder Anurag Avula. “We have been able to contribute to our merchants’ success by launching relevant solutions like the kirana/grocery store special. In the five years since we launched, we have been driven by our vision to enable online and offline success for our merchants by creating an omni-channel experience for our customers.”
Shopmatic currently reports more than 120,000 active merchants on its platform.
