Shopsy Claims 6-fold Growth In Customers, Orders During Festive Season Sale

E-commerce firm Flipkart's social commerce unit Shopsy claims to have registered a six-fold growth in customers and orders in the recently concluded festive season sale

Topics

Flipkart | festive season sale

Press Trust of India  |  New Delhi 



Shopsy

').insertAfter(".article-content__img");$(".article-content__img div").find('div').remove();

E-commerce firm Flipkart's social commerce unit Shopsy claims to have registered a six-fold growth in customers and orders in the recently concluded festive season sale, a top official of the entity said on Tuesday.

New Business Head and Senior Vice President Adarsh Menon said that the company crossed 100 million app downloads in July out of which an estimated 80 per cent of the app users visited the site during the "The Big Billion Day" (TBBD) sale.

"Our customer grew six times during the TBBD as well as orders. Almost 65 per cent of the orders came from tier-2 and below towns. Around 75 per cent of orders came through the selection of products that Shopsy has.

"Between July - September 2022 Shopsy has grown by 2 times in the overall customer base and units sold further strengthening its presence across the country," Menon said.

He said that the active customer base of the company doubled between July and September on the platform.

Shopsy uses the resources of but pushes sales of low-priced products to target online buyers from smaller towns.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

First Published: Tue, October 04 2022. 22:17 IST


RECENT NEWS

Central Banks And The Economic Horizon: Steering Through Uncertaintie

In the evolving landscape of global financial markets, the strategic role of central banks has come under intense scruti... Read more

Transforming Financial Operations With Robotic Process Automation

Author: Ricardo Goulart                           ... Read more

The Role Of Machine Learning In Fraud Detection

        Author: Gerardine Lucero                  &nbsp... Read more

Principles Of Islamic Banking And Finance

When it comes to banking, a significant new contender has entered the ring. The principles of Islamic banking and financ... Read more

The Role Of Central Banks In Global Economy

The role of central banks in global economy is a stimulating topic that requires profound understanding. Commonly, centr... Read more

History Of Banking Evolution In The 21st Century

Throughout time, the banking sector has assumed a central role in the smooth functioning of economies, generating growth... Read more