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

Revoluts Australian Banking Licence Game Changer

Revolut has spent much of its life insisting that it is more than a bank. In Australia, it has now decided that becoming... Read more

The AI Bank Is Coming, But Who Controls The Risk?

Artificial intelligence is no longer something banks discuss as a distant possibility. It is already working behind the ... Read more

ClearBank UK Profit Leads To European Growth

ClearBank has spent much of the past decade building the technology and regulatory infrastructure needed to challenge so... Read more

Bank Of London Continues To Rebuild

ClearBank’s progress shows that modern clearing and banking infrastructure can become a sizeable and profitable busine... Read more

JPMorgan's Berlin Moment: Chase Takes On Europe

There is something quietly symbolic about JPMorgan Chase choosing Berlin as its gateway into continental Europe. In a fo... Read more

What Strategy's Bitcoin Sale Really Tells Us

There is a moment in every bull run when the narrative starts to fray. Not with a crash, not with a scandal, but with so... Read more