Shopsy
 | |
Type of site | Private |
|---|---|
| Founded | July 2021 |
| Headquarters | Bangalore, Karnataka |
| Area served | India |
| Key people | Kalyan Krishnamurthy |
| Industry | E-commerce |
| Products | Mobile app |
| Services | E-commerce |
| Parent | Flipkart |
| URL | shopsy |
Shopsy is an Indian e-commerce platform launched by Flipkart, subsidiary of Walmart in 2021.[1][2] The company has its headquartered in Bangalore, Karnataka. It helps individuals and small businesses to resell products through social channels like WhatsApp, Facebook, and Instagram.[3][4]
History
Shopsy was launched by Flipkart in July 2021. As of 2021, the platform had over 5.1 million users and 2.5 lakh resellers.[5] The company has its corporate office in Bangalore and distribution channels in cities, such as Ahmedabad, Bengaluru, Chennai, Coimbatore, Delhi, Hyderabad, Kolkata, Lucknow, Mumbai, Patna, and Pune.[6]
Its gross merchandise volume (GMV) was $100 million in October 2021.[7]
On December 14, the company entered the grocery segment and started delivering groceries in 700 cities across India.[8]
In the same year the company launched a zero-commission marketplace model that allows a seller to sell products without having to pay any commission to the company.[9][10][11][12]
References
- ^ Nandy, Madhurima (2021-07-01). "Flipkart launches Shopsy app for small entrepreneurs". mint. Retrieved 2022-02-20.
- ^ Soni, Sandeep (25 January 2022). "How rise of social commerce in India has enabled micro, small businesses to reimagine growth". The Financial Express. Retrieved 2022-02-20.
- ^ "Walmart's Flipkart enters social commerce market in India with Shopsy". www.techinasia.com. Retrieved 2022-02-20.
- ^ "Flikpart's Shopsy app to digitally enable entrepreneurs, small businesses". The Financial Express. Retrieved 2022-02-20.
- ^ Mundhra, Laxitha (2021-10-08). "Flipkart's Social Commerce Venture Shopsy Plans Foray Into Grocery Market In 3-6 Months". Inc42 Media. Retrieved 2022-02-20.
- ^ Abrar, Peerzada (2021-12-14). "Flipkart's Shopsy eyes largest grocer tag, rolls out services in 700 cities". Business Standard India. Retrieved 2022-02-20.
- ^ Sahay, Priyanka (30 November 2021). "Shopsy's revenue grows fourfold during festive period, says Flipkart". Moneycontrol. Retrieved 2022-02-20.
- ^ "Flipkart's Shopsy enters grocery business to take on DealShare, Meesho". The Economic Times. Retrieved 2022-02-17.
- ^ Sharma, Shweta (2021-08-03). "Flipkart's Shopsy announces zero commission marketplace for sellers". Techcircle. Retrieved 2022-02-20.
- ^ Ubhe, Akash (16 February 2022). "Flipkart आणि Amazon पेक्षा स्वस्तात प्रोडक्ट्स विकत आहे 'ही' वेबसाइट, किंमत निम्म्यापेक्षा कमी". Maharashtra Times (in Marathi). Retrieved 2022-02-20.
- ^ "വീട്ടിലിരുന്ന് പണം സമ്പാദിക്കാം, സംരംഭകർക്കായി ഷോപ്സി ആപ്പുമായി ഫ്ലിപ്കാർട്ട്". Samayam Malayalam (in Malayalam). Retrieved 2022-02-20.
- ^ "Flipkart's Shopsy weapon to counter Meesho's e-commerce incursion". The Ken. 2021-09-22. Retrieved 2022-02-20.