Announces zero commission marketplace for sellers
- Shopsy has witnessed rapid growth since its launch in July 2021, with over 2 Lakh users active on the platform
- Shopsy targets 20X growth ahead of the festive season
Bengaluru - August 3, 2021: Flipkart’s latest offering Shopsy, announced the launch of a zero-commission marketplace. Through this initiative, Flipkart will help organise and bring smaller sellers across Fashion, grocery and home categories, online. This will further enable and amplify the supply of products and catalogues on the platform, and spur e-commerce growth across tier 2 cities and towns that have been untouched by digital retail so far.
Today 70% of Flipkart’s customers come from tier 2 and tier 3 cities. With Shopsy, Flipkart aims to scale this to 90%. Flipkart believes gamification along with social commerce features will help it achieve this mission. One such feature is Shop & Earn, where users will be able to unlock higher incentives on achieving a certain weekly/monthly target. This kind of gamification will further lead to virality and evangelization for fringe e-commerce customers.
Over the last decade, Flipkart has championed several initiatives to unlock value for its customers leveraging tech and innovation. This forms a strong and critical base for the success of a next-generation social commerce platform. Sellers are already leveraging Flipkart’s ad tech platform to complement the zero-commission strategy. Additionally, Flipkart's low cost logistic network and affordability programs like ‘Flipkart Pay Later’ are two other key levers that would act as game changing catalysts in the context of social commerce.
Prakash Sikaria, Senior Vice President - Growth and Monetization, Flipkart, said, “Our vision with Shopsy is to enable digital commerce for everyone across India. We have received an overwhelming response and are further looking to enable several initiatives on the platform to accelerate growth. Shopsy is growing 100% week on week. The platform is demonstrating the behaviour of a typical social app and virality is starting to kick in. To further expedite this, we aim to bring the best of e-commerce to social commerce as we progress in our journey. The Flipkart Group has been committed to constantly expanding the scope of e-commerce; and Shopsy is an important step in that direction.”
Within a month of its launch, Shopsy has already onboarded more than 2 lakh users. With the onset of the festive season, the platform aims to keep accelerating its growth over the next two months by ramping up features and offerings for Indians who are keen to start their social commerce journey.
Shopsy provides social commerce opportunities for enterprising Indians. Leveraging their local network, Shopsy users are able to share catalogues of a wide selection of 15 Crore products offered by Flipkart sellers over social media and communication apps. Providing access to its catalogue and full stack e-commerce services over simplified social media interface, Flipkart believes can democratize commerce and can disrupt the emerging social commerce landscape.
You can download Shopsy from:
About the Flipkart Group
The Flipkart Group is one of India's leading digital commerce entities and includes group companies Flipkart, Myntra, Flipkart Wholesale, and Cleartrip. The Group is also a majority shareholder in PhonePe, one of the leading payments apps in India.
Started in 2007, Flipkart has enabled millions of consumers, sellers, merchants, and small businesses to be a part of India's digital commerce revolution, with a registered customer base of more than 350 million, offering over 150 million products across 80+ categories. Our efforts to democratize commerce in India, drive access and affordability, delight customers, create lakhs of jobs in the ecosystem, and empower generations of entrepreneurs and MSMEs have inspired us to innovate on many industry firsts. Flipkart is known for pioneering services such as Cash on Delivery, No Cost EMI and easy returns – customer-centric innovations have made online shopping more accessible and affordable for millions of Indians. Together with its group companies, Flipkart is committed to transforming commerce in India through technology.
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