Club Factory Overtakes Snapdeal to Rank Third After Amazon and Flipkart

September 04, 2019 05:09 AM AEST | By NewsVoir

Google News:

Club Factory Overtakes Snapdeal to Rank Third After Amazon and Flipkart — Image source: Kalkine Media

Recent News

Inogen Alliance Associate Awards: Environment Analyst Sustainability D...

New Zealand Construction Report 2025: Output to Contract by 1% Due to...

QXO won’t participate in bidding war for GMS - source

LA Galaxy, Black Star, and Carson Parks and Recreation Unite To Empowe...

Envisions an Era of FAC (Flipkart, Amazon, Club Factory) in India's E-commerce Growth
Opens New Warehouse in Mumbai to meet increased user demands

Club Factory, the leading E-commerce platform, has surpassed Snapdeal to become the 3rd largest shopping app (in terms of MAU) in India since June 2019 after retaining #1 rank in Google Play Shopping App category, according to data analytics platform App Annie. The strategy to focus on local SMEs has been a big growth driver for Club Factory's recent success and has further strengthened its position to become the leading marketplace for local sellers in India and offer best price to the users.

According to Vincent Lou, Founder and CEO, Club Factory, "After witnessing a rapid growth and success in India, we are now looking forward to an era of FAC (Flipkart, Amazon, Club Factory) to be the future of India E-commerce market. Our goal is to facilitate a fair marketplace where both the sellers and buyers are benefitted. We are further empowering local SME's in India with our 0% commission strategy and are also making significant investment in the ecosystem to meet higher consumer demands. Our new warehouse in Mumbai is opened recently to meet the increased user demands for faster product delivery."

Last month, Club Factory announced its new scale-up strategy with plans to on-board over 10,000 sellers in 2019. Within 2 months of announcement, Club Factory has successfully on-boarded over 5,000 sellers already. Vincent Lou added, "Currently 70% of the orders are executed from India SMEs with a strong focus on products locally made in India. Also, after adopting the local marketplace strategy, the total order volume has significantly increased by over 100% since beginning of this year."

Club Factory opened its Sellers Recruitment Program for pan-India sellers offering products in the lifestyle, fashion, accessories, gadgets & electronics and home categories. The program is helping sellers avail marketing fee waiver and zero commission to achieve 20-30% cost saving as compared to selling on other platforms, the benefits of which are passed on to the consumer. Club Factory is also conducting training and offers support for sellers on the platform. Currently, the registration process is open for any company with a qualified license to sell.

Club Factory aims to build an adequate E-commerce infrastructure and has partnered with some local top-tier logistics players for fulfilment and last-mile logistics space and to provide a faster delivery in India. It uses its proprietary big data and AI technology to empower small sellers without capability to analyze market trend effectively. Club Factory boasts of a great selection of modern, trendy and unique products across a range of categories.

For Hindi press release, please click here.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (“Kalkine Media, we or us”), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content.
Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have made reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.
This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.