Shopmatic revenue soars 200 percent

Singaporean e-commerce platform Shopmatic has registered 200-per-cent growth in revenues, transactions, and GMV during the last financial quarter in spite of the global impact of the coronavirus pandemic.

The firm works to bring various elements of the e-commerce landscape onto its standalone platform, allowing customers to create a customized online store and sell through social and chat commerce on multiple marketplaces.

During the pandemic, Shopmatic launched tailored solutions for India’s kirana stores and Singapore’s grocery stores, providing options to use pre-developed catalogs, among other services.

“Going digital is not an option anymore, but an imperative,” said Shopmatic CEO & co-founder Anurag Avula, “and we have been able to contribute to our merchants’ success by launching relevant solutions like the kirana/grocery store special. In the five years since we launched, we have been driven by our vision to enable online and offline success for our merchants by creating an omnichannel experience for our customers.

“I am delighted that it has brought significant transaction growth to our customers. This inspires us to deliver even more innovative and compelling game-changing solutions for our merchants which we will be launching in the next few months.”

Shopmatic currently reports more than 120,000 active merchants on its platform.