Homepreneurs on the radar for Shopmatic's India plan
The company competes with Snapdeal-owned Shopo, KartRocket—which raised $8 million earlier this year—and Zepo Technologies for its ecommerce business
Targeted at professionals to create a channel for completing transactions online, the platform has launched templates for seven categories in the services space with standardised pricing across India, Hong Kong and Singapore markets.
“We have seen multiple customer profiles in the services space, from home-preneurs to personal trainers, designers and home tutors. At present, the service providers do not have a platform to display their individual identities online,” said Anurag Avula, cofounder of Shopmatic. Avula founded the company with his PayPal colleagues Yen Lim and Kris Chen.
The company competes with Snapdeal-owned Shopo, KartRocket—which raised $8 million earlier this year—and Zepo Technologies for its ecommerce business. TaoBao, the peer-to-peer commerce platform run by Chinese ecommerce giant Alibaba, works on a similar model.
The 2014 company, which entered India in January this year, works with close to 7,000 businesses in the country. “Our target is to reach 1 lakh customers by end of this year,” said Avula.