City
Epaper

Club Factory's seller base grows 4x to scale 20,000

By IANS | Updated: December 18, 2019 17:25 IST

E-commerce platform Club Factory has over 20,000 registered sellers as of December 2019, witnessing a fourfold increase in the second half of the year, the company said.

Open in App

Club Factory said it is also strengthening its India leadership team and will appoint local leaders for key functions in the next quarter.

"Club Factory is witnessing a strong momentum and growth in India and we are very confident to carry this momentum to 2020, with our strategic hires in the Indian leadership team," Vincent Lou, Founder and CEO, Club Factory, said in a statement.

"We are happy with the faith reposed in us by over 20,000 sellers and are confident that our approach will strengthen our position as a leading marketplace for local sellers in India, offering best prices to the buyers," Lou said.

In the recently concluded Black Friday sale in November, Club Factory witnessed over 600 per cent year-over-year growth with over 200 sellers clocking in over 15,000 orders per day.

"Our philosophy of not charging any commission fees from the sellers not only helps in providing a level playing field but also enables the sellers to generate more margin by working on our platform," Lou said.

In August this year, Club Factory announced plans to on-board over 10,000 sellers in 2019 in a bid to scale up in the fast-growing e-commerce market in India.

"In addition to being the zero-commission platform, we are developing multiple approaches to empower SME sellers. The next focus will be to help more SME sellers to reach the benchmark of 15,000 orders per day. We are investing heavily in technology & infrastructure to make it operationally possible," Lou added.

( With inputs from IANS )

Tags: Vincent LouindiaIans
Open in App

Related Stories

InternationalIranian President Calls for Constructive Role of Brics to Halt West Asia Conflict During Talks With PM Modi

LifestyleEid 2026 Date: When Will Saudi Arabia, UAE and India Celebrate Eid-ul-Fitr?

MaharashtraMaharashtra CM Devendra Fadnavis Unfurls 200-Foot National Flag at Nagpur’s Kasturchand Park

NationalAhmedabad Traffic Update for India vs New Zealand T20 World Cup Final: Check Road Closures and Alternate Routes Near Narendra Modi Stadium

AurangabadLocal industries feel heat of Global conflict

कारोबार Realted Stories

BusinessDelhi govt doubles gas cylinders for migrant labourers to 1,368 cylinders

BusinessGovt aims to raise farmers’ incomes and ensure India’s food, nutrition security: Chouhan

BusinessMaharashtra clears MahaGeoTech, resilience programme

BusinessMaha Cabinet clears Mahavitaran restructuring, IPO plan

BusinessMaha CM opens Metro 9, 2B; lays BKC Pod Taxi foundation