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

CricketIND vs PAK 2025 Live Streaming: Head-to-Head Record, When and Where to Watch India vs Pakistan Asia Cup Final

NationalRajnath Singh and Abdeltif Loudiyi Sign MoU on Defence Cooperation; Focus on Counter-Terrorism, Cyber Security, and Maritime Safety (Watch Video)

CricketIND vs PAK 2025 Live Streaming: Head-to-Head Record, When and Where to Watch India vs Pakistan Asia Cup Super 4 Clash

MumbaiNamo Yuva Yatra: Milind Soman Flags Off Campaign in Mumbai, Says ‘Theme of a Drug-Free India Is Very Important’ (Watch Videos)

OpinionsNepal, a Victim Of Conspiracies

कारोबार Realted Stories

BusinessKorean Air partners with Anduril to co-develop AI-powered wildfire response system

BusinessWorld Heart Day 2025: Heart Disease on the Rise Amongst Young—Why Waiting Is Dangerous

BusinessBanking sector to see earnings recovery from Q2FY26, strong 17.7% CAGR profit expected over FY26-28: Report

BusinessPiyush Goyal discusses opportunities in aviation sector with Airbus Chairman Rene Obermann

BusinessSBI sees inflation below RBI projections, calls it a regulatory policy too