Announces Q2 Profitability - Becomes the Sole Profitable Ecommerce Company in India becomes the only profitable ecommerce company in India by becoming cash positive in 2nd quarter, 2013.
Bollywood Sarees on Available With International Shipping
Bollywood Sarees on Available With International Shipping
MUMBAI, India - Dec. 24, 2013 - PRLog --, India's largest online marketplace for Indian products which includes Indian jewellery, sarees, salwar kameez and handicrafts, today announced that they have become the only profitable ecommerce online marketplace in India. reported a PAT profitability of 1.2% on their 2nd quarter, 2013 financial results. is targeting gross sales of Indian Rs 100 million in the FY14 (2013-2014) with PAT profitability of close to 4%.

In Indian ecommerce environment where big ecommerce companies like Flipkart and Snapdeal are bleeding cash on every sale, is the rising star with a capital efficient and profitable business marketplace model, growth of more than 10% month on month and with a differentiated positioning as a leader in Indian products focused on a unique consumer segment which is primarily women in India and customers outside of India.

"We believe that ecommerce is a positive industry and today is the time to build the right foundation for future exponential growth in this industry in India. We have achieved profitability as our first step in building that foundation. We continue to invest more in technology and online platform to make the best place to buy and sell products online in India", says Manoj Gupta, CEO of today has more than 5000+ sellers who sell online 300,000+ Indian products to millions of customers directly. recently also launched an 'Agent' model which signifies attempt by them to create similar impact on the demand side through a model similar to the multi level marketing model used by Amway and Tupperware in India.

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Manoj Gupta

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Tags:Ecommerce, Fashion, India, Craftsvilla, Jewellery, Sarees, Salwar Suits, Anarkali Suits
Industry:Fashion, Literature, Shopping
Location:Mumbai - Maharashtra - India
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