15 July 2022, Mumbai:
The partnership with GoKwik has enabled Neeman’s to see a 30 percent surge in its conversion rates. Neeman’s is a footwear brand GoKwik is an e-commerce platform. Conversion rate is the percentage of visitors to an e-commerce website and buying products.
On average, the conversion rate for most e-commerce sites is about three percent.
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GoKwik is aimed at creating customized, robust, and effective solutions that will act as fuel to smoothen the shopping experience for new and regular online shoppers. Neeman’s entered into a partnership with Sequoia-backed GoKwik in July last year.
GoKwik aims at democratizing the shopping experience and increase GMV realization for e-commerce businesses with its checkout and UPI solutions while also helping improve checkout conversion rates, ensuring higher GMV realization, increased profitability, and reduced customer acquisition cost and increased delivery rates.
Besides improving conversion rates and bottom line, GoKwik has also helped Neeman’s expand its business into Tier III and Tier IV cities. In addition, using the proprietary AI-ML algorithms, GoKwik has also promoted CoD as a payment method for the direct-to-consumer brand.
The fundamental idea is to enable the best conversion rates to go hand in hand with assurance and help Neeman’s broaden its range of audiences and gain loyal customers with GoKwik’s 100 percent return to origin protection.
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