16 November 2022, Mumbai:
Shopsy’s business, in terms of units and transactions, doubled in September 2022 compared to July 2022.
Shopsy is e-commerce giant Flipkart’s hyper-value e-commerce segment. The value e-commerce business has seen particular traction in its fashion segment, which now makes up around half of its total demand, driven by women shoppers.
With a zero-commission model, Shopsy enables more sellers to come on board and thus bring hyper-value offerings for customers. Shopsy was launched by Flipkart in 2021 and is positioned in the hyper-value segment of the market.
The business retails a wide range of products, including fashion and lifestyle goods. In order to enable it to have its sellers lower costs as much as possible, Shopsy functions with the lowest possible operating costs.
The business currently offers around 150 million different products spanning over 800 product categories. In July 2022, Shopsy crossed the 100 million user mark, around six months earlier than previously targeted. For Shopsy, the target is to get the next 100 million shoppers online.
Shopsy was launched as a social commerce platform that connects consumers to products through resellers which also gives resellers a platform on which to earn money through sales. Shopsy focuses on products in the value segment of the market and categories include fashion, beauty, and electronics, among others.
