Gurgaon based eShopbox E-commerce Private limited, an internet retailing partner for fashion brands announced its financial results for second quarter ending ’ 2015. The company reported a quarterly revenue growth rate of 43 percent.
“Revenue growth rate is above our expectations as our focus was to improve on our back end operations to meet the increasing sales during the upcoming festival season. We experienced a slowdown during transition of our warehouse operations to a larger and much more equipped fulfillment facility.” said Mr Ankush Karwa, Co founder of eShopbox.
eShopbox, which specializes in helping retailers sell on online marketplaces like Jabong, Myntra, Flipkart, Snapdeal, Limeroad, Paytm and Amazon and others, as well as facilitating sales through comparison shopping sites and search marketing, reported that Myntra and Jabong topped eShopbox’s sales channel during the quarter, as measured by gross merchandise volume.
- 21 new clients were added, increasing the total client base by 33%
- Average revenue per client on a twelve month trailing basis increased by 30 percent.
- Strategic consulting fee contributed to 34% of revenue, whereas sales on various channels grew at 27 percent to form 60 percent of revenue in second quarter.
- Huge investments were added in the web and analytics technology division.
Mr Neeraj Choudhary, co-founder at eShopbox said - the company is focusing its sales efforts to onboard large fashion brands to garner long term revenue. He mentions that such clients represent higher retention rates and high quality recurring revenue. He didn’t expect a slowdown in revenue growth rate due to such transition.
Fashion Business India Market Size
$35 billion by 2020.
eShopbox is an on-demand e-Commerce technology and services company. They drive end to end e-Commerce functionalities for fashion brands and help them provide a unique, brand-centric experience to their clients. eShopbox is led by experts with a rare combination of skill sets including technology, order fulfilment and marketing. The team brings together these qualities and collaborates with emerging brands to deliver a rich eCommerce action