Mumbai, India (PRWEB) November 21, 2013
Craftsvilla.com, 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. Craftsvilla.com reported a PAT profitability of 1.2% on their 2nd quarter, 2013 financial results. Craftsvilla.com 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, Craftsvilla.com 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 Craftsvilla.com the best place to buy and sell products online in India", says Manoj Gupta, CEO of Craftsvilla.com
Craftsvilla.com today has more than 5000+ sellers who sell online 300,000+ Indian products to millions of customers directly. Craftsvilla.com 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.