Shopmatic brings ease and convenience by managing the entire ecosystem, enabling anyone to sell online
SINGAPORE, 26 April 2016 --(ASIA TODAY)-- Shopmatic, a homegrown e-commerce SaaS (Software as a Service) company, today announced the launch of its business operation in Singapore designed to help local entrepreneurs go digital, particularly SMEs (Small and Medium-sized Enterprises) and ‘Homepreneurs’ (entrepreneurs who work from home). Shopmatic provides business owners with affordable, ready-to-use, intuitive templates that are easily customized, to grow their businesses online.
The ASEAN economies have a population of more than 600 million people and Singapore, as a financial and business management hub, provides a strong digital infrastructure with the highest internet penetration in the region. Industry analysts estimate that , three out of every four residents in the country will use the internet at least once a month , a figure well above that for any other country in Southeast Asia. This has created an excellent opportunity for an e-commerce company such as Shopmatic to launch in Singapore.
“The opportunity for local businesses to leverage the online world is immense, and that's what we want to enable for Singapore. We are looking at the market opportunity through three audience segments – existing SMEs that are selling their products but are not online, existing SMEs that are selling their products offline with a minimal presence online or selling through marketplaces and, lastly, the big opportunity that sits with Individual entrepreneurs who have yet to realise the potential of doing business online. If we just look at Singapore, SMEs take up 99% of all enterprises in this city-state and there is a significant base of untapped individual entrepreneurs ,” CEO & Co-Founder of Shopmatic Group, Anurag Avula said.
An Online Platform where Every Business Owner Can Go Digital
Since its inception in December 2014, Shopmatic has offered a revolutionary, all-in-one e-commerce solution that enables business owners to build and manage their businesses online, commission-free. This means that they do not have to rely on commission-based marketplaces, which can charge up to 15% for each transaction. Shopmatic’s key features include:
• Compelling web presence with attractive storefronts;
• Seamless integration with local and international payment gateways;
• Tie-ups with logistics partners, enabling automated shipping;
• Facilitated listing across multiple marketplaces and social channels, such as Facebook;
• Organised dashboard with data insights and inventory management;
• Simple pricing with no hidden fees.
“At Shopmatic, we understand that managing payments is one of the biggest challenges for SMEs,” Mr Avula said. “We are delighted to partner with PayPal to enable cross-border trade for local business owners, making it easier for merchants to accept payments from customers outside Singapore. We are focused on helping not only the SMEs and individual entrepreneurs to find their success in the online world, but also to give them global exposure.
“We have no hidden costs and charge just $38 per month for enabling the entire online ecosystem for our customers. You get four months free if you sign up for our 12-month plan and a month free with our six-month plan. We don’t charge any additional fees per sale made by the customer.”
This year, the company plans to expand its presence to other parts of Asia such as Hong Kong, Philippines, Australia, and Indonesia, further strengthening its commitment to the region. In fact, Shopmatic has recently launched Business Services for seven verticals. These include:
• Beauty & Wellness – Facials, Facial Treatments, Spas, Manicure, Pedicure, De-Tox therapies, etc.
• Education – Home Tutors
• Wedding and Events – Venue decorators, Wedding photographers, Bridal make-up artists, wedding choreographers and so on.
• Health Services – Personal trainers for yoga, Pilates, Zumba, dance, spa treatments
• Interior Decoration – Interior designing, Personalized Product Suggestions, Room Placement Visualization etc.
• Real Estate – Property and investment consulting, Advisor, Architecture, Vaastu Consultants etc
Each of the new services launched by Shopmatic will be enabled with its own exclusive website templates. These services will also be instrumental in helping individual ‘Homepreneurs’ (entrepreneurs who work from home), in becoming more efficient and gaining professional exposure in the industry. All business services will be made available at a standard price of $38 per month.
“We will look at significant investments, given the potential of the Asia markets, and investors are in talks with us to invest in our growth strategy. Right now, we are privately funded by angel investors from across the globe. In addition to that, our business operation in Singapore also means we will be creating job opportunities for local talent. I am very excited to bring this opportunity to the city-state,” Mr Avula said.
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About Shopmatic
Shopmatic is an international e-commerce company that is launched with the intent of helping business owners go online to sell their products and services. From developing a unique web store, to listing businesses on marketplaces and social media channels, to giving insights on how to sell online, Shopmatic helps business owners manage everything that is required to grow their businesses. Founded in December 2014, Shopmatic is headquartered in Singapore and has offices in Gurgaon and Bangalore, India. The company is quickly expanding to the rest of the Asian countries. For more information, please visit https://goshopmatic.sg/
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