eShopbox Announces Second Quarter 2015 Financial Results

21:30
On 05 November 2015 in Gurgaon: eShopbox E-commerce Private limited has announced their financial standings for second quarter ending 30th September 2015. eShopbox E-commerce Private limited is an internet retailing partner for fashion brands. The company reported a quarterly revenue growth rate of 43 percent.

eShopbox

 If you don't know about eShopbox :

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.

Company Website: http://www.eShopbox.com/
 eShopbox is specialized in helping retailers for improving their sales volume allowing them to increase their overall growth. They also works with big giants in Ecommerce market viz. 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.

Here are some business Highlights for the same :

  • 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.
 

Let's have look at some official words about the same : 

Mr Ankush Karwa, Co founder of eShopbox said :

“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.”

In response to questions on company’s future plans, Mr Neeraj Choudhary, co-founder at eShopbox who takes care of the business development mentioned that 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.

As per Mr. Nitin Bawankule, the Google Director for ecommerce and Online said that the fashion business in India through the e-commerce portals is expected to see a turnover of $35 billion by 2020. On the same positive note the Forrester, a leading global research and advisory firm has said that the Indian e-commerce markets will grow at the CAGR (compound annual growth rate) of 57%, between 2012- 2016, fastest in the Asia-Pacific region. Indian e-tailing industry is expected to grow to $11.8 billion in 2015. Fashion brands are expected to gain a competitive advantage by association with end to end ecommerce service providers like eShopbox to enter highly dynamic and growing e-commerce market.

So here is all about the updates. Have any query or any suggestion do comment below. Thank you for reading.

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