E-commerce website building platform Shopmatic will waive hosting fees for Indian SMEs

Shopmatic , an e-commerce independent station service platform, has decided to adjust its platform charging model and cancel the monthly hosting fee for Indian users . The platform now only charges online merchants a 3% transaction fee per transaction , making it easier for merchants to enter the e-commerce market .

Shopmatic is a Singapore-based e-commerce service development tool that mainly helps small and medium-sized enterprises and self-employed individuals build their own e-commerce businesses. By providing easy-to-use e-commerce tools, users can easily build their own e-commerce sales platforms and integrate payment gateways.

It is reported that Shopmatic plans to serve 5 million customers in the next few years and has launched a series of initiatives to this end. Its CEO and co-founder Anurag Avula said that its transaction model, including hosting fees and a 3% transaction fee for each transaction, was set after understanding the Indian market and the preferences of business owners .

At the same time, Avula also expressed that it encourages enterprises and entrepreneurs to set up online stores through the platform and maximize business growth through Shopmatic's omni-channel capabilities . Shopmatic's move will help the development of small and medium-sized enterprises in India and encourage business owners to increase their online sales performance.

The move will allow entrepreneurs to conduct e-commerce through four different modes - online store sales, chat sales , social selling and marketplace sales, expanding their business to online channels as per their preferences , in preparation for the upcoming festive shopping rush.

Currently, the Shopmatic platform has attracted sellers from all over India to open online stores. Among them are young entrepreneurs from Bihar selling mushrooms, and mom entrepreneurs and fashion entrepreneurs from various cities selling bags, shoes , clothes and accessories.

In addition, the editor learned that in 2020, Shopmatic generated $400 million in GMV from 5 million transactions, and the revenue data for 2021 is expected to exceed that of 2020. At the same time, it achieved $5.5 million in revenue in the first half of fiscal 2020, and also achieved positive EBITDA (earnings before interest, taxes, depreciation and amortization) one year ahead of its expectations .

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