 | |
Type of site | E-commerce |
|---|---|
| Headquarters | Bengaluru, Karnataka, India |
| Owner | Flipkart |
| URL | www |
| Launched | 1 July 2021 |
Shopsy inc is an Indian B2C e-commerce platform launched by Flipkart in July 2021. [1] [2]
| | |
Type of site | E-commerce |
|---|---|
| Headquarters | Bengaluru, Karnataka, India |
| Owner | Flipkart |
| URL | www |
| Launched | 1 July 2021 |
Shopsy inc is an Indian B2C e-commerce platform launched by Flipkart in July 2021. [1] [2]
Flipkart introduced Shopsy in July 2021 [3] [4] as a mobile app that allowed people in India to launch their own online reseller business. [5] [6] [7] By August 2021, the app had adopted a zero-commission marketplace model. [8] [9] Later, Shopsy shifted its focus to become a B2C company. [10] In December 2021, the app launched e-grocery services across 700 cities in India. [11] [12] In March 2022, Shopsy appointed Indian actor Sara Ali Khan as its brand ambassador. [13]
Shopsy was earlier helmed by Flipkart's SVP – Growth & Monetisation, Prakash Sikaria until July 2022. [14] In the same month, Adarsh Menon, senior vice president, and head of new businesses at Flipkart, took over the leadership at Shopsy. [15] In August 2022, Shopsy had 100 million users. [16]
In September 2022, the company launched Grand Shopsy Mela for direct customers and eventually introduced a vernacular search for addressing the non-English speaking demographic. [17] As of December 2022, the mobile app had 11 lakh sellers with 68% of its customers coming from Tier-2 Indian cities. [18] In February 2023, Flipkart announced that Shopsy accounted for 40% of its new customers. [19] [20]
Shopsy is a zero-commission marketplace model for sellers in India. It is a digital commerce initiative by Flipkart, the Bengaluru-headquartered and Walmart-owned e-commerce company with over US$7.7 billion in annual revenue (FY 2022). [21] [22]