Craftsvilla.com becomes the only profitable ecommerce company in India by becoming cash positive in 2nd quarter, 2013.Craftsvilla.com, India’s largest online marketplace for Indian products which includes Indian jewellery, sarees, salwar suits 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 10Cr 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. 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”, says Manoj Gupta, CEO of Craftsvilla.com
Craftsvilla.com today has more than 5000 Indian sellers online who sell Indian products from across India, from Jammu Kashmir to Sikkim to Bhuj to Kozhikode in Kerala. Craftsvilla.com, which is empowering the small entrepreneurs, especially women, is truly creating bottomline social impact by giving a platform for these sellers to sell directly to millions of customers online. By achieving profitability, Craftsvilla.com has inched towards becoming an Indian ecommerce giant which will be here in India for decades.
Media Contact
Company Name: Kribha Handicrafts Pvt Ltd
Contact Person: Manoj Gupta
Email: Send Email
Phone: +91 9920175041
Address:21, Centrium, Lokhandwala, Kandivli (E)
City: Mumbai
State: Maharashtra
Country: India
Website: www.craftsvilla.com
Source: www.abnewswire.com
