Flipkart-led Shopsy's revenue rises 4x backed by festive purchases

Shopsy’s active user base grew 3.7x to what it was before September 2021.

December 01, 2021 10:54 IST | India Infoline News Service
Flipkart’s social commerce platform Shopsy, continues to witness strong growth through its consumers, sellers and resellers from across the country.

Backed by festive fervor, the platform has seen 3.6x growth in new app downloads, crossing the 10 million+ mark on the play store, within five months of its launch. Since July 2021, Shopsy has received an overwhelming response from consumers and resellers across the country who hopped onto the platform for their ‘shop & earn’ needs.

Shopsy clocked in 4x revenue growth during this festive period, compared to the non-festive sale period, making it the top social commerce platform for consumers across the country. The platform's active user base grew 3.7X to what it was during the non-festive period. For Shopsy, categories including fashion, beauty, general merchandise and home (BGMH) led the growth story in October.

Prakash Sikaria, Senior Vice President - Growth and Monetization, Flipkart, said, “With the n200 million digital consumers coming from Tier 2 and 3 cities, we want to build a community that truly democratizes commerce in the country. The social commerce landscape in the country is evolving at a fast pace, and with Shopsy we are building a sustainable platform backed by our technology prowess.

Small businesses and sellers see immense benefit on what Shopsy as a platform has to offer them- ranging from zero commission to free shipping facilities. We continue to ensure digital commerce reaches the length and breadth of our country and help make lives better.”

Kumud Jindal - Samridhee Creations, a seller with Flipkart’s Shopsy from Jaipur, said “With Shopsy our ability to reach a wider audience base has increased drastically, as we leverage the power of technology to drive up sales. The fact that Shopsy charges 0% commission from sellers also adds to its charm.”

Shopsy was launched by Flipkart in July 2021 with the aim to make digital commerce accessible across India through a zero-commission marketplace to boost local entrepreneurship.

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