![]() ![]() He did not disclose the total gross merchandise value that Shopsy is generating.Īfter the entry of Flipkart into zero-commision social commerce business, Amazon India in April bought Bengaluru-based Glowroad, which is into a similar business, in an all-cash deal. The seller base on Shopsy has remained at around 250,000 since December last year but over the last six months, it has recorded a 2.7-time increase in the units sold and a fourfold jump in the monthly new customer base.Įven though the reseller model, which Meesho popularised in the market, was at the core of Shopsy’s offering when it launched, Sikaria said two-thirds of Shopsy’s business came from direct sales to the end customer. He said at the time that there was "no such thing as social commerce" and that he saw Shopsy as an extension of commerce for a different set of users. Flipkart chief executive Kalyan Krishnamurthy in an interview in January told ET that scaling the grocery and Shopsy would be the priority for the company this year. ![]()
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