Craftsvilla.com becomes the only profitable ecommerce company in India by becoming cash positive in 2nd quarter, 2013

40144014a1

Craftsvilla.com, India’s largest online marketplace for Indian products which includes Indian jewellery, sarees, salwar kameez 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 Indian Rs  100 million 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 in India. 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 in India”, says Manoj Gupta, CEO of Craftsvilla.com

Craftsvilla.com today has more than 5000+ sellers who sell online  300,000+ Indian products to millions of customers directly.  Craftsvilla.com recently also launched an ‘Agent’ model which signifies  attempt by them to create similar impact on the demand side through a  model similar to the multi level marketing model used by Amway and  Tupperware in India.

Be Sociable, Share!


Mohit Bansal(23) is B.Tech in Electronics and Communication Engineering from Indian School of Mines, Dhanbad, India. He has interest in business and entrepreneurship and has published couple of research articles. He is also associated with various NGOs. He is with Techaloo when it was just in concept stage. The Techaloo site was not existing even then. Currently Mohit is working with Mu Sigma as a Business Analyst Profile.

One Comment

  1. mukesh patel says:

    Handycraftstores.com is an online handicrafts marketplace that let you discover the real world of handicrafts. With the help of this ultimate online platform we want to explore art of our artisan around the world to showcase their ultimate talent of creating unique and wonderful products like wood handicraft, clay handicraft, metal handicraft, glass handicraft, glass enamel product, fabrics, jewelery,paintings, leather handicraft, and much more type of handicrafts and they can sell their unique products online without investing. Buyers around the globe can browse the categories & shop the quality handicrafts products with very much of ease. Our registered vendors can get more business opportunities and explore their skills artisan can also be explore.

    Take a tour our website for see our products like wood handicraft, clay handicraft, metal handicraft, glass handicraft, glass enamel product, fabrics, jewelery, paintings, leather handicraft, and much more type of handicrafts at Handycraftstores.com

Leave a Comment

Current ye@r *

Close
Please support the site
By clicking any of these buttons you help our site to get better
Social PopUP by Timersys