To promote Cross Border Trade and offer a common platform for buyers & sellers across the two countries
New Delhi, September 11, 2015: India’s first and largest managed marketplace ShopClues looks set to raise the bar in the e-commerce segment once more by entering into a partnership with Korean International Trade Association (KITA). Through the partnership, which went live in August 2015, ShopClues will have access to 30000 Korean merchants who are registered with KITA on board its web and mobile platforms to initiate B2B and B2C trade options for them. This will lead to new additions in the existing categories of Cosmetics, Home & Kitchen, Electronics and Car Accessories etc. for ShopClues customers.
Speaking on the announcement, Sanjay Sethi, Co-founder and CEO, ShopClues, said, “ShopClues has always been known as a pioneer in the e-commerce industry owing to its innovative business approach. This agreement with KITA allows us to connect Indian online shoppers with merchants from Korea while also allowing Indian merchants to establish a foothold in the Korean market which is fast emerging as one of the most dynamic economies in the Asia Pacific region. Having established our dominance in the Indian e-commerce space, we now bring the benefits of Cross Border Trade through an online medium to the Indian market.”
ShopClues’ partnership with KITA will provide a major boost to Cross Border Trade (CBT) for the B2C market by supporting sellers and buyers from both countries in creating an account, sales, shipping and settlement service etc. on both ShopClues’ and KITA’s platforms. Joint seminars on Korea and India’s CBT Market will also be organised on a regular basis in order to share information on sellers and common business practices from the two countries.
ShopClues is India’s first and the largest managed marketplace with more than 60 million monthly visitors on its website. Founded in July 2011 in Silicon Valley , with 2.5cr listed products and over 2,50,000 + merchants, ShopClues aims to provide the best online shopping experience to its customers – starting from the great selection, low price, ease of use, fast delivery, and ending with the best customer service you have ever experienced. ShopClues ships in over 25k cities across India and has thousands of online stores. The company is run by energetic team of over 850 + people and is funded by leading institutional investors, is an Indian subsidiary of Clues Network Inc., a US Corporation and is based out of Gurgaon.