ShopClues Unveils ShopClues Surety to ensure best online Shopping Experience
Builds a scalable and cost effective audit system which works best for its marketplace model
New Delhi, 16 March 2017: ShopClues, India’s first and largest online marketplace with its diverse portfolio of over 5,00,000 merchants and over 2.5crore SKUs, launched a unique premium service – the Shopclues Surety Program, in order to ensure a hassle free shopping experience for its customers.
This premium service is in addition to the ShopClues Buyer Protection program which ensures an extensive 5 point quality check of the products along with the use of data analytics and secure dispatch to its customers in order to give them a seamless shopping experience. It is a scalable and cost-effective audit system which works best for the platform’s true marketplace model, unlike inventory-led models which involve storing products in large quantities.
The program ensures that each ShopClues Surety product is rated on a set of quality parameters, evaluated and identified through an extensive research by the category experts. In order to make it user-friendly, the platform marks out the rating of the products classified into ‘Best Buy’, ‘Great Buy’, ‘Value Buy’ or ‘Brand Authorised’. This allows the customer to make an optimal purchase decision while shopping on the platform.
For instance, a ‘Best Buy’ product is the best rated among all the 5 parameter quality check as the quality of the product is equivalent to that of branded products. A ‘Great Buy’ product is rated good among all the 5 parameters of the quality check as the product comes with good quality combined with the best pricing. A ‘Value Buy’ product meets all the 5 parameters of the quality check as it delivers all functional benefits and is value for money. A ‘Brand Authorized’ product is 100% genuine and is sold by a brand authorized merchant.
With an increased focus on customer experience, the idea of the Surety program is to guide and assure customers in their buying journey and facilitate the best in class experience.
Nitin Kochhar, VP – Categories at ShopClues, said, “We have built a robust evaluation system which is a combination of audits (5-point checks) and technology (using data analytics) which makes it scalable and cost effective. Storing millions of products in inventory is neither scalable nor cost effective. ShopClues, being a true marketplace, believes that this is the right model for India where there are lacs of merchants with good quality products and should have an equal chance of doing business on the platform.”
Talking about this initiative, Radhika Aggarwal, Co-Founder & Chief Business Officer, ShopClues said, “ShopClues has always differentiated its value proposition from other e-commerce competitors by offering a wide variety of unstructured portfolio of products from local and regional merchants.” She further stated, “This move is to give this large unstructured portfolio a structured approach. By accrediting products, we can provide our customers an unparalleled shopping experience.”
ShopClues is the first player to introduce a differentiated customer-centric innovation – “ShopClues Surety”, strengthens the e-commerce ecosystem and benefits buyers and sellers across nooks and corners of the country.
ShopClues is India’s first and the largest managed marketplace with more than 100 million monthly visits on its website and was founded in July 2011. With 5cr listed products and over 5,00,000 merchants, ShopClues aims to provide the best online shopping experience to its customers – starting from the great selection, good quality, low and value pricing, ease of use, fast delivery, and ending with the best customer service you have ever experienced. ShopClues ships to over 29k pin codes across India and has thousands of online stores.
The company is run by co-founders Sanjay Sethi & Radhika Aggarwal and an energetic team of over 1000 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.