January 12

MSME E-Commerce Enabler Shopmatic Sees 40% Revenue Growth Amid COVID; Aims to Turn Cash Positive in 2021

By Sandeep Soni 

Ease of Doing Business for MSMEs: E-commerce enabler Shopmatic, which focuses on small businesses and entrepreneurs, across India and other markets such as Malaysia and Hong Kong, and Singapore has registered over 40 per cent growth in revenues amid Covid for the April-December period, according to Co-founder and CEO Anurag Avula. The company is aiming to turn cash positive in the current year and has set a long-term target of becoming a $100 million business by 2024. “We have aggressive plans for 2021 to help SMEs go digital and will invest more to expand business in new markets in South East Asia,” Anurag Avula, CoFounder & CEO, Shopmatic told Financial Express Online.

Photo courtesy of Prachatai.

Source: Financial Express (link opens in a new window)

business development, digital inclusion, e-commerce