Flipkart’s Shopsy reports revenue growth during festive period

By

Maverick Martins

Published
Dec 1, 2021

Flipkart’s social commerce platform Shopsy’s revenue grew over four times during the festive period as compared to the non-festive sale period.
 

The platform’s user base during the festive period grew by over three times, as against the non-festive period. Fashion, beauty, and home categories contributed the highest to its growth during the festive period.
 
Commenting on the growth, Prakash Sikaria, senior vice-president growth monetization at Flipkart, in a statement said: “With the 200 million digital consumers coming from tier 2 and 3 cities, we want to build a community that truly democratises commerce in the country. The social commerce landscape in the country is evolving at a fast pace, and with Shopsy we are building a sustainable platform backed by our technology prowess.”

Shopsy was launched by Flipkart in July 2021 to make digital commerce accessible across India through a zero-commission marketplace. Shopsy has over 2.5 lakh sellers on the platform who provide 150 million products across 250 categories.