In 2022, Shopsy witnessed a six-fold growth in customers transacting on its website. Around 40 per cent of the new users being added to Flipkart today come via Shopsy, which was 25 per cent earlier.
It also saw five times growth in products listed by sellers on its platform. Shopsy crossed over 100 million users in September 2022 ahead of its target timeline of early 2023. Today, over 68 per cent of Shopsy’s customers come from tier 2 and beyond markets in the country, with 40 per cent being first-time e-commerce shoppers.
Adarsh Menon, senior vice president and head, new