Fabmall buys Indiaplaza.com

Fabmall.com an online retailing company has acquired Texas based Indiaplaza.com. Now combiendly they will operate under the name Indiaplaza.com. The business will be managed out of India and it will have operations and logistics both in India and United States. The company now will have strength of 75 employees with 2 warehouses one in Banglore (India) and another in Texas and a catalogue of 3.5 million products.
The acquisition will give the company a large customer base in the US as well as US based logistics and the vendor management system. The company will be benefited from the existing NRI customer base that Indiaplaza already had. Fabmall hopes to tap business from 20 million NRIs all over the world. The US alone has one million Indians living there. Every year, they are expected to gift products worth at least $100 each to their relatives here, which translates into business worth $25 million.

Last year Fabmall registered the growth of 30 percent quarter on quarter in revenue and the company plans to spends 5555555 US $ on marketing in the next 2 years.

Maximum numbers of transaction are gift items, books, mobiles and lifestyle products. One of their fastest moving categories is jewelry and home appliances.

More Related Topics


Post a Comment

Helpful Topics For Ebay and Amazon Sellers

Ebay Store or Auctions? Which is best to sell?

Amazon or Ebay? Which is more poweful to sell?

Tips to make an Effective Ebay Template?

Things to Do before listing first item on Ebay

How to earn money on Ebay? What Experience Says!!

Is your Amazon Seller Account Blocked? Tips to reopen


Digg This Post   Add to Technorati Favorites    Subscribe in a reader  Powered by Blogger

..........Add to Google Subscribe in Bloglines Subscribe in NewsGator Online Add to My AOL Add to Plusmo Add to Bitty Browser..........