Today, we have the successful Internet Entrepreneur Mr. Saurabh Jain with us. He is the owner of one of leading coupon website Shoppal.in. It is an opportunity to hear his success story in his own word. This interview is full of information and inspire you to work smart towards your goal. I am damn sure that you will love it, so don’t forget to comment and share.
Interview with Mr Saurabh Jain of Shoppal.in
Saurabh: During my engineering and later during my brief stint in the corporate world, I came across various online shopping sites. While purchasing goods, I used to keep a watch out for discounts or sale. Sometimes I would succeed, but many I would end up paying more for the goods.India’s online retail industry has grown at a rapid pace in the last five years, from a revenue of around Rs. 15 billion (US$ 249.64 million) in the year 2007–08 to Rs 139 billion (US$ 2.31 billion) in 2012–13, translating into a CAGR of over 56 per cent. The ninefold growth came as a result of increasing internet penetration and changing lifestyles, and was primarily driven by books, electronics, apparel, beauty and personal care.
According to Crisil Research, the online retail business in India is expected to grow at a whopping 50–55 percent annually to become a Rs 50,000 crore (US$ 8.32 billion) business in the next three years. The launch of Shoppal was aimed to help and guide the ever increasing population of online shoppers’ population and enable them to purchase the quality products at best possible prices by being the one stop discount shop.
Saurabh: Online shopping is a household name now. It started with Jobs, matrimony, irctc (railway reservation portal) and now has indulged itself in property, food, fashion, travel and what not. People now people feel far more secure and comfortable than they felt a few years back. Though, I would request shoppers to first analyze new emerging portals. The shoppers’ can always refer the help services on shoppal.in through our forum. Kindly refer our blog and then only initiate transactions with new portals on the block.
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