Mercedes-Benz continues worldwide growth in unit sales at the beginning of fourth quarter

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Mercedes-Benz continues worldwide growth in unit sales at the beginning of fourth quarter
  • Last month, Mercedes-Benz surpassed its previous bestselling October with deliveries of 199,293 cars (+4.9%).
  • From January to October, a total of 1,924,536 vehicles were sold and worldwide deliveries increased by 1.0% compared with the same period of last year.
  • In China, the biggest market for Mercedes-Benz, record unit sales were achieved in both October and the first ten months of the year.
  • “We are satisfied with the unit sales achieved by Mercedes-Benz at the beginning of the fourth quarter, also in the context of the high prior-year basis. In view of the challenging environment for the entire industry, we can be proud of the impulses provided by our product offensive. And we are delighted with the positive feedback from customers on our new models,” stated Britta Seeger, Member of the Board of Management of Mercedes-Benz AG responsible for Marketing & Sales.

Mercedes-Benz GLC 300 d 4MATIC, graphite grey metallic, designo nappa leather two-tone platinum white pearl/black;Fuel consumption combined: 5.9-5.7 l/100 km; combined CO2 emissions: 157-151 g/km*

Stuttgart. Mercedes-Benz sold 199,293 cars worldwide in October, thus surpassing the prior-year month, which had been the bestselling October for the brand with the three-pointed star, by more than 9,000 units (+4.9%). The growth in October was largely driven by the new A-Class Saloon and the new GLC. The C-Class Saloon and Estate also boosted unit sales once again last month. Deliveries by Mercedes-Benz increased again in the months of January to October: sales of 1,924,536 cars with the star were 1.0% higher than in the prior-year period.


Mercedes-Benz C-Klasse Saloon (2018)

In the first ten months of the year, Mercedes-Benz maintained its market leadership in the premium segment in markets including Germany, UK, France, Spain, Belgium, Switzerland, Poland, Portugal, Denmark, Turkey, South Korea, Australia, Thailand, Canada, Republic of South Africa and other markets.


Mercedes-Benz A-Class Sedan, Iridium silver, Interior: AMG Line black, Artico / dinamica microfibre black

“We are satisfied with the unit sales achieved by Mercedes-Benz at the beginning of the fourth quarter, also in the context of the high prior-year basis. In view of the challenging environment for the entire industry, we can be proud of the impulses provided by our product offensive. And we are delighted with the positive feedback from customers on our new models,” stated Britta Seeger, Member of the Board of Management of Mercedes-Benz AG responsible for Marketing & Sales. “In addition to the new compact cars, our new SUVs are also extremely popular: With the GLC and the GLC Coupé, we actually set a new record for an October. This means that the GLC is well on its way to becoming the bestselling SUV in the Mercedes-Benz portfolio once again in 2019.”

Mercedes-Benz unit sales by region and market

A total of 81,017 Mercedes-Benz cars were delivered in the Europe region in October – a new October record (+1.3%). From January to October, unit sales in the region increased by 0.6%. In the core market of Germany, deliveries increased by 5.3% to the number of 30,763 vehicles. This means that in the first ten months of the year, unit sales in Germany were significantly higher than in the prior-year period with a plus of 5.0%. In Poland, Sweden, Portugal, Denmark and Hungary, new records were set for unit sales in October.

In the Asia-Pacific region, Mercedes-Benz posted best-ever sales in October; deliveries increased by 10.9% to 80,312 units sold. A key driver once again was China, the region’s core market. With 57,142 Mercedes-Benz cars sold in October (+13.8%) and 583,032 from January to October (+5.8%), two new records were set for unit sales. In addition, in South Korea, more Mercedes-Benz cars were sold than ever before in October.

Unit sales in the NAFTA region increased slightly in October compared with the prior-year month to the number of 33,264 cars (+1.5%). In the United States, the region’s core market, sales were also slightly higher than in October last year with a total of 27,867 units delivered (+1.2%). As in September, deliveries in Canada increased once again in October.

Mercedes-Benz unit sales by model

Sales of compact cars remained at record levels both in October and in the first ten months of the year: 546,100 units of the A- and B-Class, CLA Coupé, CLA Shooting Brake and GLA were delivered in the first ten months of this year (+9.8%), and deliveries in this segment increased last month by 3.3%. Within this category, worldwide sales were driven in particular by the A-Class Saloon. The sales of the new CLA Coupé also had a positive effect, among other things with two-digit growth in Europe.

Worldwide deliveries of the C-Class Saloon and Estate increased in October by 6.5% to 31,800 units, and deliveries of 335,100 units in the first ten months of the year were also higher than in the prior-year period (+1.3%). The long-wheelbase version of the C-Class Saloon posted new records both last month and from January to October. Overall, the C-Class has been the bestselling model from Mercedes-Benz for more than ten years.

A new record was achieved in the SUV segment for October: More than 69,500 units of GLA, GLC, GLC Coupé, GLS and G-Class were in line with a sales increase of 2.2% last month. In particular, the new GLC and GLC Coupé, the GLE and the G-Class have achieved double-digit growth. The new GLC and the GLC Coupé also reached a new record value for deliveries in October. In particular, the new GLC and GLC Coupé, the GLE and the G-Class have achieved double-digit growth. The new GLC and GLC Coupe also recorded a new maximum value for deliveries in October.

smart

From January to October, 96,245 vehicles of the smart brand were delivered worldwide (-10.5%). Unit sales in Germany, France and Austria in the first ten months of the year were once again significantly higher than in the prior-year period. With the current generation of smart’s two-door and four-door urban microcars, the development of unit sales was affected in October by lifecycle factors due to the upcoming model update that was presented at the Frankfurt Motor Show in September, in combination with very high unit sales in the prior-year period.

Overview of Mercedes-Benz Cars unit sales

  October 2019 Change in % Jan. – Oct. 2019 Change in %
Mercedes-Benz 199,293 +4.9 1,924,536 +1.0
smart 8,469 -24.4 96,245 -10.5
Mercedes-Benz Cars 207,762 +3.2 2,020,781 +0.4
         
Mercedes-Benz unit sales in the regions/markets        
Europe 81,017 +1,3 773,550 +0,6
– thereof Germany 30,763 +5.3 259,500 +5.0
Asia-Pacific 80,312 +10.9 811,591 +3.1
– thereof China 57,142 +13.8 583,032 +5.8
NAFTA 33,264 +1.5 298,411 -2.1
– thereof USA 27,867 +1.2 252,079 -0.3

Watch Shade Corner Episode 9- Dating In Lagos

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Watch Shade Corner Episode 9- Dating In Lagos

Dating is one of the most controversial topics among young people globally, and there is no doubt that dating in Lagos is regarded as an extreme sport. From finding the right person to getting the right places to go on ideal dates and even online dating, it’s no doubt a struggle to navigate these terrains.

On this episode of Shade Corner, The shady bunch sit with Chef, SoliatBada who is also the host of Accelerate’s cooking show Off the Menu. They get into the dynamics and struggles of dating in Lagos.  Tamara, Akah, Noble and Bayo go on to share some of their experiences of dating in Lagos, segueing into how some men feel entitled to ladies who state clearly that they are not interested in dating them.

They also touched on long-distance relationships within Lagos when considering the journey from the mainland and island.

OPEC’s World Oil Outlook 2019: Implications for Nigeria

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OPEC’s World Oil Outlook 2019: Implications for Nigeria

Recently, the Organization of Petroleum Exporting Countries (OPEC) released its World Oil Outlook for 2019. The medium-term (2019-2024) outlook for oil demand was revised lower, with total incremental demand at 6.1mb/d (down 16.4% from 2018). Also, oil supply forecasts were reduced, with total incremental supply, down by 38.3% to 6.0mb/d.

Following the release of the outlook, we note a few things likely to impact Nigeria, being a major oil producer. Notably, OPEC‘s medium-term estimates revealed the continued elevation of world oil supply above demand, which could pressure crude oil prices
lower, thus weakening future oil revenues for Nigeria. Additionally, global growth is slowing, as effects of trade wars, weakening fiscal stimulus and uncertainty are weighing on investment and productivity in major economies. With oil demand dancing to the tune of economic activity, a continued decelerating trend is not far-fetched. Also, the OPEC highlighted the increasing push for cleaner energy as substitution of oil, as growing policies on emission favour alternative sources of energy.

While the above-mentioned points threaten the long-term sustainability of Nigeria’s oil revenues, in the near term, we could see marginally stronger prices, augmented by further possible OPEC production cuts. However, should Nigeria fail to secure an exemption from future production cuts, the overall price increase will be clouded by lower output, thus capping revenue?

United Capital Research

Turkish Airlines Will Start To Fly To Xi’an Of China

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Turkish Airlines Will Start To Fly To Xi’an Of China

Beginning its flights to China back in 1999 with Beijing destination, Turkish Airlines, the airline that flies to more destinations in the world, is connecting Xi’an to its flight network as its fourth destination in mainland China after Beijing, Shanghai and Guangzhou on the 20th year of its presence in the country.

After the meeting between Turkish Airlines Chairman of the Board and the Executive Committee, M. İlkerAycı and Secretary of the Shaanxi Province Party Committee, Hu Hepingon 5 November 2019, an agreement was made for Turkish Airlines to start its flights to Xi’an destination.

Xi’an flights will initially be three frequencies a week as the flights are being planned to start at the end of 2019 while they are set to increase gradually as the 2020 summer schedule begins. With the launch of Xi’an flights, Turkish Airlines’reciprocal flights to China will increase to 24 flights a week.

On the flag carrier’s new Xi’an flights, Turkish Airlines Chairman of the Board and the Executive Committee, M. İlkerAycı said; “We expect that the Xi’an flights will contribute to the tourism, trade, culture and economy connections between the two countries. I believe that the transportation bridge built by us will facilitate positive developments beneficial to both communities that have relations deeply rooted in history.”

Peter Joel, MVP Of 2019 NPFL-LaLiga U-15 Tournament Experiences LaLiga

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Peter Joel, MVP Of 2019 NPFL-LaLiga U-15 Tournament Experiences LaLiga

2019 NPFL/LaLiga U15 Promises Tournament Most Valuable Player, Peter Joel has returned from his LaLiga training in Spain. Peter Joel helped his team, Delta Force F.C., to a third-place finish at the 2019 edition of the tournament earlier in the year, travelled to Malaga, Spain last month where he trained with the Malaga C.F youth team.

As part of the trip, Peter Joel was able to enjoy very closely the Malaguista team and toured the La Rosaleda stadium and the city of Malaga. This trip which is the first time an NPFL U15 player visits Spain reinforces LaLiga and NPFL’s commitment to developing grassroots and juvenile football in the country. Since its inception in 2017, the tournament has seen over 900 players participate and has also presented the opportunity for over 200 youth coaches to be professionally trained.

MVP 2019 NPFL/LaLiga U15 tournament, Peter Joel expressed his delight on having the opportunity to visit Spain and train with Malaga C.F. He said, “It has been my desire to play in Europe and it was a dream come true to have this experience. Although I spent a short time with the team, I learnt a lot and developed my skills especially in terms of my tactical and positional play. I also enjoyed exploring the beautiful city of Malaga and since I returned, my wish is to become a legend of Malaga CF”.

Speaking about the initiative, LaLiga Delegate in Nigeria, Guillermo Perez Castello said, “We want to thank Malaga C.F for giving Peter the opportunity to nurture and develop his talent. We hope that this platform continues to enable as well as encourage other upcoming youngsters across the world to pursue their football dreams”.

“We are once again delighted to have the opportunity to help in developing young talents across Nigeria. This country is very passionate about football and we will continue to aid its development through our partnerships particularly with the NPFL”, Guillermo Perez Castello added.

Also commenting, Chairman of the League Management Company, LMC, Mallam Shehu Dikko expressed his excitement with the outcome of the tournament and the impact it is making on young footballers in Nigeria.

“We are excited about the opportunities this tournament is creating for young players like Peter, the trip to Spain to train with LaLiga team, Malaga was a reward for Peter’s overall brilliant performance that helped won his team a bronze medal. We are committed to developing football from the grassroots as we believe this has a great impact on football development in the country. We’d like to thank our partners, LaLiga who have been supporting us on this project since its inception two years ago”.

The NPFL-LaLiga U-15 Promises Tournament which was modelled after the LaLiga Promises tournament in Spain was created to properly develop young talents using the LaLiga methodology and encourage NPFL Clubs to set up and maintain youth structures.

Nigeria Rugby Sevens Names Squad, Arrive South Africa For Olympic Qualifiers

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Nigeria Rugby Sevens Names Squad, Arrive South Africa For Olympic Qualifiers

Coach Bronson Weir today announced the Nigeria Rugby Men’s Sevens squad that will be on duty at the 2019 Rugby Africa Men’s Sevens Tournament in Johannesburg, South Africa.

The tournament will be held on the 8th and 9th of November, 2019 at the Bosman Stadium in Johannesburg, South Africa where Fourteen teams will compete: Zimbabwe, Kenya, Uganda, Madagascar, Zambia, Tunisia, Senegal, Morocco, Namibia, Ghana, Botswana, Mauritius, Côte d’Ivoire and Nigeria.

The Tournaments will be played over two match days and the winner of “Africa Men’s Sevens” will be 2019 African Champion and also qualify to the Summer Olympics Games in Tokyo, Japan in 2020.

Nigeria has been drawn to play defending champions; Zimbabwe on 8th November 2019 at 10:00 am (South African time), 8:00 am Nigerian time.

“The boys have worked hard over the last two and a half weeks, we have had to replace a few players due to injuries sustained whilst on club duty. Thankgod Okafor- Portugal (Ankle)  and Alex Onyeahasi- Germany (Harmstring). Coach Bronson was at Chester, UK to have a look at the UK based boys at the AF International 7s where Nigeria played against USA, France, Ireland and Jamaica and we have injected a few of those boys from into this squad. We look forward to seeing what the team can produce over the weekend”.  says Teams Manager; Dele Coker.

The team arrived Johannesburg via Kenya Airways and will be playing a warm-up match today against Centurion 7s.

Black Stallions will be captained by Onoru Jatto.

1. Onoru Jatto (Captain)
2. Azeez Ladipo
3. Nuhu Ibrahim
4. Declan Nwachukwu
5. David Oyekanmi
6. Isaac Agholor
7. Samuel Ekpo
8. Joshua Etim
9. Akpabio Samuel
10. Blaise Felix
11. Chinedu Joseph
12. Felix Maduchem

FMN Flies Newlywed Couple Mr. & Mrs. Olaleye On An All-Expense Paid Honeymoon To Dubai

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FMN Flies Newlywed Couple Mr. & Mrs. Olaleye On An All-Expense Paid Honeymoon To Dubai

Love is indeed sweeter with Golden Penny foods. Just ask David Olaleye and his lovely wife, Enitan. They are on their way to Dubai for a 5-night, all expenses paid honeymoon after they emerged winners of the Golden Penny ‘Feed your love,’ campaign.

The Olaleyes was full of smiles at the presentation ceremony held in Lagos recently. The couple were received by the MD, Foods Division, Mr Devlin M. Hainsworth, and the Head of Marketing, Rita Tsehai, at the Head office of Flour Mills of Nigeria, in Apapa.

Speaking at the event, Rita Tsehai had informed that the social media campaign which commenced since July 2019, culminated in October 2019 with the Olaleye’s emerging as winners of the ‘Grand Prize.’ During the campaign period, Golden penny had attended the wedding ceremonies of 7 couples across 6 cities in Nigeria, including, Lagos, Ibadan, Akure, Edo, Warri and Kaduna.

At each of the locations visited, guests were treated to several sumptuous local delicacies prepared by the “Feed your love” catering team, led by Instagram influencer Gina Ehikodu (@geenafoodiesandspice). In addition to serving meals and handing out gift packs at their weddings, each of the seven couples was also gifted with a 3-months’ supply of all Golden Penny food products.

“We are always delighted to welcome new households into the Golden Penny Family,” said Rita during the presentation ceremony.

“Like most newlyweds, they deserve all the support they can get as they embark on this new experience together. And we are only happy to be a part of the journey, by ensuring that they have access to all the delicious and nutritious family favourites that Golden Penny is known for.” She added.

Speaking on the structure of the campaign, Rita disclosed that couples entered the ‘Feed Your Love’ campaign by submitting a short video message, disclosing why they loved Golden Penny. Several entries were received, but only 7 of these entries were adjudged winners after their posts received the highest interactions. The 7 couples from the first round then had to post a second set of videos after their weddings. The couples whose video got the most interaction after this process was later selected as winners of the Grand prize of an all-expense-paid honeymoon to Dubai.

Mr and Mrs Olaleye were full of thanks and encouraged the company to continue with a season 2 of the “Feed your love” campaign.

 “Although we were hopeful, I really didn’t think we could win. As a matter of fact, we had friends who still doubted the campaign until we were announced as winners.” She said.

“I am so thrilled and grateful to Golden Penny. Our bags are already packed; we are leaving for Dubai tomorrow.” She added with her eyes twinkling with excitement.

Flour Mills has advised their consumers to stay glued to the social media pages (@thefmngroup and @gpennyfoods)and look out for the commencement of season 2 of the Golden Penny “Feed Your Love” Campaign.

Ain’t No Such Thing As A Free Lunch – LBS Executive Breakfast Session (November 2019)

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Ain’t No Such Thing As A Free Lunch – LBS Executive Breakfast Session (November 2019)

When it rains, it pours

It is raining taxes! The plethora of taxes across various sectors of the economy has left Nigerians worried about their economic prosperity in 2020. A month to Christmas and the Nigerian consumer is worried about the spike in the price of rice, rising tax burden and falling external reserves.

The justification for the numerous taxes is to increase the government’s non-oil revenue and Milton Friedman’s statement that ‘ain’t no such thing as a free lunch’. Whilst this may be so, policymakers must remember Adam Smith’s recommendations of a good tax system – equality, certainty, economy and convenience.

Bleak Outlook

EIU’s outlook on the Nigerian economy appears gloomy. It is of the view that forex restrictions and the VAT increase could push inflation higher in the coming months. Recent data also shows that two of the five states with the highest IGR & FAAC allocations, which are oil-producing states, have been unable to convert higher revenue into a better quality of life for their citizens. Rivers and Delta state have high revenue, high debt but paradoxically have high inflation and unemployment rates. This is a wakeup call for oil-producing states.

In this edition of the LBS Breakfast session, Bismarck Rewane and the FDC Think Tank put these economic and political issues in perspective for the benefit of your business and portfolio strategy.

Download The LBS Executive Breakfast Session – November 2019

New Economic Impact Study shows that Singapore SMEs financed by SME financing platform Validus Capital contributed over S$400 million in GDP in 2018

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New Economic Impact Study shows that Singapore SMEs financed by SME financing platform Validus Capital contributed over S$400 million in GDP in 2018

  • Validus Capital (Validus) is
    filling a critical financing gap for SMEs across industries to fuel SME growth
  • GDP contribution from Validus
    financed SMEs grew by 18 per cent as compared to     8 per cent from
    businesses overall
  • Validus lending has supported
    over 10,000 jobs in Singapore and SMEs who obtained financing from Validus
    experienced strong employment growth of 12 per cent

SINGAPORE – Media OutReach – 7 November 2019 – Singapore’s top SME financing platform Validus
Capital (Validus)
today announced that small and medium-sized enterprises (SMEs) that received financing through  their platform has enabled them to grow their
business. It was found that these SMEs
contributed S$403 million to Singapore’s gross domestic
product (GDP) and supported over 10,000 jobs in the country, based on data from 2017
and 2018. With this trend, Validus expects that their financed SMEs are
expected to contribute an additional S$500 million in 2019 — given that
disbursals this year have exceeded the combined amount in the past two years —
bringing the total to close to S$1 billion in GDP contributions across 2017, 2018
and 2019.

Vikas Nahata, Executive Chairman & Co-founder of Validus, sharing the findings of Validus Economic Impact Study

 

The study was conducted by Steward Redqueen, a leading
consultancy firm focused on impact management and sustainable entrepreneurship.

 

SMEs are the backbone of Singapore’s economy and
workforce. In 2018, SMEs contributed 48 per cent to Singapore’s GDP and employ
72 per cent of the country’s workforce[1].
However, many of them continue to face challenges in gaining access to
financing required to grow their business. Many do not have a solid track
record of having credit and collateral, and this prevents them from securing a
bank loan to grow their business. SMEs being light in fixed assets means that
banks will often take a longer period to approve their request.

 

Steward Redqueen’s study demonstrates how
Validus’ financing positively impact both the SMEs and wider economy. SMEs that
obtained financing from the platform experienced a 17
per cent increase in their annual revenue in 2018. GDP contribution from
Validus-assisted SMEs grew by 18 per cent. This is in contrast to the overall
GDP contribution by Singapore’s businesses of 5 per cent1 in the
same year. In addition, SMEs who obtained financing from Validus experienced a
robust employment growth of 12 per cent as compared to 1 per cent the overall
employment growth of Singapore’s businesses1.

 

“Validus is proud to be able to contribute to the
growth of Singapore SMEs. We want to provide growing SMEs faster access to zero-collateral
financing. The findings from Steward Redqueen’s study is a testament that our
online financing solutions are on track to make a significant impact in
plugging Singapore’s SME financing gap. As Validus prepares to apply for the
Digital Wholesale Banking licence in Singapore, we are confident that the
socio-economic impact will be positively higher given the digital
transformation that could be made possible through a digital banking licence,” said Vikas Nahata, Co-Founder and Executive Chairman,
Validus Capital. 

 

SMEs are seeking financing solutions to
drive sales, expand their local operations and internationalise their business.
Validus is filling a critical financing gap for SMEs across different
industries by leveraging the use of Validus’ proprietary technology to provide
efficient and flexible financing solutions that are customised to the needs of
the respective SME borrower.

 

Nahata added, “Many businesses continue to
hold the belief that having debt on their balance sheet is detrimental. Our
study reinforces that debt can be a growth-enabler when prudent capital
management is exercised. In order for us to continue serving the SME community,
we are partnering with banks and corporates who have SME vendor ecosystems to further facilitate affordable growth financing. This
allows more SMEs to tide through Singapore’s challenging economic environment,
while bringing innovative ideas to fruition and grow their business.”

 

“To estimate the impact results, we trace
how financial flows associated with Validus’ financing circulate in the
Singaporean economy. These flows are traced using the input-output (IO)
methodology; which is to a great extent developed by the Nobel Prize winning
economist Wassily Leontief and is commonly used by economists to quantify
indirect impacts. Notwithstanding its limitations, this approach provides
robust estimations and is the ‘go-to’ approach for many development finance
institutions around the globe,” said Tias van Moorsel, Managing Director of
Steward Redqueen Singapore.

 

Singapore’s economy grew by 0.1 per cent year-on-year (y-o-y) in the third quarter
of 2019,
narrowly avoiding a technical recession[2].
On an annual basis, the Ministry of Trade and Industry (MTI) revised its growth
estimates to be between 0 and 1 per cent in 2019. Furthermore, SMEs are expecting their turnovers to be lower in the next two
quarters
owing to global macroeconomic conditions.

 

Earlier
in February 2019, Validus raised S$20.5 million in an oversubscribed Series B
funding round led by Dutch public-private development bank FMO and invests in
private sector growth in emerging markets. In July, Validus announced its plans
to be among the first Singapore fintechs to apply for a digital bank licence in
Singapore, with a vision to create
an inclusive, 360-degree solution for SMEs in
Southeast Asia. 

 

Validus also officially launched its
Vietnam entity, Validus Vietnam, yesterday in Ho Chi Minh City as part of
the company’s goal to drive business financing for SMEs in Southeast Asia.

[1] Singapore Department of
Statistics, 2018

[2] A technical recession is
defined as two consecutive quarters of negative quarter-on-quarter growth.

About Validus Capital

Founded in 2015, Validus Capital is
Singapore’s largest SME financing platform, and has facilitated over S$300
million in business financing to SMEs in Singapore to date. Backed by AAA-rated
Dutch Development Bank FMO and Vertex Ventures, Validus holds a Capital Markets
Services Licence by the Monetary Authority of Singapore (MAS), and its
Indonesian arm Batumbu has received OJK registration in April 2019. As a
catalyst of sustainable growth for SMEs, Validus connects accredited investors
to SMEs through its peer-to-business lending platform, that is powered by
proprietary technology leveraging a secure and robust cloud infrastructure as a
delivery mechanism. For more information, please visit www.validus.sg.

Shopmatic brings a volley of power-packed features, aiding merchant discoverability & success

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Shopmatic brings a volley of power-packed features, aiding merchant discoverability & success

  • Launches POS feature to enable
    omnichannel sales 
  • Joins
    forces with OnlineSales.ai to help customers leverage AI-enabled marketing
    automation

SINGAPORE – Media OutReach – November 7, 2019 –
Determined to enable online & offline success for small businesses and
aspiring entrepreneurs, international e-commerce enabler Shopmatic has launched
a volley of exciting new features to enable merchant discovery and success when
they bring their businesses online. The fast-emerging e-commerce leader has
launched a new POS feature on its platform that simplifies inventory management
and expedites order generation. Furthermore, the brand has partnered with
OnlineSales.ai to help its merchants benefit from the repertoire of AI-enabled
marketing automation services.

 

The new Shopmatic Point of Sale
feature was built especially for merchants participating in exhibitions, flea
market, and / or any physical events to support reconciling the offline and
online orders creating an omnichannel experience for the merchant. Taking the
pain away from inventory and bulk order management, the feature is optimised
for mobile browsing. 

The
Shopmatic partnership with OnlineSales.ai, businesses can now utilise
cutting-edge advancements in AI to promote their businesses online. The
platform can reach over 1.2m shoppers every month and supports merchants
through cross-channel marketing across Google, Facebook and Affiliate Marketing
by allowing businesses to pre-determine a specified daily budget to run
efficient digital marketing campaigns for their individual brands. The tool is
simple to use and puts the control in the hands of the merchant whilst keeping
the cost transparent.

 

Shopmatic has always focused on
helping small businesses and aspiring entrepreneurs on its platform drive
visibility and growth. The successful launch of Shopmatic World, a disruptive
discovery platform that curates the stories of its various merchant products
continues to drive online shoppers to their individual web stores, the
partnership with OnlineSales.ai now allows merchants to take ownership of their
own advertising. 

 

Commenting on the latest
developments, Anurag Avula,
Co-Founder & CEO of Shopmatic said, “We are driven with the vision
to enable the online and offline success of our merchants. We are excited to
announce launch of Shopmatic POS and our partnership with OnlineSales.ai. The
partnership has been built on a strong foundation of our shared passion towards
enabling better prospects for our customers in the e-commerce & retail
landscape”. 

 

Ashish Mehta, CEO OnlineSales.ai
added, “The world of online commerce could be overwhelming for small-scale
businesses, lacking the required funds or technical knowledge. To the same end,
Shopmatic has certainly changed the status quo and has been levelling the
playing field for aspiring businesses. At OnlineSales.ai, we find it as an
incredible opportunity to join forces with Shopmatic and utilise our tech
expertise in enabling the online success of small businesses and aspiring
entrepreneurs at the platform.”

 

Till date, Shopmatic has
enabled the online success of over 300,000+ businesses. It has constantly
persevered to bring the latest tech advancements on its platform, determined to
enable the online success of small businesses and aspiring entrepreneurs in
emerging markets. Shopmatic had recently acquired CombineSell and Octopus
Retail Management to help merchants promote their products across marketplaces
and offline retail spaces. Endeavoring to consolidate its presence as an
e-commerce and omnichannel leader, Shopmatic plans to continue its spree of
launching exciting and cutting-edge features to enable the success of merchants
on its platform.

About Shopmatic

Founded in December 2014, Shopmatic has been driving game-changing
strategies in the ecommerce space and has engineered itself to stay focused on
helping its customers succeed.

 

With its recent acquisitions of Octopus and CombineSell, Shopmatic is driving an omnichannel play for individual entrepreneurs
and businesses in emerging markets, by enabling the entire
ecommerce-&-retail-management ecosystems for them to succeed.

 

From a domain name to easy
integrations with domestic and international payment gateways and shipping
partners, to getting discovered via a unique, curated platform- Shopmatic World
to POS, Inventory Management and CRM solutions, Shopmatic helps business owners
manage the full spectrum of what is required to grow their business.

 

Shopmatic is headquartered in
Singapore with a presence in India, Hong Kong, China, Malaysia, Philippines and
UAE. The company is quickly expanding to the rest of South-East Asia, this
year.

 

Shopmatic has raised 20 M SGD
from its incorporation till date with August One, SEEDS Capital and a
consortium of investors.

 

For more information, please
visit www.goshopmatic.com or contact media@goshopmatic.com

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