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LatestOne sales cross 5 mn mark

LatestOne sales cross 5 mn mark
Highlights

Mobile and tech accessories e-tailer LatestOne.com on Wednesday said that it has reached the five million orders shipment mark, which is counted since its operations in October 2014.

Hyderabad: Mobile and tech accessories e-tailer LatestOne.com on Wednesday said that it has reached the five million orders shipment mark, which is counted since its operations in October 2014.

The e-commerce company also announced an increase of 19 per cent on YoY in their Q3 results and have recorded a reduce in losses from 21 per cent in previous year to 12 per cent loss in this year.

Ameen Khwaja, CEO, Palred Online Technologies Pvt Ltd, said: “While quality comes at a cost, it need not be exorbitantly priced and unreasonably expensive, that is the belief driving our business. We are in the business of democratizing fast tech accessories, by making high quality mobile accessories available to everyone”.

The e-tailer owned by Indian shareholders has added on 18,000 sq ft facility in Kurnool, which has led to an increase in their order delivery. The company providing tech and mobile accessories such as bluetooth speakers and headsets, mobile covers, tablet accessories, cables, power banks, headsets, smart watches, mini android TV among others, stocks nearly 10,000 different products in its inventory and operates through its own fulfillment centers in Delhi and Kurnool. The site has received more than two lakh visitors and has crossed 3.5 million customer base.

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