Online hyperlocal retailer Zopper aims to double its gross merchandise value (GMV) run rate to US$ 200 million by March 2016, on the back of strong growth in CDIT products.
“We connect the local sellers with customers, so that the customer gets the best deals and our partners can enjoy the benefit of better reach with an online presence,” Zopper Chief Executive Officer Neeraj Jain told PTI.
He added that it has an asset-light model since it does not own any warehouses or ship products to the clients.
Zopper has presence in 12 cities including Delhi, Mumbai and Chennai. It plans to expand its operations to 50 cities by the end of the fiscal.
“Our hyperlocal approach helps the customer get the best prices and shorter delivery times. We have about 10,000 sellers on board and we hope to take the number to 30,000,” Jain said.
The company counts Tiger Global Management, Nirvana Venture Advisors and Blume Ventures among its investors. It has raised about US$ 25 million in three rounds.