Faridabad Aone News/ Dinesh Bhardwaj :13th March, 2018 India’s first biggest digital mall is to be launched in Faridabad soon. Mallidays Infotech Pvt Ltd is all set to launch DIGITAL MALL OF INDIA marketplace in 20 Indian cities, including Faridabad, Delhi, Gurugram, Noida, Ghaziabad, Mumbai, Bengaluru, Hyderabad, Chennai, Coimbatore, Ahmadabad, Lucknow, Bhubaneswar, Mysore, Mangalore, Pune, Chandigarh, Dehradun, Jaipur, and Ludhiana. Registrations for the same have been already started.
Speaking during a press meet at Hotel Delite Grand Faridabad, Mr. Rishabh Mehra Managing Director of Mallidays Infotech Pvt Ltd, said, “We are glad to announce that we will start Digital Mall of India soon from Faridabad. Growing at a steady rate of 50-60 percent a year, the Indian e-tail market is expected to reach $80-100 billion in gross merchandise value (GMV) by 2020. I truly believe that e-commerce is the future of retail and it will play a big role in India specifically. With an internet user base of over 400 million, India has third largest internet population after US & China. E-Commerce, in-spite of the opportunities it presents, also poses certain challenges for sellers like heavy commission charged by marketplace, delays in settlement of cash payments leading to working capital issues, many suppliers for the same category. It also incurs more cost than traditional logistics due to returns, long delivery time, lack of touch and feel; payment on delivery not available on all categories and locations, fake products, online supplier does not have offline presence. Digital Mall of India is a solution to almost all the problems that online shopping is currently facing.
Mr. Rishabh Mehra further added, “The innovative concept of digital malls wherein one can buy and rent e-shops will add a new dimension to investment options. The prudence of investing in real estate has been under the scanner with shrinking Return on investment figures and it is in this scenario that the concept of investing in Digital Real Estate is taking shape. Each city will have a different mall with minimum 5000 shops. We have opened the sale of Digital shops in the Noida mall with total inventory of 500 crores. Each mall will have exclusive retail shops, hypermarket, food court, digiplex, online club and a gaming zone.”
About Mallidays Infotech Pvt Ltd: Founded in December 2016, Mallidays Infotech Pvt Ltd aims to establish itself as an innovative and agile company embracing the tremendous digital opportunities seen to develop new products and business models.
About Digital Mall of India: Digital Mall of India brings together the best of offline and online worlds, the shopping experience of an offline mall where brands have dedicated shops and convenience of online shopping where we get unlimited selection and benefit of buying anytime, anywhere. Each mall in a city is different in spite of being the part of the same portal. It is developed on a scalable, robust, secure and reliable technology to manage an ecosystem of brands.
It offers great opportunities for the investors who buy a digital shop as they get monthly rental from the first month, for vendors who take the digital shop on rent as they get exclusive rights to sell their brand/category for the entire city with settlement the same day and the shoppers who will get great deals from their local vendors as it is a zero commission/zero revenue sharing model which will make the product cheapest by the same vendor in any marketplace with delivery within 24 hours.