wordpress blog stats
Connect with us

Hi, what are you looking for?

Luxury Commerce Site Exclusively.in Raises $2.8 M From Accel, Helion: Report

Exclusively.in, an e-commerce portal targeting the US market with high priced Indian goods at a discount has raised $2.8 million from Accel Partners and Helion Venture Partners, reports TechCrunch. Exclusively.in holds limited time sales for unusual and limited edition items, they claim, at a discount of up to 70%, though shipping charges are extra, ranging from $9.99 to $59.99, depending on the value of the item. Currently on sale: Bollywood posters, hotel packages, jewelry, shawls, sarees, kurti's, among other items. Sales usually last 3-14 days, and delivery takes 7-10 business days. Exclusively.in CEO Sunjay Guleria told TechCrunch that over 65 of its members make repeat purchases, and the average purchase is around $250. I'd first heard of Exclusively.in when they had bought 10 copies of the limited edition 'The Gandhi Collection' photographs in July, for $3,250, for sale on their site. They use Facebook, Twitter and a deals newsletter to keep users updated about items on sale. Exclusively.in is currently targeting only the US market: they accept only US credit cards for purchases, and ship only to the US; however, according to its site, intends to expand shipping to Canada, UK and India. However, while the items on sale might be exclusive limited in availability, the site is still pushing for registrations: there's a $20 credit for users who get their friends to register and buy. What's the point of members only if anyone can become a member? Apart from expanding shipping, I guess more money will allow them to…

Please subscribe/login to read the full story.
Written By

Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

Free Reads

News

This case highlights a curious intersection of copyright and critique in the digital content world.

News

Google will also provide news organizations and fact checkers with essential training in advanced fact-checking methodologies, deepfake detection, and Google tools like the Fact...

News

The court has also restrained Bloomberg from further circulating or publishing the article titled ‘India Regulator Uncovers $ 241 Million Accounting Issue at Zee'...

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ