JewelsNext.com eyes Rs 100 crore revenues by 2012

Created on: 12/27/2011 - 15:53

Gems and jewellery ecommerce portal JewelsNext.com has said
that it expects to sell items worth Rs 100 crore in the next 12 to 15 months. The
portal has also partnered with companies like Mehrasons, OnlyGems, Jetha Bhai
Zaveri and others to sell their jewellery. The company is in the process of
partnering with 500 more brands to sell and finance their products.

"The distribution system is well-developed in the
country now. Each item that we sell is of a big amount. We expect to sell
around Rs 100 crore worth of gems and jewellery items from our website," Gaurav
S Issar, Co-Founder and CEO, JewelsNext has said. According to Issar, from
January 2012, the portal will give customers the option to buy gems and
jewellery using HDFC or ICICI Bank credit cards without any interest.

The portal, at present, gets 25 to 30
transactions daily. “During the festive season it went up to 52 on a day.
Recently, we sold jewellery items worth Rs 1,07,000 to a customer in Jaipur,"
Issar said.

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Comments

Submitted by Anonymous (not verified) on

What nonsense? Does he even know what he is talking?
100 crores GMV in 12-15 months !!!

Submitted by Anonymous (not verified) on

On what basis are they making these claims? Their website seems terrible

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