Zuri Group Global, a multinational conglomerate, has joined the ecommerce wave to launch, Zoffio.com, a dedicated portal for office stationery, supplies and solutions.
Bangalore headquartered Zuri Group has presence across three continents with interests in Hospitality, Floriculture, Real Estate and Green Energy. Maintained and managed by Arcadia Technologies Pvt. Ltd., Zoffio is the first online retail venture by the group.
The soft launch of the website took place in late April 2013 and since then it was running in beta mode until now. Speaking to NextBigWhat, Vipul Jain, COO, Zoffio.com said, “Office material industry in India is somewhere around $20 billion, out of which less than 0.5 % is organized”.
The e-tailer is currently clocks 100 transactions a day with an average ticket size of Rs 4,000.The Company will invest $20-$25 million in next two to three years, with major investment coming from Zuri Group.
Currently with 3,000 products on the site, Free delivery is done pan India for orders above Rs 5,00. It has already deployed two warehouses in Delhi and Bangalore and has has its own supply chain.
Players like OfficeYes, OfficeDEPOT, Shoplet and few others exist in Indian market. “There is room for more players, as Industry is huge and unorganized, competition is very much welcomed in order to bring best practices”, said Jain.