Shopmatic Pte. Ltd.

Shopmatic Pte. Ltd. is a Singapore-based company providing comprehensive e-commerce solutions, enabling businesses to establish and manage their online storefronts effectively, enhancing their digital sales capabilities. Founded in 2014 and headquartered in Singapore, Shopmatic Pte.

Ltd. specializes in creating user-friendly online store solutions for businesses. The company underwent acquisition in May 2022 by MatchMovePay Pte Ltd. for SGD 276 million, aimed at enhancing its e-commerce capabilities.

Kris Chen serves as the Founder and Anurag Avula is the CEO. Shopmatic has successfully completed 7 deals, with its latest funding round being an Add-on, raising SGD 276 million, bringing the total amount raised to SGD 14. 81 million. Shopmatic specializes in providing comprehensive e-commerce solutions designed to facilitate online selling for businesses of all sizes.

Its core product offerings include a user-friendly webstore creation platform that enables users to build and customize their online stores without needing coding skills. Additionally, Shopmatic features solutions for chat selling and social commerce, allowing businesses to convert conversations into sales and effectively engage with their followers on platforms like Instagram and Facebook. The company's services are aimed at a diverse client base, including small and medium enterprises (SMEs), individual entrepreneurs, and retailers looking to establish their online presence. Shopmatic's solutions are available in various geographical markets, including Singapore, India, and Southeast Asia, catering to a growing demand for accessible e-commerce tools.

Shopmatic generated revenue of SGD 1,673,782. 70 in the most recent year of 2021, with an EBITDA of SGD -4,526,293. 40. The company generates revenue through a combination of subscription and transaction-based models, offering flexible pricing options tailored to the needs of its clients.

Their flagship offerings include the webstore package, chat selling, and social commerce tools, with clients typically paying a subscription fee that varies based on features and support levels. With the recent acquisition by MatchMovePay Pte Ltd. , Shopmatic plans to leverage this partnership to expand its capabilities and reach within the e-commerce SME sector. They are focusing on enhancing their product offerings to include more advanced e-commerce tools and services.

Additionally, Shopmatic aims to expand into new markets, particularly targeting regions in Southeast Asia and beyond over the next few years. The funds from the recent acquisition will be utilized to support these growth initiatives, ensuring they can effectively meet the evolving needs of their customers.