Faridabad NCR to kick-start India’s first Digital Mall
13th March, 2018, Faridabad: 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 duringa press meet at Hotel Delite Grand Faridabad, Mr. Rishabh Mehra ManagingDirector of Mallidays Infotech Pvt Ltd, said, “We are glad to announce that we will start DigitalMall of India soon from Faridabad. Growing at a steady rate of 50-60 percent ayear, the Indian e-tail market is expected to reach $80-100 billion in grossmerchandise value (GMV) by 2020. I truly believe that e-commerce is the futureof retail and it will play a big role in India specifically. With an internetuser base of over 400 million, India has third largest internet populationafter US & China. E-Commerce, in-spite of the opportunities it presents,also poses certain challenges for sellers like heavy commission charged bymarketplace, delays in settlement of cash payments leading to working capitalissues, many suppliers for the same category. It also incurs more cost thantraditional logistics due to returns, long delivery time, lack of touch andfeel; payment on delivery not available on all categories and locations, fake products,online supplier does not have offline presence. Digital Mall of India is asolution to almost all the problems that online shopping is currently facing.
Mr.Rishabh Mehra furtheradded, “The innovative concept of digital malls wherein one can buy and rente-shops will add a new dimension to investment options. The prudence ofinvesting in real estate has been under the scanner with shrinking Return oninvestment figures and it is in this scenario that the concept of investing inDigital Real Estate is taking shape. Each city will have a different mall withminimum 5000 shops. We have opened the sale of Digital shops in the Noida mallwith total inventory of 500 crores. Each mall will have exclusive retail shops,hypermarket, food court, digiplex, online club and a gaming zone.”
AboutMallidays Infotech Pvt Ltd: Founded in December 2016, Mallidays Infotech Pvt Ltd aims toestablish itself as an innovative and agile company embracing the tremendousdigital opportunities seen to develop new products and business models.
AboutDigital Mall of India: Digital Mall of India brings together the bestof offline and online worlds, the shopping experience of an offline mall wherebrands have dedicated shops and convenience of online shopping where we getunlimited selection and benefit of buying anytime, anywhere. Each mall in acity is different in spite of being the part of the same portal. It isdeveloped on a scalable, robust, secure and reliable technology to manage anecosystem of brands.
Itoffers great opportunities for the investors who buy a digital shop as they getmonthly rental from the first month, for vendors who take the digital shop onrent as they get exclusive rights to sell their brand/category for the entirecity with settlement the same day and the shoppers who will get great dealsfrom their local vendors as it is a zero commission/zero revenue sharing modelwhich will make the product cheapest by the same vendor in any marketplace withdelivery within 24 hours.