Myshop­baz­ opens its first re­tail out­let in Dwarka


Myshop­baz­, an ecom­merce player, has ven­tured into off­line re­tail business to com­pli­ment its on­line business model. The company launched its first re­tail out­let Myshop Con­nect in Sec­tor 7, Dwarka, New Delhi. Myshop­baz­ claims that it is com­mit­ted to Prime Min­is­ter's 'Make in In­dia' cam­paign and will be pro­mot­ing small In­dian en­trepreneurs by show­cas­ing their prod­ucts on its por­tal and at the re­tail stores in as­so­ci­a­tion with the Gov­ern­ment of In­dia. On this oc­ca­sion, M.Mo­hanty, Chief Man­ag­ing Di­rec­tor, Myshop­baz­ said, “In the first phase, we are tar­get­ing to have 50 re­tail stores and lo­cal cus­tomer ser­vice cen­tres pan In­dia by the end of 2015 and 300 stores by 2016. Myshop­baz­ is prob­a­bly the first on­line re­tail company in In­dia with such di­verse range of prod­uct cat­e­gories to open re­tail stores and we be­lieve this fu­sion of on­line and re­tail shop­ping stores is the fu­ture. This will help us in be­com­ing the dom­i­nant player in on­line shop­ping in­dus­try. This con­cept has also at­tracted many po­ten­tial in­vestors who wish to invest money with us to ex­pand our op­er­a­tions. We have almost fi­nalised a deal with an em­i­nent over­seas in­vestor and will shortly make an an­nounce­ment in this re­gard.”

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