Palred Technologies' LatestOne.com declares 50% growth in revenue on QoQ basis

23 Apr 2016 Evaluate

Palred Technologies' LatestOne.com, India’s largest tech & mobile accessories e-tailer continues its aggressive growth and has declared a 50% growth in net revenue on a quarter on quarter basis. After building the technology and setting up processes, Latestone.com commenced operations in October 2014, and in a short span of time has reached a milestone by achieving on an average 4000 orders per day from 100 orders per day. The site receives over 3.5 Million visitors in a month and till date has successfully shipped / delivered more than one million orders since the commencement of operations.

The only differentiator between a success & failure in e-commerce was funding until recently, but with the new foreign direct investment (FDI) regulations in e-commerce from Department of Industrial Policy and Promotion (DIPP) will ensure that performance driven companies will succeed against funding driven companies. This will also give Indian funded companies like LatestOne.com a great chance to succeed, on a level playing field. LatestOne.com follows an inventory-based model, and about 60-70% of the sales comes from its own private label brand PTron. The company operates through its warehouses in Delhi and Hyderabad, delivering tech and mobile accessories to over 19,000 pin code locations in the country.

Palred Technologies is a provider of software solutions for transportation and logistics industry. It offers solutions in the areas of freight forwarding industry, customs brokerage, contract logistics, shipper logistics and services. The firm also provides services like consulting, software development and system integration and implementation.

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