I feel very privileged to introduce you to our Indian Online Cash-back Shopping Mall launched with several hundred merchants and expects to increase the number of participating online stores over the next several months. The Indian Mall includes many recognizable local Indian merchants including Flipkart, Jabong, Myntra, Amazon, CBazaar and BOOKadda as well global brand name merchants that ship to India including Bloomingdales, Sears and WWEShop. In addition, the Indian Mall includes many important travel-related sites such as Expedia.co.in, Yatra.com, MakeMyTrip, Emirates and Priceline. The Indian Mall offers a wide variety of vouchers, coupons and promotions available exclusively to Indian consumers.
Michael Hansen, DubLi’s Founder, President and Chief Executive Officer commented, “India is not only an important and growing world economy but also a thriving online market, third only to China and the US by Internet usage statistics. It is estimated that by 2015, 828 million Indians will be under the age of 35; a segment that spends 16% of their disposable income online.”
Mr. Hansen continued, “With rising standards of living and the vast growth of a mobile middle class with higher disposable incomes, eCommerce in India expected to triple over the next three years making this market a natural and important extension towards expanding DubLi’s global footprint. When determining our strategic growth plans, DubLi considers strong economic potential as well as consumer behavior. Currently, 75% of India’s eCommerce market is derived through the travel category and online retail favors apparel and consumer electronics, all of which are key strategic segments for DubLi. We look forward to serving Indian consumers with DubLi’s online Cash-back travel and shopping mall portals and are encouraged by the potential of the Indian market.”
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