Leading
e-commerce Companies in Sri Lanka
Over the last decade, e-commerce sales have grown on average 19%
per year globally, far faster than offline retail. Even during the dark days of
2009 on the international level when retail sales shrank 2%, e-commerce vendors
grew sales 1.4%, capitalizing on price-sensitive and increasingly Web-savvy
consumers to continue to gain market share. So while traditional retailers have
been struggling to survive, forward-thinking online merchants have unleashed a wave
of innovation that is improving the economics of e-commerce.
In last few years, e commerce in the South Asian region has grown
at a phenomenal rate. The ecommerce boom is resulting in a sudden explosion of
interest in the sector. In addition to the numerous local e-commerce sites,
many brick and mortar companies are jumping on the bandwagon as well. A
majority of such traditional brick and mortar companies have not even had a
company website until now, and e-commerce will truly be their first taste of what
the world of Internet and e-commerce can offer. In this article, we would be
analyzing the leading ecommerce companies in Sri Lanka that are having a huge
impact in shaping the retail business on internet.
1 .
Kapruka.com
Kapruka.com is Sri Lanka's largest e-commerce organization with a market
share of 70% in the e-commerce sector and is recognized as the pioneer in Sri
Lankan e-commerce industry. With its own fulfillment service and unique
inventory, it is the most trusted name when it comes to ecommerce in Sri Lanka.
The company started with a single employee, and within a very short span, it
has more than 200 employees, who are ensuring to provide the consumers with
over 15000 products and over 30 types of distinct services, and thus setting
the bar for e-commerce footprint in Sri Lanka.
In addition to providing products
and services through traditional e-commerce, Kapruka also pioneered a new
online platform named Kapruka Global Shop that enables Sri Lankans to order any
item from global e-commerce giants such as Amazon, E-bay, Flipkart, and
Alibaba. Kapruka has developed a patented online price simulator that shows a
clear breakdown of Sri Lanka's taxes and duty for a given online product link.
It also offers a huge variety of
products in competitive departments such as electronics, clothing, homeware,
stationery, mobile phones, computer accessories for same or lower price than
store by retailers.
Kapruka user-friendly shopping website is also a feature for which
they are known. The website always indicates very current and up to date
information about the products available in their store and is a convenient
option for those living both Sri Lanka and abroad to make purchases or to
deliver gifts to loved ones in Sri Lanka for special occasions such as birthdays
and anniversaries.
2. Myshop.lk
is one of Sri Lanka's youngest and fastest growing e-commerce
websites that provides the online shoppers the facility to shop at their
convenience and offers a constantly expanding range of Retail Electronic
Categories, Cosmetics, Fancy items and much more. It provides a Safe Online
Shopping environment and offers various payment options and secure warranty
commitments as well.
MyShop.lk are
the pioneers of showroom-based online shopping malls in Sri Lanka. What they do
is that, at any given time, all products are displayed on their online store,
and all these products are also available at their physical store as well. The
reason is that, if ever they feel the need, customers can visit the store and
ensure that what they see is what they get.
MyShop.lk is becoming popular among its customers due to its wide
array of product offerings, value for money, timely delivery, easy payment
modes and outstanding customer service.
3. Wow.lk
Wow.lk is one of the very first websites in Sri Lanka that offers
a wide range of deals, original products with warranty, multiple payment
options and island wide delivery, striving to offer its customers the complete
shopping experience.
After its
establishment in 2011, the company has since grown into a leading e-commerce
company active in Sri Lanka's industry, catering to both international and
local consumers. It is utilizing a highly skilled and experienced team of
professionals, that in performance with the extensive resources of wow.lk, provides
e-commerce experience to both merchants and consumers across a variety of
products and services.
The online
mall of Wow.lk has a catalog of over 3,500 products, from over 100 recognized
retailers. It gives consumers the opportunity to order from a broad selection
of original merchandise and big brands from international and local sellers,
with warranty and island-wide delivery. The Mall has a variety of secure
payment methods such as Credit Card transactions, Cash, Pay on Delivery, EZ
Cash, and direct operator billing.
4. MyDeaI.Ik
MyDeal.lk is
another leading e-commerce competitor in Sri Lanka that offers daily deals on
the stuff to do, eat, see, stay and buy online. Using its websites, it connects
buyers and sellers in a way it claims to be a win-win situation for both
parties. While consumers enjoy great deals and share them with family and
friends via word-of-mouth and viral marketing, merchants gain new customers and
publicity at zero risks.
MyDeal.lk is an e-commerce venture that focuses specifically on
selling deals. Modeled on the Groupon concept, the website sells discount
vouchers from suppliers of a variety of products. These range from the usual
electrical items and kitchen appliances to clothes, shoes, cupcakes, mugs,
hotel rooms, restaurant tables, movie tickets and even helicopter rides.
Customers book "vouchers" online and print them out to pick up items
from the MyDeal store, claim delivered goods, or — in the case of travel,
entertainment and other experiences — present to suppliers.
MyDeal
founders imply they are satisfied with the ten-percent of available market
space they have captured with 500,000 registered users since the end of 2012 to
date, but the scale is essential for the sustenance of e-commerce businesses,
and in that regard, Karpuka has a huge advantage.
5. Takas.lk
The word "Takas" means
quickly, and Takas.lk is promising delivery in Colombo and other suburbs within
three days. Takas is one of the first Sri Lankan e-commerce company to offer
mobile friendly websites in Sri Lankan e-commerce industry.
Since its inception, Takas.lk has
grown to one of the top contenders in the eCommerce industry in the island with
more than 4000+ electronics products now which you can choose from, and 2000+
products in areas of apparel, personal care, car care, home appliances just to
name a few.
Takas. 1k
provide a very easy to use platform for the consumer to buy online. Being the
pioneer's in introducing Cash on Delivery to Sri Lanka, it gives the users the
facility to use either cash or card to purchase. Fu rthermore, takas.lk have 0%
financing from some of the major banks in Sri Lanka thus giving the convenience
of letting you buy what you want and paying how you want.
Another advantage it has got is
the fact that regardless of where you live in Sri Lanka, you get the product
delivered right to your doorstep.
Sources cited
PwC's Annual Global Total Retail Consumer Survey February 2015
http://www.ceylontoday.lk
http://www.dailymirror.lk/94943
http://echelon.lk
http://echelon.lk/home/e-commerce-in-sri-lanka/
