Koloxo

The Company’s e-commerce vertical’s website has been set up and had approximately 192927 products listed as on the valuation date. The mobile app would be launched once the listed product count reaches to 500,000. The company is on growing spree on enrolling suppliers across the world to its network. Koloxo plans to introduce a new way of shopping to consumers. Koloxo aims to tie up with manufacturers across the world in order to list their products on the Company’s website. Any product manufactured in any country is expected to be available to all consumers on Koloxo’s platform. Koloxo does not plan to charge any delivery costs to the customer if the customers cart value is above a particular amount. Further, the customers would receive the products in only once parcel even if he/she ordered different items from different countries. Also, the customer can choose the currency in which they would like to pay. Manufacturers also benefit from Koloxo’s offering as they would get a global reach through Koloxo’s platform.