INSUBCONTINENT EXCLUSIVE:
Club Factory, a Chinese e-commerce platform that sells fashion and beauty items and electronics accessories, has raised $100 million in a
Club Factory, which raised $100 million in its previous financing round early last year, has raised about $220 million to date.Club Factory
has amassed more than 70 million users on its platform, of which about 40 million live in India
The startup cited figures from app analytics firm App Annie to claim that Club Factory is now the third-largest e-commerce platform in
India, surpassing once a market-leader Snapdeal.Club Factory does not charge local sellers any commission fee, incentivizing them to cut
down the cost of their items and expand offerings
The number of sellers on its platform in India has grown by 10X in the last six months, the startup claimed
allowing SMEs to own their customers and run their business better
All this, combined with our strategy to reduce the transaction costs of buyers and sellers and allow more local players to enter the
introduce new product categories.
