LatestOne.com a Hyderabad based e-tailing company owned and operated
by Palred Online Technologies Private Limited is dominating the market
of accessories for tech & mobile products which is the largest and the
fastest growing segment in the ecommerce space.
The e-commerce space has been
attracting a lot of attention in the recent years, while the industry in 2014
was reported to be in the range of INR 30,000 Crores of which over 2,000 Crores
was tech product accessories such as mobile & tablet cases, chargers,
cables etc.
LatestOne.com the only e-tailer
in India dealing with tech accessories has attracted more than 10 Million
visitors in a short span of 9 months since commencing operations in August
2014. The traffic on LatestOne.com has grown manifold from 3,000 visitors and
less than 100 orders per day in the initial 2 months to One Lakh visitors and
2,500 orders per day.
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| LatestOne.com senior managemnent showcasing the product range |
LatestOne.com carries more than
1000 different types of cables, 3,000 different designs for mobile & tablet
cases, 50 different models of power banks in its own warehouse / store that
they operate from Hyderabad.
The “experience” of shopping on a vertical
specific store provides the customers a wider range of products with user
friendly interface to browse through a range of product with dedicated customer
support. LatestOne.com is emerging as the largest player in India in terms of
online e-commerce business for tech product accessories.
Speaking on the occasion, Mr.
Ameen Khwaja, CEO LatestOne.com said “Latestone.com is all set to re-define
the e-commerce business model in India. As a practice we sell from our own
store and inventory to ensure customer satisfaction. We assure timely delivery
and maintain high quality standards in our design, contract manufacturing and
offer warranty and even replacement for products purchased from our site. So
far, we have seen less than 2% refunds & replacements. ”
Adding to this Mr. Palem
Srikanth Reddy, Chairman LatestOne.com said, “LatestOne.com brings to the consumers the widest variety of PC,
Laptops, Mobile phone accessories and digital cables with assured quality and
prompt delivery on one of the fastest portals available in the e-commerce space.
It is our endeavour to delight the customer with our quality, technology and
service by leveraging our expertise in innovative supply chain management and
technology. In the coming months we plan to introduce innovative solutions and
increase our reach across the country. We plan to enhance our offerings and
will be building new warehouse to meet the increasing demand.
We aim to reduce
the delivery time from 3 working days to 2 working days, from the time the
order is placed. We are confident that Latestone.com will revolutionise the
e-commerce space by its specific offerings and product portfolio.”
The company employs over 100
staff in Hyderabad, under full time / direct employment. It operates with a
12,000 sq ft. facility for store/warehouse. LatestOne holds a share capital of
almost Rs. 20 Crores with another Rs. 10 Crores under commitment from the
parent company.
About LatestOne.com
LatestOne.com is India’s only
e-tailer dealing with tech accessories. Be it Mobile Covers, Tablet
Accessories, Cables, Power Banks, Android TVs or CCTVs, it is heavily and
dutifully stocked up, commencing proudly through its own warehouse at Banjara
Hills, Hyderabad.
LatestOne.com commenced its
operations in August, 2014 in Hyderabad. It is owned by Palred Online Technologies
Pvt. Ltd which is a subsidiary of Palred Technologies Ltd, a public limited
company listed on BSE and NSE since 2004. We are the only public listed company
operating in e-commerce business in India.
For further information, please
contact:
Konnections- Integrated
marketing Action Group
Anurag Kumar: 86860 72400
Sarodhya Yadav : 86860 72400
Anil Kumar :
95025 73071
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