- Launches KGExpress For Delivery
- Plans Mobile App Launch For Android And iOS Users
It was cheering news for Kaiglo, an online marketplace as the eCommerce operator recorded a milestone of crossing 50, 000 users, one year after commencing operations.
Similarly, the company recorded over two hundred per cent (200%) growth rate in merchants’ enrolment since the first quarter of this year.
Kaiglo is an online marketplace set up to assist traders in giving their business a boost in terms of sales and outreach to potential customers.
It aims to improve eCommerce activities, addressing issues of trust, reliability and efficiency in the eCommerce ecosystem.
Kaiglo’s Co-Founder and Chief Executive Officer, Mr Victor Chukwuebuka Eze, disclosed this cheering news during a press conference as part of activities to mark the company’s first anniversary.
Eze described Kaiglo as an online marketplace with a unique proposition for fashion entrepreneurs, market traders, and smart gadget dealers, adding that Kaiglo remains resolute in its determination to grow local brands and bring people’s favourite market closer to them no matter the location.
Recall that Kaiglo launched operations in Lagos one year ago and has since recorded over 1000 merchants registered on the platform.
“It has been a very busy 12 months for us. In spite of the ups and downs in the economy, we are seeing rays of light.
“Today, as we mark our first anniversary, we can tell you that new merchant enrolment on Kaiglo rose from 50% to 200% with more happy clients expressing their satisfaction with the platform so far and how it has helped them boost sales.
“Currently, we have more than 1000 merchants registered on the platform. Our monthly sales growth increased from 50% in 4th quarter of 2019 to 175% in the 2nd quarter of this year.
“Kaiglo has successfully processed and delivered more than 15,000 items in the past one year, with more than 70% delivered in Lagos alone where it currently has most of its operation,” Eze said.
The Chief Executive Officer also disclosed that currently, Kaiglo has more than 50,000 users registered on the platform.
Meanwhile, DigitalTimesNG recalls that within the year under review, Kaiglo also unveiled KGExpress, a logistics arm focused on pick-up and delivery to reduce the delivery time for its customers and general merchants.
Eze said the company predicted an increase in demand for capacity in response to a surge in orders.
“KGExpress.ng was launched to cater to the pain of the customers – longer wait times for deliveries can cause depression. The total delivery time includes travel time, loading time, unloading time and waiting time.
Today, technology is so advanced that the optimization is being done at every step in order to reduce delivery time.”
“In other words, we have factored in ‘how to deliver faster’. With this, we are going to rent warehouses that will form hubs for ‘drop-offs and pick-ups’.
“This is not just about us, rather any business can leverage on KGExpress to meet their delivery needs,” Eze added.
The CEO further hinted on plans to launch a world-class Kaiglo mobile app, for Android and iOS users that will allow more Nigerians to sell and/or buy products seamlessly.
The app, he said, will use Kaiglo advanced machine learning techniques to deliver unique and newly arrived products to each user, and based on their individual interests.