New E-Commerce Marketplace by Jammbo Features Generous Credit Terms

By Sunil Sonkar
2 Min Read
New E-Commerce Marketplace by Jammbo Features Generous Credit Terms

Indian toy industry is projected to rise to $4.4 billion by 2032. It is witnessing a groundbreaking transformation. The the launch of a new e-commerce marketplace by Jammbo is lately making waves. It is named Jammbomart and is basically a software-as-a-Service (SaaS) platform that is said to be revolutionizing the way distributors and retailers purchase toys by streamlining bulk orders online.

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Jammbomart is committed to ease of use and financial flexibility. It has more than 200 retailers from 23 states and 93 cities in India. It is to become a central hub for toy distribution. The minimum order quantity is set at ₹50,000. Jammbo has announced to offer generous credit terms and provide up to ₹10 lakh with a 30-day credit period. The initiative is basically designed to support retailers in managing their cash flow as well as expand their inventories without immediate financial strain.

Jammbo co-founder and CEO Manasvi Singh highlighted evolution of the platform. She said that the initiative started as a side project for the team with a focus to streamline the supply chain. This forward-thinking approach reflects Jammbo’s recognition of the toy market’s vast potential.

Jammbomart also aims to motivate and support its retailers. Co-Founder and CMO Anirban Chatterjee said that they will reward the top three retailers each quarter and offer them a free international trip. The retailers will also be offered assistance for shop renovations. All these will help the retailers in creating a more appealing and customer-friendly environment.

The ambitious vision of Jammbo is supported by its co-founders Archit Bhargava (Co-Founder & CFO) and Vipin Nijhawan (Co-Founder & CPO)l. Both aims to offer over 100 toy products and more than 350 Stock Keeping Units (SKUs) by the end of 2024. The company states to be generating ₹150 crore revenue by year-end and Jammbomart is to contribute a significant ₹100 crore over the period of next 15 months.

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