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NNA |
Updated:
June 15, 2022 5:51 p.m. STI

New Delhi [India], Jun 15 (ANI/PNN): Indian e-commerce software provider Yourstore.io has announced the launch of a multi-vendor marketplace platform for e-commerce websites – a platform that enables businesses to build their own multi-vendor marketplace websites like Amazon and Flipkart. This platform will help create new manufacturing rivals in India for Amazon and Flipkart and transform local businesses and vendors by empowering them with powerful software to compete with other foreign players.
With the help of Yourstore’s new multi-vendor marketplace platform, businesses will be able to aggregate third-party vendors and easily create a multi-vendor marketplace website. This revolutionary feature aims to level the playing field for e-commerce platforms in India. This platform can enable local and traditional Indian businesses to create an Indian version of Amazon or Flipkart. Moreover, there are no technical challenges for businesses as the entire software side is fully supported by Yourstore and the platform works on a plug-and-play model. This makes it very attractive for local businesses and vendors to come together to create successful multi-vendor marketplace websites.
Speaking about the new platform, Rian Ozal, CEO and Co-Founder of Yourstore, said, “At Yourstore, we are committed to providing a seamless solution that will help local businesses compete with large foreign-funded players and leveling the game. With the launch of this platform, we are already receiving many inquiries for our multi-vendor marketplace platform from all over India.”
Multi-vendor marketplace websites continue to grow at an accelerated rate. Amazon’s third-party seller program now has over two million sellers. The majority of these sellers operate on Amazon as third-party sellers. There are many reasons why businesses want to set up their own multi-vendor store, and one of them is brand control. The Multi-Vendor Selling Platform (MVSP) is software that allows brands to sell their products on the marketplace by becoming a seller themselves. Stores built with an MVSP are called virtual marketplaces or vendor marketplaces because they are run by the vendors themselves. Brands can use a multi-vendor platform to manage all aspects of direct-to-consumer selling on the same site as other brands. Multi-vendor website owners usually market and make sure the site has enough traffic for the vendors selling on their website.
Features of Yourstore

Recognized for its efficiency and ease of use, the Yourstore Multivendor platform offers many features.
Yourstore’s Ads Management module allows you to monetize on the website apart from the sales commission by further allowing you to sell ad space to the sellers to display their products or showcase their brand on the homepage of the website. Vendor staff accounts allow vendors to collaborate and work on product uploads and manage orders seamlessly with their team with restricted staff permissions.
Their Automated Vendor Payments automatically pay vendors net of sales commission and any other applicable fees, saving time and resources and maintaining more accurate transactional records. Their seamless logistics integration makes shipping easy and also helps track the status of each order and how the supplier is handling it. While the flexible commission allows you to choose between three options to charge the sales commission a flat percentage on the sale or a variable percentage based on the product value or a variable percentage based on the sale value. This allows you to create exactly the commission structure that suits your business model.
Yourstore offers a number of integrations with third-party services such as Razorpay, CC Avenue, Paypal, Delhivery, FedEx and many more. This allows you to integrate your multi-vendor marketplace with existing solutions and other enterprise systems. It also helps to facilitate the operation of your business by integrating various new on-demand solutions for your marketplace with the Yourstore multi-vendor platform.
Visit yourstore.io to create your multi-vendor store.
This story is provided by PNN. ANI will not be responsible for the content of this article. (ANI/PNN)