Juvalia You, a private label e-commerce portal that sells fashion jewellery, claims that it processes between 80,000 and 100,000 orders per month.The company, which was established in 2012, aims to end fiscal 2016 with a gross merchandise value (GMV) of Rs 100 crore ($16 million), CEO Chaitanya Aggarwal told Techcircle.
Aggarwal claims that the ticket size of each sale on the company's platform is in the range of Rs 600 and Rs 800.
Established in 2012, Juvalia was incubated by Springstar GmbH in collaboration with Harish Bahl of Smile Group, Oliver Jung of Airbnb and Klaus Hommels of Hommels Holding. It also operates in Germany, Brazil and Russia. The company. To know about important guide about http://wastefulhamper319.beep.com/.htm?nocache=1433199965.CLSA Asia Pacific Markets predicts that the e-commerce market for online jewellery would grow to $22 billion by 2018.
In 2014 alone Indians bought 662 metric tonnes of gold jewellery for $26.9 billion, the most since 1995, the World Gold Council said recently.
With an eye on the women's safety market, Juvalia will soon launch imitation jewellery which is embedded with a panic button. It will be priced between Rs 250 and Rs 5,000.
http://www.youtube.com/watch?v=_j9VEEmBPSk
The jewellery, which will be paired with a smartphone, allows the user to press a SoS button when she feels unsafe. Among other things, the jewellery would then communicate the user's location to pre-set numbers, said Aggarwal.
"We will start with safety and health and then go on to build a notification system for lost phones. So, if the user goes 30 feet away from his/her phone, the device will give alerts," Aggarwal said. The company aims to launch this range of 'smart jewellery' by August-September.
Recently, IT firm Tech Mahindra too said it will would hand out digital key chains, lockets and hand-rings to over 27,000 women staffers in a move to address the growing concern of women safety in the country.
