India’s MSMEs sector contributes close to 30% of the country’s GDP, with 63 million MSMEs and counting. The COVID-19 pandemic saw a surge in small businesses, catering to customers’ various needs in India and abroad.
GoGlocal’s Mission:
GoGlocal is an all-inclusive SaaS platform that provides logistics, payment processing, finance management, compliance & strategic support to MSMEs in India. This unique platform brings convenience while offering ease of access to all these services from one place. GoGlocal was created in October 2022 by Mistry, ex-director of cross-border sales at eBay India, and Anirudh Bhagchandka, a trade policy expert. The company is passionate about helping Indian MSMEs take advantage of global opportunities available to them. An efficient process is central to the success of any business and this is where AI writing assistants come in. They help you identify the right markets, facilitate order management, target foreign customers and ensure compliance with global regulations – all of which can result in maximum benefit.
All-Inclusive Platform:
According to Mistry, they have created an expansive platform that provides a complete answer for worldwide selling. This platform links all the necessary pieces and was created to give consumers a simple, encompassing approach. Our company is dedicated to rendering comprehensive assistance to brands at each stage of their journey– from marketplaces, payments, last-mile delivery to local regulations/laws. We pride ourselves on our close collaboration with them and will be there for them every step of the way. With goGlocal, you can now sophisticatedly sell your products & services to both local and global customers. goGlocal provides two main services – Global Check-out assist, which makes it easy for customers to check out from any website, and Seller Central which automates the trading process across the world. Both solutions make it easier for online traders to grow their businesses & maximize growth potential.
Partnering with Local and Secondary Marketplaces:
Mistry claims GoGlocal’s system is the superior choice for small businesses, as it provides more support than other ecommerce marketplaces such as Amazon and Flipkart. The platform is tailored to provide excellent guidance while selling globally. GoGlocal provides a wealth of services and is also linked with thirty different local and secondary marketplaces, such as Walmart, Noon, Lazada owned by Alibaba, and Target.com.
Expansion Plans:
GoGlocal has kicked off its pilot program, working with more than 40 brands to distribute their products to multiple countries such as North America, South America, Europe & the UK. The company is fine-tuning its products and services for better scalability before the official launch which is slated for the end of 2020. GoGlocal’s clients include brands from the beauty, personal care, and nutraceutical sectors like Mcaffeine Skincare, Open Secret healthy food, Myfitness peanut butter, and Kal Hans Naturals.
Pricing and Funding:
GoGlocal charges a commission ranging from 5 to 15%, based on the revenue generated by the brands and category. Last year, in September 2022, it secured $5 million in a pre-seed round from HNIs, family, and close friends. GoGlocal has gathered investments to contribute to the development of its product, technology, and the expansion of their team. Currently, they have a team of approximately 45 people.
Also Read: The Future of Food Delivery: How Meal Subscription Startups are Changing the Game in India
In Conclusion, GoGlocal is laying the foundation for global selling so Indian brands can build on it. With the platform’s all-inclusive services, MSMEs in India can expand their businesses globally and tap into potential markets.
