E-commerce solutions startup Vdezi has partnered the United Arab Emirates division of e-commerce giant Amazon, a collaboration which will provide a platform for Indian small and medium enterprises to sell in the UAE.
Vdezi, which provides e-commerce solutions such as order and inventory management as well as logistics, leverages artificial intelligence.
Going by a report from global business consultant Bain & Company, the UAE’s e-commerce market stands at $8.3 billion and will be worth $27 billion by 2022. The report said that e-commerce spending across the UAE has seen a 50% growth in 2018, which, it says, is indicative of an opportunity for Indian sellers to scale up their businesses in the region.
Vdezi has been providing solutions to small businesses to sell globally across 80 countries by bringing together 18 marketplaces such as eBay, Lazada, Wish and Bonanza.
Out of Videzi’s around thousand merchants, most are small-scale manufacturers based in North and West India, making products such as jewellery, handlooms, handicrafts and ethnic fashion apparel.
Recent developments in logistics
- May 2019: Logistics-tech startup Freight Tiger raised $2 million in fresh funding.
- May 2019: Sequoia’s India arm invested Rs 28 crore more in LocoNav, which offers fleet management and vehicle tracking solutions.
- May 2019: Locus, a logistics-tech startup, raised nearly $26 million in a funding round led by Tiger Global Management and Falcon Edge.