JadoPado sees strong revenue growth
Online retailer reports 208% revenue growth for financial year to end March 2013
UAE online retailer JadoPado has announced strong growth for the financial year to end of March 2013.
The e-commerce site, which sells mobile devices, consumer electronics and games, reported a 208% year-on-year growth in revenue, to reach AED 15.7m ($4.2m).
The company has expanded to serve other markets in the region, and has also seen monthly site visitors reach a high of 210,000 in March. Site visitor numbers have increased by 273% during 2012, with 1.2 million visits for the year.
"Our unique proposition of offering consumers an instant gratification e-commerce experience coupled with awesome customer service and speedy delivery has been instrumental to our success since launching in March 2011," said Omar Kassim, founder of JadoPado. "With our recent international expansion, we are also excited to be extending our e-commerce customer experience to new markets, and are motivated by the fact that international sales in the first 30 days of operation have exceeded expectations."