|Address||Plot No. 2, 8-2-703/2/B Road Number 12, Banjara Hills Hyderabad, Telangana - 500034|
|Customer Care Number:||040 - 67138879|
|Mon||04:00 am - 12:18 pm|
|Tue||04:00 am - 12:18 pm|
|Wed||04:00 am - 12:18 pm|
|Thu||04:00 am - 12:18 pm|
|Fri||04:00 am - 12:18 pm|
|Sat||00:00 am - 11:00 pm|
Founded in 2014 as Deals15 by Ameen Khwaja and owned by Palred Online Technologies, the journey of Hyderabad based LatestOne has been remarkable and consistently growing from 100 orders per day to 5000 orders per day.
It has a total investment of over $7.5 million, monthly net revenue of over $750,000, 3.5 million site visitors in a month, total delivery of more than 1 million orders since inception, ranking at 1800 in Alexa website ranking and two warehouses in Hyderabad and Delhi.
Within a span of 18 months of its inception, LatestOne raked in a remarkable turnover business of Rs.100 crore, further gaining an investment of Rs.50 crore. Their target is to achieve a revenue of Rs. 500 crores in the next 3 years. The company has 200 employees, 10000 SKUs and two warehouses in Hyderabad and Delhi.
In the words of its founder, Ameen Khwaja, We are not part of any valuation game. Instead, we are at a status of making profits, which others are not able to.”
LatestOne is different from its competitors. It is India´s sole largest online and offline store for tech and mobile accessories. Unlike other e-commerce websites which have less or no control over the quality of products sold by the sellers, LatestOne has an inventory-based model which provides 100% control on the product quality.
They also have their own private label, PTron which offers low value, high volume and high margin niche product categories with fast delivery, best customer support, fast product return & refund policy. They have convenient payment options that include cash on delivery and online payments.
Post demonetization, there has been a spike with over 500 SME mobile accessory retailers registering with the site. This shift from cash to cash-less transactions will benefit the B2B e-commerce industry.