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eVanik OneWorld Suite

eVanik: Assisting Retailers to Operate in Multiple Marketplace Channels with Ease

eVanik: Assisting Retailers to Operate in Multiple Marketplace Channels with Ease

mayank_kumar_evanik_networksThe accession of e-commerce in the industrial economy has been affirming to the advantage of the SME sector. The SMEs often face challenges in terms of credit and finance and some struggle in augmenting businesses, adding more demand channels and connecting with the right set of suppliers and customers.

eVanik Networks Private Limited, with headquarter at Noida is an online ecosystem that enhances and manages businesses of online and offline sellers and retailers by seamlessly connecting them to their neighbourhood online end customers. Since its inception, eVanik has emerged as a trusted business tool provider (service provider/ confidence provider) for sellers, retailers and marketplaces.

Being one of the fastest growing cloud based services platform for SMEs and retail stores, eVanik focuses on fuelling growth for SMEs and retail stores in India. The company has designed a multi-dimensional platform that assist SMEs to connect with additional demand channels, there by streamlining and augmenting their business efficiencies. By incorporating cloud based POS for hyper local retail stores, the platform also provides ancillary service connections that include working capital, insurance, logistics, web-stores and marketplaces.

Further eVanik enables centralized warehousing, order processing and return management for the customers selling across multiple online spaces. These distinct features and integrations allow retailers to manage their orders,inventory and payments from multiple channels to a single interface with detailed reports thereby triggering real time checks bringing confidence and improvement in short time.

eVanik’s Comprehensive Attributes

eVanik has identified Digital Services as a key to the growth of SMEs. Predominantly, online presence of an SME differentiates its offerings by allowing reaching to a larger audience and induce a faster connect with customers. Therefore, eVanik propounds digital webstore, marketplace or any other web based automation service. “Some of the modules that we have developed for our clients include WMS (Warehouse Management System), DMS (Distribution Management System), GST Connect (Automation of GST related invoice uploading and compliance requirements) and CRM”, adds Mayank Kumar, Co-founder, eVanik.

“The company has designed a multi-dimensional platform that assist SMEs to connect with additional demand channels”

The computer-driven store simulation techniques is rapidly gaining momentum among consumers to achieve their business objectives, through personalized user experience. Aligning to the trends, eVanik extends its Cataloguing and On-boarding services with an auto mapping recommendation engine that converts simple files into e-commerce friendly and detailed catalogue. Moreover, eVanik’s OneWorld suite supports integration of orders, inventory and payments into its inbuilt accounting module. With features such as order to invoice, inventory reconciliation, POS module, purchase management, manufacturing module and tax management, this platform wins over most existing stand alone accounting software.

While attaining strategic tie-up with leading banks and NBFCs, eVanik has also aligned with many eminent and well established supply chain and logistics companies in India. By delivering digital lending process, the company has assisted over 50 SMEs to obtain customized lending and loans through these financial institutions. Furthermore, in less than five months of a beta launch, eVanik has already served 3000 SMEs using the platform. eVanik envisages to become one stop digital automation and digital support solution for accounting, ERP, supply chain, omni channel management and ancillary services through a digital route.

Published by CIO Review (20 Most Promising Retail Solution Providers)

eVanik : One World suite

eVanik : One World suite

Mayank Kumar is a Co-founder and CEO of eVanik, a trusted business tool for sellers, retailers and marketplaces. The company focuses on it’s integrations such as, manage orders, inventory and payments from multiple channels in a single interface. eVanik works in close integrations with the leading e-commerce sites such as Amazon, ebay, Shopclues, Voonik etc. In this interview, Mayank Kumar talks about his E-commerce business suit and the impact of E-commerce on Indian economy.

Could you explain the concept of eVanik- The e-commerce business suite?

eVanik is a company of 10 enterprising techies, closely working with me – Mayank Kumar. Despite not being from the Top B Schools, the product has turned out to be one of the finest in its category today. The company has a strong foundation of ethics, creativity, customer centricity and continual innovation. People work with passion and focus. In addition, there are people in the Support and Customer Service team. We started this as a learning by the challenges we faced as a seller on multiple marketplaces. Now we keep adding more and more integrations and customers every day.

After working in Corporate sector for 16years, how it was like to set up all on your own?

Yes, I worked for 16 years in the Corporate sector before starting on my own in the year 2012. After experiencing the top notch executive profiles in some of the large Indian & MNC companies, it was not easy to start the second innings of my career and that too totally on my own.

I started single handedly in a 10×10 single room office space in Gurgaon, with very limited capital in my hand. It wasn’t an easy decision and the struggle continues even today after being bootstrapped for the last 4 years. The good thing was that I was focused to my objective and wanted to create something that helps the ecosystem of the most upcoming industry – E-commerce.

In order to chase my dreams, it was important to dirty my hands and get into the ecosystem. With less than 5 lac of capital in my hand, we got ourselves registered as sellers / aggregators with marketplaces. Since then, we have achieved a turnover of few hundred crores.

How big you think is the Indian E-commerce market?

India is adding three Internet users every second and is I guess already the second-largest Internet market globally in terms of users. The market is rapidly growing in it’s size and by 2020 it might rise up to more than $115 billion.

What do you think is the Impact of E-commerce on Indian Economy?

Recently, there was an interesting report in which IAMAI ( Internet And Mobile Association of India ) has said that there are 100 million Indians accessing the Internet at present. Though not all are regular users of the World Wide Web, even if 10% people use the Internet regularly, there is a lot of people using Internet. If predictions are to be believed, by the year 2014, India will lead the world in Internet usage. E-commerce is neither a “boon” nor a “bane”, it is just the “change” that we brought in ourselves.

India is today an outsourcing hub because it has made a name for itself in providing the best solutions in any IT related job. Due to this, Indian economy is also booming. The kind of boom that Indian economy has seen in the last two decades has been the best in its 60 years of independence. With the growing use of Internet even in the interiors of the country, E-commerce is playing a vital role in Indian economic growth.

Once the Indian government spreads broadband usage across the country, E-commerce services will add to more GDP every year. This is not a prediction, but a mere analysis of how things are fast moving forward.

How arduous or difficult your journey has been so far?

eVanik took birth in middle of 2014. The last 2 years have been full of struggle. We are still a bootstrapped company with our seller business company funding our technology arm. The growth is still organic and slow and the costs still out beat the revenue multi fold.

However, the dream will keep getting chased till we find success. eVanik has today emerged as the finest software product in its category far ahead of competition. 3000 plus sellers benefit from eVanik OneWorld Suite, eVanik SmartBooks and eVanik Merchantogue Pro.

What makes eVanik unique from it’s competitors?

There are several players in this category in the market who are offering parts and pieces of what eVanik offers. In terms of the user base, eVanik has acquired customers in a matter of few months, what others took years to acquire.

However, the more important thing was to understand the challenges and nuances in this ecosystem from the Marketplace side and the Seller side and develop a platform that addresses these challenges and eliminates all the pain areas.

eVanik believes on being flexible when it comes to customizing solutions for its customers unlike competition offering standard packages and solutions.

What according to you are the drawbacks of E-commerce in India?

There are several of them such as High investment is needed to start such a project, More in-house responsibility for order fulfillment and technology, It is necessary to frequently update your product catalog. You need the technical skills to do this, it is often difficult to achieve your own house style, As a pioneer, you are faced with huge technological challenges and etc.

But I’m sure , these drawbacks can be concealed with the increasing response and the acceptance that E-commerce businesses are getting from it’s current and professional users.