Phygicart.com one of the international e-commerce and direct selling concepts. Properly operating in UAE and India, In India run by Dr.Boby Chemmannur Group. All members can purchase products and resell them to others via the biggest affiliate system (Direct Selling, Binary Basis). In UAE they tie up with Rak bank for issuing payouts to affiliate members. Free to become an affiliate. The company has 4 directors in India. In India, their official name is PHYGICART E-COMMERCE PRIVATE LIMITED. CIN U52609KL2017PTC049681. All Registration Details below the link. Also, you can refer to the site link.
UAE-based e-commerce-cum-direct marketing firm Phygicart is all set to enter in the Indian e-commerce space with an investment worth Rs. 100 crore in the first phase.
After head-starting its businesses in the Gulf countries, the company’s foray in India is a part of Phygicart’s plans to expand its operational footprint across seven countries by 2022, including the US and Nepal, and to rake in USD 1 billion in turnover.
Started by entrepreneurs Anish K. Joy and Jolly Antony in 2016, the firm now has more than 20,000 partner stores across all seven Emirates.
The investment would be used to make our own products for which we are planning to set up an assembling unit in Ahmedabad, build our brand, and enter into tie-ups with other brands.
“We are in various stages of discussions to takeover certain other brands. The model enables an individual to become a consumer and also a partner simultaneously, while we would be also sharing the profits with our partners. The initiative is also to provide an opportunity to small and medium enterprises (SMEs) who come up with innovative products,” said Joy, Phygicart’s Chief Operating Officer.
“The major drawback of e-commerce business is that it cannot establish a direct personal rapport with customers. We have rectified this,” said Boby Chemmanur adding that Phygicart.com will distribute about 60 percent of its total profits to partner store owners who join by logging in to phygicart.com
Phygicart is a marketplace that connects both e-commerce and direct marketing on a single platform. A customer starts his relationship with the company by logging onto the firm’s website and ordering its products. The company’s more than 5,000 products ranging from electronics to cosmetics, food to wellness, and dress materials among others.
At Phygicart, our vision is to be the World’s most customer-centric company; to build a place where people can come to find and discover virtually anything they want to buy online. With Phygicart.com, we endeavor to build that same destination in UAE by giving customers more of what they want – vast selection, low prices, fast and reliable delivery, and a trusted and convenient online shopping experience – and provide sellers a world-class e-commerce platform. We are committed to ensuring 100% Purchase Protection for your shopping done on Phygicart.com so that you can benefit from a safe and secure online ordering experience, convenient payment options such as cash on delivery, easy returns, and enjoy a completely hassle-free online shopping experience.