Veppy.com, the UAE’s first quick-commerce (q-commerce) startup, has invited suppliers and sellers to register their businesses and list their products online in advance of its commercial launch on August 27, when consumers are expected to start purchasing online products for quick delivery.
The platform aims to provide a highly personalized shopping experience by suggesting relevant products based on the shopper’s preferences.
Wholesalers, suppliers, and retailers of 14 categories such as men’s, women’s, children’s, personal care products, perfumes, toiletries, and cosmetics can register their wares and upload their stock keeping units (SKUs) online for veppy.com to promote them for consumers’ attention.
Data shows that the Middle East & North Africa (MENA) e-commerce market size, including all categories, to be worth $48.6 billion by the end of this year.
Similarly, the corresponding figure for q-commerce in the region is expected to grow from $9 billion in 2020 to $20 billion by 2024, according to statista.com, a global market intelligence provider.
Globally, the q-commerce market for food and grocery delivery is expected to grow to $72 billion by 2025, according to a report by the database company.
Moreover, the segment is set to grow to $47 billion in the region by 2030, according to new research from management consulting firm Redseer.