‘Yudala to be profitable by 2020’
Pioneer online and offline e-commerce outfit, Yudala, is hoping to become profitable by 2020.
The Vice President of Yudala, Prince Nnamdi Ekeh, who disclosed this, said the projection will make the firm the first e-commerce company in Africa to return profits within its first five years of operations.
Cornered by the media on the sidelines of Unusual Praise 2017, a gospel concert hosted by the Catholic Church of Divine Mercy in Lekki, Prince Ekeh, noted that the facts and figures on ground show that Yudala is on track to set another record in what has been a ground-breaking journey in the Nigerian e-commerce industry.
“At Yudala, our strategy is clear and distinct from anything else on offer in the market today. Our fusion of online and offline is not only futuristic, but one that has been copied by other global e-commerce giants. On the back of this, we have seen a consistent growth trajectory that will see Yudala emerge as the first profitable Nigerian e-commerce company by 2020.
“Furthermore, we are renowned as arguably the most credible source of genuine products in the e-commerce sub-sector today. Every item on the Yudala platform, online or offline is sourced directly from the manufacturers, and this has clearly distinguished the Yudala brand in the marketplace,” he stated.
According to him, the firm posses possess superior logistics and delivery timelines that have endeared it to shoppers.
“As a result, we have consistently seen repeat purchases from our customers. In most cases, we have also been able to win over new shoppers, the majority of whom, having patronised other platforms, have not looked back since their first experience of Yudala. Aligned to the foregoing is the passionate, committed and highly professional team we have in the company, all of whom have continuously displayed the hunger and capacity to deliver on our mandate.
“Finally, we have God. You will agree with me that with all these factors in place, the sky is just the starting point for us,” he stated.
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