Firm Records 50,000 Online Users, Merchants’ Enrolment Hits 200% Growth Rate

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Kaiglo, a marketplace said it has recorded over 50,000 online users in the last one year that it started operations in Nigeria.

Similarly, the firm said it recorded over 200 per cent growth rate in merchants’ enrolment since the first quarter of this year.

This was disclosed by the Kaiglo’s Co-Founder and Chief Executive Officer, Mr. Victor Eze, during a virtual press conference as part of activities to mark the first anniversary.

Eze, described Kaiglo as an online marketplace with a unique proposition for fashion entrepreneurs, market traders, and smart gadget dealers, adding that Kaiglo remains resolute in its determination to grow local brands and bring people’s favorite market closer to them no matter the location.

Kaiglo launched operations in Lagos one year ago and has since recorded over 1000 merchants registered on the platform.

According to Eze, “It has been a very busy 12 months for us. In spite of the ups and downs in the economy, we are seeing rays of light. As we mark our first anniversary, we can tell you that new merchant enrolment on Kaiglo rose from 50 per cent to 200 per cent with more happy clients expressing their satisfaction with the platform so far and how it has helped them boost sales.

“Currently, we have more than 1000 merchants registered on the platform. Our monthly sales growth increased from 50 per cent in 4th quarter of 2019 to 175 per cent in the 2nd quarter of this year.

“Kaiglo has successfully processed and delivered more than 15,000 items in the past one year, with more than 70% delivered in Lagos alone where it currently has most of its operation”.