Veppy.com, UAE-based up-and-coming online delivery platform, has announced that it will launch its operations in the last week of August.
The platform will first offer customers products from small- and medium-sized enterprises, which account for 80 per cent of the UAE’s retail economy, and will later partner with larger retailers.
“Veppy.com offers a golden opportunity for small and medium enterprises as well as large suppliers to register with us and list their products within these specified categories so that consumers could purchase them through Veppy.com,” said Moustafa Banbouk, founder and chairman of Veppy.com.
“Veppy.com will help lots of small and medium enterprises by giving them business opportunities through our marketplace.
The company invites wholesalers, suppliers and retailers to register their products online to widen their consumer base and promote their brands.
“It gives wholesalers, retailers and small and medium enterprises an opportunity to grow their business through us and also offers consumers a wider choice to shop online with value-added services,” Mr Banbouk added.
“This way, it will help protect a large economic segment and employment of thousands of professionals once our business picks up.”
Registered companies are also encouraged to upload their stock keeping units to support management of inventory.
Delivery times will range from 30 minutes to three hours.
“Our sellers are the heart and soul of our marketplace and we are committed to helping them thrive at every step of their journey,” said Imad Akhdar, co-founder and CEO of Veppy.com.
“Timely delivery has been the biggest problem in the e-commerce sector worldwide.
“The biggest consumer complaint in online shopping is the delay in delivery and product mix-up – often consumers receiving someone else’s products instead of his orders.
“Veppy.com’s unique selling points include the fastest delivery and delivery of the right product to the right customer, which will help us grow.”
The company strives to prioritise personalisation and recommend relevant products to customers based on their interests.
“One of our key differentiators in business will be the fastest possible delivery of products to consumers’ doorsteps within the shortest possible time,” Mr Banbouk added.
“We are assembling transport and logistics resources to ensure fastest packing and delivery of the goods – that will change the entire e-commerce business in the UAE and perhaps in the Middle East when we scale up our business.
Veppy.com offers customers products across numerous categories including men’s, women’s and children’s products, personal care items, toiletries and cosmetisc.
The region’s on-demand online grocery shopping industry is expected to value $20 billion by the end of 2024, according to market research firm Statista.
E-commerce in the region is estimated to amount to $48.6 billion by the end of this year, according to Visa Middle East.
Analysis reports by the Dubai Chamber of Commerce and Industry project that online food and beverage sales in the country will grow at a compound annual growth rate of 8.5 per cent to value $619 million by the end of 2025.
