Palred Technologies’ LatestOne.com crosses milestone of 1 lakh orders in a month

04 Aug 2015

Palred Technologies’ LatestOne.com has successfully crossed the milestone of processing 100,000 orders in a single month within one year of operations. Having commenced sales in August 2014 with 3,000 orders in the first month of business, LatestOne.com processed over 1 lakh orders in July 2015. This further strengthens the position of LatestOne.com as the market leader in online sales of tech & mobile accessories. LatestOne.com receives 25% of orders from Mumbai-Pune, 20% from Delhi-NCR, 15% from Bengaluru and 40% from rest of India.

In the month of July 2015, LatestOne.com received more than 1.0 lac visitors daily of which 35% are repeat visitors. Of the one lac orders received in Jul, 20% were placed by repeat customers buying second time or more. Customer Satisfaction levels are high, with replacements & refunds remaining below 1%.

LatestOne.com commenced its operations in August, 2014 in Hyderabad. It is owned by Palred Online Technologies which is a subsidiary of Palred Technologies, a public limited company listed on BSE and NSE since 2004.

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