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Koramangala web developers cash in on high demand for online shopping websites

Online carts have replaced shopping bags and mall hopping has been taken over by Internet surfing. Welcome to the world of e-Commerce, a trend, which Koramangala techies have cashed in on.
The average growth rate of both new and old e-commercesoftware development companies varies between 30 and 300 percent. According to Payal Jain, co-founder of Jain Technosoft at Koramangala, five out of three company owners today, will g o for a website, while 50 percent of brands, both big and small ones have an e-commerce website of their own.
Payel Jain along with her husband started Jain Technosoft in 2011 with initial investments not exceeding Rs 2 lakh. Within just two years the company has registered a whooping 300 percent growth and a 50 percent profit margin.
End-To-End Solutions
Most of the e-Commerce software development companies offer end-to-end solutions for both start-ups as existing e-commerce websites for up gradation. The few major services include open source e-Commerce integration, payment gateway integration, secure online transaction or shopping cart solution, credit card payment integration and custom e-Commerce websites among others.
Jain Technosoft provides analytics and reporting service, which helps the client to understand the dynamics of the business as these weekly reports give detailed record of customers, most clicked sections, inventory and stock management.
Biju Varghese, the proprietor of Talking Pebbles another development company in Koramangala is mostly concentrating on search engine optimisation services, which are heavily in demand. To upgrade their SEO services, the company has invested Rs 10 lakh.
The company not only develops websites for e-Commerce companies, but also helps the client to identify their target audience along with developing and promoting the brand online.
The cost to clients for starting an e-commerce website according to Varghese can start at Rs 1 lakh and go up to any limit depending on the size, preference and investment of the company. "According to market standards, return on investment could range anywhere between 20 to 40 percent," said Varghese. With a year on year growth of 20 percent, Varghese is working on an undisclosed project worth about Rs 20 lakh, which is likely to come up by the end of 2013.
Hot-Spot Koramangala
The location of Koramangala has helped many start ups in the e-commerce software development sector. Proximity to IT hubs, good connectivity with rest of the city and the best place to find techies in cluster helps the businesses grow.
Being located in Koramangala has been one of the prime factors that contributed to the growth and success of Eyota Techonologies started by another techie Anu Tom with an investment of Rs 15 lakh "Koramangala hosts several big and small companies alike and so being located here is an advantage," Tom added. Within the first two months of 2013, Eyota has catered to e-Commerce application development for four Koramangala companies.
Glocal Clientele
Target audience for these websites includes a global clientele, local businessmen and existing e-commerce sites.
Local clientele demand has been giving impetus to the growing business of Talking Pebbles. Sapna Book House, a Koramangala shop has gone online with the help of Talking Pebbles. The local clientele of the company includes names like HP Reselling.

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