Intrasoft Technologies Ltd Company Summary

IntraSoft Technologies Limited, incorporated on February 27, 1996 is a technology-driven multi-channel online retailer serving the US market. It uses the proprietary e-Commerce platform and delivery engine to sell products for vendors on different market places. It currently offer 150,000+ products of their brands across all major categories - home & kitchen, garden & outdoor, tools & home, sports & outdoor.

The Company is operating through its Wholly Owned E-Commerce Subsidiary 123Stores, Inc. USA and focuses on the US Online Retail market and was ranked as the 262nd largest Internet Retailer in USA as well as the 11th fastest growing Internet Retailer in the 2016 Top 500 Internet Retailer Guide.123Stores Inc. sells approximately 535,000 products from over 1,746 brands on the Internet under the brand name 123Stores.

The E-Commerce Portal offers customers direct access to a vast selection of products, superior customer service, convenience of fast delivery and low affordable prices. The Company has strategic partnerships with Amazon.com & Ebay.com and others to sell its products to their customers, similar to a shop-in-shop format. Their focus has centered on scalable technology platforms and addressing consumer needs through active engagements with e-commerce marketplaces, brand manufacturers, and logistic partners.The Company enjoys multi-year relationships with e-commerce marketplaces on the one hand and brand manufacturers on the other; it has invested in scalable technology platforms and engagements with logistics providers to address widening consumer needs.

The technology forms the core of Companys business, enabling it to service a wide network of brand partners and process a large volume of orders. It rely on proprietary technology solution to deliver millions of orders across the U.S market, in the fastest time possible. The complex business algorithm of proprietary technology is prime enabler of business value.

The Company system is well integrated with that of the entire ecosystem - brand partners, marketplaces and carriers - enabling a seamless flow of product and other data.During the year 2015-16, a step-down subsidiary was formed named as 123Stores Ecommerce Private Limited, which is a wholly owned subsidiary of 123Stores, Inc.