Vietnam-Based Leading Firm Hibox Makes Major Announcement Amid Boom in India's E-Commerce Market

vietnam-based leading firm hibox makes major announcement amid boom in india's e-commerce market

The e-commerce market in India is projected to reach US$ 300 billion by 2030, experiencing significant growth. The country has approximately 800 million internet subscribers, including about 350 million mature online users actively engaging in transactions. The e-retail market is also projected to surpass US$ 160 billion by 2028.

In recent years India has experienced a boom in internet and smartphone penetration which has helped India’s digital sector, and it is expected to reach US$ 1 trillion by 2030. This rapid rise in internet users and smartphone penetration coupled with rising incomes has assisted the growth of India’s e-commerce sector. The Chief Operating Officer of HIBOX company, Malek Salah, highlighted the substantial market potential in India, especially due to the eagerness of young Indians to embrace new and exciting experiences.

Amid the rapidly evolving landscape in the e-commerce industry, Hibox Mystery Boxes, a major stakeholder in the mystery box industry also announced the launch of its summer collection. The collection features limited edition surprises designed to delight and captivate customers. The apps for mystery shopping have become popular as cutting-edge instruments that combine technology and the custom of mystery shopping.

The company also has big plans to expand its operations to penetrate the South American and North African markets. Malek Salah, the COO of HIBOX, stated on the new launch "We are thrilled to introduce our summer collection to our customers. We can’t wait for our customers to experience the joy and excitement that comes with unboxing these limited edition surprises." The latest collection is a testament to Hibox's commitment to staying ahead of trends and providing customers with fresh, engaging experiences. By continually updating its offerings and introducing new themes, Hibox ensures that its customers always have something new to look forward to, the company statement said.

The company plans to continue expanding its product offerings and reach. The company is exploring opportunities to collaborate with well-known brands and influencers to create exclusive, themed mystery boxes. It is also investing in technological advancements to enhance the online shopping experience and streamline the customization process, it added.

India’s e-commerce sector has transformed the way business is done in India and has opened various segments of commerce. The overall e-commerce market is expected to reach US$ 350 billion by 2030.