Listen to this articleBelow is our recent interview with Amit Shah, chief strategy officer and U.S. general manager at VTEX:
Q: Could you provide our readers with a brief introduction to your company?
A: VTEX is the enterprise digital commerce platform for brands and retailers looking to build a future-proof digital commerce strategy. With our modern platform and team of digital commerce experts, we enable enterprises to achieve faster time-to-market, reach their consumers across any channel and uncover new areas of growth.
Q: Any highlights on your recent announcement?
A: In July of this year, we took our company public on the New York Stock Exchange, marking a major milestone for us. As the leading digital commerce platform in Latin America, which is the fastest-growing region for ecommerce in the world, we wanted to leverage this momentum to expand our operations in Europe and in the U.S. We also just announced our earnings, seeing our total revenues increase to $30.9 million in the second quarter of 2021, a 22.1% in USD year-over-year increase. We’re proud of all the progress we’ve made in recent months relative to going public, and we’re excited to show our customers and other enterprise retailers what’s yet to come.
Recommended: Q: Can you give us more insights into your offering?
A: Through our intuitive platform, enterprise retailers can build or migrate their online stores, integrate orders across channels and expand their product offering by leveraging a marketplace model. We combine commerce, marketplace and order management into a single platform to empower retailers to unlock new revenue streams. Our solution allows for flexibility and rapid time-to-revenue with our API-first, cloud-native and headless capabilities. And with our low-code development platform, retailers can easily build and customize their sites to fit their unique and evolving needs.
Q: What can we expect from your company in the next 6 months? What are your plans?
A: We have our eyes set on growing alongside our customers by helping them grow their GMV from existing online stores and expand across regions or brands by opening additional online stores. We want to continue focusing on expanding in Latin America in the short-term, seeing as it’s one of the fastest-growing ecommerce markets in the world. When we look to the long-term, we’d like to increase our presence in other geographic markets like the U.S. and Europe, which currently represents about six percent of our revenue.
Recommended: Vendita Delivers Database Automation And Compliance Tool That Helps Organizations With Their Digital Transformation
What is the best thing about your company that people might not know about?
A: ur platform provides the perfect combination of customization and speed-to-market for enterprises. We are combining the best of both worlds: out of box capabilities, while giving them to the ability to personalize their experiences.
Last Updated on November 20, 2021
