Announcing
the launch of abof.com (all about fashion: ae-bof), an online one-stop
fashion portal for apparel, footwear and accessories for men and women, Kumar Mangalam Birla, Chairman, Aditya Birla Group said “The e-commerce
sector is a sunrise sector from an investment point of view. While a lot has
happened in the last couple of years, a lot more is yet to happen in this
space. With abof.com,
we aim to offer a wide but curated range of merchandise and a differentiated
shopping experience that can compete with the best in the world. We see abof
emerging as the most admired player in online fashion within the next 3
years”.
Elaborating
further Mr. Birla mentioned that the Aditya Birla Group is already India’s
largest fashion player through Madura Fashion and Pantaloons. “Therefore, it
made sense for us to enter into fashion e-commerce to further strengthen our
pole position in the business of fashion in India. We see the potential to
build another billion-dollar business of the Group in this space” commented
Mr. Birla.
Built with
a vision to become India’s most admired online fashion brand and to provide a
personalized shopping experience, abof has leveraged best-of-breed
technologies. Its experience has been built as mobile first, and it works
seamlessly across a wide range of devices including desktops.
The snappy
and glam-led platform is targeted at millennials, the aim being to offer the
latest styles, a daily dose of proprietary fashion content and style tips. The
webstore provides the trendiest looks of the season from around the world
through its curated collection of products handpicked from brands, and from its
own brand ‘abof’.
“Today’s
millennial generation wants everything fast and personalized. Within fashion,
we identified this as a white space that can be tapped into by a focused
player,” avers Mr. Prashant Gupta, President and Chief Executive
Officer, abof.com.
“abof.com is a result of our quest to
address this gap in the market. We are building India’s most admired
online fashion store and fashion brand, even as incumbents race towards
becoming a fashion marketplace offering deeply discounted branded products”, he added.
abof.com is equipped with India’s first-of-its-kind 3D
virtual trial room - a tool where customers can instantly view themselves in
any product by inputting their basic body proportions. The tool allows one to layer
various garments to check out looks. The webstore also uses a unique
style quiz to understand a customers’ preference and shows only relevant
personalized content. abof has built an ecosystem of
best-in-class partners across technology (e.g., IBM, Cognizant, Razorfish,
Oracle), fashion brands, marketing, and operations.
Additionally,
the consumer experience at abof.com is designed to treat consumers like
celebrities. It uses premium packaging that ensures garments are intact
during transit, and has superior delivery services throughout the week
including Sundays. abof has established a world-class supply
chain infrastructure that is fully tech-enabled. Delivery and customer
care services have been set up to cater to more than 400 cities across the
country.
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