UtsavMarket.com
Global MultiVendor Marketplace to Celebrate Indian Festivals
April 2023 – Till date invested
– Only Durga Puja is worth 2.5% of Bengal’s GDP
Indian festivals such as Diwali, Holi, and Navaratri are major drivers of economic growth, with consumers spending billions of dollars on gifts, clothing, and special festive food items. According to a study by the Confederation of Indian Industry (CII), the Indian festival market is valued at $22 billion and is expected to grow at a CAGR of 15% over the next five years. Diwali alone is responsible for generating $3 billion in consumer spending. These festivals drive consumption and create employment opportunities in various sectors such as e-commerce, retail, logistics, and more.
According to Research commissioned by the British Council on behalf of the Department of Tourism, Government of West Bengal (Refer: British Council) Durga Puja is worth 2.5% of Bengal’s GDP, and only this single Puja economy in 2023 may expand by 20-30 pc.
Set the festive mood with everything from UtsavMarket.com and celebrate your culture and tradition.
Brief about UtsavMarket.com
UtsavMarket.com, a superbrand of MyMahotsav (My Mahotsav, Mahotsav in Hindi महोत्सव means Big Festivals), is designed to tap into the immense potential of India’s vibrant festival market. MyMahotsav seeks to bridge the gap between consumers and businesses, providing the right information and tools to unlock this growing industry.
The concept of UtsavMarket.com emerged from the need for a comprehensive platform that could cater to the diverse requirements of Indians worldwide. From overseas Bharatiya seeking puja samagri to those in India looking for high-quality festival items, UtsavMarket.com offers a one-stop solution. With the Indian government actively promoting culture and tradition, alongside a massive population embracing ethnic and local fashion, the market is ripe for growth.
As the Indian diaspora gains disposable income, spending on festivals, fashion, and food is surging. UtsavMarket.com is ideally positioned to meet these demands by providing a wide range of directory publications, information, products, and services that cater to the needs of the Indian community during festivals and religious ceremonies. Our business also plays a pivotal role in digitizing one of the oldest, richest, and most vibrant institutions in the world—the temples.
Headquartered in London, MyMahotsav has established itself as a high-tech company at the forefront of innovation. We’ve gained recognition for our cutting-edge social media platform focused on temples, events, and festivals, seamlessly integrating it with a multi-vendor marketplace that prioritizes user experience and design. Our team is diligently working on a SaaS solution to digitize temples and bring them into the modern age.
Investing in UtsavMarket.com means joining a dynamic team dedicated to serving a billion hearts, both in India and among the global Indian diaspora, with a platform that celebrates culture, tradition, and technology.
Investment Process
The informal approach to the founding team
Extensive market research, feasibility study and technology fitment
Investment into MyMahotsav FutureTech Ltd. to own a significant share
Hiring new team and investing in digital marketplace technology .
Ongoing operations, marketing and expansion support with the team
Investment Theme
The young and dynamic technology team of the UtsavMarket.com venture was led by the founder and owner of MyMahotsav FutureTech Ltd. The company had a brilliant idea, the right marketplace and technology know-how. They needed solid support from a long-term investment partner, operational guidance and technology investment.
MavensWood partners provided the much-needed direction to expedite the technology product development, scope and sizing and launch into multiple markets.
Promoting Women Solo and SMB Entrepreneurs Worldwide
Two Way Marketplace
UtsavMarket.com is a two-way marketplace where vendors and users connect seamlessly. It offers a comprehensive selection of products for all Indian festivals, providing everything from decor to food items. Vendors benefit from a global platform to showcase their goods, while users enjoy a secure, vibrant space to find everything they need for festive celebrations.
A to Z of Indian Festival Needs
UtsavMarket.com provides an extensive range of products for all Indian festivals, offering everything from A to Z to meet your celebration needs. From traditional attire and decorative items to sweets, pooja essentials, and more, we’ve got you covered. Discover a one-stop destination for all things festive, making your celebrations vibrant and memorable.
Local Shopping, Global Delivery
UtsavMarket.com bridges local shopping with global delivery, allowing you to shop for authentic Indian products from anywhere in the world. Whether you’re in Mumbai or Manhattan, get your favorite festival essentials delivered to your doorstep. Experience the convenience of a hyperlocal marketplace with the reach of a global network, bringing Indian traditions to you, no matter where you are.
Trending Festive Fashions
Discover the latest trends in festive fashion at UtsavMarket.com. Our platform features a diverse collection of traditional and contemporary styles for every celebration. From vibrant sarees to chic kurtas, find the perfect outfit to make your festival special and fashionable.
Puja Samagri for Faith
UtsavMarket.com offers a comprehensive selection of Puja Samagri for all your spiritual needs. From incense sticks and idols to sacred threads and prayer books, find everything required for your rituals and ceremonies. We ensure the highest quality products to support your faith and devotion.
Health and Beauty Marketplace
UtsavMarket.com is your destination for the latest in Indian beauty and cosmetics. Discover a wide range of traditional and contemporary beauty products, from herbal skincare to vibrant makeup. Our marketplace brings you the best brands, ensuring you always look and feel your best.
Digital and Cultural Books
UtsavMarket.com caters to the intellectual curiosity of educated Indians with a vast collection of digital books and scripts. Explore a diverse range of genres, from traditional epics to modern literature, all available at your fingertips. Dive into Indian culture, history, and spirituality with our expansive digital library.
Indian Ayurveda and Healing
Discover the rejuvenating world of Indian Ayurveda and healing at UtsavMarket.com. Explore a range of natural remedies, herbal supplements, and wellness products rooted in ancient Indian traditions. From skincare to holistic health, find everything you need to support a balanced and harmonious lifestyle.
Artisan Deities and Sculptures
Elevate your space with handcrafted artisan deities and sculptures, perfect for homes and temples. At UtsavMarket.com, you’ll find a diverse collection of exquisite Indian craftsmanship, capturing the essence of traditional art. Discover unique pieces that bring spirituality and culture to your environment.
Backing of Social Network
UtsavMarket.com, powered by the vibrant social network of MyMahotsav.com, offers a unique community-driven shopping experience. Connect with like-minded users, share insights, and discover exclusive deals—all within a trusted social environment. Enjoy a marketplace that values community and cultural connections.
Multimodal Customer Support
UtsavMarket.com provides world-class customer support across multiple channels. Whether you need help through chat, email, or phone, our dedicated team is ready to assist. Experience seamless assistance wherever you are, ensuring a smooth shopping experience from start to finish.
Lowest Commission for Vendors
UtsavMarket.com offers vendors the lowest commission rates, ensuring they maximize their earnings. Our platform provides a modern digital experience, making it easy to manage listings, track sales, and connect with customers. Reach a vast and growing market with unparalleled support for your business.