Whereas most of Colombo was centered on shares and investments, a really actual shift in how Sri Lankans purchase and promote issues was quietly underway.
MO Market, launched in June 2024 by founder and CEO Anika Wijesuriya, is Sri Lanka’s first devoted shopping for and promoting cellular platform, rising sooner than most boardrooms have observed. Already dwell on Google Play and the App Retailer, the platform has recorded over 45,000 downloads and 12,000 registered customers in underneath a 12 months. For a market reliant on Fb teams, WhatsApp forwards, and roadside signage, this isn’t a minor shift.
The timing is critical. Sri Lanka’s center class is digitising quick. Smartphones are not a luxurious, they’re a should. Belief in digital transactions, as soon as the area of the younger and risk-tolerant, is increasing quickly. The aggressive edge is tangible. SMEs on bigger platforms pay commissions of 15% to 30%. MO’s most is 10%, the bottom available in the market, and that distinction issues enormously to small sellers.
MO additionally handles supply and cost finish to finish, protecting each consumers and sellers protected by means of each transaction. It’s constructed on belief, a structural benefit most platforms underestimate. With AI-powered itemizing instruments and automatic picture enhancement launching in July, MO is elevating the bar on what an area promoting app can do.
Sri Lankans have at all times purchased and offered this manner, in WhatsApp teams, Fb posts, and phrase of mouth. MO Market is solely the primary platform constructed to do it correctly, giving it the infrastructure it by no means had.
