Top 10 E-Commerce Companies In India.
Howdy, hope you all are fine. Very recently we hear the news that “Amazon Inc founder Jeff Bezos adds record $13 billion in a single day to his fortune”. Yes, what we hear is right; Jeff Bezo’s company- Amazon gets the most out income from a single week in such a pandemic situation of COVID 19.
How Amazon reached this stage is because of the same pandemic situation that we have mentioned above. — The COVID 19. people are too afraid to get-go outside and purchase; so they utilized e-commerce platforms for daily requirement items.
Not only Amazon; but also the whole e-commerce networks in the world are making utilization of this pandemic situation by providing safe and secure product delivery to their home.
In this blog, let us check out the Top 10 e-commerce companies in India. In India, the history of e-commerce starts with Vaitheeswaran — known to be the father of Indian E-Commerce. He started the first e-commerce platform in India named fabmart.com, later vanished in the hipe of the major e-commerce platforms like Flipkart and Amazon.
Let us discuss the Top- 10 E-commerce sites in India.
1.Flipkart.com
Flipkart was the mature and quality e-commerce platform built in India in 2007. It was founded by Sachin Bansal and Binny Bansal in 2007.
Flipkart owns approximately 40% market share in the Indian e-commerce market. It was acquired by Walmart in 2018 by acquiring a share of 77%.
2.Amazon.in
Amazon is the second largest e-commerce company in India, the Indian edition of global giant Amazon. Amazon came to India in the year of 2011and now the major e-commerce business holder in the country.
Amazone stands second under the Flipkart on the basis of market share, but Amazon is still the giant on the basis of annual income and shared income.
3.Myntra.com
Established in 2007 by Mukesh Bansal as a business to the business e-commerce platform. later in 2011, it started to sell personalized products and also provided some exclusive products. later in 2014, myntra was acquired by Flipkart for INR 2000 rupees.
4. Snap Deal
Based on Delhi, founded by Kunal Bahl and Rohit Bansal in February 2010. snap Deal raised several rounds of funding. Alibaba, Foxconn, and Softbank invested around us$ 500 million in 2015.
5. Jabong.com
Jabong was founded in 2012 as a fashion and lifestyle e-commerce platform. Later it was acquired by Flipkart’s owned myntra.com in 2016. Now, in 2020- jabong.com is redirected to myntra for extreme focus on Myntra.com
6.Paytm Mall
Paytm is an Indian e-commerce payment platform and they have started as the subsidiary of the one97communications Paytm brand. Paytm Mall mainly focuses on electronic goods.
7. Tata CLiQ
Tata Cliq is a fashion — luxury e-commerce brand from the house of tata. They mainly concentrate on categories such as Electronics, Fashion, Footwear, and Accessories.
Tata CLiQ was started in 2016 with the selling of international products and also have signed a contract with Adobe for digital items.
8.Shop Clues
Shop clues is an Indian marketplace owned by Clues networks Pvt based on silicon valley. Shop clues are based on Gurgaon with about 600,000 merchants and 28 million products on its platform. In 2019, it was acquired by Singapore based company for approximately 70 million us Dollars.!
9. Ajio
Ajio is a e-commerce fashion website official entry into the market in 2016 during the Season16 Lakme fashion week. it was the subsidiary of Reliance retail Lmt.
10. Jio Mart
Jio mart is an Indian Grocery delivery service as a joint venture between Reliance Retail and Jio platforms.
It mainly focuses on the delivery of grocery and daily utility products and essentials in nearby Reliance retail stores. It was soft-launched in December 2019 and came up active during these covid19 situations. This beta version of e-commerce is now a huge success — the beta version of the app that Reliance outed get downloaded 1 million individuals in matter of time.
Conclusion.
We could not Include some of the e-commerce sites such as Alibaba, banggoods, club factory, etc due to the ban of these apps by the Indian government on security reasons.
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