Top e-commerce websites in India
India is the fastest growing online retail market among the world's top economies. According to a recent report released by Ben & Company, India has achieved an annual growth rate of 53 per cent in the online retail market. The reason for this incremental growth is the discount delivery, better delivery infrastructure, governed by e-commerce companies. Along with this, smartphone and data usage has also increased, which has escalated the new opportunities for many entrepreneurs.
Do you know about the top e-commerce websites in India?
According to a report by Morgan Stanley, the Indian e-commerce market will reach US $ 200 billion by 2026. The Indian e-commerce market will grow by 30% in terms of gross goods value. The total value of the Indian e-commerce market is expected to exceed $ 50 billion by the end of 2020. Over the past few years, e-commerce website has became the needs of the Indian people, where some need it for online work and maximum for shopping. So let us tell you which are the top e-commerce websites in India?
1) Amazon India
Amazon India is the most popular website in India. Amazon launched it's Indian website in 2013, six years after Flipkart . In the last 2 years, Amazon has been focused solely on bringing new products to the website, a move that helps them keep customers engaged. Apart from this, due to Amazon's excellent delivery service and high quality of the product, people have started to like Amazon a lot.
On the other hand, Amazon Prime Video has added another section of the society to itself. You can watch your familiar video, films, TV shows and many other things here 24 hours.
Flipkart is the perfect example of a startup that has grown a thousand times in the last 10 years. The journey to Flipkart is amazing, it started with a small e-commerce website selling books and currently it is the second largest e-commerce website in India. Recently Flipkart has received $ 10 billion funding, which the company will use to enhance their technology, bringing new products to the delivery website.
Paytm's third largest ecommerce company, Paytm's journey started with mobile phones, provided facilities like online recharge of mobiles and 2 years ago, Paytm entered the e-commerce industry by launching the e-commerce platform Paytm Mall. The customer has the opportunity to buy apparels, electronic products, mobiles and tablets from Paytm Mall.
The fourth largest e-commerce website is Jabong. Jabong was founded in 2012. Let me tell you that recently Flipkart also acquired Jabong. Even after the merger of Jabong and Flipkart, Jabong is running its website as a separate entity. Jabong's entire theme focuses on shopping.
Myntra is another major e-commerce company that sells fashion-related products. It was established in the year 2007 by Mukesh Bansal. In 2014, Flipkart acquired Myntra to expand its business. Now Flipkart, Myntra and Jabong are working on a platform and are trying to capture the market share of the e-commerce industry.
Note: There are 3 platforms running under 1 umbrella in top 5 e-commerce websites, still Amazon is remarkably making a lead in the market. Please share your comments, if you think you know the reasons why Amazon is making a lead.