Top 12 E-commerce Companies that blew up all the charts of the Indian market
Business APAC
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The invasion of e-commerce companies in India was no less dramatic, as it grips its hold on 84 billion U.S. dollars. It can drastically ascend to 350 billion U.S. dollars by 2030. K.Vaitheeswaran was the person behind plaguing the world’s most populated market after China. He is also popularly known as the ‘Father of e-commerce in India’ who cofounded Fabmart.com in 1999.? All other companies that saw merits in this sector, laid a strong foundation for e-commerce companies in India. This resulted in India ranking 9th globally and is anticipated to surpass the US by 2034 to become the second largest in the world.
Let us dive in and check the top 12 e-commerce companies in India, that made it to the wall of game-changers.
1. Amazon India
Setting up its roots in India in June 2013, Amazon has drifted around the market ever since. It soon became the top e-commerce company in India as a result of an audience reach of 89 percent, scrabbling up the ladder. Even though it started only as an online bookstore, it later expanded its spectrum from Amazon Prime digital media to clothing fashion and from groceries to automation.
2. Flipkart
Flipkart was founded and launched on October 2007 as an online bookstore. Soon it turned out to be a huge success and became one of India’s biggest online stores for mobile, clothing, home appliances, Grocery, etc. The company later sold 77 percent of its shares to Walmart in 2018 for 16 billion U.S. dollars. Following the trail of Amazon, Flipkart gained people’s trust and launched a wide range of products and services.?
3. Myntra
Unlike Amazon and Flipkart, Myntra mainly provides services related to clothing fashion, home, and lifestyle. Myntra came a long way to acquire its place among the top e-commerce companies in India. A boost in its growth was reflected by its 2018 sale to Flipkart. Subsidizing efforts in exploring innovative ideas and practices like artificial intelligence, metaverse, and live commerce have helped Myntra to keep up with the big bulls.
4. Snapdeal
Snapdeal is popularly known for its epic comeback in 2017 after it almost got sold to Flipkart. Most of snapdeal’s products and services focus on home decor and fashion within an affordable range of cost. Because of its growing popularity, Snapdeal was able to captivate huge investors like Foxconn, Alibaba, and Softbank to acquire funding. Over 96.65% of pin codes across India are covered by Snapdeal and have 200 Million app installations per month.
5. IndiaMART
IndiaMART has been founded with the purpose “to make doing business easy” and provides facilities like B2B (Business To Business) and B2C (Business To Consumer). This makes IndiaMART one of the best platforms for connecting manufacturers and customers. 60% of market shares in India’s classified online B2B sector is held by IndiaMART. Subscription fees are their only source of revenue along with advertising revenue.