TOP 10 E-COMMERCE FIRMS IN INDIA

The Indian E-commerce Organizations have witnessed a sudden peak since year of 2007. This unprecedented growth has led to some miracle companies growing up. From about 4 Billion USD in 2009 to nearly 700 Billion USD in 2018. The Indian E-commerce market is expected to get over USA as the second-largest market by 2030. The giants of the Indian industry are trying to hold place in this current E-commerce market.Today, everybody prefers to shop online due to lack of time and reasonable pricing. These are the two factors that matter the most.

WHAT IS E-COMMERCE?

E-commerce (Electronic Commerce) is the activity of electronically buying or selling products on online services or over the Internet. Electronic commerce rely on Mobile Business, Electronic Funds Transfer, Supply Chain Management, Network Marketing, Electronic Data Interchange (EDI), Inventory Management Systems, and Automated Data Collection Systems. E-commerce is driven by the technological advances of the semiconductor industry and is the largest electronics industry sector.

THE BEST E-COMMERCE FIRMS IN INDIA

FLIPKART

Flipkart is the first E-commerce company in India. Flipkart was founded by Sachin Bansal and Binny Bansal in 2007. Although registered in Singapore, Flipkart has its base in Bengaluru. It has acquired many smaller E-commerce companies since its inception, like Myntra, and is one of the most trusted sellers in India.

Flipkart managed to gather revenue in the range of INR 19834 Crores in 2017. The company also sells a native self-developed range of products under the name of Digi-Flip, including laptops, tablets, and laptop bags. The company is truly a leader in the online selling marketplace and has millions of satisfied customers.

AMAZON

Amazon often referred simply as Amazon, an American E-commerce and cloud computing company with its headquarters in Seattle, Washington, Amazon entered the Indian market in 2012. It had since been giving extremely tough competition to other firms. Second, only to Flipkart, Amazon has no shortage of funding and has left all other e-commerce companies in India far behind. With its fantastic customer service, Amazon has recorded the highest growth in the Indian E-commerce industry.

Amazon provides features such as content search (searching for exact text in a book), reviews, and affiliate marketing programs. It has nearly 197.8 million monthly visitors from all over world.

ALIBABA

Alibaba founded in China in 1999 owned by Alibaba Group Holding. Alibaba is an internationally recognized major player in the E-Commerce market. It’s a huge multinational company that specializes in all things online from E-Commerce to online retail, Internet, and technology with an estimated number of monthly visitors of 175.95 million which eventually over came by its Indian competitor, Flipkart, Amazon.

Alibaba has a similar offering with product categories including home and kitchen, tools and hardware, rubber and plastics, electrical equipment and supplies, vehicles and accessories, toys and hobbies, consumer electronics, apparel, and more.

MYNTRA

Myntra is a pure-play E-commerce site launched out of India in 2007.Myntra has since gone on to become one of the premier fashion, home, and lifestyle E-commerce sites in the country. It’s 2014 sale to Flipkart, in addition to the acquisition of competitor Jabong.com has helped it to grow even further. As a fashion retailer, Myntra stocks a range of goods from a wide variety of international and local brands, covering men's wear, women's wear, kids wear, and home-based products.

SNAPDEAL

Snapdeal was founded by KunalBahl and Rohit Bansal in 2010. Snapdeal has a base of its operations in New Delhi, India. Snapdeal is an online variety shopping platform that has garnered much attention from customers and investors alike. Since launching in 2010, Snapdeal has attracted funding from big-name investors Alibaba Group, Softbank, and Foxconn.

Snapdeal operated by the name Jasper Infotech Pvt Ltd and was once a website offering daily deals. Although Snapdeal has reported losses amounting to INR 3396 crores in 2017, it remains in the third position in our list.

PAYTM

Paytm is a subsidiary of One97 Communications Ltd. Paytm is an Indian e-payment and e-commerce company making waves worldwide. Paytm is an acronym for Payment through mobile. Headquartered in Noida, UP Paytm was founded in 2010 by Vijay Shekhar Sharma. Paytm has over 150 million monthly active users, and a revenues ofINR 4,217.20 Crores on a consolidated basis in 2020.Paytm still continues to lead with the highest market share in offline merchant payments with 15 per cent month-on-month growth.

Paytm also launched a separate platform named Paytm Mall in 2017 for the daily shopping needs of consumers.The firm started by offering online recharge and has since added bill payments and online shopping to its portfolio.

EBAY

eBay was founded in 1995 by Pierre Omidyar andhas a base of its operations in San Jose, California. Like Amazon, eBay is an America-based E-commerce company operating in India. eBay is the world’s ninth-largest internet company in terms of revenue of around 9.76 Billion USD in 2020.eBay is involved in B2B and B2C business models. After assuming operations in India in 2004, eBay India has since been acquired by rival e-commerce company Flipkart.

MAKE MY TRIP

MakeMyTrip is the largest travel company and is known for its powerful online presence. Founded in 2000 by Deep Kalra, MakeMyTrip first started its operation in America and expanded into India in 2005.

The company provides travel packages, including flight and train tickets, hotel bookings, and complete travel packages. The company has an international presence in Sydney and New York City. It provides tour and travel packages at various locations around the world. Even if MakeMyTrip had Limited in Covid-19 Crisis year of 2020, they nearly had a revenue of 512 million U.S. dollars which is great.

BOOKMYSHOW

BookMyShow is a leading online entertainment portal used for booking tickets to movies, concerts, plays, matches, and various other functions. This online portal was founded in 2007 by Ashish Hemrajani, ParikshitDhar, and Rajesh Balpande. It was born as BIGTREE Entertainment, and later the name was changed to BookMyShow.

BookMyShow also offers information about various upcoming movies, concerts, and plays, along with show timings, venue, and ticket pricing. BookMyShow also has many acquisitions under its name, and the highest revenue to date was 5.5 Billion USD.

99ACRES.COM

99Acres is an Indian real estate database website founded in 2005. Its founder is Sanjeev Bhikchandani, and the company is headquartered in Noida, Uttar Pradesh. The company is presently owned by Info Edge, which also holds the employment firm Naukri.com. The website offers various features related to property, such as listing from property owners, dealers, and builders. The company has also launched its mobile app, which has many users.

CONCLUSION

As we discussed about the best 10 E-commerce companies in India, The Indian E-commerce sector has a good representation of various word class organizations.Additionally, the Indian E-commerce is still in development stages with its rich market and opportunities. India is very populated land for many marketing, trading, technologies for many growing business sectors which make a great place to many E-Commerce organisation to spread like a wild fire in a very short range of time.