According to Forrester Research, by October 2020, Flipkart had 31.9% market share — making it the largest online retailer in India. Meanwhile, Amazon India is slightly behind in second, with a 31.2% market share. … Flipkart is currently valued at $35 billion and is reportedly eyeing a U.S. IPO later this year.
Who sells more Amazon or Flipkart?
Flipkart Vs Amazon Market Share
While the quarter, e-commerce giant Amazon hit its archrival Flipkart to hold the biggest ever share of 47% among online channels related to Flipkart is 42%.
Which is no 1 Amazon or Flipkart?
In 2017, the largest e-commerce companies in India were Flipkart, Snapdeal and Amazon. In 2018, Amazon beat Flipkart and was recorded the biggest ecommerce in India in terms of revenue. In 2020, Flipkart heavily outsold Amazon by almost two to one by sales during festive retail season.
Is Amazon big in India?
So don’t be surprised to see Amazon sustain its impressive pace of growth in India. The company’s e-commerce marketplace revenue in India was up 42% in fiscal 2020 (which ended in March last year) to 11,028 crore Indian rupees ($1.5 billion at the current exchange rate).
Which is the biggest e-commerce company in India?
Top 10 Ecommerce Sites in India
- Amazon India. Estimated number of monthly visitors: 322.54 million. …
- Flipkart. Estimated number of monthly visitors: 242.62 million. …
- Alibaba. Estimated number of monthly visitors: 175.95 million globally (4.19 percent in India) …
- Snapdeal. …
- Myntra. …
- IndiaMART. …
- Book My Show. …
Does Flipkart sell fake products?
Flipkart is an online marketplace, an intermediary that helps sellers connect with customers across the country. … The fact of the matter is, it’s not Flipkart which sells fake products, it’s the sellers who are registered on their platform who sell the products online.
What is the most sold item on Flipkart?
Mobile phones and related accessories are the highest selling items on e-tailing websites like Flipkart, Snapdeal etc., according to the Internet and Mobile Association of India or IAMAI. The category contributes ₹ 9,936 crore or 41 per cent to the e-tailing industry, according a research report by IAMAI.
Is Flipkart trustable?
Follow these steps. In India, websites like Amazon and Flipkart are market places and because they have foreign investors these websites can’t actually sell products in India. … In the case of Flipkart, this seller is WS Retail. Buying something from WS Retail is almost 100 per cent safe.
Can Amazon sell fake products?
For the 53 percent of listings run by third-party sellers, Amazon has explicit rules against selling counterfeits, and harsh penalties that may result in account termination or even legal action. And some brands have praised Amazon for at least taking steps to prevent the sale of knockoffs.
Is Amazon winning in India?
NEW DELHI, Aug 6 (Reuters) – India’s top court on Friday handed Amazon.com Inc (AMZN. O) a major victory in a dispute where it sought to block its partner Future Group from selling $3.4 billion in assets to rival Reliance Industries (RELI.
Why did Amazon fail in China?
A global e-commerce giant that failed as it could not adapt to the tastes and preferences of Chinese consumers. … With a market share of less than 1% even 15 years after its launch in the country, Amazon China failed to strike a chord with Chinese consumers and hence it decided to withdraw its online market place.
Is Amazon operating in India?
E-commerce major Amazon is working with sellers on its marketplace in India to help them procure about 9,000 oxygen concentrators for customers in the country.
Is Alibaba bigger than Amazon?
When it comes to sheer size, Amazon is vastly larger than Alibaba. Amazon’s market-cap of $1.5 Trillion dwarfs Alibaba’s $640+ Billion, and when you calculate each firm’s revenue numbers, the disparity is even greater: Amazon had revenues of $126B from its last quarter, whereas Alibaba had $34B.
Which is best e-commerce in India?
Top 7 e-commerce websites in India
- Amazon. Amazon is one of the biggest online stores with a global presence. …
- Flipkart. Flipkart is an Indian based e-commerce venture and over the years, it has garnered a lot of interest in the minds of Indian consumers. …
- Jabong. …
- Snapdeal. …
- Myntra. …
- Shopclues. …
What are the 3 types of e-commerce?
There are three main types of e-commerce: business-to-business (websites such as Shopify), business-to-consumer (websites such as Amazon), and consumer-to-consumer (websites such as eBay).