Top Ecommerce Companies In India
Posted onIndians are known for their large population. It's the second most populated place in the world, after China. The internet penetration rate of its 1.37 billion people, roughly 500 million of them, is pretty low, standing at 41 percent. Due to India's size and low internet penetration, the e-commerce sector is still massive.
eCommerce in India is booming at a very fast pace. The eCommerce segment has seen an influx of startups in very short order. A large number of multinational companies operate their eCommerce businesses in India as well.
India's adoption of the internet and smartphones is also growing rapidly. With so many Indians owning smartphones, there is a clear trend toward mobile commerce as a preferred method of purchasing goods and services.
While the Indian e-commerce sector is still in the early stages of development, it has the potential to grow in scale and create a huge market for both major and small players alike.
Top eCommerce Companies in India
- Amazon India
- Flipkart
- Alibaba
- Sanpdeal
- Myntra
- IndiaMART
- First Cry
1. Amazon India
Amazon is an American eCommerce company headquartered in Washington. Jeff Bezos founded the company on 5th July 1994. Accordng to revenue and market capitalization, it is the world's largest internet retailer. Among the products sold by Amazon.in are apparel, electronics items, software, videos, books, etc.
Across hundreds of categories, Amazon has over 160 million products available to all customers.
The US e-commerce giant Amazon reaches 89 percent of its Indian audience, according to Statista. As of January 2015, the site generates 322.54 million monthly visitors, the highest number in India.
2. Flipkart
Flipkart is the largest Indian eCommerce company based in Bengaluru. The company was founded by Binny Bansal and Sachin Bansal in October 2007. flipkart online services actually operates under the name Flipkart Online Services Pvt. Flipkart is owned by Limited. Books, movies, music, games, consoles, gaming accessories, mobile devices, mobile accessories, cameras, etc. are the main items on the site.
Additionally, it sells computers, computer accessories, network components, software, peripherals, home appliances, TV and video products, apparel, personal care products, and healthcare products.
Estimated number of monthly visitors: 242.62 million.
Though it may trail Amazon by 100 million monthly visitors, Flipkart still holds its own against international giants like Amazon.
3. Alibaba
alibaba.com is owned by Alibaba Group Holding Limited based in China. Alibaba's web portal offers B2B, B2C, and C2C sales services. Alibaba is the world's largest and most valuable retailer since April 2016. Over 200 countries are currently served by the company. India's fastest-growing retail company is Alibaba.
Alibaba offers a similar offering to its Indian rival Flipkart, 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.
4. Sanpdeal
Snapdeal was founded by Kunal Bahl and Rohit Bansal in February 2010. Its headquarters are in Delhi. Originally a daily deal platform, the company became an online marketplace in September 2011. Known for its variety of online shopping, Snapdeal has attracted a lot of attention from customers and investors alike.
There are more than 300000 sellers on the site across India. Furthermore, there are over 30 million products offered by the company across 800+ different categories from 135 thousand regional, national, and international brands and retailers.
Visitors estimated at 56.41 million per month.
The most popular Snapdeal category is electronics, but the online store also offers fashion, toys, beauty, health, books, and home and kitchen products.
5. Myntra
In 2007, Myntra launched as a pure-play e-commerce site, and has since grown into one of the most prominent fashion, home, and lifestyle e-commerce sites in India. Due to its 2014 sale to Flipkart, as well as its acquisition of Jabong.com, the company has grown even further.
Among the merchandise available at Myntra, there are apparel, home goods, and childrenswear from global and local brands.
6. IndiaMART
A web portal called indiamart.com belongs to IndianMART InterMESH Ltd. Dinesh Agarwal and Brijesh Agrawal founded the company in 1996 to provide B2B services. Its headquarters are in Noida.
As a matter of fact, the business model of the company is to provide an online business directory. Small & Medium Enterprises (SMEs), large enterprises, and individuals have access to the channel online. Its mission is to make doing business easy.
Using IndiaMART, manufacturers, suppliers, and exporters can promote and expose their products to one another. IndiaMART has a range of categories that include building and construction, industrial machinery, apparel, electronics, as well as chemicals, dyes, and solvents, just to name a few.
7. First Cry
Founded in 2010, firstcry.com is an e-commerce platform that specializes in goods for babies and children up to the age of early teen. With more than a dozen brick and mortar stores across India, firstcry.com is the largest online retailer of children's goods in Asia.
On the platform, one can find anything children might need. The store offers apparel, toys, books, feeding and nursing products, as well as mom and maternity products.