After the end of the twentieth, as 21st began World Fully Shifted from traditional to Digital in every Segment Including Business communication, Marketing, Teaching, Training, and many more but fascinating Transformation was Shopping online instead of visiting stores and bargaining and getting low-quality Products. after the evolution of e-commerce every Retailer, trader and producer started selling their Products on E-commerce platform/websites. Indian E-commerce Turnover is looked to hike from 39B $ in 2017 to 120B $ in 2020, growth at a yearly rate of 51%, It is the highest in the world. Because of these E-commerce Advantages were equally distributed to Consumer as well as Seller Benefits to Seller:
⦁ A seller does not require a shop or warehouse to Sell his products, he can also sell products form home.
⦁ Minimize Maintenance Expenses of Shops
⦁ He can See his Traffic insights
⦁ He can sell his Products all over Country
⦁ His Money is safe to E-commerce company he will receive payment Safely and some time Instantly to his Bank A/C
⦁ The lending of Products on Future Payment is Ended
Benefits To Consumer:
⦁ The consumer can Buy Any Products or services With only one Click From Anywhere in the world
⦁ Traveling Expenses and time are saved, Delivered directly at home.
⦁ Thousands of Variety Products and Brands are available to Buy In Cheap & low price because of Minimization in Middleman.
⦁ Everything is available in one place. from needle To Refrigerator and many more.
It was established in 1994 July 5. Co. founder and CEO Jeff Bezos. Amazon was initially called as Cadabra Afterward Jeff changed the name to Amazon. Primarily Amazon was Selling Online Books After identifying Growth in Online bookselling. It started to Sell other Essential and Electronic Products. Amazon Entered India in June 2013 and till now 2020 Amazon is the largest E-commerce Company Throughout the World and in India. Its valuation is around 915 Billion US $. It Sells products in Electronics, Grocery, Stationery, chemicals, Automobiles Spares, etc. Other Services of amazon like Amazon Web services, Amazon Prime, Amazon Kindle, Audible, Amazon Fresh, and many more.
Flipkart Was Founded by Sachin Bansal and Binny Bansal in Oct 2007 in Bengaluru. Both of them studied at IIT Delhi. Flipkart is a 24.9 Billion $ Company and 2nd largest in India. Flipkart Sale it's Products in All Categories of Essentials needs and Electronics, Grocery, Stationaries, etc. Myntra, Ekart, Phonepay, Shopbop, Mallers, Jabong are some of the Subsidiaries of Flipkart.
Myntra is one of the leading E-commerce company in Fashion, clothing, gift items, and other Personalized Products. Founded by Mukesh Bansal with Ashutosh Lawania and Vinit Saxena in 2007. Myntra Operates on the Marketplace model. Myntra sell all types of Branded Fashionable products and Its Parent Company is Flipkart. In 2014 Flipkart Acquired Myntra in ₹2,000 crores From Tiger Global and Accel.
It is an Indian based E-commerce Company Founded by Kunal Bahl and Rohit Bansal in Feb 2010 headquartered in Delhi. It Work's in Segment like Home, Kitchen, Electronics, Computer and many more. On 20 Nov Snapdeal joined the International trademark Association(INTA). Snapdeal got Funding Worth 12 Million US $ From Nexus Venture and Indo-US Venture in Jan 2011. Snapdeal acquired some of the following Businesses like Jasper Infotech Pvt Ltd, Grabbon.com, esportsbuy.com, Shopop.in, Doozton.com, Wishpicker.com.
Alixepress is also one of the online retail services From china owned By Alibaba Group Founded in 2010 by Jack Ma. Aliexpress Sell Products in categories like Fashion, All Types of electronics, Jewelry and watches, Home Essentials, Toy, Kids, Automobiles, and motorcycles, etc. It is the biggest E-commerce marketplace in the whole of China. In this year 2020 ist was rated as the 5th largest AI company. In 2014 Sept 19 IPO was launched and raised 231 Billion U.S $. and it was the largest IPO in the world.
Paytm Mall is an Indian E-commerce marketplace It's Operating base is From Noida to Bengaluru and Headquartered in Bengaluru and Owned by One97 Communications it was Founded by Vijay Shekhar Sharma in 2016 During Demonetization in India. Because of Demonetization, Paytm Progressed a lot now Paytm leads its Business in Paytm banks for cashless transactions, E-commerce, Games, and many more. It is a 16 Billion U.S $ Company, Warren Buffet Has also its a stake of 2.76% in Paytm.
CEO Mukesh Ambani, Jio mart is an Indian E-commerce platform as well as Physical Mall. Jim mart Is one Of the leading E-commerce in India, Big Tech giant like Facebook Rs 43,574 crore and Google Rs 33,737 has Invested in jio. It is a consumer Durable and IT Idea of the Reliance Retail chain. Some of the Reliance Group's Subsidiaries are Jio Payments, Haptik, JioSaavn, LYF, Radisys, Mumbai Indians, Network18 Group, DEN Networks, Hathway, Reliance Petroleum, Jamnagar Refinery, Reliance Industrial Infrastructure, Reliance Logistics, Reliance Retail, AJIO, Hamleys and many more.
Shopclues is an Indian E-commerce Company Owned By Clues Network. It Was founded By Sanjay Sethi, Sandeep Agarwal, and Radhika Agarwal in July 2011 California. Shopclues Works in Food Beverage, Personal hygiene, Home, Kitchen, All types of electronics, Refurbished Items, and many more. But The Current Financial Condition of Shopclues is not good.
India mart is an Indian E-commerce Platform That works in Business2Business and Business2Customer Sales and service Through its Website or Android application. Indiamart was founded by Dinesh Agarwal and Brijesh Agrawal in 1996 it Connects manufacturer and Buyer Its Current Stock value is 5000. After facing the financial Crisis of 2008 the company decided to Pivot the focus from Export to the B2B market and raised 10M from Intel capital.
Nykaa Is an Indian based E-commerce Company Which works in Health, Beauty, Fashion, and Wellness. Founded by Falguni Nayar in 2012, Falguni Was a Former MD at Kotak Mahindra Capital. Nykaa's Valuation is around $1.2 billion. It is an Inventory based Business model With Warehouse in New Delhi, Mumbai, and Banglore. It has 68 Physical Stores Around India.