5 Things That Changed The Face Of Indian E-Commerce In 2014

BANGALORE: E-commerce industry in India is growing annually at 35 percent, and have consumer base of 40 million, which is expected to grow to 65 million by 2015. Currently, Indians are spending 6, 000 on online purchase on an average, with growth prospective of 10,000 next year.

Struggle among major businesses have developed into full-fledged combat to tap on this opening, and they are analyzing this as tremendous growth prospects. The Indian e-commerce industry is valued at $17 billion now, and this year alone had $4 billion that was pumped into this flourishing sector. Now, let’s take a close glimpse into major highlight of Indian E-commerce in 2014, which will have substantial effect in approaching years, as compiled by TOI.

1. Flipkart Sales Touched Billion Dollar Marks

Flipkart witness outstanding growth in its annual sales, reaching $1 billion score. This has pleased numerous communities in e-commerce sector; India has second most internet user only after China but still Indian e-commerce market generates $2 billion sales a year, much smaller than that of China with $300 billion.

2. Flipkart Grown To Third Most Valued Tech Undertaking In India

Flipkart raised $700 million in its latest investment from new investor like Qatar, Greenoaks, and Steadview along with existing investor, which increased its valuation to around $12 billion. In May, it had raised $210 million, followed by $1 billion in July. With current valuation of $ 12 billion, Flipkart becomes the third most valued tech venture in India.
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