August - 2016 issue > 20 Most Promising e-Commerce Companies - 2016  

The number of internet users in India which was poised at 354 million in June last year is expected to cross the 500 million mark by the end of this year. This exponential growth of internet penetration in India has been a very strong growth factor for most industry verticals. However, e-Commerce is the one segment which has grown leaps & bounds by unleashing the true potential of the internet. According to a survey by Google, the number of online shoppers in India which was 35 million in 2014 will cross the 100 million mark by the end of this year.

However, consumer behaviors and expectations are evolving with each passing day, and the businesses are forced to come up with new business models in order to survive on the rough tides of this segment, which is primarily driven by pricing, convenience, user-friendliness and quick delivery times. But not all companies have the necessary infrastructure in place to cater to these aspects, thus making them rely on third party solution providers to cater hassle-free and customer centric experiences on their platforms.

This archive of ‘20 Most Promising e-Commerce Companies - 2016’ by siliconindia not only assists the users in selecting their preferred online shopping destinations, but it also serves a guide for companies who are on the look-out for such solution providers who have shown immaculate excellence in this industry. A distinguished panel of industry’s topmost CIOs, CEOs, VCs and industry experts, including siliconindia’s Editorial Board scrutinized the list of companies in different business aspects. The thorough analysis of their business practices & services, and comparing them against industry standards has finally led siliconindia to come up with the best companies in the e-Commerce genre. While this listing intends to facilitate such companies, it also puts forward an easy hassle-free platform for people to partner with the finest, who in-turn help them in providing better solutions; thus transforming Indian e-Commerce sector into a highly evolved market segment.