Technology for Evolving Ecommerce

Mrinal Chaterjee, Corporate VP-Technology, Shopclues.com
Wednesday, October 8, 2014
Mrinal Chaterjee, Corporate VP-Technology, Shopclues.com
Founded in July 2011 in Silicon Valley, ShopClues.com is India's first managed marketplace that connects buyers and sellers online and offers a trusted and safe online shopping experience.

E-commerce took sometime to arrive in India, but it took very little time to grab the limelight to become one of the most promising industry sectors. Over the last decade, ecommerce has evolved into $47 billion industry and is already giving traditional retail a run for its money. It has a lot of opportunity to offer the industry players and is expected to contribute around 4 percent of India’s GDP by 2020. Shoppers are warming up to online commerce that gives them the change to shop at will from the comfort of their homes.

E-commerce thrives on technology and digital practices. In the coming years,with the rise of social networking and adoption of mobile devices,there will be a sea change in the way enterprises interact and transact with consumers. Several technology changes are sweeping the ecommerce sector:

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