Amazon The Top e-tailor In 2014 Followed By Flipkart In India
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Amazon The Top e-tailor In 2014 Followed By Flipkart In India

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BANGALORE: The e-commerce platform in India is at a ripe stage with possible growth in all areas. There is a place for everyone in the Indian online retailer space but Flipkart, Snapdeal and Amazon were battling to occupy the number one position.



And according to a survey conducted by People’s Choice,   cashback and coupons sits CashKaro.com.Amazon won the title followed by Flipkart and Snapdeal on 2nd and 3rd position respectively. Both the companies have big plans for growth and expansion, while at the same time looking to make profits in the near future.



Myntra, Jabong and Shopclues were voted in the top list in a survey conducted over 20, 000 online shoppers. According to Swati Bhargava, co-founder of CashKaro.com, “This year, the industry was abuzz with fresh funding of close to $3.9 billion among top-e-retailers, the Flipkart-Myntra merger and mega sale days like GOSF, Flipkart’s Big Billion Day and more,” reports Business Standard.



Amazon was the favorite choice of the buyers to purchase laptops this year while Flipkart made big sales in smartphone sales “Amazon.in wore the crown of the most popular website. Cashback and deals were the favored factor to shop online among consumers,” added Swati.



This year Amazon whooped in an exclusive deal to be the sole online seller of Microsoft’s entertainment book, the Xbox one and many other discounted products in the festive season. They has also made deals with Samsung to seller their Smartphone product, the Galaxy K Zoom phone, back in June and also made similar agreements with Karbonn as well.



Flipkart, on the other hand has also made pretty exclusive deals that gave them the rights of being the sole Sellers of the product such as Xiaomi phones that got Flipkart sale of million units instantly.



Read More: Seven Companies That Will Gain From RBI Rate Cut and Which Executives Made The Most Egregious Errors In 2014?



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Reader's comments(1)
1: BSE and NSE listed Intrasoft technologies is another e-commerce company with low base($13-million market cap) and unknown look interesting but making some losses like flipkart and snapdeal in online shopping division. It is good only for long term and patience investor.Venture Capitalist Intel Capital is investor of Snapdeal . They have also invested (around 12% holding) in Intrasoft technologies and sees good future of their fast growing online retail shopping 123stores dot com in USA . As per expansion plan it is likely to launch first in Canada then in India. 123Stores reported record sales over the long holiday weekend from Thanksgiving Day through Cyber Monday of over $2 million, a 243% percent increase over last year . If It maintains this growth then We believe very soon like Intel some of the other Venture Capitalist investors of FlipKart and Snapdeal like Yuri Milner’s DST Global , Tiger Global, Naspers , Iconiq Capital , Accel Partners, Morgan Stanley Investment Management ,Singapore sovereign-wealth , Nexus Venture Partners , Indo-US Venture Partners ,Bessemer Venture Partners , Kalaari Capita and Qatar Investment Authority will have eye on Intrasoft technologies.
Posted by:Vikas - 30 Dec, 2014
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