Bangalore: There’s a huge buzz about Indian e-commerce space. Snapdeal bagged 280 crore funding in a round led by eBay, and then it was part of $16 million funding from Intel Capital. Amazon, the largest online retailer in the world has opened up in India too as Amazon.in.

Indian e-retailing market is still in its nascent stage. According to 2012 Crisil report, Indian online retail industry will grow from Rs 32 billion in 2012 to projected revenue of Rs 100 billion in 2015, a CAGR of 45-48 percent. Internet users and 3G penetration is expected to grow at an estimated compounded rate of over 60 percent through 2015 which will result in over 180 million users in India with access to online retail.

The stats for online market place in India are very alluring that it is already crowded by many sites. Flipkart, eBay, Snapdeal, Myntra, Yebhi, Jabong, Babyoye, OLX, Quikr, the recent Amazon and many more are competition with each other for their share of pie.

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