The Indian E-commerce industries have witnessed an upward trend since its inception around 2007. From about $3.9 billion in 2009 to nearly $700 billion in 2018, Indian E-commerce market is expected to surpass the USA as the second largest market by 2034. This unprecedented growth has led to some miracle companies growing up. Today, the giants of Indian industry come from these E-commerce firms.
Presently, everybody prefers to shop online due to lack of time and reasonable pricing. For a company to be counted among the top 10 E-commerce companies in India, it should have high sales and excellent customer service. These are the two factors which matter the most.
We have created a list of top 10 e-commerce companies in India containing well-known firms like Flipkart, Amazon to travel solution providers like Yatra and MakeMyTrip.
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Among the first e-commerce companies in India, Flipkart was founded by Sachin Bansal and Binny Bansal in 2007. Although registered in Singapore, Flipkart has its base in Bengaluru. It has acquired many smaller e-commerce companies since its inception like Myntra and is one of the most trusted sellers in India.
Flipkart managed to gather revenue in the range of $3billion (₹19834 crore) in 2017. The company also sells a native self-developed range of products under the name of Digi-Flip including laptops, tablets and laptop bags. The company is truly a leader in online selling marketplace and has millions of satisfied customers.
Amazon.com Inc, often referred simpaaly as Amazon is a behemoth worldwide in the E-commerce sector. It has its presence in almost all the countries and is among the largest companies in the world. An American E-commerce and cloud computing company with its headquarters in Seattle, Washington, Amazon entered the Indian market in 2012 and had since been giving extremely tough competition to other firms.
Second, only to Flipkart, Amazon has no dearth of funding and has left all other e-commerce companies in India far behind. With its amazing customer service, Amazon has recorded highest growth in Indian E-commerce industry.
Amazon provides features such as content search (searching for exact text in a book), reviews and affiliate marketing programs. It is one of the most innovative companies in the world and has a plethora of in-house products.
Founded by IITD alumnus Kunal Bahl and Rohit Bansal in 2010, Snapdeal has a base of its operations in New Delhi, India. Snapdeal has also acquired many firms since its inception like freecharge. It is one of the largest E-commerce companies in India with millions of customers.
Snapdeal operated by the name Jasper Infotech Pvt Ltd and was once a website offering daily deals.Although Snapdeal has reported losses amounting to Rs.3396 crore in 2017, it still remains on the third position in our list.
A subsidiary of One97 Communications Ltd Paytm is an Indian e-payment and e-commerce company making waves all over the country. Paytm is an acronym for Payment through mobile. Headquartered in Noida, UP, Paytm was founded in 2010 by Vijay Shekhar Sharma.
The firm started by offering online recharge and has since added bill payments and online shopping to its portfolio. A separate platform named Paytm Mall was also launched in 2017 for daily shopping needs of consumers.
Ebay, like Amazon, is an America based e-commerce company operating in India. eBay has a base of its operations in San Jose, California. Founded in 1995, eBay is world’s ninth largest internet company in terms of revenue. The founder is Pierre Omidyar.
eBay is involved in B2B and B2C business model. After assuming operations in India in 2004, eBay India has since been acquired by rival e-commerce company Flipkart.
Shopclues was founded in 2011 in Silicon Valley by Sandeep Agarwal, Sanjay Sethi, and Radhika Agarwal. It is presently headquartered in Gurgaon and works under the name of Clues Network Pvt Ltd.
It is one of India’s leading E-commerce company mainly dealing in Fashion apparels and accessories. Shopclues raised $100 million in 2016 which has been its largest funding to date. Valued at $1.1 billion, Shopclues has Tiger Global, Helion Ventures and Nexus Venture Partners as its major investors.
Make my trip
Make My Trip is the largest travel company and is known for its extremely strong online presence. Founded in 2000 by Deep Kalra, MakeMyTrip first started its operation in America and expanded into India in 2005.
The company provides travel packages including flight and train tickets, hotel bookings and complete travel packages. The company has an international presence in Sydney and New York City. It provides tour and travel packages at various locations around the world.
Yatra.com was founded in 2006 by Dhruv Shringi, Manish Amin, and Sabina Chopra. It is also a travel search engine providing facilities such as Hotel bookings, train and flight tickets, and complete travel packages.
It’s a leading online travel agency. Yatra.com also runs holiday-cum-shopping cards for its members. Currently, Yatra.com has its headquarters in Gurgaon, Haryana. It is the second largest online traveling agency in India. Yatra.com also offers customized city walks and specialized private tours.
BookMyShow is a leading online entertainment portal used for booking tickets to movies, concerts, plays, matches and various other functions. This online portal was founded in 2007 by Ashish Hemrajani, Parikshit Dhar, and Rajesh Balpande. It was born as BIGTREE Entertainment, and later the name was changed.
BookMyShow also offers information about various upcoming movies, concerts, and plays along with show timings, venue, and ticket pricing. BookmyShow also has many acquisitions under its name and the highest funding till date was $5.5 billion by US-based private equity firm stripes group.
It is an Indian real estate database website founded in 2005. Its founder is Sanjeev Bhikchandani, and the company is headquartered in Noida, Uttar Pradesh. The company is presently owned by Info Edge which also holds the employment firm Naukri.com .
The website offers various features related to property such as listing from property owners, dealers, and builders. The company has also launched its mobile app which has many users.
The list provided above was a comprehensive one for the top 10 E-commerce companies in India 2018 and should do good for any investor or enthusiast alike.