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According to Google India Research in 2016, by 2021 India is expected to generate $100 billion online retail revenue out of which $35 billion will be through fashion e-commerce. [15] The ecommerce industry was reported at $24 billion in 2017 and was recognised as the fastest growing industry in India. [16]
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In 2022, Meesho had about 120 million monthly users and about 910 million orders were made through the platform. It soon became one of India's fastest growing e-commerce platforms. Its gross merchandise value (GMV) increased ninefold in two years and was at about $5 billion in 2022 (for comparison, Flipkart's GMV stood at $23 billion).
t. e. Online shopping is a form of electronic commerce which allows consumers to directly buy goods or services from a seller over the Internet using a web browser or a mobile app. Consumers find a product of interest by visiting the website of the retailer directly or by searching among alternative vendors using a shopping search engine, which ...
Online shopping: Revenue ₹ 510 crore (US$64 million) (FY 2021) URL: www.snapdeal.com: Commercial: Yes: Registration: Required: Current status: Active: Native client(s) on: iOS, Android, Windows
Flipkart was founded in October 2007 in Bangalore [11] by Sachin Bansal and Binny Bansal, alumni of the IIT, Delhi and former Amazon employees. [12] [13] [14] The company was started from a two-bedroom apartment in Kormangala, Bengaluru. The initial investment was provided by their families, which was INR 2 Lakh from each family.