India has become one of the largest eCommerce markets across the globe. The list of top Ecommerce companies in India is discussed over here.
Flipkart is the largest shopping website in India and occupies the top position among e-commerce websites in India. This company was founded in the year 2007 by Sachin and Binny Bansal, both IIT alumni. As per the latest figures, based on its advertising revenue, the estimated net worth of the website is around $4.8 million. The valuation of Flipkart is $1 billion.
Their major acquisitions include We Read (a social book discovery tool) in the year 2010, Mime 360 (a digital content platform company) in 2011 and letsbuy.com (2nd largest retailer in electronics) in 2012. Since the website also offers various add-on services including free delivery, 30 day replacement policy, cash on delivery and more which makes it an extremely popular website among people.
eBay India is a very popular shopping portal/online marketplace in India and it is the country’s biggest online trading community where people can buy or sell anything online. It offers auctions, and as we all know, eBay is one of the largest shopping portals in the world. eBay offers auctions and classified modes of person to person trading while offering diverse products and different forms of seller and buyer for product transaction. As per the latest reports, based on its advertising revenue, this website’s net worth is around $4.4 million.
Snapdeal was founded by Kunal Bahl and Rohit Bansal. It started off as a everyday deal platform and later expanded itself into product retailing across different categories. This rapidly expanding ecommerce website has a subscriber strength of about 15 million and more than 50,000 merchants. The customers get great deals and discounts across various categories including electronics, mobile phones, sunglasses and more, which makes it so popular, while merchants get a platform to acquire new customers. It is estimated that this website’s net worth based on its advertising revue is around $4.2 million.
It is a leading online fashion store in India where online customers can find trendy clothes across all age groups. There are a huge variety of brands and customers can take advantage of if the heavy discounts offered to them. It aims to be a billion dollar biz in 4-5 years, as per its CEO, Mukesh Bansal. Myntra has more than 21,000 different product lines across more than 300 brands and has an average transaction size of Rs 1,250. It is estimated that this website’s net worth based on its advertising revenue is around $1.1 million. This website is also growing at almost the same speed as that of Flipkart.
Infibeam is one of the Top 5 eCommerce websites in India which was initially stated only as a online bookstore but now it sells all products with its presence across the entire country. It is estimated that this website’s net worth based on its advertising revue is around $810,565.Vishal Mehta is the company’s CEO and is a graduate of Massachusetts Institute of Technology. On this website, customers can search and buy online mobiles, books, movies, electronics and more.
Their magic box offers great deals on a daily basis and is headquarters are located in Ahmedabad with its offices in New Delhi, Mumbai and Bangalore with more than 300 employees. The company has a tremendous growing rate of product sales. One of the latest additions by the company was BuildaBazaar.com, which is Infibeam’s do-it-yourself e-commerce platform where shoppers can creatively make their own shopping store under their own URL in a very short time.