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In November 2020, at least 13 of the top 100 social apps in the Google Play Store in India were TikTok clones, with most of them newly launched, Rest of World reported. Many of these apps offered ...
The e-commerce in India was $147.3 billion in 2024, with 18.7% CAGR through to 2028 which will be further fueled by the technology innovations (5G & 6G based higher internet speed, AI and ML based hyper-personalized shopping experience, immersive AR and VR virtual try-ons and virtual stores, blockchain based enhanced supply chain transparency and increased trust among consumers), cheaper data ...
E-commerce markets are growing at noticeable rates. The online market is expected to grow by 56% in 2015–2020. In 2017, retail e-commerce sales worldwide amounted to 2.3 trillion US dollars and e-retail revenues are projected to grow to 4.891 trillion US dollars in 2021. [52] Traditional markets are only expected 2% growth during the same time.
A pilot was initially launched in select areas of Navi Mumbai, Thane and Kalyan in April 2020. [9] [10] In May 2020, JioMart was fully launched in 200 cities and towns across India. [11] [12] [13] Within only a few days of its launch, the JioMart app surpassed one million downloads. [14] In October 2020, JioMart signed an agreement with ...
12. Rakuten . Market cap: $18.2 billion. Revenue Growth in 2020: 15.2%. Rakuten is one of the fastest-growing e-commerce companies in 2020 with a revenue of 1,455,538 million yen. The Japanese ...
Open Network for Digital Commerce (ONDC) is a public technology initiative launched by the Department for Promotion of Industry and Internal Trade (DPIIT), Government of India to foster decentralized open e-commerce model and is led by a private non-profit Section 8 company.
Jabong.com was an Indian fashion and lifestyle e-commerce portal founded by Praveen Sinha, Lakshmi Potluri, Arun Chandra Mohan and Manu Kumar Jain. In July, 2016 Flipkart acquired Jabong through its unit Myntra for about $70 million. In February 2020, Flipkart formally shut down Jabong to shift focus completely on its premium clothing platform ...
The economic impact of the COVID-19 pandemic in India has been largely disruptive. India's growth in the fourth quarter of the fiscal year 2020 went down to 3.1% according to the Ministry of Statistics. The Chief Economic Adviser to the Government of India said that this drop is mainly due to the coronavirus pandemic effect on the Indian economy.