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In July 2019, IndiaMART went public via an IPO of ₹474 crore. [14] [15] IndiaMART became the first online B2B marketplace to go public in India. [16] As of 2019, IndiaMART was the largest Indian B2B marketplace for businesses with about 60% market share, according to KPMG. [16] In 2019, IndiaMART led the Series A funding round in Vyapar. [17]
As orders soar, retail sales expand beyond food to include fashion, beauty, and electronics. [149] ONDC has welcomed the Good Glamm Group, a conglomerate that specializes in content creation, commerce, and community, as a direct seller on 12 December 2023. The company hopes to reach 100% more customers and enhance its revenue potential by 50%.
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 ...
The initiative saw the sale of non-core businesses, Freecharge and Vulcan Express, to dedicate more resources to Snapdeal's e-commerce marketplace, which is its core business. [14] [15] The strategy yielded strong results. From 2017 to 2021, Snapdeal's revenue grew by 74% [16] at its peak, while losses were cut by nearly 95%. [17]
An online shop evokes the physical analogy of buying products or services at a regular "brick-and-mortar" retailer or shopping center; the process is called business-to-consumer (B2C) online shopping. When an online store is set up to enable businesses to buy from another businesses, the process is called business-to-business (B2B) online ...
"My whole family, including my mother and wife, would help with the mailers.”IndiaMART's first tagline was: 'The global gateway to Indian marketplace'. [ 11 ] In 2007–2008 when recession hit the US, Agarwal and his cousin Brijesh decided to pivot the focus from export oriented business to India-focused B2B market and raised $10 million from ...
Netflix only began offering online video streaming in 2007. [20] [21] 1998 Acquisition N/A CompuServe is acquired by AOL. [5] 1998 Major launch E-commerce payment system PayPal, a very prominent online payment system, launches. [22] 1999 Major launch Online marketplace Zappos, a popular online marketplace for shoes and other apparel, launches ...
Flipkart introduced Shopsy in July 2021 [3] [4] as a mobile app that allowed people in India to launch their own online reseller business. [5] [6] [7] By August 2021, the app had adopted a zero-commission marketplace model. [8] [9] Later, Shopsy shifted its focus to become a B2C company. [10]