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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] In January 2022, IndiaMART acquired 100% stake in accounting software company Busy Infotech for ₹ 500 crore. [18] In 2024, it acquired a 10% stake in ...
In July 2016, Myntra acquired their rival Jabong.com to become India's largest fashion platform. [30] In October 2017, Myntra partnered with the Ministry of Textiles to promote the handloom industry. [31] [32] In April 2017, the company acquired InLogg, a city-based technology platform for the e-commerce sector. [33]
India has an Internet user base of about 690.0 million as of November 2023, about 40% of the population. [1] Despite being the second-largest user base in world, only behind China (1.079 billion, 48% of population), the penetration of e-commerce is low compared to markets like the United States (266 million, 84%), or France (54M, 81%), but is growing, adding around 6 million new entrants every ...
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.
Infibeam Avenues was established in 2007 by Vishal Mehta. [8] The company was listed on the BSE and the NSE in 2016.. It provides its marketplace software platform, BAB, to two of India's four largest eCommerce organisations – GeM and JioMart.
Initially, Moglix focused on B2B e-commerce before expanding into enterprise procurement and SaaS verticals. In December 2016, Moglix launched Green GST, a SaaS-based platform for manufacturing sector GST processes, [8] and became part of the SAP Startup Studio, an accelerator program by SAP Labs India. [9]
Flipkart Private Limited is an Indian e-commerce company, headquartered in Bangalore, and incorporated in Singapore as a private limited company.The company initially focused on online book sales before expanding into other product categories such as consumer electronics, fashion, home essentials, groceries, and lifestyle products.
Snapdeal is an Indian e-commerce company, based in New Delhi, India. It was founded in February 2010 by Kunal Bahl and Rohit Bansal. [3] Snapdeal is one of the top 5 online marketplaces in India. [4] Snapdeal targets the value e-commerce segment, which Bahl estimated to be three times larger than the branded goods market. [5]
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