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Owing to the sheer volumes that are traded here every day, a visit to the market can be termed sensory overload. In addition to being a market for traders, Sadar Bazaar is a assembly constituency. Sadar Bazar is the largest wholesale market in Asia & India. [citation needed] Business worth of ₹300crore is done on daily basis in the market.
The market went up to $12.6 billion in 2013. In 2013, the e-retail segment was worth US$2.3 billion. About 79% of India's e-commerce market was travel related in 2013. [13] According to Google India, there were 35 million online shoppers in India in 2014 Q1 and was expected to cross 100 million mark by end of year 2016. [14]
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Walmart, since its arrival in India's wholesale retail market, already sources and exports about $1 billion worth of Indian goods for its global customers. Not only do these losses reduce food security in India, the study claims that poor farmers and others lose income because of the waste and inefficient retail.
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]
An exclusive foodgrains market, the first such facility in the state, is under construction at the market complex at a cost of ₹ 690.7 million. It is being constructed in an area of 14.41 acres next to the existing wholesale vegetable market, with provision of godowns, parking space for trucks, public toilets, cement concrete roads, solar street lights, fire-fighting system, and water supply.
Online marketplace operators have a unique ability to obtain and use in their economic decision making personal data and transaction data, but also social data and location data. Therefore academics have described online marketplaces as new economic actor , or even as a new type of market economy .
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