• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Saturday, July 19, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home News

Amazon Overtakes Snapdeal To Become India’s 2nd Largest Online Marketplace Player

by Nitin Konde
April 28, 2016
in News
Reading Time: 2 mins read
0
Amazon Overtakes Snapdeal To Become India’s 2nd Largest Online Marketplace Player
TwitterWhatsappLinkedin

amazon india 13

You might also like

Viceroy Report Raises Concerns Over Vedanta Semiconductor Unit’s Dealings

India Emerges as Global iPhone Hub: Apple Exports Hit $5 Bn in Just One Quarter

ED Summons Google and Meta Over Alleged Promotion of Online Betting Apps

28 April, 2016, Bangalore: According to the report published in ET, Amazon’s Indian unit has outrun its counterpart Snapdeal in shipments to gain the 2nd position in online marketplace segment. Still the top position has been occupied by Flipkart, though its shipments fell to 37 per cent in March from 43 per cent in 2015. But the biggest decline in shipments was witnessed by Snapdeal whose shipments plunge from 19 per cent to 14 per cent.

However, Amazon India has managed maintain a healthy and positive ecosystem since its shipments gushed to 21-24 per cent from 14 per cent. They said the data were evidence of the larger unit market share trend in India’s ecommerce industry, although at least one recent estimate pegs Flipkart and Snapdeal ahead of Amazon India by sales, reports ET

“Amazon is very rapidly taking market share from companies like Snapdeal and other smaller players. If there is no new entry, it will be a two-horse race (between Flipkart and Amazon) by the end of the year. If Flipkart is not able to get its act together in the next 6-12 months, Amazon can overtake Flipkart also,” said Satish Meena, Senior Analyst, Forrester Research.

As per the report by Morgan Stanley, India’s online retail market will witness a great surge in the coming years and it is expected to hit the target of US $119 billion by 2020 from US $16 billion in 2015. Flipkart said in June 2015 that it was aiming to sell goods worth up to US $12 billion in a year; Snapdeal had claimed it would do better than Flipkart; and Amazon has not disclosed a sales target.

Also Read-

Facebook Generates $5.38 Revenue In First Quarter

Panic Button Mandatory for All Phones in India

Tags: amazonAmazon IndiaETflipkartForrester ResearchMorgan StanleyOnline MarketplaceSatish MeenaShipmentsSnapdeal
Tweet54SendShare15
Previous Post

Facebook Generates $5.38 Revenue In First Quarter; 79% From Mobile Advertising

Next Post

Global Fashion Group Parent Of Jabong Rakes $339M Funding; Valuation Drops Drastically

Nitin Konde

Recommended For You

Viceroy Report Raises Concerns Over Vedanta Semiconductor Unit’s Dealings

by Rounak Majumdar
July 19, 2025
0
Viceroy Report Raises Concerns Over Vedanta Semiconductor Unit’s Dealings

A new report by US-based short seller Viceroy Research has brought the spotlight back onto Vedanta Limited’s semiconductor ambitions, raising serious questions about the business practices of its...

Read more

India Emerges as Global iPhone Hub: Apple Exports Hit $5 Bn in Just One Quarter

by Ishaan Negi
July 19, 2025
0
Apple to pay up to $500 million to iPhone users after judge nixes final appeal

India's ambition to become a global electronics powerhouse just got a significant boost. Apple has exported over $5 billion worth of iPhones from India during the April–June quarter...

Read more

ED Summons Google and Meta Over Alleged Promotion of Online Betting Apps

by Rounak Majumdar
July 19, 2025
0
ED Summons Google and Meta Over Alleged Promotion of Online Betting Apps

The Enforcement Directorate (ED) has escalated its action against illegal online betting platforms by issuing summons to top technology giants Google and Meta. This move forms a crucial...

Read more
Next Post
Global Fashion Group Parent Of Jabong Rakes $339M Funding; Valuation Drops Drastically

Global Fashion Group Parent Of Jabong Rakes $339M Funding; Valuation Drops Drastically

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple Artificial Intelligence bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?