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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 ...
Microsoft announced that it is going to join ONDC to introduce social commerce in India and will also launch a shopping app for buyers to help them in price discovery. [94] From August 2022 to January 2024, PhonePe will invest $15 million for developing ecommerce platform on the network. [95] Amazon is exploring how to integrate with the ...
Binny Bansal (born 1982/1983) is an Indian billionaire [2] [3] Internet entrepreneur. [3] As of February 2024, his net worth was estimated at US$1.4 billion. [1] In 2007 he co-founded the e-commerce platform Flipkart.
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.
Reports stated that Tata Digital received as much as US$2 billion in funding from the Tata Group for the Tata Neu app and additional investments. By May end, the app had nearly 11 million downloads but suffered constant glitches and had slow response time leading to a reduction in customer usage.
From 2023, Q-commerce orders in India increased, and they made up about 40% to 50% of the country's e-grocery expenditures in 2024. [13] With delivery times of less than ten minutes, Q-commerce purchases in India now include the selling of high-end goods like the most recent iPhone 16 and iPhone 16 Plus. Approximately 55% of festive orders ...
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It also has one of the world's fastest growing e-commerce markets. [315] The e-commerce retail market in India was valued at $32.7 billion in 2018, and is expected to reach $71.9 billion by 2022. [316] India's retail industry mostly consists of local mom-and-pop stores, owner-staffed shops and street vendors.