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Shopsy is a zero-commission marketplace model for sellers in India. It is a digital commerce initiative by Flipkart, the Bengaluru -headquartered and Walmart-owned e-commerce company with over US$7.7 billion in annual revenue (FY 2022).
At that time, India had only 15,000 internet users. [7] Due to Indian rupee's appreciation between 2005 and 2007 and the impact of the 2008–09 US recession, the company decided to pivot the focus from export-oriented business to India-focused B2B market and raised funding from The Times Group and Intel Capital. [8] [9] [10]
Shopify is the name of its proprietary e-commerce platform for online stores and retail POS (point-of-sale) systems. The platform offers retailers a suite of services, including payments, marketing, shipping and customer engagement tools. [3] As of 2024, Shopify hosts 5.6 million active stores across more than 175 countries. [4]
Looking at total spending from its e-commerce merchants, Shopify is estimated to have more than 10% market share of e-commerce sales in the United States, while Amazon's is around 40%.
Shopify's 26% year-over-year Q3 revenue increase was faster than Amazon's 11% growth. That said, Amazon is a much larger business, diversified across retail, cloud computing , consumer technology ...
Website Domain name Ranking Type Company / Nonprofit organization Country Similarweb (November 2024) Semrush (November 2024) Google Search: google.com: 1 () 1 () Search Engine Google United States YouTube: youtube.com: 2 () 2 () Video-sharing platform Google United States Facebook: facebook.com: 3 () 3 () Social Media Networks Meta United ...
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