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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 ...
By August 2011, Delhivery had switched completely to offering logistics services to a number of e-commerce companies. [11] In March 2019, Delhivery raised its biggest round of funding with a $413 million investment from SoftBank. [12]
Indian e-commerce industry net income in 2017: ₹2.46 trillion. Indian e-commerce industry net income estimated in 2018: ₹3.02 trillion. Indian e-commerce industry net income in 2019 proved the improvement of the socio-economy that it has attracted ₹2.58 trillion in only 6 early months of the year.
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). [21] [22]
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