Consumer and Retail
How Flipkart has fared against Amazon India
15 Aug 2017
As Flipkart settles down from the exuberance of its biggest capital-raise, it would have to hastily explore ways to regain momentum against its closest rival, Amazon India, reports Mugdha Variyar.
Amazon significantly outpaced Flipkart’s growth rate in the financial year 2017, although the domestic online marketplace remains India’s largest, according to a report by consulting firm Praxis Global Alliance.
Flipkart’s market share, including that of its fashion unit Myntra, slipped to 38.5% in 2016-17 from 40% in 2014-15 in terms of gross sales or gross merchandise value (GMV), while Amazon India surged to 29% market share from 12%.
Overall, India’s e-commerce industry grew at a slower pace in 2016-17 as online marketplaces and retailers offered fewer discounts and instead began focusing on faster ways to profitability.
This article was originally published on ET Rise. Read more. This article was originally published on The Times of India. Read more.
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