Top Online Retail (E-Commerce) brands in India
What is E-Commerce?E-Commerce, i.e. electronic commerce, means transactions (sales and purchases) of goods or services over the Internet without an intermediary service. The Internet has created a new economic system, i.e. "Internet Marketplace", and it has become the virtual main market of the world. Providing a quick and convenient way of exchanging goods and services regionally as well as globally, online shopping is gaining a lot of popularity.
Online shopping has left behind the traditional brick and mortar establishments and mom-and-pop stores. Let's face it; it's just easier to shop online if you have a computer, an Internet connection and a desire to avoid crowds. You can sit there with a mug of coffee and shop for your family.
List of Top 10 Online Retailers in India
Amazon.inThe world's biggest e-commerce company is Amazon from the United States of America. Its Indian subsidiary Amazon.in is also a leading online shopping website in the country. It was started in 1994 in Washington as a book seller, which later spread its business to segments like Blu-rays, CDs, DVDs, MP3-MP4 downloading/streaming, electronics, video games, software, food, furniture, apparels, jewellery, toys and so on. Amazon.in is India's biggest online shopping portal with a net worth of US$ 3,24,25,00,000.
Alibaba.comAlibaba.com is a Chinese online retail shopping site, which is one of the world's biggest e-commerce outlets. It was founded in 1999 by its present Chairman Jack Ma. It was started as a business-to-business web portal as a connecting means between foreign investors and Chinese manufacturers. Today, it has its businesses running on the consumer-to-business, consumer-to-consumer and business-to-business bases. This particular online portal offers almost every sellable product to its customers. In June 2015, the net worth of Alibaba.com was valued at around US$ 2,89,75,00,000.
Junglee.comThis online shopping retail giant was born recently in 2012 and has grown to be one of the top retailers so far as e-commerce is concerned. It belongs to Amazon of America, which acquired it in 1998 and launched it in India as an online shopping portal in 2012. The retailer offers a wide range of products including electronics, apparels, jewellery, toys, appliances and many more through millions of sellers. This is where the buyers meet sellers and vice-verse. In June 2015, the net worth of Junglee.com was estimated to be around US$ 1,49,50,00,000.
Flipkart.comFlipkart is an Indian online retail shopping web portal founded by Binny and Sachin Bansal in 2007. It is based in Bengaluru but registered in Singapore. The site was started as Flipkart Online Services Private Limited. The book 'Leaving Microsoft to Change the World' was the first ever item sold by Flipkart. Today under the name 'DigiFlip', Flipkart sells a whole range of products developed on its own including laptop bags, USBs and tablets. Flipkart has grown up to be one of the largest online shopping outlets in a very short span of time. The net worth of Flipkart was valued to be as much as US$ 74,96,58,861 in June 2015.
Snapdeal.comSnapdeal.com is one of the major players in the Indian retail e-commerce industry. It was founded in 2010 by two brothers Kunal Bahl and Rohit Bahl and is based in New Delhi. It started off as a dealing platform for buyers and sellers but became an online major marketplace off late. It is amongst the fastest growing online retail companies in the country. In June 2015, the net worth of Snapdeal.com amounted to US$ 43,41,65,075.
Ebay.inA U.S.-based multinational online marketing company, ebay.in was founded in 1995 and has its businesses spread over 30 countries today. It is one of the major online platforms where people and business units buy and sell products and services. Items from across all categories including apparels; electronics such as cell phones, cameras, computers, etc.; jewellery; home appliances; and automobile products can be sold and bought at ebay.in. It is giving online majors like Amazon, Alibaba and Flipkart tough competition. The net worth of ebay.in was around US$ 35,80,00,000 in June 2015.
Jabong.comAn Indian lifestyle and fashion online major, Jabong.com was founded in 2012 and is headquartered in Gurgaon, Haryana. It provides a variety of lifestyle and branded fashion products and items to its customers, which includes shoes, clothes, watches, cell phones, home decoration products and so on. Today, it is one of the top e-commerce companies in India with a net worth estimated to be US$ 24,58,23,695 in June 2015.
Shopclues.comShopclues.com is the Indian subsidiary of Clues Network Inc., an American company. The Indian unit was started in 2011 and is based in Gurgaon, Haryana. It is amongst the top e-commerce companies in India. It was founded by Sandeep Aggarwal, a Washington University alumnus, and Sanjay Sethi, ex-Global Product Head of eBay. Shopclues has been able to create its own space and reached great heights in the Indian online shopping industry in a very short span of time. The net worth of Shopclues.com in June 2015 was US$ 9,09,68,286.
Myntra.comBased in Bengaluru, the state capital of Karnataka, Myntra is an Indian online fashion and lifestyle web portal. Indian Institute of Technology (IIT) alumnus Mukesh Bansal, Vineet Saxena and Ahsutosh Lawania founded Mytnra in 2007. It started off as a personalised gift items oriented marketplace but later turned its focus to online trading in the Indian retail sector, selling branded products. Today, Myntra is one of the top most preferred online shopping destinations for Indian consumers, especially for youth. In June 2015, the net worth of Myntra.com amounted to US$ 6,06,44,504.
Some of the other popular e-commerce companies in India are mentioned below:
Homeshop18.comNet worth in June 2015 - US$ 2,80,55,000
Infibeam.comNet worth in June 2015 - US$ 2,64,40,000
Pepperfry.comNet worth in June 2015 - US$ 2,49,24,688
Yepme.comNet worth in June 2015 - US$ 1,64,28,579
Olx.comNet worth in June 2015 - US$ 87,70,000
Naaptol.comNet worth in June 2015 - US$ 67,04,615
Koovs.comNet worth in June 2015- US$ 45,99,103
Yebhi.comNet worth in June 2015 - US$ 11,41,600
Last Updated on July 3, 2015