Home / Knowledge / News / Apparel/Garments / Flipkart to remain top e-com player till 2019: Report
Flipkart to remain top e-com player till 2019: Report
19
Sep '16
Indian e-commerce marketplace Flipkart will continue to hold the number 1 position in the sector till 2019, while the US-based e-retail site Amazon will be the second biggest player, says a recent report. India is also likely to become the second largest market for Amazon after the US, and could generate one-fifth of its total international sales by 2025.

While Flipkart will continue to be the market leader, Amazon will gain the share that is currently enjoyed by Snapdeal and other retailers in India. According to the new Bank of America Merrill Lynch report, the US-based retailer’s gross merchandise value (GMV) is likely to grow from 21 per cent in 2015 to 37 per cent in 2019. Flipkart’s market share will be 44 per cent, while Snapdeal’s share is likely to drop to 9 per cent in 2019 from 14 per cent in 2015.

Amazon is expected to generate $81 billion in GMV, while its operating profit could touch the $2.2 billion mark by the year 2025. The marketplace is likely to generate $5.5 billion in GMV in 2016, says the report. The company is currently losing $1 billion annually in the country.

The US-based retailer’s founder, chairman and CEO, Jeff Bezos, had already made an investment of $2 billion in its Indian unit and decided to invest an additional $3 billion, bringing the total amount to $5 billion. The Amazon Seller Services has received Rs 8,618 crore since 2015 and more than Rs 9,600 crore ever since it was set up. Amazon has also filed to increase its authorised capital from Rs 8,500 to Rs 16,000 crore, according to media reports.

As far as the current gross sales of Amazon India are concerned, they have been higher than that of Flipkart’s standalone sales for the last couple of months. (KD)

Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 25th May 2017

Huntsman and Clariant to have merger of equals

Huntsman Corporation and Clariant have announced that their boards of ...

Apparel/Garments | On 25th May 2017

AAFA reinforces opposition to Border Adjustment Tax

The American Apparel & Footwear Association (AAFA) has reinforced its ...

Courtesy: CBRE

Apparel/Garments | On 25th May 2017

European cities preferred for retailer expansion: CBRE

European cities were the preferred new destination for international...

Interviews View All

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search