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

Pic: Shutterstock

Textiles | On 23rd Nov 2020

Japan aims to expand CPTPP trade pact

Japanese Prime Minister Yoshihide Suga recently said his country...

Pic: Shutterstock

Textiles | On 23rd Nov 2020

Bangladesh gets $256.5 mn from Green Climate Fund

Bangladesh recently received $256.5 million from the UN Green Climate ...

Pic: Mulberry

Apparel/Garments | On 23rd Nov 2020

Frasers raises Mulberry stake to 37%, considers offer

The Frasers Group, formerly called Sports Direct, recently announced...

Interviews View All

Textile industry, Head honchos

Textile industry
Head honchos

Athleisure is the current buzzword in fashion

Top executives, Textile industry, India

Top executives
Textile industry, India

The event should be organised every year

C. Dhandayuthapani, Mag Solvics Pvt. Ltd

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Neeraj Sharma,

Neeraj Sharma

Headquartered in Surat, Gujarat, Orange O supplies digital textile...

Oliver Schmitz,

Oliver Schmitz

Germany-based Gmöhling is a leading manufacturer of aluminium containers...

Ian Burn,

Ian Burn

Camira's expertise goes from farm to fabric and everything in between. The ...

Steve McCullough & Marco Weichert, Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Steve McCullough & Marco Weichert
Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Functional Fabric Fair is a trade-exclusive event showcasing the latest...

Davide Vigano, Sensoria

Davide Vigano
Sensoria

Sensoria is a leading developer of smart garments and IoMe (Internet of...

Shlomzion Chen, Seevix

Shlomzion Chen
Seevix

Seevix Material Sciences Ltd, which develops and manufactures synthetic...

Varsha Wadhwa, VW

Varsha Wadhwa
VW

Coming from a family that ran a business of jute and linen mills since...

Aditi Somani, Aditi Somani

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Aneeth Arora, Péro

Aneeth Arora
Péro

The Woolmark Company has partnered with handmade fashion label Péro and...

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

Leave your Comments


November 2020

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


Advanced Search