dollars, adding to a second investment in the same year of 45 million U.S. Ventures Partners in 2011 of 12 million U.S. ![]() The initial investment for the company's establishment was done by Nexus Ventures Partner and Indo U.S. It was established in 2010 by two friends, Kunal Bahi post graduated from the Wharton School and Rohit Bansal post graduated from Indian Institute of Technology, Delhi.ĭuring the initial time of the business, Snapdeal was working as a daily need online platform, but in 2011, they changed their business strategy to an Online Shopping site. Snapdeal is one of the most trusted India-based E-Commerce sites. Making customers aware of such varieties of products, demands a very effective marketing strategy and for this, Myntra has worked very effectively and efficiently. More than 500 Indian and international brands, starting from Nike, Adidas, Promote Mango, Nykaa, etc. Accel Partners and Tiger Global played a large part in this deal. The more likely Myntra is acknowledged as e-commerce site which deals in fashion products and personalized gift items from the initial stage.ĭuring the Foundation time, the initial funding for Myntra was done by the Erasmic venture fund (currently known as Accel partners).īut in 2014, all the stocks of Myntra were acquired by Flipkart at the deal value of Rupees 2000 crore. Myntra was established in 2007, having Mukesh Bansal as the Founder alongside Ashutosh Lawania and Vineet Saxena as co-founder of the company. Flipkart is one of the biggest names in e-commerce sites. Still, with time Flipkart enlarged its range of products by including Electronic Appliances, Cosmetics, groceries, Fashion, Daily lifestyle, and much more range of products.ĬEO (Chief Executive Officer)- Kalyan Krishnamurthyįlipkart has a net worth of Rupees 2.84 lakh crores with a revenue of Rupees 43,615 crores in 2020 in India. Like Amazon, during its initial time, Flipkart was developed for selling books online. The company was established 14 years ago in 2007. Flipkartįlipkart is the first India-based E-Commerce platform founded by two Indian entrepreneurs, brother Sachin Bansal and Binny Bansal. And currently, Amazon receives more than 1,50,000 orders per day which makes it the highest-earning e-commerce site in India and all over the world. On the first day of business in India, Amazon received more than 10000 orders. From the beginning time of its business, Amazon provided a wide range of products and services. The company established its first headquarters in Banglore, Karnataka. In 2013 Amazon started its functioning in India as 'Amazon India' by launching its websites as Amazon.in. In the Initial time of the company, they focused on online bookselling. The headquarters of Amazon is in Seattle, Washington, in the U.S. Amazon was established in the year 1994 by Jeff Bezos and Co-founder Mackenzie Scott. AmazonĪmazon is the biggest and the oldest online shopping site all around the world. ![]() Money-saving - Due to direct purchasing.Large Range of varieties in every product.For covering this vast market, many online shopping sites are working to make E-purchasing more convenient and satisfying to their customers. With having more than 600 million internet users all over India, the country ranks second in the world, it is one of the key reasons for the increasing demand in the online market of India. The Booming Market of Online Shopping in India Online shopping makes buying more comparable, less time-consuming, and the buyers become more shopaholics.ĭue to this increasing demand for products in the online market, many organizations are introducing themselves as online shopping markets by launching their shopping sites or Apps. Next → ← prev Top 10 Online Shopping Sites in Indiaīuying products online has been one of the most common advantages since the Internet was introduced to us.
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