E-commerce is expanding at an incredible rate. E-commerce businesses have seen rapid growth in a short time. A sale with service is crucial to meet the criteria for the best e-commerce businesses in India. There are many factors that have contributed to the growth of e-commerce businesses.
Everyone nowadays prefers to shop online because of the convenience and affordability of internet shopping. This is the main driver of the growth of the e-commerce industry.
Top E-Commerce Companies
Here is a list highlighting the top e-commerce companies/websites. E-commerce is expected to grow in India and is India’s fastest-growing industry.
1. Amazon
Founded: In 2007
Founded by: Jeff Bezos
Amazon India is India’s top e-commerce company based on traffic to its website. Amazon India was established in June 2013. Amazon was founded by the company.
It offers clients many books, movies, as well as television shows. Amazon India received more than 11,000 orders in its first day of operations.
Amazon India, Inc., is the largest e-commerce firm in the world. It is a wholly-owned subsidiary. In 1994, Jeff Bezos founded Amazon. Amazon began to look abroad for growth as the United States was nearing saturation in terms of sales and growth.
China’s large market, developed infrastructure and easy internet access made it attractive to Amazon, which opened its operations in China. Amazon was faced with stiff competition from Alibaba and other top e-commerce companies/giants, so it began to look for alternatives. Amazon saw great potential in India and started operations in India in 2013.
2. Flipkart
Founded: In 2007
Founder: Sachin Bansal and Binny Bansal
Flipkart opened its doors for the first time in October 2007. Flipkart India’s One of the top e-commerce companies has more than 81 million products in 85+ categories. Flipkart’s popularity grew quickly as India’s ecommerce revolution gained momentum. It added many new product lines to its stock. The headquarters of Flipkart is in Bengaluru.
Flipkart was founded by Sachin Bansal and Binny Bangsal as an Indian online bookshop and e-commerce company. The company gained popularity and expanded its offerings to include music, movies, cell phones, and other services.
3. IndiaMART
Founded: In 1999
Founded by: Brijesh Agrawal, Dinesh Agarwal
IndiaMART is the largest online B2B marketplace in the world, connecting buyers and sellers. IndiaMART has a 60% market share in India’s online classifieds. It focuses on providing a platform for SMEs, Large Enterprises and individuals. Its mission is to make doing business easier.
It was established in 1999. IndiaMART has 3,155 employees in 84 offices across India. There are approximately 108 million buyers and 6.2 million suppliers. There are 68 million products or services. IndiaMART India’s One of the top e-commerce companies.
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4. Myntra
Founded: In 2007
Founded by: Mukesh Bansal
It is not easy to be India’s most fashionable destination. Myntra is India’s largest fashion e-commerce company/business and Myntra India’s One of the top e-commerce companies. It started as a B2B venture that provided personalized gifts in 2007. However, it quickly evolved into an eCommerce giant in just a few short years.
Myntra had added 352 foreign and Indian companies to its platform by 2012. The number has continued to grow year after year.
Myntra launched its shopping app in 2015 to encourage customers on buying sprees. Myntra has become the most popular online shopping platform thanks to sincere efforts and digital upgrades. Also, a dedicated team of employees who are loyal to their customers makes Myntra a success.
5. Alibaba
Founded: In 1999
Founded by: Jack Ma
India.alibaba.com is owned by Alibaba Group Holding Limited. It is based in China. Alibaba’s website offers B2B, C2C and C2C sales services. Alibaba is the largest and most valued retailer in the world, as of April 2016. Alibaba now operates in more than 200 countries. Alibaba is India’s fastest growing online retailer.
6. Paytm
Founded: In 2010
Founded by: Vijay Shekhar Sharma
Paytm’s headquarters is in Delhi NCR. Vijay Shekhar Sharma (Indian entrepreneur) founded Paytm. The company offers two services: the Paytm payment gateway, and Paytm Wallet. Paytm sells a variety of goods including electronics, fashion, sports goods, stationery and movies.
7. eBay
Founded: In 1995
Founded by: Pierre Omidyar
eBay, a global e-commerce company, is headquartered in California. eBay allows people and businesses to sell and buy various goods and services on a worldwide marketplace. The firm charges sellers money for listing products, and again when the items sell. The company’s most sought-after products include fashion, gadgets and autos.
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8. Snapdeal
Founded: In 2010
Founded by: Rohit Bansal and Kunal Bahl
India is experiencing a digital revolution. Snapdeal was founded by Rohit Bansal and Kunal Bahl in February 2010. The headquarters of Snapdeal are located in Delhi. It began as an online platform for daily deals. In September 2011, the company expanded to include an online marketplace. Snapdeal India’s One of the top e-commerce companies.
The site is home to around 310,000. The company also offers more than 30 million products from more than 125,000 international, national and global brands. It also has over 800+ categories of retailers. According to industry experts, India’s eCommerce market will explode over the next few months. It is predicted that it will reach US$ 200 Billion by 2026.
9. MakeMyTrip
Founded: In 2000
Founded by: Deep Kalra, Keyur Joshi, Rajesh Magow
MakeMyTrip operates an online travel agency. The headquarters of the company are in Gurgaon (Haryana). The company was founded by Deep Kalra in 2000. There are 52 retail outlets in India spread over 47 cities. The company offers travel tickets by plane, train and bus, as well as taxi services and hotel reservations. The site is also known for offering travel discounts and specials.
10. Bookmyshow
Founded: In 2007
Founded by: Ashish Hemrajani
Bookmyshow is the leading entertainment platform for movie, event, sport, and concert tickets. Customers can book tickets via a variety channels including the internet, mobile apps, WAP and an in-house call center. Ashish Hemrajani and Rajesh Balipande founded the company in 1999. The company’s headquarters is in Mumbai.
