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With Indian home decor market all set to witness an up rise in its profits, we can surely expect new names to shore up in it's business arena.
The article sheds light on top trends which are shaping the digital commerce in India.
Year 2017 has been great for the consumer internet industry.
Amazon and Flipkart have emerged as the joint leader in the ELI of Q2 CY 17. This is the second consecutive quarter when they have tied on the top spot.
Right from its initial days in India in 2014, Amazon has been experimenting with various supply chain initiatives to improve last mile performance and reduce cost, while delivering consumer convenience in the process.
As per RedSeer Insights May'17 report stats the top trends in Indian e-commerce space.
The latest financing round for Flipkart has been come amid talks of the e-tailer's likely to acquired its domestic rival the Softbank-backed Snapdeal to further consolidating its positioning in e-commerce market.
Services which were considered value-adds few years back are now basic requirements which any mall should provide.
Currently, the total retail market size in the top six retail markets of the country amounts to Rs 4,539 bn and this is projected to reach Rs.7,168 bn by 2019.
With rising disposable incomes, growing urbanization and changing aspirations, there has been surge in consumption. Today, shopping is not limited to just buying products - shoppers are seeking a differentiated experience, and expect innovations.
According to some recent statistics, retail ecommerce sales in India have grown enormously, from 2.3 billion U.S dollars in 2012 to an estimated 17.5 billion US dollars.