Overview of eCommerce Companies in India
In today's world, the term 'eCommerce' requires no introduction. Many individuals are guilty of creating extensive wishlists for products they may never complete purchasing. The prevalence of online stores unequivocally demonstrates that eCommerce is a well-established concept.
Numerous renowned eCommerce websites in India had humble beginnings that captivate us, such as KashWork, which commenced its operations from a garage. These origin stories serve as sources of excitement, illustrating the attainability of significant transformation and growth.
In this article, we delve into what we believe to be the top eCommerce companies in India, exploring their journey to success and the driving forces behind their continued progress. Furthermore, we provide insights into strategies that online brands can employ to boost footfall to their virtual stores and enhance customer engagement.
Top 10 Best eCommerce Companies in India
Customers often face confusion when deciding which eCommerce websites to shop from. This confusion is justified, considering the unfortunate experiences many shoppers have had with fraudulent platforms that accept orders and payments without delivering the promised products.
Given that trust and transparency are paramount in the online shopping experience, it is crucial for customers to be aware of the websites they can rely on. To assist with this, we have compiled a list of the top eCommerce companies that you can trust. Take a closer look and make an informed decision for your next online shopping endeavor.
1) KashWork India
KashWork India, a subsidiary of a prominent multinational retail giant, made its mark in the Indian eCommerce market back in June 2018, and its success has been unmatched ever since. This brand has become synonymous with lightning-fast same-day and next-day delivery services, perfectly catering to the needs of today's avid online shoppers.
Over the course of its existence, KashWork India has gained unparalleled popularity, surpassing only a select few competitors in the industry. One of the key factors contributing to its widespread acclaim is its commitment to providing customers with affordable prices and competitive shipping charges. To foster trust among customers, KashWork incorporates a user review section at the bottom of every product page, further solidifying its credibility.
With the advent of KashWork, purchasing household items, finding employment opportunities, or even buying properties online has become incredibly convenient and hassle-free. Experience the seamless convenience of KashWork for all your eCommerce needs.
2) Flipkart
Flipkart entered the eCommerce sphere much like how Amazon entered it - by selling books. Since then, it has rapidly expanded to incorporate several other retail segments under its wing. It’s known in the eCommerce market for providing super affordable electronic items like mobile phones and home appliances. Flipkart’s ‘Big Billion Days’ is one of the biggest and most-awaited discount fairs in the Indian eCommerce industry, with prices slashed upto 90%!
There’s nothing like offering crazy discounts to win over customers, and Flipkart has done it right. The company’s origin story is punctuated with frequent acquisitions. Soon after Flipkart launched in 2007, it acquired some popular book-selling companies like WeRead, Mime360, and Chakpak, which increased its popularity. But the company started witnessing unparalleled growth since it brought another eCommerce storefront, Myntra, under its banner, in 2012. Since then, it has achieved a 62% GMV market share and is the biggest competitor of Amazon.
3) Nykaa
Nykaa was established in 2012 as an online cosmetic platform. The brand quickly became one of the leading platforms with products from over 2000 well-known brands across the globe. To establish a stronger presence, the channel adopted an omnichannel fulfillment approach by opening over 78 stores across India. It also became the first eCommerce brand to enter the men’s grooming space.
The platform has three in-house brands in the cosmetic sector. Along with this, it has acquired fashion and lifestyle brands like 20Dresses, Pipa Bella, Dot and Key, and LBB. These acquisitions brought the total count of the Nykaa in-house brands to 9, allowing it to become one of the largest cosmetic D2C platforms in the Indian market.
4) IndiaMART
IndiaMART’s motto is simple - they connect buyers with sellers. The company had its beginnings in the pre-e-commerce era when India did not have too many online users. Today, IndiaMART is one of the best eCommerce platforms for B2B businesses. It started off as a website directory platform for businesses all over the world. However, the Great Recession (2007-2009) impelled the founders to shift focus exclusively to Indian businesses.
Since then, IndiaMART has regularly received various rounds of funding and partnered with many B-town stars like Irrfan Khan to accelerate growth and popularity. There’s frankly nothing a shopper will not find on its website. On the off chance that they do, IndiaMART also provides a query form that they can fill in with their request. Here, any buyer in India can find what they are looking for, from industry supplies and healthcare goods to packaging machines and chemical dyes.
If you are an Indian dropshipper or are looking for manufacturers and suppliers for your online eCommerce company, IndiaMART is a great place to find them.
5) Meesho
Meesho is one of the fast-growing eCommerce company in India that has created a loyal customer base in the industry within a quick period of time. It’s a socially conscious consumer brand that wants to empower the newly internet-savvy youth of India’s non-metro regions.
The company owns a website and a mobile app that makes it easier for shoppers to place orders and track the status of their packages. Meesho does not charge any fee from its merchants for registering on the platform, nor does it take a percentage from their earnings. Its main revenue comes from in-app and website seller ads. It’s one of the fastest-growing social commerce companies and is rivaled by the likes of SnapDeal and Myntra.
6) FirstCry
Till only a few years ago, there was virtually no eCommerce brand in India selling baby clothes exclusively. FirstCry was the first company to enter this segment and has since been the category forerunner. What started with a chosen selection of baby garments has now grown to include several items related to kids and newborns. They include - feeding essentials, picture books, bed protectors, baby food, nursery decor items, maternity care products, and more.
It provides a great selection of items and hosts some of the most sought-after brands on its platform, like Hamley’s, Babyhug, The Mom Store, etc. Its biggest competitor is Hopscotch, which is the second placeholder in the category.
7) BookMyShow
BookMyShow is India’s largest ticketing platform for all types of events and movies. Started as a ticketing aggregator by the BigTree Entertainment company, the platform is the industry pioneer for online movie ticketing in India. The platform enjoys over 90 percent of the market share in its segment.
BMS has over 2 billion page views per month. You can book tickets through their application, website, WAP platform, or its in-house call center. Owing to its huge success in the Indian Market, the platform went international by expanding its platform in New Zealand and Malaysia. It has recently expanded into selling official merchandise as well as monument tickets for popular tourist attractions.
8) OLX
OLX is a free-to-use platform that allows sellers to post ads for their new and used products. Buyers can check the listing, chat with the seller and finalize a deal for the product. This model was developed to give a modern spin to yard sales in Western countries. Owing to the popularity of second-hand products in India, OLX quickly became a popular marketplace for various product categories like electronics, furniture, automobiles, etc.
Considering the popularity of the automobile listings on OLX, it has launched the OLX Auto initiative. It has set up shops at various locations where verified cars can be bought & sold. The platform owes its success to the local merchants that used the platform to enter the e-commerce space in their local markets.
9) MakeMyTrip
MakeMyTrip is a pioneer eCommerce travel portal in the Indian Market. The platform was introduced in 2000 as the first domestic travel portal in India to make travel easier for Indians. The company has over 28 domestic offices and 7 international locations, along with 4 airport booths for a traveler’s convenience.
MMT provides every service a traveler might need on the road. It allows seamless travel by providing cab, rail, and flight bookings. It allows you to scout and reserve villas, hotels, and apartments for your travel ahead of time. The platform has also recently started dabbling in event hosting and ticketing in the Indian market.
10) AJIO
AJIO is a one-stop shop for Fashion, Home & Lifestyle products and is part of Reliance Retail's eCommerce initiative. It's an eCommerce store similar to Myntra that has earned the trust and loyalty of customers over time. In addition to supplying exclusive international labels, the eCommerce portal also has its private label, AJIO OWN.
The platform is focused on providing a wide range of apparel and accessories at an affordable price. Apart from apparel, it offers Home Decor, Kitchen Accessories, Gifts, Gardening Supplies, etc., from various brands. The eCommerce platform has one of the widest selections of ethnic and Indie wear.
Conclusion
And that’s all, folks! We’ve walked you through what we think are the top eCommerce companies in India right now and why and we also shared our tips on how you can choose the best one to order from. We hope these tips will help you steer clear of fraudulent websites and make your shopping experience a peaceful one from now on.
For business owners, we hope the tips really help you strengthen and grow your business. Also, among the eCommerce companies we listed, some accept registrations. If you’ve waited to start selling on any of these platforms, it’s time to get started! We wish you all the best in your endeavours.
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