Top 10 E-Commerce Companies In India

Top 10 E-Commerce Companies In India: E-commerce (electronic commerce) is the activity of electronically buying or selling products on online services or over the Internet. The term was coined and first employed by Dr. Robert Jacobson, Principal Consultant to the California State Assembly’s Utilities & Commerce Committee, in the title and text of California’s Electronic Commerce Act, carried by the late Committee Chairwoman Gwen Moore (D-L.A.) and enacted in 1984. While the Indian e-commerce sector is still in the early development stages, it is a market rich with opportunity; with so many people comes so much room for major players and small players alike to take a giant chunk out of the Indian e-commerce pie.

While the Indian e-commerce sector is still in the early development stages, it is a market rich with opportunity; with so many people comes so much room for major players and small players alike to take a giant chunk out of the Indian e-commerce pie. In this article, we are going to discuss the top 10 e-commerce companies in India. In this, Amazon is ranked in the first position in the top 10 e-commerce companies in India. So far, it’s electronics that make up the most significant online retail sales category in the country, at 48 percent, but apparel is following not too far behind at 29 percent.

No.1 Amazon

It is an American e-commerce giant, Amazon, is said to have an audience reach of 89 percent in India, according to Statista. Since launching in India in 2010, the site now generates an estimated 322.54 million monthly visitors, making it the highest performing site in the country by a long shot. True to the overall statistics that the primary e-commerce category in India is electronics, the audience’s interests in Amazon lean toward this category. The owner of this company is Jeff Bezos.Estimated number of monthly visitors: 322.54 million

No.2 Flipkart

Estimated number of monthly visitors: 242.62 million. While it may be 100 million monthly visitors behind Amazon, Flipkart is an Indian e-commerce success story, putting up fierce competition against the international heavyweights. Founded in 2007 in India, Flipkart is a purely online variety store that, in 2018, sold 77 percent of itself to Walmart for USD$ 16 billion. Flipkart is most popular amongst its customers for goods in the electronics category.

No.3 Alibaba

Estimated number of monthly visitors: 175.95 million globally. Alibaba is an internationally recognized major player in the e-commerce market, founded in China in 1999. Alibaba Group Holding, a massive multinational conglomerate holding company, specializing in all things online from e-commerce to online retail, Internet, and technology, Alibaba is a force in the international e-commerce space. Alibaba has a similar offering with product categories, including home and kitchen, tools, and many more.

No.4 Snapdeal

Estimated number of monthly visitors: 56.41 million. Another Indian-founded e-commerce giant, Snapdeal, is an online variety shopping platform that has garnered much attention from customers and investors. Since launching in 2010, Snapdeal has attracted funding from big-name investors Alibaba Group, Softbank, and Foxconn. While the largest category shopped from Snapdeal is electronics, the online store also offers other product categories.

No.5 Myntra

Estimated number of monthly visitors: 48.03 million. Myntra is a pure-play e-commerce site launched out of India in 2007, which has since gone on to become one of the country’s premier fashion, home, and lifestyle e-commerce sites. Its 2014 sale to Flipkart, in addition to the acquisition of competitor Jabong.com, has helped it to grow even further. Myntra stocks a range of goods from various international and local brands, covering menswear, womenswear, kidswear, and home.

No.6 IndiaMART

Estimated number of monthly visitors: 47.23 million. IndiaMART is the largest online business-to-business marketplace in the country, founded in 1999 to connect buyers with suppliers. Today, IndiaMART has around 60 percent market share of the online B2B classifieds sector in India. Covering just about anything you can imagine, IndiaMART has categories including building and construction, industrial machinery, apparel, electronics, and even chemical, dyes, and solvents, to name just a few.

No.7 Book My Show

Estimated number of monthly visitors: 43.25 million. BookMyShow India is the number one online ticket vendor in India. Since opening its doors in 2007, it has grown to provide ticketing services in five countries, including the United Arab Emirates, Sri Lanka, the West Indies, and Indonesia. Covering movies, events, plays, sports, activities, and tickets to monuments, as well as selling fan merchandise, BookMyShow is India’s one-stop-show to book entertainment and look for fan goods. Its major investor is the internationally renowned TPG Growth.

No.8 Nykaa

Estimated number of monthly visitors: 20.84 million. Nykaa is another Indian-founded brand that bucked the norm, beginning as a pure e-commerce platform and then expanding to open a brick-and-mortar location in the Indira Gandhi International Airport in 2015. Founded in 2012, Nykaa started as an online store selling beauty items in categories including makeup, skin, hair, appliances, personal care, fragrance, and LUXE. In more recent years, the brand has expanded its range, bringing on more brands and introducing its very own cosmetics and beauty line.

No.9 First Cry

Estimated number of monthly visitors: 16.94 million. Founded in 2010, firstcry.com is a pure e-commerce platform specializing in goods for babies and children up to early teens. Owned by the Mahindra Venture, firstcry.com is the biggest children’s goods e-commerce site in Asia and now has brick-and-mortar stores across the country. Anything one could imagine needing for their little ones can be found on the platform. Its categories include apparel, toys, books, feeding and nursing items, and mom and maternity products.

No.10 1mg

Estimated number of monthly visitors: 14.62 million. 1mg is an Indian online pharmacy making healthcare accessible, understandable, and affordable for its customers. Not only is the site a platform to purchase medicine and other healthcare products, but it acts as a portal to find information about the medication doctors prescribe them to understand better what they are taking. Founded in 2015, 1mg provides services including online consultations, lab tests, medical information, and products including fitness and nutrition products and supplements, healthcare devices, personal care, Ayurveda products, and homeopathy items.

Final Thought

Based on research, here is the list of the top 10 e-commerce companies in India. Despite the low internet penetration, the e-commerce sector in India is still massive, thanks to the overall population size. It was worth US$ 48.5 billion as of 2018 and is expected to quadruple to reach US$ 200 billion by 2026. We have categorized these lists based on their traffic, people’s visits, and many more details. Amazon is in the first position in the list of top 10 e-commerce companies in India.

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