The booming ecommerce market in India has attracted VC’s to fund the next Indian ecommerce success story. Several Indian ecommerce startups like Flipkart, Myntra, snapdeal & others have already made a big name in Indian ecommerce space. Many are planning for expansion, M&A & others to gain new markets.
Accel Partners India has brought out a study on the ecommerce in India & how it is shaping up.
1) Online shopping of physical goods in India, will grow to $8.5Bn in 2016. Number of online shoppers in India will more than double to 40M. The study doesn’t take into consideration travel, ticketing and food ordering.
2) Last year saw the rise of fashion category – fashion e-commerce GMV doubled since 2012.
3) People are becoming more comfortable in ordering higher priced items online.
4) 35% of Online GMV in 2016 will be influenced by Women.
5) Tier 2 cities growing faster in ecommerce adoption. Potentially 40M shoppers between ages of 19 – 24 years, will start spending money online
6) Last year there was a big jump in average order value with new categories like jewellery, home decor & others.
Amazon has launched Amazon.in, an online marketplace in India. This has been launched by Amazon Seller Services Pvt. Ltd, an Amazon.com company. With the ever-increasing Indian internet population, rising income levels & convenience of purchasing online, Indian online retailing is attracting global giants. Due to Indian laws prohibiting direct retailing by Foreign companies on the net, Amazon has gone for a different business model. In this, Amazon will not own any merchandise sold but will act as platform for any retailer who wants to sell his products. Books, movies & TV shows are currently available with mobile phones & cameras coming in the weeks ahead.
This provides Indian customers with a wide selection, low prices, offers, fast & reliable delivery. The company has launched 2 new programs, ‘Selling on Amazon’ and ‘Fulfilment by Amazon’. This provides Indian retailers to sell their products online easily & with access to great Amazon technology. This is also accessible on mobile devices. This would provide a tough competition to Indian online retailers.
LinkedIn India has crossed 20 million member base in India. Of the 225+ million member base, US comes first with 74 million & India 2nd with 20 million members. LinkedIn has become a top networking site for entrepreneurs, students & professionals. This helps them become more professional & productive in their lives. Both for employees & employers, LinkedIn has become a top source of global networking, for finding the right candidates & enhancing their productivity.
Companies also post jobs on LinkedIn. LinkedIn India is headquartered in Mumbai, with 2 offices in Gurgaon and a Technology Centre in Bangalore. You can post updates on LinkedIn which can also be published on Twitter. You can also view stats on who visits your profile. LinkedIn apps are also available & updates can also be published through mobile.
Following is the some of the imp data & image available on LinkedIn Press Center
Top 3 industries: IT Services, Computer Software and Accounting
Top 3 skills include Management, Sales and Training
Interesting keywords mentioned by members in their profiles: Bollywood (1565), Yoga (4775), Cricket (2924) and Curry (231)
Most InDemand Employers: TCS, Infosys and IBM
Top 3 locations where people love their jobs: Ganganagar, Jalandhar and Delhi-NCR