Yantragyan
Things have changed widely now. Earlier the very people who were circumspect of buying goods online are the ones who have now become the vigilantes of online shopping and are now encouraging others to do the same. Now Flipkart , Amazon, Ebay have become mundane names in every household which marks the beginning of a very new era, the era of online shopping to which you all are highly welcomed. Hence there is the need to inform you regarding online shopping.
To begin with we have Flipkart and Myntra. Recently Flipkart bought online Fashion store Myntra. Flipkart-Myntra is actively considering acquiring some online and offline private labels. It plans to spend about $100 million in the coming year. Their combined effort might also place them in a better position to take on the likes of Amazon, which has become increasingly aggressive in India’s booming e-tailing market. .. With Amazon.in going strong ,it has made Indian stores’ life difficult and myntra buyout by flipkart was also the amazon effect as some say.This deal was influenced by two large common shareholders: Tiger Global and Accel Partners.Flipkart and Myntra did not disclose the details of the deal, but analysts estimate that Myntra has been valued at about Rs 2,000 crore ($330 million)
Snapdeal, promoted by New Delhi-based Jasper Infotech Pvt. Ltd, started in 2010 as a daily deals platform, selling coupons to groups of customers (similar to the Groupon model), but converted to a marketplace in late 2011-first offering services and then adding a wide range of products including apparel, books and electronics through third-party merchants.
The Indian e-commerce market was worth $13 billion in 2013, with online travel accounting for over 70 percent of consumer e-commerce transactions. Online sales of retail goods totalled $1.6 billion in 2013, according to research firm Forrester, and are expected to reach $76 billion by 2021, according to Technopak. By comparison, China’s business and consumer e-commerce sales may surpass $180 billion this year, with industry leader Alibaba readying an initial public offering (IPO) worth more than $15 billion.
Hang on, even our Jammu is not far behind. The first online grocery store of Jammu is launching soon Karyanawala.com (don’t be deceived by the name, its’ going to be really awesome) .This is the first attempt by any Jammuite to enter online market. The store offers cash on delivery as debit card is still considered taboo .The store offers loads of variety with catalog of around 5000 products. People of Jammu can now sit back at comforts of their homes and buy items without going anywhere. Do visit facebook page of Karyanawala to show your support, it is highly needed.
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