E-commerce is simply the transaction of goods and services through the use of computer network such as the internet. It captures on technologies such as mobile commerce, electronic fund transfer, internet marketing to mention a few. Over the years, India has been lagging behind when it comes to e-commerce. Still e-commerce in India had also made a tremendous increase. This was made possible by a positive increase from the economy, which was formally dominated by small scale business. Another successful story that helped in the latest development of e-commerce in India is the increase in the accessibility of the internet in many parts of the country. A good numbers of websites have been helping out in delivering goods and services in India. The list of the best ten e-commerce companies in India is enumerated below in the piece of this article.
List of e-commerce companies in India
This is the best e-commerce company in India and it was established in 2007. At their initial start, they concentrated more on online sales of books. It later progressed to electronic goods, and then to a wider list of products which includes gadgets, electronic items and clothing. The company which is owned by Sachin Bansal and Binny Bansal has become the leading e-commerce company in India. This is partly because of the fact that they were able to establish a chain of trust among their buyers and also they acquired Myntra in a deal with the sum of $3.1 billion. In flipkart they offer different methods of payment modes ranging from credit cards, debit cards, net banking and cash on delivery. The cash and delivery method have been of great important to the company since India is still a developing country.
This company was founded in November 2009 by Harish Bahl. It’s a fashion and designing company that is based on making collections among the demanded designers of all brands in Gurgaon. Fashionandyou brings 20 new mega sales at up to 80% commencing every day at 9.00AM. They offer unavoidable deals on superior brands, designer labels and exclusionary offerings in fashion and lifestyle sections. This is the first company site to cross a million fan on social media, and currently, they have links with more than 1500 brands and suppliers colleague nationally and greater than 100 international brands.
Snapdeal was founded in February 2010 by Bahl and Rohit Bansal an alumnus of IIT Delhi. They offer products of varying categories like electronics, footwear, home and kitchen, sport, apparel to mention but a few. Initially, they began as a discount coupon site but to take control of growing e-commerce market, they have changed their business model. They have the widest collection of above 12 million products across 500 and more different categories from thousands of regional, national and international wise brands. With its breakthrough in the procurement of freecharge in 2015, a leading mobile transactions platform, they have become one of the largest e-commerce company in India.
Myntra was founded on February 2007 by three graduates of IIT namely, Mukesh Bansal, Ashutosh Lawania, and Vineet Saxena. It started off in the business of customization of products and proceeded to set up branches in New Delhi, Mumbai and Chennai. The company’s main branch is in Bangalore. They have been funded by Venture capital funds like IndoUS, IDG and Accel partners.
Inkfruit started in December 2007 with the name Gnome. It’s a website where t-shirt products from top rated designers are submitted to be voted for by a group of persons. The community of this company submits T-shirts to be voted for and this voting is done on the scale of 1 to 5. The design that attracted more vote wins, get printed and offered for sale. The member whose design wins is paid a winning amount. The CEO of this company is Kashyap Dalal.
Homeshop18 was launched on 9 April 2008 in the online and on air retail and the dissemination venture of Network 18 group. They have their main office in NOIDA, India. It is the best and first unlimited hour home shopping TV channel in India before it grew into the internet. They deal on selling mobiles, clothing, jewelry, books, toys Nokia, Samsung etc. They have an online payment mode via credit and debit cards also available on their site. To establish a concrete relationship with their buyers Homeshop18 offers a great discount to customers on cooperate gifting and bulk deals.
Yebhi was launched in 2009 for the online shopping portal for home, lifestyle and fashion. It started at BigShoeBazaar.com and has a registered user of more than 1 million people, of which not less than half a million have exchanged goods and services on the site. After observing the capability of this company, Nexus Ventures Partners and N.R. Narayana Murthy’s Catamaran Ventures invested 40 crore in this company.
It started its operation in the year 2010 by one 97 communications. It commenced with online mobile and DTH recharge, electricity bill and such of its kind. In 2014 the same company launched PayTM wallet, which is now the biggest India electronic wallet with over 40 million accounts. They started selling various goods on their site the same year and recently it is noted as India’s biggest digital goods market place. They have become a leading name in India’s e-commerce because of their extensive cash -back scheme. Their head office is at Noida with regional offices in 5 Indian cities and more than 3200 people are working for them.
This is the leading India’s jewelry sites. The list of their products deal ranges from diamond jewelry, rings, Earrings, bangles, pendants etc. The quality and the authenticity of their jewelry and diamond is observed with BIS characteristics and certification from international labs like GIA, IGI, HRD and AGS. Their payment mode includes cash on delivery, the use of credit cards, debit cards etc.
This is one of the best growing e-commerce company in India, they function as a marketplace between buyers and sellers. Their delivery has been rated to be in more than 12,000 locations, their payment mode ranges from credit cards, debit cards and cash cards. In 2013, they received the award of best e-Retailer of the year by the Indian e-Retail award.