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Become A Startup Insider With Inc42 Plus
Join our exclusive community of business leaders &makers for in-depth tech stories and intelligence on India’s tech economy you won’t find elsewhere.
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The ecommerce story in India at the moment is one of heavy losses in the billions. Collectively, the four horsemen of Indian ecommerce marketplaces — Flipkart, Amazon, Snapdeal and Paytm Mall — have registered losses of INR 10,879 CR during the financial year 2018-19 (FY19) in India. This staggering amount highlights just how far off profitability the ecommerce sector in India is.
While Amazon India and Flipkart registered a net loss of INR 5685 Cr and INR 3837 Cr, Paytm Mall and Snapdeal observed losses of INR 1171 Cr and INR 186 Cr respectively. This loss-making pattern is in stark contrast to the boom expected in India’s ecommerce sector, which is estimated to be worth a whopping $120 Bn by 2020.
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