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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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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.
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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