Today’s post on GetElastic “The State of Ecommerce in India” talks about the ecommerce potential in India. The infographic is very interesting in that post. It compares the ecommerce market size in US & India. The graphic starts of by questioning the statement ‘India’s ecommerce is BOOMING’. Main points are,
Indian ecom sites that are having global recognition seem to be Flipkart, Infibeam, Makemytrip (listed on Nasdaq) and funnily the graphic for Amazon says “Moving to India” (instead of “starting its India operations”). Well, the way everyone is talking about ecom in India (i.e. “hype”) you never know if global players will shut shops in Western countries and “move to India”.
Why Will India’s Ecom Grow?
Valuations in India
Ecommerce portals in India are having great valuations today. VCs who were “not” able to invest into the good ones have started bashing the valuations (simply because they missed the bus). But then few startups (less than a year old) have unrealistic valuations which could hurt the entire eco-system.
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