Both 2015 and 2016 so far have proven to be busy years for the Indian eCommerce space. Many new ventures were launched and larger conglomerates joined the space to bag a considerable share of the Indian eCommerce market. There are varied eCommerce firms that have been unveiled their operations.
Hyperlocal deliveries in the areas of grocery have been one of the key areas of the Indian eCommerce sector which have clocked quick and strong growth. It would be appropriate to say that the hyper-local market has witnessed the launch of new startups but many are not destined to be profitable due to the multiple offers and discounts they offer to lure new customers.
It would be appropriate to say that eCommerce segment in India has witnessed an unprecedented jump in the business activity last year. Reports suggest that the eCommerce segment in India is likely to be worth $220 billion by the year 2025. While delivery speed and product quality continue to drive the success of, it won’t be incorrect that logistics will decide the success of eCommerce startups.
Experts are of the opinion that innovations will drive the growth of eCommerce space in India as the demand is expected to boom with time.