Amazon India has shown
its muscle power to Indian Ecommerce giants Flipkart and Snapdeal. Yes you read
it right. In just 8-10 months of time, Amazon has shown that they are the world
leader when it comes to Marketplace model. They have tied up with thousands of
Dealer/Merchant and bringing them on-board across 20 categories. They claimed
to have over 15 million products in Amazon.in, while Flipkart and Snapdeal have
10 million and 4 million respectively.
Flipkart has already hit
$1bn mark in revenue and Snapdeal is next in line and may reach a $1bn mark in
next year or so, but you can't ignore amazon that has already exceeded in no.
of products. This may be a worry for Indian poster boys of
ecommerce [Binny and Sachin Bansal] along with VCs (Accel Partners and Tiger
Global). Recent news/rumours about Flipkart and Myntra are going to join hand
may be one of the reason to fight back with the global giant. We can't ignore
this news , as out of all the VCs who have invested in Flipkart and Myntra, two
of them have invested in both the venture and might have good stake.
According to a english
daily newspaper , Online
fashion retailer Myntra's co-founder and CEO Mukesh Bansal is open to getting a
strategic investor on board, a move which could trigger a deal with Flipkart as
early as this month, making it the biggest consolidation move in the Indian
e-commerce market.
Consolidation
is on the Card. Battle is between Top Indian Ecommerce Player Flipkart
+ Myntra Vs Amazon.
Stay tuned for more
details.