5 booming E-commerce company in India

While India Inc. is inundated by slowdown, E-commerce business in the country is flourishing. Flipkart, Myntra, Jabong, Snapdeal and Justdial are top five e-commerce websites that are booming in India despite the economic deceleration. Out of these,

Flipkart, Myntra, Snapdeal and Justdial are all Indian firms. In a time when overseas investors are losing faith in Indian markets, these e-commerce portals have had a record growth.

FLIPKART

Flipkart.com, other than being India's largest online bookstore, offers various products ranging from fashion to fitness, accessories, gadgets and from electronics to home and lifestyle. The secret being the popularity of 

Flipkart.com are attractive prices and great delivery service.

 Every e-commerce firm wants to make the most of this time and wishes to secure its place as the absolute mogul in the sector. Probably Flipkart will emerge with new projects.

 Flipkart was established by Sachin Bansal and Binny Bansal. The two Alumni of the IIT Delhi commenced the project in 2007 after quitting Amazon.com. A firm that the Bansals started by funding themselves with just Rs.400,000 now has a strength of 4500 employees. The entrepreneurship generated a revenue of Rs. 500 crore during 2011¬–12.

MYANTRA

Myntra.com is an online shopping retailer of fashion and casual lifestyle products. The online store has joined hands with top retail brands such as Lee, John Miller, Indigo Nation, etc.

 The store also stocks a wide range of sports and fitness merchandise from Nike, Reebok, Puma, Adidas, etc. 

 Myntra was founded by IIT alumnis Mukesh Bansal, Ashutosh Lawania and Vineet Saxena in 2007. The company started as a B2B firm and shifted its sphere to B2C soon thus stepping into fashion and lifestyle products.

 The firm runs by procuring various brand’s merchandise and making them available  to its customers. The company had targeted a 500 crore sales during fiscal 2012–13.

JABONG

Jabong.com is an Indian fashion and lifestyle electronic commerce portal of a German business incubator ‘Rocket Internet’. The firm follows both inventory model (where products are sourced from various brands and strode in Jabong warehouses) and controlled marketplace model (Jabong just takes care of the fulfillment, customer service and returns if any).

 Aiming at superior customer satisfaction, Jabong has a brilliant logistics department that delivers orders on the same day in Delhi/NCR and within 48 hours in top 10 cities. Delivery in other cities is accomplished within 2–3 working days.

 Headquartered in Gurgaon, the third most visited online shopping website Jabong gets 14000 orders on daily basis of which 60% orders are from small towns.

SNAPDEAL

Snapdeal.com has a different than usual online shopping concept. Founded by Wharton graduate Kunal Bahl and IIT Delhi alumnus Rohit Bansal in February 2010, the daily deal website has grown to become one of the largest Indian eCommerce websites shipping more than 25000 products daily.

 Snapdeal later expanded into product retailing and since 2013 has started moving towards pure marketplace model. The online retail chain offers a wide range of products from electronics, clothing, accessories, furnishing to sports and fitness products.

 The daily deal website comes up with attractive discounts and deals over a wide variety of retailed products almost every day. Of late in its third fundraising of $50 million, Ebay invested heavily in the firm and became a commercial partner with an access to Snapdeal’s 20 million registered users.

JUSTDIAL

Justdail.com, headquartered in Mumbai, is a local online search engine or telephonic service provider in India. Founded by V. S. S. Mani, the idea occurred to him while he was working for United Database India (UDI) in 1987.

 Just dial started its journey as a phone service and expanded to online search engine. Lately the company has started online food booking as well and along with this there are many more projects lined up. Possibility is that Google, which is planning to expand its business in India, may tie up with the largest directory and local search service provider JustDial.

 Justdial’s foundation was laid in 1996 with a finance of Rs. 50,000 and a staff of 6 workers. The internet service was launched in 2007. According to a March 2013 data, the company has a staff of around 7457 employees.