E-commerce Websites are the new cool nowadays. They are extremely useful when it comes to shopping on the premises of our home. I present to you top 10 e-commerce websites list which are functional in India and you can easily use them as per your convenience.
But before that, I would like to give a brief about e-commerce websites, as to what are they and what actually they describe about the social & commercial world.
E-commerce Websites- An Introduction:
E-commerce can be simply defined as the activity of buying and selling of products over the internet. Electronic commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, EDI, inventory management system, and automated data collection systems.
The modern electronic company uses the World Wide Web for at least one step of the transaction. Otherwise, there is the usage of e-mail.
Typical e-commerce transactions include the purchase of online books (such as Amazon) and music purchases (music download in the form of digital distributions such as iTunes Store), and to a less extent, customized/personalized online liquor store inventory services
There are three areas of E-commerce:-
- Online Retailing
- Electronics Markets
- Online Auctions
Contemporary electronic commerce can be classified into two categories. The first category is business based on types of goods sold (involves everything from ordering “digital” content for immediate online consumption to ordering conventional goods and services to “meta” services to facilitate other types of electronic commerce). The second category is based on the nature of the participant
You may find it interesting to know that in India, the E-commerce applications are usually handled by the Information Technology Act, 2000.
Also, read Digital Marketing Tips in 2020 for your Online Business
In China, the Telecommunications Regulations of the People’s Republic of China (promulgated on 25 September 2000), stipulated the Ministry of Industry and Information Technology (MIIT) as the government department regulating all telecommunications related activities, including electronic commerce.
Top 10 E-commerce Website:
E-commerce has become a way of life in India. Indians have their quirks and specific needs when it comes to online shopping. Globally leading shopping sites aren’t necessarily the ones most popular within the country.
Let’s take a look at some of the most popular shopping sites and compare their domestic services. So I present you top 10 E-commerce websites’ list:
1. Amazon-India:
Amazon is an American-based company which has stretched its feet everywhere in the world, even in India. its headquarters are situated in Seattle, in the US.
It focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. Amazon is known for its disruption of well-established industries through technological innovation and mass scale.
Amazon is the largest internet company by revenue in the world. It is the second-largest private employer in the United States and one of the world’s most valueable company. This can be the most precious comment that can be ever given to a company.
2. Alibaba:
Alibaba Group Holding Limited or better known as Alibaba is a Chinese multinational which deals with e-commerce, retail, Internet, and technology.
It was founded in the year 1999, and the headquarter is in the Cayman Islands. It owns and operates a diverse array of businesses around the world in numerous sectors. As of 2020, Alibaba has the 6th highest global brand valuation.
Alibaba is the world’s largest retailer and e-commerce company. It also holds the title of one one of the biggest venture capital firms, and one of the biggest investment corporations in the world.
You may love to listen to this that this company has set a record of 2018 edition of China ‘s single day, the world’s biggest online and offline shopping day.
3. Flipkart:
Now here comes to be proud of!
Flipkart! An India based e-commerce company whose headquarters are based in Bangalore, Karnataka, India.it was founded in the year 2007, by Sachin Bansal and Binny Bansal.
The company initially focused on book sales, before expanding into other product categories such as consumer electronics, fashion, home essentials & groceries, and lifestyle products. The service primarily competes with Amazon InFirstcry
dia and domestic rival Snapdeal.
In August 2018, U.S.-based retail chain Walmart acquired a 77% controlling stake in Flipkart for US$16 billion, valuing it at $20 billion.
4. 2GUD:
After firing out ebay.com, Flipkart has come up with another amazing online portal by the name of 2GUD. It is being proposed that the website will be selling only unused and returned products or used products which are restored to full functionality by professionals.
At present, it is selling mobile phones, laptops, smartwatches, tablets, etc.
It was launched in the year 2018. The CEO of Flipkart says that with 2GUD, the e-commerce major has removed the trust deficit that exists in the refurbished goods market.
According to the e-tailer, the refurbished goods market is expected to be a $20 billion market in 5-6 years.
5. Firstcry:
This yet another Indian online portal is all set for those little bundles of joy! Kids love shopping from here as this site contains products for all age of kids. Ranging from onesies to small size T-shirts and pyjamas, this site is all set to bring the kids the best quality of clothes to wear upon.
It was launched in the year 2010. In 2016 FirstCry acquired BabyOye, a brand that was owned by the Mahindra Group, for INR 362 crore(equivalent to ₹419 crores or US$59 million in 2019).
In January 2020 the consolidated company had over 380 stores across the country out of which around 350 are franchise stores, making is “Asia’s largest online shopping store for kids & baby products”.
6. Snapdeal:
This Indian based online portal for shopping was founded by Kunal Bahl and Rohit Bansal in the year 2010.
With millions of users and more than 300,000 sellers, Snapdeal is the shopping destination for Internet users across the country, delivering to 6000+ cities and towns in India.
The headquarters of this company is based in New Delhi, India. It contains more than 125,000 brands which include regional, national and international areas.
Snapdeal is host to 200 million listings & offers a wide selection of value-focused products across 600 categories.
7. PharmEasy:
Pharmeasy! Pharmeasy! Take it easy Pharmeasy!!
You must have listened to this song on TV. It’s quite a catchy song!! This song marks the largest Indian online pharmacy company, Pharmeasy(Quite a wordplay!)
The founding year of this company is 2015. It all started with the sole purpose of making accessible and affordable to all. PharmEasy today is India’s leading and most trusted online healthcare aggregator in the country.
They help patients connect with local pharmacy stores and diagnostic centres to fulfil their extensive medical needs.
8. Myntra:
This is India’s Fashion Store. The headquarters of this company is situated in Bengaluru, Karnataka, India. The company was founded in the year 2007. It was established by Mukesh Bansal along with Ashutosh Lawania and Vineet Saxena.
Myntra sell on-demand personalized gift items. It mainly operates in the B2B sector. Between 2007 and 2010, the site allowed customers to personalize products such as T-shirts, mugs, mousepads, and others.
In the year 2014, Flipkart acquired this very company.
Well if you ask me, I think all of these Indian companies must join hands and work together.
9. IndiaMART:
This Indian e-commerce website was founded in the year 1996. It was founded by Dinesh Agrawal and Brijesh Agrawal.
The headquarters of this company is in Noida, UP. IndiaMart’s revenue registered a 29% CAGR over FY 2014-19 to ₹507 crores while it reported a net profit of ₹20 crores in FY19, according to a note from Angel Broking.
IndiaMART was the first company to test the IPO market in the Modi Government’s Second tenure.
10. Jabong:
This Indian shopping portal was founded in the year 2012. It was founded by Praveen Sinha. The portal sold apparel, footwear fashion products, beauty products, fragrances, home accessories and other fashion and lifestyle products.
The headquarters of this company is in Gurugram, NCR, India.
In February 2020, Flipkart formally shut down Jabong to shift focus completely on its premium clothing platform Myntra.
Conclusion:
In general, the top 10 e-commerce websotes list of 2020 has been updated above in the article. E-commerce is one on which almost 85% population of world relies on, whether its job or shopping. So, there must be an equal and proper differentiating statements made inorder to select best e-commerce websites.
FAQ’s:
Q1. Which site is considered to be the No.1 e-commerce site?
Ans. The universal way to compare online stores is GMV (Gross Merchandise Value). According to GMV, Amazon is considered to be the No.1 e-commerce website with Market value of more than $239 billion.
Q2. What are E-commerce websites?
Ans. E-commerce refers to the buying and selling of goods or services using internet, and the transfer of money and data to execute these transactions.
E-commerce is often used to refer to the sale of physical products online, but it can also describe any kind of commercial transaction that is facilitated through the internet.
Q3. What are 4 basic models of E-commerce?
Ans. Starting an ecommerce business, we must have a proper knowledge of all odds we’ll fall into at least one of these four general categories.
- B2C- Business to Consumer, here business is to sell directly to the end user.
- B2B- Business to Business, here business is to sell to buyer and then it goes to end user.
- C2B- Consumer to Business, here in this business, individual sells its goods and services to companies.
- C2C- Consumer to Consumer, here individual directly sells goods and services to end users.
Q4. Which of the above 4 is not a type of e-commerce?
Ans. C2B is not one of the major e-commerce sites, but in few situations it also acts like same, e.g. Freelancer.
Q5. What Are the Limitations of E-commerce?
Ans. E-commerce has become one of the most popular mediums of transactions in the recent years. By having an idea of these limitations, we can address them and come up with a solution:
- Security
- Lack of Privacy
- Tax Issue
- Fear
- Product Suitability
- High Labor Cost
These limitations can make you differentiate and compare among the top 10 e-commerce websites lists discussed in above article as well.