Digital Transformation

Amazon closing the gap on Flipkart in India, says Forrester

By Taruka Srivastav | Reporter

Amazon

|

ecommerce article

March 22, 2018 | 3 min read

The battle between e-commerce companies Amazon and Flipkart in India continues to intensify as Amazon is now closing the gap on Flipkart, according to Forrester.

Flipkart raised $2.5 billion from Softbank in 2017, bringing its total funding to $6bn to date and competing with Amazon, which committed $5bn to India for market share.

After surpassing Flipkart in 2016 for the first time, Amazon has strengthened its position as metropolitan Indian consumers’ preferred online retail destination and is aggressively closing the gap on Flipkart to become the single-largest online retailer in India in terms of sales, according to Forrester.

Amazon closes the gap with Flipkart in India, says Forrester

Amazon closes the gap with Flipkart in India, says Forrester

Fashion remains the only category where Flipkart has a significant edge due to its acquisition of fashion online retailers Myntra and Jabong.

The report further stated that with Amazon’s continuing focus on fashion and grocery in 2017 and 2018, Flipkart will find it difficult to retain its edge in 2018.

In addition, it concurred that despite slowdowns in 2016 and 2017, India remains the fastest-growing market in the world, with a CAGR of 29.2% to cross $73 bn in 2022.

The latest marketing news and insights straight to your inbox.

Get the best of The Drum by choosing from a series of great email briefings, whether that’s daily news, weekly recaps or deep dives into media or creativity.

Sign up
Digital Transformation

Content created with:

More from Digital Transformation

View all

Trending

Industry insights

View all
Add your own content +