Amazon vs flipkart market share. Hence flipkart have been expecting this market battle for a few years. The seattle based giant has a 31 percent share in the indian market compared with flipkart ltds 32 percent according to a report by forrester. Of late the bengaluru based e tailer has been focusing on boosting market share rather than narrowing its losses.
1 crown in india is apparel and fashionthe second largest contributor to indias 196 billion online sales. Indias largest e commerce marketplace flipkart clawed back market share from rival amazon showing steady growth in the nine months to march 2017 immediately after which it raised a massive 14 billion round at a valuation of 116 billion. Myntra had given flipkart the largest market share in fashion.
They knew that amazon is the real contender even before the launch of amazon india. But for both flipkart and walmart the deal means new and lucrative opportunities. Flipkart had posted losses of rs 5223 crore in 2015 16.
The 15 billion deal came as a setback to amazon with analysts predicting roughly a 30 percent market share loss for the company in india. It also boosted flipkarts performance on a range of vital parameters. For the financial year ending march 2017 flipkart widened its losses by 68 percent to rs 8771 crore.
If you ask as on today flipkart has the maximum share in terms of value and volume.