Source: ETRetail.com, Oct 16, 2018
Business consulting firm Redseer said the top e-commerce platforms – including also Paytm Mall, Snapdeal and others – generated sales of $2.3 billion. Before the sale started, it had predicted total sales between $2.5 and 3 billion.
Forrester Research said Flipkart alone did close to $1 billion of gross sales. It said Amazon narrowed its gap with the home-grown e-tailer this year, compared to the last. All of these numbers will be finetuned over the next few days as more data flows in.
Last year, top e-commerce firms had estimated to have done under $1.5 billion in sales. The sentiment last year was adversely impacted by GST implementation, and the lingering effects of demonetisation. Read the rest of this entry »