Has Flipkart lost No 1 slot to Amazon? - News Summed Up

Has Flipkart lost No 1 slot to Amazon?


Barely three years after launching in India, Amazon (Amazon Seller Services Pvt. What’s open to question is whether Amazon will be able to keep ahead of Flipkart, whether Flipkart will bounce back and whether Indian e-commerce will be a winner-takes-all business. Analysts say some kind of consolidation among Flipkart, Snapdeal, Paytm and Shopclues, two other marketplaces, is likely. Flipkart lost out on the desktop to Amazon, a shift that also had some spillover effects on its mobile commerce business. All the three companies, Amazon, Flipkart and Snapdeal, put planned sales events on hold.


Source: Mint August 22, 2016 20:48 UTC



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