Flipkart and Amazon record combined sale of $7.3 billion as online shopping gets a boost due to pandemic.
Amazon India expands furniture category ahead of festive season; claims category has grown by 120% over last year
While Amazon hasn't announced the dates of its festive sales, it is likely to kick off in the last week of September
E-commerce tug-of-war: Flipkart confident of bumper sales during annual festive season; says Amazon losing relevance
Flipkart and Amazon both began their flagship annual sales in India on Wednesday, and will compete for shoppers during the October-December festive season when most big-ticket purchases are made in the country.
Flipkart secured a corporate agent license from Bajaj Allianz to provide insurance to its customers.
With attractive deals and huge discounts across various categories on offer, almost all major e-commerce platforms are geared up to commence their sales for the festive season
Going by GMV figures, India’s retail market is around $500 billion while the online share was at $10 billion in 2015 and is expected to be in the reach of $18-20 billion in 2016.
With the festival sales season ready to go live in the next 24 hours time, online retailers like Flipkart and Amazon are going extra mile to stitch exclusive deals with number of smartphone and TV companies
Including the fresh $2 billion fund infusion plans, total capital committed by the US-based online retail giant in its Indian arm stands at $7 billion