2023: A peek into Indias evolving e-commerce market, Retail News, ET Retail

Our state-of-the-art Ecommerce Platform for start-ups, GoCommerce, can host 1000s of product pictures for you so you always meet your customer’s expectations. When a customer provides services to a business enterprise, it is called C2B eCommerce. Freelancing is the best example of C2B where customers advertise their services and are hired by businesses to fulfill specific requirements.

Among the most crucial elements to look out for is how the platform processes online transactions. Giving your customers various payment options will improve their shopping experience, ultimately benefiting your eCommerce store’s conversions. Web design plays an important role in improving customers’ shopping experience, encouraging them to browse longer on your online store and driving purchases.

Notably, in the same period last year, they recorded an EBITDA of approximately -INR 80 crore. PharmEasy’s popularity stems from its commitment to providing genuine, high-quality medicines at discounted prices. Whenever you open an offline store, you must rent land and spend thousands of money on maintenance. In Snapdeal, you can event planner in bangalore open your shop at zero set-up cost because it has no listing or registration fee. The future of marketing is going digital, and you can join in this revolution by becoming a part of the e-commerce fraternity. Myntra provides an exhaustive catalogue of items for men, women and children, ranging between luxury-wear to loungewear.

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The marketplace brings together manufacturers, distributors, and pharmacies to supply Allopathy, Generics, Surgical, Ayurvedic, and Speciality medicines. According to Udaan, the platform has over 3 million users, 25, ,000 sellers across 900+ cities, and operates across 12,000 pin codes in the country. With a monthly transaction volume of over 4.5 million, the platform serves 1.7 million retailers, chemists, Kirana shops, HoReCa, farmers. However, seeing the platform’s traction, Udaan soon envisioned building a full-stack e-commerce marketplace for SMBs in the country.

Mobile Compatibility:

If you’re looking to sell on social media or integrate Shopify features with an existing website, try Shopify Lite. Shopify is an excellent option for small to medium-sized businesses looking for an eCommerce solution to sell online. It is easy to use and comes with a collection of templates and plenty of third-party integrations. Shopify has three pricing plans – Basic Shopify for $29/month, Shopify for $79/month, and Advanced Shopify for $299/month. It also offers a 14-day free trial, allowing users to test the platform before committing to a plan. However, it charges additional transaction fees for third-party processors, ranging from 0.5% to 2% per transaction, depending on the plan.

A number of online businesses worldwide have been using Shopify for the amazing features that it offers. Some of these include ease of mobile shopping and social commerce, which are increasingly gaining popularity across the web. Since then, the journey has been a swift one, with a growing array of features being added up every year. With the growing prominence of social media, now you can collate Shopify with your Facebook account easily.

Role of Ecommerce Platforms in Startups

Notably, Nykaa’s Beauty and personal care Gross Merchandise Value experienced a remarkable 26% Year-over-Year growth, reaching Rs 1,901.4 crore in the third quarter of FY23. With a widespread delivery network, Nykaa caters to customers across India and even in Nepal. With a mission to “make doing business easy,” Indiamart serves as a trusted platform catering to small, medium, and large enterprises across various industries.

Instamojo is widely recognised as one of the most trusted E-commerce platforms in India, with a staggering number of over 2 million retailers placing their confidence in its services. The platform offers the convenience of creating a free online store, providing a user-friendly and accessible solution for businesses. Notably, Instamojo stands out with its integrated payment system, offering a flat pricing structure that simplifies transactions for both merchants and customers. The Indian E-commerce industry has been on an upward growth trajectory and is expected to surpass the US to become the second-largest E-commerce market in the world by 2034. Technology-enabled innovations like digital payments, hyper-local logistics, analytics-driven customer engagement and digital advertisements will likely support the growth in the sector. India is also planning to introduce Open Network for Digital Commerce . ONDC will enable e-commerce platforms to synchronize search results on all the e-commerce platforms and display products and services from every platform.

What makes Amazon Business Special – Key Features

StoreHippo offers Mobile First, Full Customization & Built using Most Scalable Technology. ECommerce platform allows you to create online ready stores with an unmatched ease of use. Select an E-commerce platform that offers secure and reliable payment gateways to build trust and credibility with your customers. The platform should support compatible payment gateway options that ensure safe transfer of funds from customers’ accounts to yours.

Each platform possesses distinct features, making it essential to carefully evaluate the platform that aligns with the nature of your products. With an extensive product range exceeding 250,000 items, AJIO showcases over 1,400 national and international brands on its platform. This diverse selection caters to the discerning tastes of its growing customer base.