Everything About eCommerce
Turning Overstock into Opportunity: The Future of Sustainable eCommerce
Every year, millions of tons of food and goods are wasted while businesses struggle to move surplus inventory. But what if overstock wasn’t just waste? What if it became the foundation for a thriving eCommerce marketplace? Welcome to the future of sustainable retail: a marketplace for overstocked items that benefits businesses, consumers, and the planet.The Problem In India alone, an estimated 68 million tons of food ...
The Future of Real Estate in India: Using eCommerce to Fight Black Money
For years, the real estate market in India has been known for dealing with black money—unreported cash transactions that happen under the radar. Despite efforts from the government, such as demonetization, RERA (Real Estate Regulatory Authority), and GST (Goods and Services Tax), black money still plays a major role in high-value property deals. Studies show that up to 50% of large real estate transactions involve cash payments that are ...
2023 and beyond: The growth of the Indian eCommerce industry
Forecasts by #Chitrangana indicate that by 2023, the value of India's e-commerce market would have surpassed $62 billion, with subsequent years seeing annual growth of at least 14%. For businesses, this means they may expand their reach into the internet market and take use of the many possibilities it offers to increase their profits. Shopping in India with the hashtag "#ecommerce #India"The Indian eCommerce industry is experiencing tremendous growth, with estimates suggesting that it will cross $62B in 2023 and ...
Why so many Indian e-commerce startups fail and what can be done about it
India, which has approximately 658 million Internet users and the largest market for online shopping, should already be the global leader in terms of eCommerce. According to a recent survey done by the International Data Corporation (IDC), India is the world's fastest-growing smartphone market, with an annual growth rate of 19% in 2022 and a total shipment of 37 million devices. In addition, even rural India has witnessed a meteoric rise in mobile Internet commerce. Furthermore, the Government of India's latest proposed ...
25% of the shops in India will sale online by 2022 – Survey by Chitrangana.com
India is now getting used to of eCommerce and digital transactions. A recent study during Covid-19 cries shows, more than one-fourth of the local entrepreneurs are looking the opportunity to sell their products online. These are the mainstream traditional retailer and was not much interested in adopting new sales channel before COVID pandemic.eCommerce Survey July 2020Grocery stores, pharmacy, bakers and vegetable suppliers account for ...
2019-20, India’s eCommerce Industry Report, Survey & Projection
India's eCommerce industry is all set to dazzle by double-digit growth even in a difficult economy state, 2019-2020The global eCommerce expert, Chitrangana.com; assures the upward growth shine for the eCommerce industry with the actual numbers and the deep surveys even after admitting one of the biggest slowdowns of a decade. The consultancy claims, the eCommerce B2C alone is capable rising eCommerce industry with the wondrous growth. The growth will order multi fold ...
O2O Commerce Is The Next Retail Revolution In India
DESPITE boasting of the world’s largest consumer base for eCommerce, online shopping portals contribute to only 4% of India’s total retail business. A recent study revealed that 96% of the marketplace prefers the traditional, offline shopping experience. Industry experts believe customers rely upon personal interaction and real time product information before making a payment. Even in metros and tier 1 cities, eCommerce portals contribute to only 22% of total retail sales. This low number can be attributed to reluctance of ...
PCI Compliance Guide : Why Indian eCommerce Start-Ups Must look for PCI Compliance
A lot of eCommerce start-ups are entering the market, with hopes of competing with the likes of Amazon and Flipkart. To do so, they need to comply with PCI security standards, to avoid credit card fraud and data breaches. But what exactly does being PCI Compliant mean? Here, we explain:What is PCI DSS? The Payment ...
Why Traditional Wholesale Business Must Transform To B2B – Part 2
In India, B2B eCommerce is like Oxygen for the dying breed of wholesalers and traders. It’s time for them to forget their traditional methods and adopt the B2B model, to sustain and grow in the global eCommerce market. By switching to B2B, they will have the luxury of governing business across India – the world’s largest consumer market – instead of limiting themselves to a small portion of the country.B2B: Cost-Effective ...
Why indian wholesalers & traders must transform to B2B eCommerce – Part 1
INDIA boasts of the fourth largest market in the world with regards to B2B trading and traditional wholesales business. And yet, India’s wholesalers and B2B traders prefer the traditional business route, which involves dealing with higher quantity and invoice value. So why should traditional wholesalers switch to B2B eCommerce model? We explain in this article: Order Automation The traditional wholesale business operates on high quantities and high invoice value, as they sell ...
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