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What was the initial investment of Flipkart?
The initial development budget of Flipkart was INR ₹400,000 (US$5,300). It later raised funding from venture capital firms Accel India (receiving US$1 million in funding in 2009) and Tiger Global (US$10 million in 2010 and US$20 million in June 2011).
Is Alibaba eCommerce?
Alibaba.com is one of the best ecommerce platforms for both suppliers and retailers looking for ways to distribute their products and services to several people across the globe.
Which eCommerce is best in India?
Top 10 Ecommerce Sites in India
- Amazon India. Estimated number of monthly visitors: 322.54 million.
- Flipkart. Estimated number of monthly visitors: 242.62 million.
- Alibaba. Estimated number of monthly visitors: 175.95 million globally (4.19 percent in India)
- Snapdeal.
- Myntra.
- IndiaMART.
- Book My Show.
- Nykaa.
What is e commerce business model?
In eCommerce, there are five different B2C models: direct sellers, online intermediaries, advertising-based, community-based, and fee-based. Direct selling is the most common model. It is when consumers buy products from online retailers.
Why Flipkart is the best e-commerce platform?
Flipkart aims to establish a global recognition as one of the leading e-commerce platforms. Since the initial launch in 2007, Flipkart has built a sound relationship for their loyal customers and followers. Flipkart ensures to provide its customers with the best deals and offers that are more beneficial as compared to other competitive companies.
How much does it cost to start an ecommerce business in India?
To start an e-commerce venture, you need at least Rs 1 lakh to register a private limited company, say experts. However, the cost varies depending on the scale and categories of the product that you want to sell and the kind of business model you adopt.
What do you need to start an e-commerce business?
While family still remains a hurdle, an entrepreneur needs to look at a host of other things such as legal permissions, finding the right business model, efficient delivery and payment mechanisms to build a successful e-commerce company. To start an e-commerce venture, you need at least Rs 1 lakh to register a private limited company, say experts.
Is your e-commerce project ready for a first year budget?
For the small-business entrepreneur, a first-time E-commerce project can generate a few unpleasant budget surprises. Some of your project’s budget elements may be self-evident, but a few are less obvious. An experienced and reputable E-commerce developer should work through a complete ‘first year’ budget with you before your project begins.