How India’s Online Marketplaces Brought Start-Ups To The Bazaar

It is fair to say that India was a little late to the e-commerce party. Until recently, low rates of internet penetration among both consumers and smaller businesses alike held back online sales. Now, however, business is booming, particularly for marketplaces – new research suggests India’s online marketplaces could be making sales worth as much as $350 billion a year by 2027.

That forecast, from a new report published jointly today by consultant Bain & Company and the global venture capital investor Accel, would represent a tripling of the size of the market from current levels. Online marketplaces currently generate a little over $100 billion of sales, Bain and

→ Continue reading at Forbes - Startups

More from author

Related posts

Advertisment

Latest posts

The Tantalizing Mystery of the Solar System’s Hidden Oceans

The original version of this story appeared in Quanta Magazine.For most of humankind’s existence, Earth was the only known ocean-draped world, seemingly unlike any...

The Role of Scholarships and Grants in Financing Education

Applying for scholarships and grants helps students pay for college. In some situations, these awards allow people to obtain a degree they wouldn't be...

EV, hybrid and gas-powered: Some interesting cars coming in 2024 | CNN Business

CNN  —  Next year will see the introduction of some new, genuinely affordable electric vehicles as well as...