India’s e-tailing market in 2011 was about $600 Mn and is expected to touch $30 Bn by 2015 and $70 Bn by 2020 at an estimated CAGR of 61%. According to Forrester, this growth is the fastest within the Asia-Pacific Region and a ComScore “State of eCommerce” report (September 2012) states India adds over 18 million internet users annually growing at a rate of 41%. Read More at YourStory.in
Application for e-Sparks 2013 are closed.
YourStory Announces e-Sparks 2013! What are Indian e-commerce Companies Doing in 2012/2013?
According to some estimates, online shopping in India will cross $30 billion by 2015, with a user base of 300 million Internet users. Currently there are an estimated 120 million Internet users in India, of which upto 20 million have performed online transactions. India is among the top three fastest growing internet markets in the world. Despite industry shakeout and consolidation, more players are entering the e-commerce fray with new segments opening up, thanks to mobile Internet and consumer aspirations in smaller towns and cities of India. Consumers from Tier 2 and Tier 3 cities have seen many global brands and the ease of shopping from the comfort at home or from anywhere via mobile devices. has reached many homes in India.
Seeing this opportunity, a fair number of Indian entrepreneurs have taken to e-commerce, and as of today, India is home to a thriving e-commerce ecosystem. It is a hot topic in India with everyone having an opinion about it but it is an undeniable fact that e-commerce businesses are here to stay.
2011 saw some very optimistic signs for e-commerce in India and hence we conducted e-Sparks, an event that brought all the e-commerce players in the Indian ecosystem together and showcased the top ventures. e-Sparks 2011 witnessed participation from 250 e-commerce startups from across India, and was attended by over 500 high quality delegates. The discovery startups included the likes of Ola Cabs and TravelYaari.
The first edition of e-Sparks successfully brought together the entire e-commerce ecosystem in one forum, including investors, corporate partners, e-commerce service providers and media. We are now back with the second edition of e-Sparks, and the timing is even better this time! Contrary to popular perception, opportunities in e-commerce in India are still ripe and the industry has huge potential for disruptive innovative, despite all the apparent challenges.
e-Sparks 2013 by YourStory and sponsored by Microsoft intends to showcase some of the emerging players in the e-commerce sector. Along with the showcase, there will be an assortment of industry leaders, successful entrepreneurs, investors and enablers from the e-commerce sectors, engaging in panel discussions, keynote talks and Q and A sessions with the audience.
Join us for the event and stay updated about the latest in e-commerce. Also, as a run up to the event, we’ll bring to you some rich content that’ll keep you abreast of trends and news in the e-commerce sector.