e-commerce websites 2021-10-04

Flipkart, Amazon Log Record Early Sales as Festive Week Begins

The e-commerce players are expected to clock sales worth $4.8 billion (Rs 33,600 crore) in the festive week.

By Content Writer
Flipkart, Amazon Log Record Early Sales as Festive Week Begins

Leading e-commerce players Amazon and Flipkart on Sunday said early trends during their respective festive sales - kicked off from October 3 - reflected upbeat consumer sentiment and the growth for micro, small and medium enterprises (MSMEs) and sellers.

The e-commerce players are expected to clock sales worth $4.8 billion (Rs 33,600 crore) in the festive week. Flipkart said it saw a 40 percent growth in early access for Flipkart Plus customers as compared to last year, as the commerce platform kicked off the 8th edition of 'The Big Billion Days' (TBBD) festive sales.

More than 2 million customers pre-booked close to 5 million products just prior to early access by paying just Re 1. Nearly 45 percent of customer demand has been from tier III cities and beyond, signaling a strong preference for high-value goods/ items, Flipkart said in a statement.

"This year, TBBD has started off seeing upbeat participation by customers and sellers. We will expand and strengthen our ecosystem of sellers and MSMEs, enabling better income and livelihoods for millions and expand our reach across the country," said Nandita Sinha, Vice President, Customer, and Growth, Flipkart.

One in five customers has chosen to exchange their smartphone for a new one, with 82.60 percent of customers choosing to pay for their next smartphone using prepaid payment options. Apple 12 and Apple 12 Mini are currently the favorite smartphone models, accounting for most of the 2 lakh Apple iPhone 12 devices sold so far.

"The pent-up demand for large appliances and electronics is evident from the fact that TVs are the largest-selling category in home appliances, with laptops recording top numbers in electronics," the company said.

Flipkart said it has onboarded over one lakh kiranas to date for its last-mile delivery program. On the other hand, Manish Tiwary, Vice President, Amazon India said that the 'Great Indian Festival 2021' received a strong start, with millions of customers buying from small sellers listed on Amazon.in, including local shops, start-ups and brands, artisans, weavers, and SMBs.

"During Prime Early Access on Oct 2, the number of local shops participating in the event more than doubled compared to last year. We also saw a 60 percent increase in sellers who received their highest-ever single-day sales year-on-year on amazon.in," Tiwary said in a statement.

The number of sellers receiving an order from Tier II and III cities jumped by 21 percent and 16 percent more sellers received orders over last year.

"Prime subscription continues to be a customer favorite across India, with two out of three new Prime sign-ups coming from Tier II/ III cities and customers shopping in 8 Indian languages," Tiwary said.

Indians are expected to buy goods worth a whopping $9 billion (Rs 64,000 crore) across online platforms in the festive season (October-December) this year, according to the latest data from the Bengaluru-based market research firm RedSeer.

 

इस ख़बर को पढ़ने के लिए यहां पर क्लिक करें

Click Here To Read The Original Version Of This News In English

 

Comment
image
image
mobile
address
star franchise india
Related opportunities
  • Tea And Coffee Chain
    About Us: ChaiGhar is a local finger-food and refreshment outlet that..
    Locations looking for expansion Delhi
    Establishment year 2020
    Franchising Launch Date 2020
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Fashion Accessories - Women
    About Us: Triumph has been crafting lingerie for over 130 years,..
    Locations looking for expansion Maharashtra
    Establishment year 1986
    Franchising Launch Date 2019
    Investment size Rs. 50lac - 1 Cr.
    Space required 700
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Fine Dine Restaurants
    About Us: We are an authentic pan Asian restaurant having the..
    Locations looking for expansion Delhi
    Establishment year 2019
    Franchising Launch Date 2020
    Investment size Rs. 10lac - 20lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Others Food Service
    About Us: Happy Moments was founded in 2016. The partners of..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Kandivali west Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities
More Stories

Free Advice - Ask Our Experts

pincode
;
ads ads ads ads