Hotline: 1800 102 2007
X
Search Business Opportunities
2014-03-27

50% of business coming from tier II & III cities: eBay India

Growing Internet and smartphone penetration, rising income levels among others are helping the small cities in India to rise on the e-commerce roadmap with online market place giant eBay experiencing 50 per cent of its business coming from the tier II and III cities.

Growing Internet and smartphone penetration, rising income levels among others are helping the small cities in India to rise on the e-commerce roadmap with online market place giant eBay experiencing 50 per cent of its business coming from the tier II and III cities. 

 

Besides, the US-based firm today unveiled a report -- Commerce 3.0 -- which revealed that Indian sellers on eBay are exporting merchandise to 31 international markets with the US, the UK and Australia being the main trading partners. 

 

According to the eBay report, Internet-enabled trade is providing a level playing field to small entrepreneurs. 

 

"India is experiencing tremendous growth and the potential it has is very promising. We are seeing almost 50 per cent of the business coming from tier II and III cities," eBay India Managing Director Latif Nathani said. 

 

Elaborating on the Commerce 3.0, he said the report analyses the critical role being played by new technologies in revolutionising the way India buy and sell. 

 

Through this report eBay aims to highlight the abundant opportunities offered by internet-enabled trade in India. E-commerce allows small retailers to become micro- multinationals, small businesses with global customers, he added. 

 

"Over 98 per cent of eBay sellers export in contrast with only 10 per cent of traditional firms," the report said.

 

Today the US, the UK and Australia are India's main trading partners on eBay, while Australia and Russia are experiencing the largest export growth from India, it added. 

 

"With domestic sellers on eBay India reaching out to an average of a 19 states across the country, eBay boosts interstate trade in India," the report said. 

 

Sellers located in Delhi and Maharashtra by far dominate as the largest net exporters within India. Kerala, Karnataka and Andhra Pradesh are the largest net consumers.

 

"The full potential of Internet-enabled trade has not yet been realised, eBay's report said adding that the trade needs an enabling policy environment.

 

It is currently subject to a wide range of restrictions and faces trade barriers, especially for cross border transactions, it added.

 

According to industry estimates, India's e-commerce sector is expected to account for 7 per cent share of the country's retail market amounting to $60 billion by 2023. The size of the industry was $1.5 billion in 2012 (exclusive of tickets) and grew to $2.5 to 2.8 billion in 2013. The number of online shoppers has more than doubled to 20 million shoppers in 2013 from 8 million in 2012.

Related opportunities
  • Activity Centres, Day Care & Creches
    About Us: First  Five provides quality early education for young children..
    Locations looking for expansion Maharashtra
    Establishment year 2007
    Franchising Launch Date 2015
    Investment size Rs. 20lac - 30lac
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater pune Maharashtra
  • Bakery & Confectionary
    About Us:  Established in 2006, Oya kekars is hugely popular pastry..
    Locations looking for expansion Maharashtra
    Establishment year 2006
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Beauty Salons
    Studio99 – Unisex Salons & Spa A journey from Coffee Shop..
    Locations looking for expansion Delhi
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi Delhi
  • Others Entertainment & Leisure
    About Us: The 3D Studios aims to bring one such unique..
    Locations looking for expansion Andhra pradesh
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Shaikpet Andhra pradesh
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts