Hi-TechTechnology

Amazon, Flipkart sales generate Rs 19,000 cr in 6 days

Led by Amazon and Flipkart, e-tailers in India achieved a record of $3 billion (nearly Rs 19,000 crore) of Gross Merchandise Value (GMV) in the first six days of the festive sale from September 29-October 4, a new report said on Tuesday.

Walmart-owned Flipkart and Amazon dominated 90 percent of the market share during the six-day sale event, said Bengaluru-based research firm RedSeer Consultancy.

Given the momentum seen in the first edition of the festive sale, the entire month of October is expected to generate up to $6 billion (Rs 39,000 crore) in online sales, almost shared by Amazon and Flipkart.

View more…

Leave a Reply

Your email address will not be published. Required fields are marked *