Comments
Despite its aggression, Amazon is lagging behind rival Flipkart in India and has not made much headway in tier 2 and 3 cities, says a report by wealth management firm Sanford C Bernstein. Smaller cities which is where big growth in ecommerce lies account for less than 5 per cent of Amazon’s value, says the report. The Amercian ecommerce giant’s 2021 gross merchandise value in India was between $18 billion and $20 billion, compared to Flipkart’s $23 billion, said the analysts. Regulations have held back Amazon, even as players like Meesho record growth.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.