Combined losses of Flipkart, Amazon and Snapdeal stand at Rs 11, 754 crore; it is the annual budget of Indian space agency
Key Takeaways from this article
Intense competition, advertising spend, discount and seasonal sales are the major reasons for revenue losses.
While all 3 top e -comm players recorded loses, Google and Facebook where most of the digital spends go and delivery/logistic companies have gained profits.
According to experts there is no place for 4-6 major e-commerce players with the same business model to exist in a market like India.