Add to Calendar2016-08-25 10:00:002016-08-25 10:00:002016-08-25 22:00:00Asia/ColomboGolden Cart Summit & AwardsBW Businessworld’s e-commerce Summit and Awards aim to provide a platform to discuss, debate and deliberate upon the strengths, opportunities and challenges of the online marketplace in India. Also, through awards Businessworld will recognise excellence in e-commerce services in India, acknowledge and celebrate the leaders and leaders-in-making of the Indian e-commerce spectrum.
Meet ecommerce leaders from sectors including: Banking Services; Children's Clothing, Equipment & Toys; Leisure, Entertainment & Sport; Grocery; Beauty; Home & Garden, DIY & Tools; Clothes, Shoes & Fashion accessories; Government/Public Sector; Telecommunications; Travel & Holidays; Electronics; Mobile Wallets; Health; automobileThe Leela Ambience, Gurgaon BW Businessworldtanvie@businessworld.inprivate
India is adding three internet users per second and is already the second-largest internet user base globally. Multifold growth of the smartphone users and increased penetration of the internet across the country has resulted in the northward spike of the trajectory and has collaboratively put the Indian e-commerce marketplace pegging at USD22 billion, slated to grow over 36% by 2020.
With the major working population of the average age of 29 years, e-commerce companies have a large potential and a huge market to penetrate within the Indian contours. Going niche, catering to the specific requirements or a sub-segment of the consumers and their needs is the new trend being witnessed and hence vertical e-commerce sites are the new kids on the block. Same day delivering on the verge of becoming a norm, smartphone revenues set to overtake the desktop revenues and digital stores taking over the brick-and-mortar, Indian online marketplace is touted to be the next most lucrative industry sub-segment.
The ability to shop online for products and services from all over the world is one of the most potent symbols of today’s globalised world. Naturally, for e-merchants, this channel represents a never-ending source of customers, limited only by access to internet and purchasing power.
Rise of Vertical E-commerce Industry in Indian Spectrum
With manifold increase in the online marketplaces catering to specific requirements for a niche clientele in order to provide better customer experience, Indian Marketplace is witnessing the transition.