Hyderabad: Snapdeal, India’s leading value-focused e-commerce platform, is making rapid progress in its mission of taking India’s bazaars online and currently has more than five lakh registered sellers from across the country, said Rajnish Wahi, senior vice-president ,corporate affairs and communications, Snapdeal here on Thursday.
Addressing at a press conference, Wahi said “In India, 10 per cent of the retail is in the organised sector and remaining India’s retail is serviced by the unorganised sector the various bazaars that are common in each and every state and city in the country.”
In the past, unorganised retail was adversely impacted by organized retail and had no recourse, he said Snapdeal has built a pure marketplace to provide these sellers (unorganised retail) with an opportunity to move online in order to grow. India’s consumption is US 800 billion dollars, which is growing consistently and will reach US two trillion dollars by 2025, he claimed and said that online commerce is nearly two per cent of India’s retail and will reach 10 per cent by 2025. Thus, the online market in India will be worth US 200 Billion dollars in the next seven years.
Snapdeal has played a steady and consistent role as a neutral platform that enables small and medium businesses to commence and grow their online businesses, he claimed and said India’s enterprising SMEs, who are growing their online operations rapidly to cater to the 100 million Indian shoppers, who are already online.
Andhra Pradesh and Telangana have a huge base of sellers on Snapdeal while Cuddapah-based sellers are the highest sellers of general medical equipment like thermometers, BP and heart rate monitors and diabetic care products on Snapdeal, he informed.
Kurnool-based sellers sell large quantities of smartwatches, bluetooth devices, cable chargers, speakers, headphones and earphones. While Hyderabad-based sellers specialise in motherboards, RAM, laptop batteries, laptop adapters, internal hard drives, cartridges, toners and other computer accessories, he further said.
Referring buyers on the e-commerce market in India, he stated in 2018, India’s e-commerce heralded the rapid emergence of buyers from India’s Tier 2 and 3 cities and this growth of e-commerce into India’s non-metro cities is accelerating in 2019.
Currently, online shoppers in India is about 100 million, Rajnish said the next 100 million e-commerce buyers are also now entering the online markets and they are a very diverse set. Thus, India will see a big explosion of new online buyers.
In Andhra Pradesh and Telangana, Snapdeal covers all major pin codes across the states.
Snapdeal is a pure marketplace with options at multiple price points, extensive buyer reviews and ratings from buyers of the product, he further stated.
More than 77 million users visit Snapdeal every month to browse through and buy from nearly 190 million SKUs listed on the platform by more than 500,000 registered sellers, he added.