Flipkart sell products worth Rs 1,400 crore on Monday marking a new high for retail sales on a single day as India’s ecommerce companies wooed customers with a plethora of offers in the ongoing festive sale season.
Rs 1,000-crore mark was a milestone for the company, which began life by selling books nine years ago. It is the first instance of any of the domestic online retailers publicly sharing gross sales, or GMV, numbers during the sale season.
Both Amazon and Snapdeal have so far only put out units sold during their annual sale events, steering clear of giving out gross sales.
“This number is far more compared to how much the modern Indian retail industry clocks daily (Rs 1,070 crore), signalling the evolution of e-commerce and its adoption among consumers,” said Bansal, who stepped into the CEO position earlier this year.
Industry estimates suggest that collectively local e-tailers will garner around Rs 12,000 crore in sales during the muchpublished festive season against Rs 7,000 crore a year ago, managing to grow the market significantly .