Home > Business > Annualised GMV for e-commerce firms in India dips 10% in Q2

Annualised GMV for e-commerce firms in India dips 10% in Q2

 PTI |  2016-08-25 21:44:46.0  |  New Delhi

Annualised GMV for e-commerce companies in India fell 5-10 per cent in the second quarter of 2016 to $13 billion, impacted by fewer discounts by players like Flipkart and Snapdeal, research firm RedSeer said on Wednesday. “While there was a strong growth pattern in calendar year 2015, the annualised gross merchandise value (GMV) run rate for the Indian e-tailing industry dropped sharply in size in both quarters of 2016 till date,” RedSeer Consulting Founder and CEO Anil Kumar told reporters here.

PTI

PTI

Millennium Post Contributors help bring you the latest news around you.


Share it
Top