Flipkarts ecommerce store is currently the most popular online shopping destination in India.
In the past three months, Flipkars ecommerce website has increased its revenue by more than 200% from Rs 13,000 crore to Rs 50,000 crores.
In March 2017, FlipKart had launched its online store.
In July 2017, it became the second largest ecommerce platform with over 1,500 stores.
The ecommerce giant’s success has led Flipkarns chief executive Anil Agrawal to talk about ecommerce as a ‘new frontier’.
Agrawals vision of ecommerce is a world where ‘everybody is shopping’, where consumers ‘know what they want’, and where ‘everything is bought with credit card, debit card, Paytm’.
The online store is the ‘next frontier’ of e commerce for Flipkarss and the company is looking to become the largest e commerce destination in the world.
According to Agrawas, ecommerce has ‘always been the most important sector of the economy of India.
But in the past few years, the scale of eCommerce has increased exponentially.
So now, what we need to do is to be more aggressive in the ecommerce space and make our platform the best in the business.
“We have to have a more aggressive focus in the marketplace.
And the best way to do that is to have more online stores, more ecommerce, more merchants and more online customers.
It’s an entirely new era for the eCommerce industry in India,” he added.
According to Agra, e commerce is a $6 trillion industry in the country.
He said the e commerce industry has more than 10 million merchants across 180 countries.
The total revenue of the e Commerce industry in FY17 was Rs 40,000,000.
The growth rate of the market in the last three years is more than 5% per annum, according to an Indian Economic Times report.
Agrawal has been pushing Flipkard to become a more mainstream ecommerce business.
He recently launched the Flipkarthans ecommerce app, which enables shoppers to search for and purchase products and services online.
The app has a mobile app for customers to download and use.
In March, the company launched the first Flipkandart store in the city of Pune, a city which is close to the Indian capital.
With the launch of the first store, the e shop was the largest online retailer in the Indian city of Mumbai.
According, Flipktop is now the most visited ecommerce destination in Mumbai and has increased the total traffic on its website by nearly 30% in the first six months of 2017.
The ecommerce company has also announced a series of initiatives aimed at increasing its online sales in the state of Goa.
Earlier, Agrawa had launched the eShopGo project in Goa which helps consumers to purchase products online.