Top 5 Promising New E-commerce Companies to Watch Out for in India
The e-commerce industry in India has seen a significant rise in recent years, thanks to the increasing awareness and adoption of online shopping among the masses. With over 1.3 billion people and a growing middle class, India continues to attract e-commerce companies from around the world. In this article, we take a look at the top 5 promising new e-commerce companies that are making waves in the Indian market.
1. Meesho
Meesho is a social commerce platform that empowers users to start their own online business without any investment. The company offers a wide range of products, including apparel, accessories, beauty products, and home decor items. Meesho leverages the power of social media to enable users to interact with their customers, showcase their products, and close sales seamlessly. Since its launch in 2015, Meesho has raised over $215 million in funding and serves over 13 million entrepreneurs across India.
2. Nykaa
Nykaa is an online beauty retailer that offers a wide range of products, including makeup, skincare, hair care, and fragrances. The company was launched in 2012 by Falguni Nayar, a former investment banker. Nykaa has since become one of the leading e-commerce companies in India with over 1400 brands on its platform. With a loyal customer base and a carefully curated product range, Nykaa is poised for further growth in the Indian market.
3. Delhivery
Delhivery is a logistics company that provides end-to-end e-commerce solutions, including warehouse management, inventory management, and last-mile delivery. The company was founded in 2011 and has since grown to become one of the largest e-commerce logistics providers in India. In 2019, Delhivery raised $413 million in funding from SoftBank Vision Fund, making it one of the most funded e-commerce logistics companies in the world.
4. Udaan
Udaan is a B2B e-commerce platform that connects manufacturers, wholesalers, and retailers across India. The platform offers a wide range of products, including fashion, electronics, and home appliances. Udaan was launched in 2016 by former Flipkart executives and has since become one of the fastest-growing e-commerce companies in India. The company has raised over $670 million in funding and serves over 2 million retailers across 900 cities in India.
5. PharmEasy
PharmEasy is an online pharmacy that offers a wide range of medicines, healthcare products, and services. The company was launched in 2015 with the aim of making healthcare more accessible and affordable in India. PharmEasy has since become one of the largest online pharmacies in India, serving over 4 million customers across the country. With a robust supply chain and a strong focus on customer experience, PharmEasy is well-positioned to capitalize on the growing e-pharmacy market in India.
Conclusion
The Indian e-commerce landscape is constantly evolving, with new players entering the market and existing players expanding their offerings. The top 5 promising e-commerce companies mentioned in this article are just a few examples of the innovative and disruptive companies that are driving growth in the Indian e-commerce industry. From social commerce platforms to e-pharmacies, these companies are leveraging technology and customer-centric approaches to transform the way people shop online in India. As the market continues to grow and mature, we can expect to see more such companies emerge, offering new and exciting opportunities for e-commerce investors and consumers alike.
