INDIAN E-COMMERCE COMPANIES MAKING MILLIONS & CRORES OF LOSSES EACH MONTH … IS THIS SUSTAINABLE?
India’s eCommerce market should hit USD 11 billion or nearly Rupees 73,000 crores by year end. There is intense fight for market share and dominance among the well known players. However, most if not all companies are bleeding crores of losses each month. Per estimates, Amazon is losing an estimated Rupees 170 crores each month, Paytm is is losing an estimated Rupees 100 crores each month and Snapdeal lost nearly Rupees 1,400 crores last month. Just to note, these are real losses funded by investor equity funding.
- 16 Dec 2015