Flipkart is e-commerce market leader in India, says Naspers report

Bengaluru: South Africa’s Naspers Ltd, the second-biggest investor in Flipkart, has indicated that the Indian e-commerce poster boy is the market leader in the country’s $15-billion online retail market—a claim that arch-rival Amazon India has disputed.

According to Naspers’ latest annual report, Flipkart’s share of monthly gross merchandise value (GMV) stood at roughly 57% in March, up from 45% in June last year. Naspers’ numbers are based on Flipkart’s estimates.


read more- LIVEMINT