Top 10 Best eCommerce Companies in India
India’s eCommerce landscape has experienced remarkable growth over the past decade, driven by increasing internet penetration, smartphone adoption, and a burgeoning middle class. As a result, numerous companies have emerged, offering a wide range of products and services. Here’s a look at the top 10 best eCommerce companies in India that have made a significant impact on the market, along with insights into their funding, revenue, and how they operate.
1. Flipkart
Founded: 2007
Acquisition: Walmart (2018)
Funding: $7.7 billion (total)
Revenue: Over $6 billion (FY2023)
Initially starting as an online bookstore, Flipkart has expanded to offer a diverse range of products including electronics, fashion, home goods, and more. With Walmart’s acquisition, Flipkart has enhanced its logistics and supply chain, making it a formidable competitor in the Indian market.
Key Features:
- Wide product range
- Easy return policy
- Strong customer service
2. Amazon India
Launched: 2013
Investment in India: Over $6.5 billion
Revenue: $20 billion (2022, globally attributed to India)
Amazon quickly gained traction in India by offering an extensive selection of products, competitive pricing, and reliable delivery services. With innovations like Amazon Prime, the company has solidified its position as a major player in the Indian eCommerce sector.
Key Features:
- Amazon Prime benefits
- Vast product assortment
- Efficient delivery network
3. Myntra
Founded: 2007
Acquired by: Flipkart (2014)
Funding: Part of Flipkart Group
Revenue: Over $500 million (FY2023)
Myntra focuses on apparel, accessories, and beauty products. It stands out for its curated collections and collaborations with various fashion brands, making it a favorite among fashion-conscious shoppers.
Key Features:
- Trendy fashion collections
- Personal styling services
- User-friendly app
4. Snapdeal
Founded: 2010
Funding: $1.7 billion
Revenue: $150 million (FY2023)
Snapdeal started as a daily deals platform and evolved into a full-fledged marketplace. It has maintained its relevance by focusing on tier 2 and tier 3 cities.
Key Features:
- Focus on value-for-money products
- Diverse seller base
- Strong presence in smaller cities
5. Paytm Mall
Launched: 2017
Part of: Paytm Ecosystem
Funding: $800 million
Revenue: $130 million (FY2023)
Paytm Mall combines the benefits of eCommerce and mCommerce, allowing users to shop using the Paytm wallet. Frequent promotions and cashback offers make it a popular choice.
Key Features:
- Integration with Paytm wallet
- Attractive cashback offers
- Extensive product categories
6. Ajio
Launched: 2016
Parent Company: Reliance Industries
Funding: Part of Reliance Retail’s $6 billion investments
Revenue: $700 million (FY2023)
Ajio offers trendy fashion collections and exclusive brands, targeting both urban and semi-urban consumers with stylish clothing at affordable prices.
Key Features:
- Exclusive brand collaborations
- Trend-driven collections
- User-friendly interface
7. Tata Cliq
Launched: 2016
Parent Company: Tata Group
Funding: Self-funded by Tata Group
Revenue: $120 million (FY2023)
Tata Cliq focuses on offering authentic products across categories like electronics, fashion, and home goods. Its “phygital” model blends online shopping with in-store experiences.
Key Features:
- Authentic products from trusted brands
- Unique “phygital” shopping experience
- Good return policy
8. BigBasket
Founded: 2011
Acquisition: Tata Group (2021)
Funding: $526 million
Revenue: $1 billion (FY2023)
BigBasket caters to the growing demand for convenient grocery shopping. Its robust supply chain and efficient delivery system have made it a household name.
Key Features:
- Wide range of grocery items
- Same-day delivery options
- Subscription services for regular users
9. Zivame
Founded: 2011
Funding: $62 million
Revenue: $60 million (FY2023)
Zivame specializes in lingerie and intimate wear. Its online fitting room and personalized recommendations make shopping for lingerie easier and more comfortable.
Key Features:
- Extensive size range
- Online fitting room feature
- Focus on customer privacy and comfort
10. Licious
Launched: 2015
Funding: $490 million
Revenue: $250 million (FY2023)
Licious is a game-changer in the online meat and seafood delivery segment. Its strong emphasis on quality and hygiene has built a loyal customer base.
Key Features:
- Fresh and high-quality products
- Strict hygiene standards
- Variety of meat and seafood options
How to Apply and Eligibility
Most of these eCommerce companies have customer-friendly apps or websites where you can easily shop or partner. To join as a seller or partner, companies like Flipkart, Amazon, and Paytm Mall have online registration forms. Eligibility criteria generally include valid business licenses, GST registration, and adherence to platform policies.
Interest Rates: While shopping, EMI options are offered by platforms like Amazon and Flipkart, with interest rates ranging from 0% (no-cost EMI) to 15% depending on the financing partner.
