Report: Amazon India Worth $16B With 30% Market Share, Will Hit $70B GMV In 2027

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Report: Amazon India Worth $16B With 30% Market Share, Will Hit $70B GMV In 2027

Amazon India is currently worth $16 billion and has the same 30% marketshare as local competitor Flipkart, according to a new report from Citi Research. That’s in a country which has a $2.6 trillion GDP growing at 6-7% annually.

Flipkart, of course, just accepted a $16 billion investment from Walmart for a 77% share of the company.

“After disappointing results in China, Amazon – led by its founder/CEO Jeff Bezos – has been determined to win in India,” say report authors Mark May and Hao Yan. “India is poised to be one of the largest and fastest e-commerce growth markets for the next decade.”

Get the full story in my post at Forbes …


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