cxo voice
  • Home
  • Technology
    • AI
    • Cloud
    • Telecom
    • Data Center
    • BPM
    • Blockchain
  • Finance
    • Banking
  • Cyber Security
  • View Points
  • Leaders Talk
  • News
  • Press Release
    • Submit Press Release
No Result
View All Result
  • Home
  • Technology
    • AI
    • Cloud
    • Telecom
    • Data Center
    • BPM
    • Blockchain
  • Finance
    • Banking
  • Cyber Security
  • View Points
  • Leaders Talk
  • News
  • Press Release
    • Submit Press Release
No Result
View All Result
Leaders Talk and Latest Tech News | CXO VOICE
No Result
View All Result
Home News Business

Indian e-tailing market reached $60 bn in GMV in FY23

IANS by IANS
May 19, 2023
Indian e-tailing market reached $60 bn in GMV in FY23

The e-tailing market in India reached $60 billion in gross merchandise value (GMV) in FY23, a 22 per cent steady growth, a report showed on Friday.

With 210 million annual shoppers, ads monetisation contributed $1.2 billion in revenue for Indian e-tailers in FY23, growing at 37 per cent year-on-year, according to Redseer Strategy Consultants. “Despite losing momentum, e-tailing today is 2.5 times of pre-Covid levels and is performing much better than overall retail consumption, which has been tepid in the recent quarters due to inflation concerns,” said Mrigank Gutgutia, a partner at Redseer. E-tailing in India is gaining popularity with the increased proliferation of smartphones and the internet.

Direct-2-consumer brand growth has also spurred traditional players to take the digital route offering a competitive shopping experience and encouraging consumers to shop online. Monthly shopper base (MTU) which stood at 65 million in FY23 is now 31 per cent of the annual e-tailing shopper base — the same metric which was just 23 per cent in pre-pandemic era. “This goes to show that e-tailing user base is maturing and customers now shop online more frequently across a range of categories,” the report noted. “Strategic partnerships of e-commerce platforms with global and Indian brands along with a change in shopper mix and an increasing share of women shoppers has resulted in an explosion of fashion sales,” Gutgutia said. With 1.2 times better take rates, the revenue from product sales across India e-tailing has grown 3 times from $2 billion in FY19 to $6 billion in FY23. “Ad revenue is growing significantly faster than the overall digital ads market reaching a 15 per cent share of the digital ads market in FY23,” the report mentioned. “Flipkart Group has been resilient in terms of market share in the last few years (48 per cent in FY23) despite growing competition — and is especially growing much faster than industry in recent quarters,” the report added.

ADVERTISEMENT
IANS

IANS

For any query, [email protected]

Related Posts

Amazon Netherlands
Business

Amazon to invest $1.6 Billion in Netherlands over the next three years

October 27, 2025
Ericsson, Nokia, and Fraunhofer HHI
Business

Ericsson, Nokia, and Fraunhofer HHI Unite to Pioneer Next-Generation 6G Video Coding Standard

October 27, 2025
NetApp and Red Hat
Business

Red Hat Unveils AI-Powered Developer Lightspeed to Accelerate Application Development

October 24, 2025
DIB HCLTech partnership
Business

DIB Partners with HCLTech to Revolutionize Islamic Banking through Advanced AI Solutions

October 22, 2025
Chipmind
Business

Chipmind secures $2.5 million in funding for its AI agents to speed chip making

October 21, 2025
InterSystems and Google
Business

InterSystems and Google Cloud Integrate InterSystems HealthShare with Google Cloud’s Healthcare API

October 21, 2025
IBM and Groq
Business

IBM and Groq Partner to Accelerate AI Adoption with GroqCloud Integration for Businesses

October 20, 2025
Tata and Synopsys
Business

Tata Technologies and Synopsys Join Forces to Accelerate Software-Defined Vehicle Innovation

October 18, 2025
Load More
ADVERTISEMENT

Latest Updates

Amazon Netherlands

Amazon to invest $1.6 Billion in Netherlands over the next three years

by Deepa Sharma
11 hours ago

Ericsson, Nokia, and Fraunhofer HHI

Ericsson, Nokia, and Fraunhofer HHI Unite to Pioneer Next-Generation 6G Video Coding Standard

by News Desk
13 hours ago

Tech Mahindra Launches New Brand Identity, Ushering in a Future-Ready Era on 39th Anniversary

Tech Mahindra Launches New Brand Identity, Ushering in a Future-Ready Era on 39th Anniversary

by News Desk
3 days ago

NetApp and Red Hat

Red Hat Unveils AI-Powered Developer Lightspeed to Accelerate Application Development

by News Desk
4 days ago

Sophos ITDR

Sophos Launches Identity Threat Detection and Response (ITDR) System to Combat Rising Credential-Based Attacks

by Deepa Sharma
5 days ago

DIB HCLTech partnership

DIB Partners with HCLTech to Revolutionize Islamic Banking through Advanced AI Solutions

by Deepa Sharma
5 days ago

Expert Views

agentic AI threats
Cyber Security

Top 10 agentic AI threats, and how to defend against them

October 17, 2025
Your Face, Your Data: The Hidden Risks of Uploading to AI Tools
Cyber Security

Your Face, Your Data: The Hidden Risks of Uploading to AI Tools

October 7, 2025
AI in Hiring
Opinion

AI in Hiring: Separating the Hype from Real-World Use Cases

September 19, 2025
Why Even One Unpatched Device Can Be a Catastrophic Risk for Startups and SMBs
Cyber Security

Why Even One Unpatched Device Can Be a Catastrophic Risk for Startups and SMBs

July 25, 2025
Cyber Criminals
Cyber Security

How WormGPT Became ChatGPT’s Evil Twin

July 15, 2025

Get Latest Update

Subscribe to our mailing list to receives newsletter direct to your inbox!

ADVERTISEMENT

Leaders Interviews

Jagat Shah, Chairman & CEO of MITSUMI Group
Leaders Talk

Leadership in Emerging Markets: Exclusive Interview with Jagat Shah, Chairman & CEO of MITSUMI Distribution

-
Tokenization
Interview

Revolutionizing Finance: An Exclusive Interview with Sid Ugrankar, Co-founder of Qila.io on the Future of Blockchain and Tokenization

-
Steve Wilson, GenAI Cybersecurity LLMs
Cyber Security

How effective is GenAI in cybersecurity? The role of LLMs and AI in security solutions. [Interview with Steve Wilson]

-
Interview on Counterfeit products with Nikhil Narayan
Leaders Talk

Advancements in ML & AI made it possible to detect counterfeit products in real-time, says Nikhil Narayan

-

Entrepreneur

Persistent Gender Bias Clouds Perceptions of Leadership in Tech: Study Finds

Top Leadership Skills Entrepreneurs Need in the Age of AI

Samsung Electronics appoints its first female president

Inspiring Women Entrepreneurs in India (2022)

CXOVoice.com is a leading online publication for CXOs, entrepreneurs, senior leaders, developers, and industry professionals. Our coverage spans key sectors, including IT, technology, banking, finance, cybersecurity, engineering, and automobiles.

Connect with us

Easy Links

  • Cryptocurrency
  • Event
  • Blockchain
  • Press Release
  • Resources & Downloads

Write Us

[email protected]
  • Home
  • About Us
  • Contact Us
  • Advertise
  • Privacy & Policy
  • Feedback

Copyright © 2025 CXOVoice - All Right Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/

No Result
View All Result
  • Home
  • Technology
    • AI
    • Cloud
    • Telecom
    • Data Center
    • BPM
    • Blockchain
  • Finance
    • Banking
  • Cyber Security
  • View Points
  • Leaders Talk
  • News
  • Press Release
    • Submit Press Release

Copyright © 2025 CXOVoice - All Right Reserved