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eCommerce has a fantastic long-term global growth outlook. The total market today is huge – over $1Trillion and predicted to grow at 17% per year. And we are just at the beginning of the beginning. Online selling is well established in the US, but there are immense growth opportunities left in emerging markets.
Byjus – e-Commerce, Startup, Technology, Mobile, Digital India, Internet Retail, Social Media.
An Ed-tech company such as Byju's, which curates its courses and sells such courses on its platform, falls within the ambit of an inventory e-commerce entity.
Advantages Of E-Commerce. There's a reason vendors like Amazon choose to do business online. It gives them some unique advantages over their store-bound competitors. The biggest advantages are the low costs, the flexibility and speed, and the high levels of data.
Amazon takes the number one spot as the biggest consumer internet and online service company globally, with a market cap of approximately $1,735 billion.
Amazon has come a long way from its humble beginnings as an online bookseller. Since its launch in 1994, Amazon has grown to become an ecommerce behemoth. These days, it's one of the first places shoppers turn to buy anything from cleaning products to the latest tech gadgets.
TYPES OF COMMERCE. Business-to-Business (B2B) Business-to-Consumer (B2C) Consumer-to-Consumer (C2C) Consumer-to-Business (C2B)
K. Vaitheeswaran is the author of the recently released book “Failing to Succeed - the story of India's first e-commerce company” and is widely hailed as the 'father of e-commerce in India'. He co-founded India's first e-commerce company Fabmart.com (later rebranded Indiaplaza.com) in 1999.
The term business-to-consumer (B2C) refers to the process of selling products and services directly between a business and consumers who are the end-users of its products or services. Most companies that sell directly to consumers can be referred to as B2C companies.
Online selling and purchasing offer innumerable benefits to both sellers and buyers, and these advantages are also the reasons for the rising scope of eCommerce. As of 2017, the total value of the e-commerce business in India was USD 38.5 billion, according to IBEF, and it is expected to hit USD 200 billion by 2026.