E-commerce company Flipkart today announced that it has more than 75 million registered users.
Flipkart has 45 percent market share which is equivalent to the combined market share of the next three players such as Snapdeal, Amazon and Paytm, according to a recent Morgan Stanley report.
75 million registered users assists Flipkart to become the first online retail marketplace to reach this milestone in a single country after United States and China.
According to Morgan Stanley, the number of online shoppers in India is 50 million, while Assocham- PwC report says 55 million people purchased something online in 2015.
With 75 million users, Flipkart’s registered customer base stands at over 60 percent of the entire wireless and wireline broadband connections in India.
According to TRAI, the number of broadband connections in the country is around 121 million. This announcement closely follows another recent milestone where Flipkart became the first Indian app to have crossed the 50 million installs mark on the Android Playstore.
Over 50 percent of the traffic on Flipkart comes from non-metros.
The Morgan Stanley report on Ecommerce in India in February 2016 said that India ecommerce will grow faster than any other country for the next three years. The same report placed Flipkart as the undisputed number one ecommerce company in India with 45 percent.