E-Commerce is the inevitable future of Indian Retail Space...

E-Commerce is the inevitable future of Indian Retail Space...

Its better than late for Indian Retail to foray into E-Commerce Space

Pegged at $ 2 Bn today, Indian E-Retail is ready to explode and targeting $ 10 Bn in 3 to 4 years. If we include online ticketing and bookings the industry is $ 12 Bn and targeting $ 100Bn in next 10 years.This space has gained confidence of Investors and funds are poring like never before to give Indian Online Retail start ups scalability and sustainability. In all there are 80 odd companies in this space majorly small start-ups but the 90% of market is divided amongst the four majors Flipkart, Snapdeal, Jabong & Myntra.
It’s high time now,  Indian Small-time Retailers must adopt Marketplace Model of online Retail for the growth of their Retail Business or simply for the sake of sustainability in coming times. The compulsive reasons for this adoption are as follows:-

1. The kind of sales being racked up by online sites, the initiative could be regarded as protection from the inevitable obsolescence of brick-and mortar retail through a click and-mortar strategy.
2. Getting into online shopping is critical for future growth.
3. Online Model  gives scalability to any offline business. Examples are small-time retailers doing business 4-5 Crs Annually from their retail outlets now clocking upto 70-75 Crs from Online Marketplace Model.
4. Adding to the exuberance is market-leader Flipkart.com saying earlier this month that it could achieve $1 billion in revenue this year itself, a whole year earlier than previously expected. When it reaches that milestone, sevenyear-old Flipkart’s sales will be almost 40% of the  15,500-crore revenue of India’s largest retail conglomerate Future Group, which has been in the business for almost 17 years and runs a nationwide network of more than 1,000 stores.