E-commerce or electronic-commerce is one of the trending startup business idea which provides sellers with a global reach. It is the fastest growing domain out of the other domains (online or offline ). It has removed the barrier of place (geography). It has bloomed over the years and this can be easily seen in India itself.
India has e-commerce giant like ‘Flipkart’ , ‘Amazon’ & ‘Snapdeal’ etc.. They captured the whole India, delivering to all the pincodes of India. The payment features that are smart and secure as well as the cash on delivery (COD), which makes the payment, even more, safer with hassle-free shipping, easy returns and reach out with the large amount of discounts and cashbacks. These points make people to buy items online from these platforms.
Now talking about scope for a new startup company in the field of e-commerce.
It is very difficult to enter and compete in this market with these big giants.
These big giants are providing a large amount of discounts with cashbacks, that a new company in this field cannot provide without funding.
These big giants are more trusted by the people. This is due to more experience and discount and quality.
Funding is the most important thing in the early startup phase and that too most crucial in the e-commerce. Once funding is not provided to these companies, they get vanish from the competition
Eg: - Shopclues ‘ and ‘ Ask me Bazaar ‘ are no more in this competition of e-commerce.
Flipkart reported that its net loss increased 86% to Rs 3,835 crore during the same fiscal and Amazon Seller Services' loss during fiscal year 2018-19, Rs 6,287 crore in the previous year. So,
There is very less scope in the e-commerce startup market, as it requires a large amount of funding which is to be used on the potential customer by giving them more discounts and cashbacks.
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