Google News
spot_img

Online Festive Sale: Amazon, Flipkart make contradictory claims to grab the top spot

Must Read

The year’s first online festive sale saw rivals Amazon.in and Flipkart making contradictory claims with the US major asserting that it has secured 2X orders than its nearest competitor, while the homegrown player said it had 60-65 per cent market share during the three-day period.

According to a PTI report: Amazon.in hosted its ‘Great Indian Sale’ between January 21-24, while Flipkart held its ‘Republic Day Sale’ from January 21-23.

Citing Kantar IMRB data, Manish Tiwary, Vice President – Category Management, Amazon India was quoted by PTI as saying, “Amazon.in had the highest share of orders with 2X more orders than nearest competition” in the first three days of sale.

Also, Amazon.in had nearly double the number of transacting customers over its nearest competitor, he said.

Smrithi Ravichandran, Senior Director at Flipkart, countered Amazon.in’s statement saying Flipkart continues to maintain the lead as the largest e-commerce player in the country on the back of a stellar sale.

“During the 3-days period, our share of the e-tail market would be between 60-65 per cent,” she was quoted by PTI as saying.

Amazon is locked in an intense battle with SoftBank- backed Flipkart. Both companies have pumped in billions of dollars in expanding infrastructure and delivery capabilities.

Tiwary said the company acquired the highest number of new customers ever in one single event, outside of Diwali sales, with 85 per cent of the new customers coming in from tier II-III towns.

He added that there had been a strong uptake across categories including smartphones, large appliances and apparel during its sale.

“Smartphones were the most popular category with a sharp increase of 6X over a normal day…Large appliances also grew over 4.5X,” Tiwary was further quoted by PTI as saying.

Latest News

50% of our new clients are now through recommendations: Nikhil Aggarwal, founder, CRA Realtors

Nikhil Aggarwal talks about his journey, achievements and upcoming projects  New Delhi: Nikhil Aggarwal has been an advisor to 400...