Entrackr- Upcoming startups in India

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Entrackr

• Upcoming startups in India

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Growing Advantage for Snapdeal as Chinese
e-tailers pack their bags

• Looks like an opportunity for upcoming startups
  in India, As Chinese e-commerce platforms like
  Shein, Club Factory and Romwe out of the image
  thanks to the recent ban on 59 Chinese apps,
  homegrown e-commerce companies like Snapdeal
  targeting the value-conscious customer may be
  within the gain.
• The SoftBank-backed company, together with
  upcoming startups in India, has been witnessing a
  rise in traffic, said three sources. per them,
  the void created after the exit of Chinese
  e-commerce apps is anticipated to be filled by
  the likes of Snapdeal, Meesho, GlowRoad et al.
  Sources emphasized that Snapdeal has started
  witnessing a spike in volume in categories like
  fast fashion, home decor and lifestyle
  accessories. Over the last two years, Shein, Club
  Factory and Romwe had managed to create a clear
  scale in these categories collectively.

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Startup Funding News
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startups in India

• When the lockdown was lifted in June, Club
  Factory accustomed process about 30,000 daily
  orders while Shein and Romwe collectively shipped
  15,000 to 20,000 orders. Since they arent
  operational, these volumes will gradually move
  towards Snapdeal and other fashion-focused
  e-commerce companies, said one among the sources
  on condition of anonymity. Snapdeal may grab
  40-50 of the collective scale of the three
  Chinese e-commerce firms.
• At present, Snapdeal does about 150K to 170K
  orders each day. Market analysts also believe
  that the ban on the Chinese e-commerce
  marketplaces would shift a major chunk of their
  business towards Snapdeal and upcoming startups
  in India. As the Chinese players exit the market
  after an aggressive bout of high spending,
  Snapdeal seems poised to emerge as a major
  beneficiary. Its now the sole large, independent
  horizontal e-commerce company in India with a
  sole target Bharat, said Satish Meena, forecast
  analyst, Forrester.

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Latest Updates

• But, why is Snapdeal in an exceedingly position
  to grab the market share of Club Factory, Shein
  and Romwe and other upcoming startups in India?
  Lets gain some background on Snapdeal and also
  the status of the unorganized e-commerce segment.
  About three years ago, caught during a bruising
  battle for market share and investors trying to
  drive a merger with Flipkart, it almost gave the
  look of the top of the road for Snapdeal.
  However, the firm decided to interrupt far away
  from traditional high-burn e-commerce business
  models and reinvented itself as Snapdeal 2.0.
• During the 2018-19 periods, Paytm Mall and
  ShopClues and other upcoming startups in India
  stood a solid chance to say the third spot within
  the fast-growing value e-commerce segment. Unable
  to lift funds and shrinking scale, ShopClues lost
  the plot and consolidated with Singapore-based
  Q0010 during a fire sale. Paytm Mall kept
  changing goal posts without a long- term and
  consistent plan. While both companies were within
  the position to go away Snapdeal behind, the
  Kunal Bahl-led company cleared all distractions
  to target cracking the value-seeking segment.
• Stay updated on upcoming startups in
  India with Entrackr.

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