#Meesho shopping app development
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How To Scrape Meesho Product Data To Thrive In An Online Marketplace
How To Scrape Meesho Product Data To Thrive In An Online Marketplace?
E-commerce data scraping is a transformative process that involves extracting valuable information from various online retail platforms. This technique enables businesses to gather critical product details, pricing information, customer reviews, and market trends. By harnessing the power of e-commerce data scraping, companies can gain a competitive edge, make informed decisions, optimize pricing strategies, and enhance their overall market intelligence. This introduction explores the myriad possibilities and advantages that arise from efficiently scraping data in the dynamic landscape of online commerce.
List of Data Fields
Product Details
Price
Availability
Stock Levels
Reviews
Ratings
Images
SKU
Seller's Information
Buyer's Information
Manufacturer Details
Categories
Product Description
Shipping Details
Model Number
Brand Name
Zip Code
Contact Details
About Meesho
Meesho is an Indian social commerce platform founded in 2015 by Vidit Aatrey and Sanjeev Barnwal. The platform empowers individuals, particularly women, to grow online businesses with minimal investment. Meesho connects suppliers with resellers through its mobile app, allowing users to discover and sell a wide range of products directly to their social networks. The platform leverages social media channels for marketing and transactions, creating a unique and accessible model for e-commerce in India. Scrape Meesho product data to help gain insights into diverse offerings, prices, and trending items. This valuable information is helpful for market analysis, pricing strategies, and staying informed about the latest trends, empowering businesses to make data-driven decisions in the dynamic landscape of social commerce.
Why Scrape Meesho E-Commerce Data?
Trendspotting for Fashion Forward: Scrape Meesho data to uncover emerging fashion trends to help businesses stay ahead in the ever-evolving world of style and design.
Crafting Quirky Collections: Extract unique product data from Meesho to curate eccentric and eye-catching collections, catering to a niche market and setting your brand apart.
Influencer Partnerships: Identify popular products and influencer collaborations on Meesho through e-commerce data scraper, fostering strategic partnerships for amplified brand visibility and credibility.
Flash Sale Frenzy: Utilize scraped data to identify high-demand products and plan exclusive flash sales, creating a sense of urgency and excitement among your customer base.
Savvy Seasonal Offerings: Analyze Meesho data to tailor your product offerings according to seasonal trends, ensuring your inventory perfectly aligns with customer needs throughout the year.
Customer-Centric Customization: Leverage scraped data to understand customer reviews and preferences, allowing for personalized product recommendations and a customer-centric shopping experience.
Steps to Scrape Meesho Product Data
Scraping Meesho product data involves several steps to ensure a smooth and effective process:
Understand Meesho's Terms of Service:
Please familiarize yourself with Meesho's terms and conditions to ensure compliance with their policies and legal requirements.
Choose a Scraping Tool:
Select a reliable web scraping tool or library that suits your programming language preferences. Popular options include BeautifulSoup, Scrapy, or Selenium.
Identify Target URLs:
Determine the specific pages or categories on Meesho where you want to extract product data. It could include the primary product listings, categories, or search results.
Inspect Page Structure:
Use browser developer tools to inspect the HTML structure of the Meesho pages. Identify the HTML elements that contain the product information you want to scrape.
Develop Scraping Script:
Write a scraping script using your chosen tool or library. This script should navigate the Meesho pages, locate relevant HTML elements, and extract the desired product data.
Handle Anti-Scraping Measures:
Meesho may have anti-scraping measures in place. Implement techniques like user-agent rotation, IP rotation, and delay mechanisms to avoid detection and IP blocking.
Test and Refine:
Test your scraping script on a small scale first to ensure it works as expected. Refine the script based on the test results, addressing any issues with data extraction or script performance.
Scrape Data:
Run the scraping script on the target Meesho pages to collect the desired product data. Ensure the data is organized and stored in a structured format for easy analysis.
Monitor and Update:
Regularly monitor the scraping process and update your script as needed. E-commerce websites like Meesho frequently update their layouts, requiring adjustments to maintain scraping accuracy.
Respect Robots.txt:
Check Meesho's robots.txt file to understand any limitations or restrictions on scraping. Respect these rules to maintain ethical and legal practices.
Why Seek Professional Help to Scrape E-Commerce Product Data?
Expertise and Experience: Professional data scraping services have the expertise and experience to navigate the complexities of e-commerce websites, ensuring accurate and comprehensive data extraction.
Compliance with Legal Standards: Professional services are well-versed in legal and ethical considerations, ensuring compliance with terms of service, privacy policies, and relevant regulations, mitigating legal risks.
Handling Anti-Scraping Measures: E-commerce platforms often implement anti-scraping measures. Professional services employ advanced techniques to handle CAPTCHAs, IP blocking, and other security measures, ensuring uninterrupted scraping.
Scalability and Efficiency: Professionals can scale their scraping efforts efficiently to handle large volumes of data, providing faster and more reliable results than individual or inexperienced scraping attempts.
Data Quality Assurance: Quality control is a priority for professional scraping services. They implement measures to validate and clean the scraped data, ensuring accuracy and reliability for business decision-making.
Adaptability to Changes: E-commerce websites frequently update their structures. Professional services continually monitor and adapt their scraping methods to accommodate changes, maintaining the effectiveness of data collection.
Customization and Tailoring:Professional services can tailor their scraping solutions to meet specific business requirements, providing customized data sets that align with the client's objectives and industry needs.
Time and Resource Savings:Outsourcing data scraping to professionals saves time and resources for businesses, allowing them to focus on core operations while experts handle the intricacies of data extraction.
Security Measures:Professional services implement robust security measures to protect the client's data and the scraping process, reducing the risk of data breaches and unauthorized access.
Reliability and Consistency:Professional scraping services offer reliable and consistent results, ensuring that the scraped data is up-to-date, accurate, and aligns with the client's expectations over time.
Know More:
https://www.iwebdatascraping.com/scrape-meesho-product-data-for-online-marketplace.php
#ScrapeMeeshoProductData#MeeshoDataScrapingServices#MeeshoproductdataCollectionservice#MeeshoproductdataScraper#ExtractProductDatafromMeesho#MeeshoproductdataExtractor#MeeshoScraper
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Conversational commerce will aid the growth of the global social commerce industry in 2023
Conversational commerce is gaining strong momentum and the trend is projected to further continue in 2023. The rise of interactive marketing messages, coupled with the surge in live shopping events, is expected to drive industry growth. Although the live streaming and shopping sector is still in its nascent stages of development, the market is poised to record strong growth over the next five years, as consumers seek a more interactive and enhanced shopping experience. To capitalize on the potentially lucrative market, many firms - including e-commerce platforms - are launching and expanding their live shopping capabilities.
In January 2023, Shopstar, an Africa-based e-commerce platform, announced the launch of Flick Live, a social commerce platform wherein brands and retailers can sell their products, interact with consumers, and gain potential customers through live streams. The live shopping platform is interoperable with any existing e-commerce platform. To drive the adoption of the social commerce platform, Shopstar is following success-based pricing, meaning that it charges a commission only when the retailer makes a sale.
In addition to new platform launches, existing players in the live-streaming social commerce segment are also seeking to expand their geographical footprint, with the aim to record strong growth over the next five years. Voggt, the European provider of video shopping services, announced that the firm is launching its video e-commerce platform in the United Kingdom in November 2022. This will enable Brits to shop and collect comic books, sports memorabilia, playing cards, fashion products, and sneakers, among others.
The platform is seeking to enhance shopping experiences for Brits. Furthermore, it also seeks to improve customer engagement. Consequently, Voggt is also offering a chat feature for shoppers where they can share views and ideas.
Notably, conversational commerce is projected to become the next big trend in the social commerce industry. Globally, many of the leading brands and e-commerce platforms are partnering with messaging apps, such as WhatsApp, to drive customer engagement and revenue growth.
In December 2022, Carrefour, one of the leading retailers in Europe, announced that the firm had entered into a strategic collaboration with WhatsApp, enabling consumers to order gifts through the messaging app during Christmas. The pilot project, launched between December 5 to December 21, allowed customers to purchase products across different non-food categories, such as gaming, household appliances, toys, and high-tech. The collaboration with WhatsApp is part of the firm’s strategy to boost customer engagement and provide them with innovative shopping experiences.
In the Middle East, Mall of the Emirates announced that it is allowing shoppers to purchase products from over 350 international and domestic brands entirely through WhatsApp. With conversational commerce, Mall of the Emirates is seeking to bridge the gap between physical stores and digital platforms. Lulu Hypermarket, on the other hand, also launched an artificial intelligence-powered customer experience on WhatsApp in March 2023.
Meesho, one of the leading firms in the e-commerce market in India, announced the firm is running a pilot project with WhatsApp for conversational commerce. Through the initiative, announced in March 2023, the firm is positioning itself to launch a personalized conversational platform for the next 200 million consumers in India. With curated product recommendations, Meesho aims to deliver a tailored shopping experience for its shoppers through conversational commerce capabilities.
With over half a billion people using WhatsApp in India, the collaboration with WhatsApp can bring several million new shoppers for Meesho from the short to medium-term perspective. In 2022, JioMart also collaborated with WhatsApp, allowing Indian consumers to shop for groceries and other daily products through the messaging app. With conversational commerce gaining rapid momentum, PayNXT360 expects more such strategic collaborations between retailers, e-commerce platforms, and WhatsApp in 2023.
WhatsApp is seeking to become one of the largest players in the conversational commerce sector. These partnerships with leading retailers and e-commerce firms are an indication of its ambitions in the social commerce market.
In November 2022, Meta, which owns WhatsApp, launched a new business search feature for WhatsApp. The feature allows users to search businesses, find, and buy products in-app. This service is currently active in Brazil, Indonesia, Colombia, Mexico, and the United Kingdom.
From the short to medium-term perspective, the firm is expected to launch in-app business search and shopping capabilities in more countries. With its large user base globally, WhatsApp is well-positioned to capitalize on the growing trend of conversational commerce over the next five years. The growing penetration of WhatsApp in the segment will, therefore, also aid the growth of the global social commerce industry.
To know more and gain a deeper understanding of the global social commerce market, click here.
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Top Indian Startup
Jio
The Internet becomes the next fundamental right for humans if a slow internet connection or high cost can hamper our fundamental rights.
Jio in India came as superman to help Indians from the ultra-high cost of the internet.
Let me explain. Just think in India where 1 Gb of internet cost for one-month validity is around $ 3.75 before Jio but today Jio reduced the cost for 1 Gb of data to around $ 0.121 only.
This internet revolution not only helps Indian but makes the ecosystem for other startups. Jio becomes the seed for a major fertile ground for growing famous businesses such as Netflix, Youtube, Uber, Airbnb, etc., and many homegrown e-commerce sites in India.
PW physics wallah
It is a renowned start-up for Indian students who want to prepare for JEE & Neet exams ( it is the entrance examination get for engineering and MBBS seats ).
Mr. Alakh Pandey CEO & cofounder of physics wallah. He started his online class for free on youtube and with high-quality video lectures. In 2022 it becomes the Unicorn in the E-tech field where they charge a minimal amount for accessing the course with a free class on YouTube. His company is preparing for expanding different competitive examinations.
Ola
It is a copy of Uber but revolutionized the auto, taxi, and car industries in India. It makes the process easy and user-friendly. In the old times, hiring taxis, autos, or cars became a hectic job, and even there was the possibility of getting denied by drivers.
It works on an app-based model where you write your location and select the destination, AI of ola automatically finds the fare cost and details of drivers.
Oyo room
This startup changed the way for Indians to look to lease hotels, homes, and living spaces at affordable costs. And reduce the tension while traveling to different places in India. Before then, you have to think twice before staying.
The vision of Ritesh Agarwal ( founder of Oyo ) changed the whole thing he said whenever I travel to a different place in India I find poor room quality they do not care for the interior, dirty rooms, and less focus on the room service so I get the idea to work in this field. he developed the idea that we will customize the space with the world-class interior and rent them at a low cost and we will post the image on our website to build trust. Now It is operating in 80 countries.
Flipkart
The founder copies the business idea of Amazon but the founder works very hard to succeed in his business and places himself as a tough competitor for Amazon. Flipkart sells multi-category products from medicine to clothes and finally acquired by Walmart.
Unacademy
In India where quality education is expensive for students. but this thinks of startup came as a lifesaver for them and create an ecosystem of semi-affordable tuition for students, Corona hit hard and this type of startup helps Indian students to prepare for competitive examinations. Unacademy helps young teachers to choose a teacher as a profession and even they bought the emerging YouTube educational channel to expand its reach.
Paytm
It helps Indians to use online transactions for shopping and paying electricity bills, and gas bills. I think it changed the taste of India to use online banking. Paytm gets the biggest opportunity during denomination (500 and 1000 rupees scrap by the government and has no value in the eyes of the government; they print the old denomination value note into different designs ) to expand its users.
People also understand the value of online transactions. That is why Amazon to Google came into the online payment market to capture Indian users.
Zomato
It works in the field of online food delivery service to the door at an affordable cost. You can choose any restaurant and even they recommend the best food in the particular locality.
Meesho
It targets the lower middle-class market where people can search for cheap quality products such as cloth, handbags, sweaters, etc. They do not care for product quality but to reduce the cost as much as they can.
Policybazaar
It is a platform where Indians can easily compare insurance policies and other financial services on one platform. It not only helps people to find the policy at a feasible cost but also helps people to do life insurance for themselves they created innovative advertisements to aware people of taking health insurance and car insurance.
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Top 10 Online Shopping Sites in UAE That Dominated the Market (2022 Updated)
Dubai is one of the world's most intriguing places to shop for anything. UAE is home to many giant malls, the hottest fashions, designer shops, etc., where millions of consumers buy many products daily.
You must be familiar with Dubai, home to over a thousand retail stores and various other recreational venues, including an aquarium and an Olympic-sized ice rink. Dubai has experienced a significant increase in internet shopping demand throughout the years, particularly during the epidemic.
Here are the top websites in the United Arab Emirates that you should check out if you want to buy anything, including your daily necessities, apparel, gadgets, beauty goods, eyewear, and other conditions.
Top 10 Online Shopping Sites in UAE | List of Online Shopping Sites in UAE |
Carrefour UAE - Top Online Shopping Sites In UAE
Another fantastic online shopping tool for purchasing groceries and other everyday necessities. Carrefour has locations in 15+ nations, as well as in Asia, Africa, and the Middle East. The first store opened in France and offered various goods at reasonable rates. Carrefour was best known for its supermarket store.
Now you can shop mobile app along with the website; Carrefour is the one-stop store for purchasing fresh goods from a wide selection of food and other items at meager costs.
Dubizzle - Dubai Online Shopping Site
The dubizzle is an online marketplace where people can buy and sell goods in the UAE. On Dubizzle, entrepreneurs offer and purchase various services from other entrepreneurs and service providers. It’s like Meesho of India.
It is a fantastic platform for business owners since they can use it for advertising for free using photographs, videos, and an attention-grabbing description to reach their target market for selling and buying goods and services.
They can draw consumers and sellers by displaying the advertising on their social networking pages. Moreover, it offers books, electronics, used furniture, apparel, and more.
Amazon (SOUQ)- Best Online Shopping in UAE
Since Amazon recently acquired Souq, you can find all your products, including clothing, household goods, electronics, and other items, at a very reasonable price and of excellent quality. Previously, Ronaldo Mouchawar founded Souq in 2005 -2006, and it soon rose to the top spot among e-commerce sites serving the Middle East and North Africa.
The company notably refers to the things as "Fulfilled by Souq" and stores, picks, packs, and ships them. A 100% genuine and high-quality guarantee is included with these products.
Noon - Online Shopping Sites in Dubai
Do you want your products to be delivered within three to four business days? You can choose Noon to have them sooner, which is why people love this platform.
The native Middle Eastern brand for online shopping is called Noon. It was established in 2017 and has since developed into the region's top eCommerce platform. A one-stop shop with everything you require for your lifestyle and daily needs.
You may purchase gadgets, clothing, accessories, groceries, baby items, workout equipment, and more at Noon.com. At Noon, you can acquire whatever you want. From Egypt, the UAE, and Saudi Arabia, you can shop at Noon. Additionally, goods supplied at Noon are offered at highly competitive pricing with attractive discounts.
Let’s Tango - Popular Online Shopping Sites in UAE
LetsTango offers a wide selection of goods to purchase. However, it’s famous for its electronics and media products.
Out of all the nations it works in, the United Arab Emirates is where LetsTango generates most of its revenue. LetsTango.com offers its online customers a very user-friendly buying experience with the features of living, immediate, digital shopping assistance, and several payment method options, such as Cash On Delivery and Swipe In Card at the time of delivery.
SiVVI - Leading Online Shopping Sites in UAE
The Sivvi is an eCommerce site situated in Dubai and currently offers delivery in the UAE, Saudi Arabia, and Kuwait. You can find the newest, most glamorous brands and discounts on Sivvi. Sivvi features high-end fashion labels, brands, designer handbags, makeup, and skincare products to get you runway ready. They occasionally also have excellent sales on luxury brands and have streamlined shipping.
Eyewear - UAE Best Online Shopping Site
The Eye is not an actual big giant in eCommerce with many different products. However, it offers eyeglasses, sunglasses, and contact lenses. It is the first online eyeglasses company in the Middle East. Every brand, starting with Ray-Ban, Nike, Lacoste, etc.
They offer reasonably priced, aesthetically pleasing eyewear options that complement your individuality. You may explore and compare thousands of stylish and reasonably priced frames on the Eyewear website. It created and developed three distinct product lines with a range of pricing points, including the fast-fashion line Blackout, the natural colour contact lens line Layla, and the lifestyle eyewear brand.
UBuy - UAE Top Online Shopping Sites
Customers recognise and trust Ubuy as a place to shop for electronics, known as an online shopping site in UAE for electronics, so if you're considering purchasing a new smartphone, laptop, or smart TV, Ubuy should be your first stop online stop. You can choose from various offers that will give you reasonably priced, high-quality goods.
In addition to electronics, Ubuy's platforms featured various other things, including apparel, jewellery, books, electronics, and items for the house.
SuperMart - Best Online Shopping Sites in UAE
The supermarket is Dubai's online shopping site, founded in 2010, where you can get all your daily necessities and house necessities, starting with groceries, vegetables, fruits, and many other things.
It's a fantastic site for purchasing branded products and delicacies. Here you can find dairy products along with veg & non-veg food to order online.
Retold - Dubai Shopping Online Websites
Retold is a fantastic choice for those who wish to leave quick fashion but maintain their sense of style. Even if you don't want to buy clothes, you can sell clothing items from your closet that are new or relatively new but that you don't want to wear for any reason.
Retold is a unique internet store that sells previously owned clothing. It serves as a resale shop for previously owned clothing, jewellery, shoes, and other fashion accessories. By promoting sustainable fashion, this innovative method lets consumers find stylish clothing and accessories at reasonable rates and contributes to environmental preservation.
Summary
As time goes on, businesses move toward digitalization and online platforms to serve their customer's demands; however, companies still need online websites or applications for their organizations to do the same. If you're looking for an online store, e-commerce website, or mobile application for your business, don't hesitate to contact us; we'd be happy to create the service for you.
Let's connect and take care of all of your development needs.
FAQ
Which is the cheapest online shopping site in UAE?
As stated above, these are the top 10 online stores where you can find numerous discounts and deals on your purchases. These stores also offer the cheapest delivery and purchase prices.
What is the best online shopping site in Dubai?
We have included all of the top websites for you to pick from. For example, if you need electronics, choose Ubuy; the same is valid for clothing, accessories, and more.
What's the most popular website in UAE for online sales?
The most well-known website in the United Arab Emirates where you can go for sales and purchases is Dubizzle.
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India social E-Commerce Market Growth, Size, Share, Sales, Trends and Forecast 2027: Ken Research
Buy Now
The publication titled ‘India Social E-Commerce Market Outlook to 2027: Driven by growing internet penetration rate and consumers shifting preference towards availing digital medium for purchases” provides a comprehensive analysis of the social e-commerce market by analyzing historical statistics and corresponding developments in the social e-commerce industry. The report covers various aspects including social e-commerce market size on the basis of revenue, overview of the market, ecosystem, overview of major entities operating in the ecosystem, number of social media users, smartphone penetration rate, internet penetration rate, growth trends and developments, Porter 5 Forces Analysis, government initiatives, impact of COVID-19, and risk factors governing the future outlook of industry. Insights on competitive landscape of social e-commerce market and cross comparison between major players operating in the ecosystem is also covered in the report on the basis of operational and financial parameters such as year of establishment, location, funding stage, employee size, funding received, investors, geographic presence, investment raised, average transaction size, fees & commission, number of registered sellers, app downloads, active users, marketing strategies, recent developments, strengths, weaknesses, company overview revenue streams, product portfolio, business strategy, USP, revenue, expenses, current assets, current liabilities and profit before tax. Further, the report covers a demand analysis overview on the basis of TAM, SAM and SOM.
The report also focuses on the India Social E-Commerce Market Segmentation by Start-up (Meesho, GlowRoad, Shop 101, Mall 91, Bulbul, Simism, DealShare, Roposo, Trell and Others); By Category (Women Fashion, Men Fashion, Home & Kitchen, Beauty & Grooming, Electronics and Others); By Region (Northern, Southern, Eastern and Western); By Age of Users (Below 20 Years, 20-40 Years, 40-60 Years and Above 60 Years); By Gender (Female and Male); By Platform (Mobile Application, WhatsApp, Facebook, Instagram and Others) and By Ticket Size (Less than INR 500, INR 500-1000, INR 1000-5000 and More than INR 5000). India Social E-Commerce Market report concludes with projections for the future of the industry on the basis of revenue by 2027, industry speaks and analysts’ take on the future highlighting the major opportunities.
India Social E-Commerce Industry Market Overview and Size
India social e-commerce market industry expanded with a CAGR of 281.6% in between FY’17 and FY’22 on the basis of revenue generated. One of the major determinant of the surging growth of social e-commerce market is attributed to the digital boom, backed by higher internet and smartphone penetration rate in India. Consumers changing preference towards purchasing customized products through digital medium post COVID-19 and the convenience of interaction between buyers and sellers that social e-commerce platforms offer acted as a catalyst for the surging growth. Coupled with that, “Digital India” initiative launched by the government of India in FY’15 to ensure improvement in online infrastructure and citizen’s digital literacy contributed in the adaptation to social e-commerce platforms. Due to the huge potential of the market, leading e-commerce players such as Myntra, and Flipkart among others initiated the process of integrating the ecosystem by diversifying its business or through acquisitions in recent years. In FY’21, Walmart owned fashion retailer Myntra announced the launch of M-Live, a social commerce platform extending interactive and real time shopping experience to its customers. Furthermore, consumers shifting preference towards availing digital medium for their daily purchases followed by the advent of COVID-19, resulted in the growing use of social e-commerce platforms. Majorly consumers in India avail social e-commerce platforms for purchasing food products, electronics, fashion products, home & kitchen appliances and personal care. Realizing the massive potential of the social e-commerce market which is currently in the nascent phase, various home grown start-ups have ventured in the social commerce business to capitalize on this opportunity as of FY’22. Integration of these start-ups in the ecosystem opens up avenue for the sellers especially from Tier 2 and Tier 3 cities.
India Social E-Commerce Market Segmentation
By Start-up (Meesho, DealShare, Shop 101, Roposo, GlowRoad, Simsim and Others): Meesho contributed to the majority share on the basis of revenue generated in FY’22 followed by DealShare and Shop 101. Consumers especially from lower Tier cities preferred availing these platforms due to the wide range of products available and lower average ticket size as compared to e-commerce platforms such as Amazon and Flipkart.
By Category (Women Fashion, Home & Kitchen, Men Fashion, Beauty & Grooming, Electronics and Others): Women fashion products were the most demanded in FY’22 from social commerce platforms, which accounted for the highest revenue share. Consumers preferred fashion products due to their low ticket size as compared to electronics in FY’22, as these consumers were majorly from Tier 2 and Tier 3 cities with lower spending capability.
By Age of Users (Below 20 Years, 20-40 Years, 40-60 Years and Above 60 Years): Sale of products to consumers aged between 20-40 years through social e-commerce platforms contributed to the majority share in FY’22 on the basis of revenue generated. As most of the consumers within this age bracket are tech savvy and are financially independent than customers aged below 20 years, they are better suited to avail digital medium for their purchases. Revenue generation from customers aged above 60 years only contributed a small percentage share of the overall revenue generated by the social e-commerce market in India; attributed to their lack of digital knowledge.
By Gender (Female and Male): The user base of social commerce platforms were vastly different from other online platforms such as Amazon and Flipkart. The target customer base for these social commerce platforms are majorly women from Tier 2 and Tier 3 cities. Therefore, on the basis of gender, women consumers contributed to the highest revenue share in FY’22 from sales of products on social commerce platforms.
By Platform (Mobile Application, WhatsApp, Facebook, Instagram, Website and Others): Mobile applications (social e-commerce mobile applications) were the most availed platform while purchasing products from social e-commerce platforms, contributing to the highest share on the basis of revenue generated in FY’22. The increasing smartphone penetration rate in India contributed in consumers availing social e-commerce applications on their smartphones.
By Ticket Size (Less than INR 500, INR 500-1000, INR 1000-5000 and More than INR 5000): Since most of the social e-commerce customers were from lower Tier cities as of FY’22, one of their major determinants to consider is the pricing of the product. As consumers have the convenience to choose a specific product from different platforms, these consumers generally prefer purchasing products through a platform offering lower ticket size of products. Revenue generated from sales of product on social e-commerce platforms with ticket size less than INR 500 accounted for the highest share in FY’22
By Region (Northern, Eastern, Western and Southern): Revenue generated from sales of product on social e-commerce platforms from Southern region contributed to the highest share FY’22. Most of the social e-commerce start-ups such as Meesho, GlowRoad and Roposo among others are based out of Bangalore, therefore the expansion of consumer base and marketing capability of players in the Southern region outweighed the expansion to other regions of India.
Competitive Landscape in India Social E-Commerce Market
The India social e-commerce market is highly competitive and is currently in the nascent phase. There exist significant competition among the players due to lack of product differentiation and no switching cost for customers. Players compete on the basis of pricing of products as well as other factors that influence buyers’ choice such as delivery time, product quality, digital presence, logistic costs, customer service and discounts & offers among others. The average ticket size of products sold through social e-commerce platforms stood at INR~500 as of FY’22. Major players in the ecosystem includes Meesho, DealShare, Shop 101, Bulbul, Roposo, GlowRoad and Simsim among others.
India Social E-Commerce Marker Future Outlook and Projections
The market size on the basis of revenue is expected to grow at a five-year CAGR of 80.5% in between FY’22 and FY’27E. With improved online ecosystem and internet connectivity expected in coming years, buyers and sellers especially from rural regions, Tier 2 and Tier 3 cities will be better connected through a digital ecosystem. The improved digital connectivity across these regions will aid the surging growth of social e-commerce market in India in between FY’22 and FY’27E. Further, the improved digital connectivity also extends a platform to sellers from rural regions, Tier 2 and Tier 3 cities to market their products to a larger consumer base. Product owners customizing content according to local language of the individuals will be the norm in the social e-commerce domain to create a lasting impact in coming years. The social e-commerce market in India will undergo rapid transformation with the integration of various home grown start-ups entering the market.
Key Segments Covered in India Social E-Commerce Market
By Start-up
Meesho
Dealshare
Shop101
Roposo
GlowRoad
Simsim
Others
By Category
Women Fashion
Home & Kitchen
Men Fashion
Beauty & Grooming
Electronics
Others
By Age of Users
Below 20 Years
20-40 Years
40-60 Years
Above 60 Years
By Region
Northern Region
Southern Region
Eastern Region
Western Region
By Gender
Male
Female
By Platform
Mobile Application
WhatsApp
Facebook
Instagram
Website
Others
Request for Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTc0NDQ4
By Ticket Size
Less than INR 500
INR 500-1000
INR 1000-5000
More than INR 5000
Key Target Audience
Current Incumbents in the Social E-Commerce space
Companies looking to enter the Social E-Commerce space in India
Industry Associations
PE/VC Firms
Government Bodies
Time Period Captured in the Report:
Historical Period: FY’17-FY’22
Forecast Period: FY’22-FY’27E
India Social E-Commerce Players
Startups
Meesho
Bulbul
Dealshare
com
GlowRoad
Trell
WMall
Roposo
ResellMe
Shop101
Mall91
Simsim
Yaari
Shopsy
Payments and Logistics Partners
DTDC
XpressBees
FedEx
Razorpay
Delhivery
Regulatory Bodies and Associations
TECI (The E-Business Council of India)
Ministry of Electronics and Information Technology, Government of India
CCI (Competition Commission of India)
CIE (Confederation of Indian E-Commerce)
Key Topics Covered in the Report
Overview of Social E-Commerce Market in India
Internet Penetration Rate and Number of Social Media Users in India
Ecosystem of Major Entities in India Social E-Commerce Market
Market Size of India Social E-Commerce Market (Basis Revenue in INR Crore)
Average Ticket Size of Social E-Commerce
India Social E-Commerce Market Segmentation (By Startup, By Category, By Age of Users, By Region, By Gender, By Platform, By Ticket Size)
Trends and Developments in India Social E-Commerce Market
Issues and Challenges in India Social E-Commerce Market
Porter 5 Forces Analysis of India Social E-Commerce Market
Government Regulations in India Social E-Commerce Market
Impact of COVID-19 on India Social E-Commerce Market
Cross Comparison of Major Social E-Commerce Players (on the basis of Year of Establishment, Number of Employees, Geographic Presence, Investment Raised, Average Transaction Size, Fees and Commissions Charged, Number of Registered Sellers, App Downloads, Active Users, Marketing Strategies, Recent Developments)
Strengths and Weaknesses of Major Social E-Commerce Players
Cross Comparison of Major Social E-Commerce Players on the basis of Financial Parameters (Total Revenue for FY’19, FY’20 and FY’21; Total Expenses for FY’21, Other Expenses for FY’21, Current Assets for FY’21, Current Liabilities for FY’21)
Company Profiles of Major Social E-Commerce Players (Company Overview, Product Portfolio, Revenue Streams, Business Strategy, USP)
TAM, SAM and SOM for Social E-Commerce Market in India
Future Market Size of India Social E-Commerce Market (Basis Revenue in INR Crore)
India Social E-Commerce Market Future Segmentation (By Startup, By Category, By Age of Users, By Region, By Gender, By Platform, By Ticket Size)
Analyst Recommendations
Industry Speaks
Research Methodology
For more information on the research report, refer to below link:-
India Social E-Commerce Market Outlook to 2027 (Second Edition): Ken Research
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India E-Commerce Logistics Market Outlook to 2025 – Driven by Changing Shopping Patterns and Increasing Demand of Fast Delivery Services
Malaysia E-Commerce Shipments Market Outlook to 2026F – Driven by Increasing Tech Savvy Millennials Growing Demand for Faster Deliveries and Improving Logistics Infrastructure in the Country
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How much does it cost to develop meesho like mobile app
It's a fantastic chance for anyone to start their own business by reselling goods from shops or wholesalers to customers while merely sitting in their homes. Through social media networking sites like Instagram, Facebook, and WhatsApp, resellers can engage with their end users. They can distribute product photos and videos that include complete descriptions and prices.
This business model is used to create reseller mobile apps, like Meesho, which have become extremely popular in the pandemic year of 2020.
The majority of users used Covid-pandemic and lockdown as well as Meesho-like apps to launch their own internet businesses. The main advantage of this approach is that resellers can make money without having to manage inventory or make investments.
This post will be helpful to you if you want to get into this lucrative industry and plan to create a Meesho-like app to conduct online business.
Today, we will discuss the features of the Meesho clone app, its business strategy for reselling apps, and how it was created. We will also inform you of the Meesho clone's cost as well as how you might profit from it. So continue on till the very end!
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What is Meesho?
One of the most used social e-commerce platforms in India is called Misho. Sanjeev Barnwall and Visit Atre, two IIT graduates, started it in December 2015. It is now the first component of the Google launch pad for June 2019 and has also been successful in obtaining investment from Facebook.
Although Meesho includes a web portal and a mobile app, the user can only utilize the Meesho app to run their business. Anyone can establish a small business using social media platforms to conduct their online business.
The purpose of Meesho App
Mobile Meesho reseller software was developed for a good reason. The creators of the software wanted to create incredible opportunities for people to start their own home-based enterprises and make some money. They mostly aim to persuade housewives to launch anything on their own without financing. Small and medium-sized enterprises have quickly expressed interest in selling their goods on Meesho, the largest platform for reselling, as a result.
Meesho initially only offered a few product categories, such clothing and electronics. As the app's traffic increased over time, consumers started to want a lot more things. As a result, they now encompass a variety of product categories, such as domestic, children's, men's, and women's fashion, accessories, home goods, presents, cosmetics, etc.
Increase in Demand for Reseller Apps Like Meesho
With numerous fundraising rounds from big-wig venture capital firms including RPS Venture, Sequoia Capital, Facebook, SAIF, and many others. In a decade, Misho increased its sales by 50 times and crossed the $ 215.2 million mark, which is incredible.
Meesho platform has over 1 crore resellers today and has successfully hit a slew of milestones. This addresses the question of why people buy a Meesho copy and also makes it possible for many people to launch their own businesses by releasing Meesho copycat apps..
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Now, let's take a quick look at the key components that the Meesho-like app should include.
Reseller App features like Meesho
Registration
Authorization
Search Filters
Product Feed
Product Categories
Product Page
Product Catalogs
Product Comparison
Shopping Cart
Payment Integration
Delivery & Tracking
Payment Tracker
Reviews and Ratings
Geotagging
Offers & Discounts
Push Notifications
In-app Chat
Localizations
Refer & Earn
Loyalty Program
Characteristics of the Seller or Supplier App
Signup/Log In
Item Management
Inventory Management
Order Management
Customer Reviews
Shop Statistics
Push Notifications
In-app Chat
Functionality of the admin panel
approval through email or OTP
Supplier or Vendor Management
Support Request Control
Reseller Administration
Product Administration
Order Analytics Management
What is the price of developing a reseller app like Meesho?
The price of developing reseller applications like the Meesho app is heavily influenced by the following vital elements. Now look at this:
i) App Platform:
Your choice of app platform will affect the cost of the Meesho clone. The development of an app for both iOS and Android smartphones would be preferable, but the cost would be significant. iOS devices are a better option if you only have a little budget to work with because Android smartphones are more expensive because there are so many of them available for testing.
ii) App Design:
Any mobile app needs a good design, and it must be appealing. It is expensive to create a mobile app with an appealing and distinctive design. Simple app design has lower development costs for Meesho substitute apps.
iii) App Size:
The price of developing a Meesho mobile application varies on how many features and functionalities you incorporate. If you have a large budget, you can incorporate more features and functionalities.
iv) Size of the app development team:
The price to create a reseller web application like Meesho depends on the developer's location, team size, level of experience, and professionalism.
Any reputable mobile app development business will typically have
Project Manager
2-3 App Developers
UI/UX Designer
Backend-Developer
Front-end Developer
Quality Analyst
App Tester
How Much Does Fugenx Charge To Create An App Like Meesho?
You can estimate the estimated Cost to develop a Reseller app like Meesho by taking into account a number of criteria. These crucial variables consist of:
Country-wise, where is the development company located? Take an example to help you better comprehend this. A developer from a wealthy nation, such as the USA or Europe, will cost you per hour.
The app has the following total features and panels: The development costs of your application will depend on the total number of required panels (in this case, a total of three panels) and the total number of features you desire.
The app's UI and UX: Although functionalities are important, your application's UI and layout are as crucial. Users won't return unless your program has a superior UI and UX that is streamlined and user-friendly. It is advised to invest in a better and more streamlined Ui and UX.
The overall number of platforms supported is: The cost of developing your on-demand application will go up if you want it to handle both iOS and Android app development.
Author: I’m Anita Basa, a fascinating Technical Content writer currently working at “Hyena Information Technologies”, one of the best mobile app development companies in egypt Interested to know about technology updates. Mobile App Development, IoT, Artificial Intelligence, Machine Learning, IOS, and Technology-related content Get connected with me on Linkedin
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#mobile app development#mobile app development company#app developers#app development company in saudi arabia#android app development#ios app development
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Key Factors That Can Affect Cost of Your eCommerce Mobile App
In fact, many e-commerce apps have been developed over the last few years. The expanding driving force of the e-commerce market. With people not taking the time to shop, downloads of e-commerce apps are booming!
So, if you are planning to start an e-commerce business, creating an e-commerce mobile app is a must. But before connecting with an app development company, one should have some basic understanding of what factors affect the cost of creating an app.
You might choose to prevent some costly charges before constructing your e-commerce application.
So, if you are planning to start an e-commerce business, you may want to develop an application by contacting an e-commerce mobile apps development company in USA and asking them to develop an e-commerce app.
To gain some knowledge and save some money, read these tips on the Impact of e-Commerce App Development costs.
Key Factors That Can Affect Cost of Your eCommerce Mobile App :
1. Feature List:
What would you like to see in your mobile e-commerce app? How many features do you believe are necessary?
Sometimes unnecessary features make things too clumsy. If you do not find the specific features you need, you can call to avoid them. Therefore, it will also reduce the cost of developing your e-commerce app.
Some important features need to be included in the e-commerce application. For example,
User login profile
Product catalog
Check-out process
Product browsing
Check the process
Payment gateway
But the extra unnecessary features prove to be expensive. One can ask the e-commerce mobile apps development company NYC to remove some features that will greatly reduce your development cost.
On the other hand, you can ask them to add some advanced features like scanner, artificial intelligence, and machine learning integration.
2. Platform - (Android and IOS):
The cost of developing for both platforms is very high. This is because the company needs developers to create an app in Java or Kotlin for Android. Similarly, for iOS app development, Swift and Objective Silo require iOS app developers usa to develop the app.
Well, to reduce the cost of e-commerce app development, you can do a little analysis that saves a few bucks. Developing an app for both platforms can make your price a lot higher.
For example, find the target audience of your app. While the majority of users are iOS users, there is no point in developing an app for the Android platform and vice versa.
3. Third-Party Integration:
Sometimes it is expensive to integrate small features. Therefore, integrating a third-party integration that provides all the features you need is a wise choice. Sometimes, developing a new feature costs more than just integrating the features. best mobile app development companies Los Angeles tell you that they will create every feature in your application. It is not necessary to develop all the features at times. Analyze which features are important and you can easily ask the company about choosing third-party integrations.
4. App management:
Once you launch the application, there will be simple updates and techniques that you need to keep in mind.
Unlike a physical product, it is very difficult to know when something is wrong with the software. Also, finding solutions is even more challenging as only a technical person can guide you. So, you need to connect with the top mobile app development company Chicago that can help you.
5. UI / UX design:
App design is a key element of any e-commerce app development. Simply, by creating the best UI / UX, you can impress your audience. Designing plays an important role in impressing your audience.
And keep in mind, there is cutthroat competition in the world of eCommerce app development.
But good design means investing a good amount and not compromising on it. Of course, in our opinion, the design of the application should not be compromised.
A good tip is to choose an e-commerce app development cost in india that will create the hybrid application needed to create stunning designs for both platforms.
6. Location:
One of the important factors influencing the cost of your e-commerce app development is where you choose to develop your application.
Yes, most countries have different development costs. So before you go to an app development company, do some research on which company will benefit the most. One of the main aspects determining the cost of creating your e-commerce is the availability of inexpensive labor in some countries, which is one of the important factors influencing the cost of building your e-commerce.
7. E-commerce App Size:
When it comes to the size of the e-commerce app, it all depends on the overall features and functionality you want to provide. The more components or functionalities there are, the more expensive your app will be. However, you can control the price by considering only the key features available at launch and then decide on additional features based on the feedback you get from customers.
8. Security:
While this is important, many businesses are undermining app security. Your application must secure the information it receives from customers, as missing data can make your current and future clients unreliable. When designing an application, it is wise to invest in data security, as a security breach can tear your organization apart.
9. Market analysis
For any company starting with e-commerce application growth, it is important to determine the buyer person. Retailers need to do the appropriate research to better identify the target audience. Analyzing the customer group's behavior, preferences, and dislikes, and purchasing habits will help them to tailor the app to their needs.
10. Development process:
There are two development processes for e-commerce app development or any development process.
App development from scratch
Clone App Development
Development from scratch means that the developer develops each app element. Everything is planned properly, and then the developer will work on your e-commerce app idea.
Clone app development, on the other hand, means creating an exact copy of an existing application. So, for example, if you like an existing application, you can ask the clone development company to make an exact copy of the application.
Conclusion :
The e-commerce app enables the digitization of development services and expands the scope of distribution to retailers and brick-and-mortar shops. Companies generate extra revenue from more customers and help expand and improve services. However, before starting, retailers can talk to an experienced planning partner about the project scale, schedule, law enforcement, and other considerations.
Sometimes when you come from a non-technical background, we understand that knowing all about the e-commerce app development process can be challenging. Therefore, it takes a lot of your time to understand and analyze these factors. Also, you can save some money by opting for clone development.
Read also: Cost to develop a ecommerce app like meesho
cost to create shopping app like wish
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Dispatch A Robust Social E-business App Like Meesho And Rake In Millions
Boost your revenue with the e-commerce reselling app. Let users have the most profit out of your app, where they don’t just shop but also can resell the products to their friends and family. By beginning with the Meesho clone app development, both you and your user can earn a bountiful amount of revenue.
Read More, https://www.appdupe.com/meesho-clone
#Meesho like app development#social e-commerce app like Meesho#online re-seller app development#Meesho app development#ecommerce app like meesho
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Critical features that will be expected by stakeholders on your Meesho clone app
Product reselling:
Your Meesho like app should be designed to cater to the needs of resellers and customers. The users should be able to browse through the products and make purchases. Integrate social media plugins for the users to share the products on social media applications seamlessly.
Product listing:
The user will be able to access the product details such as images, videos, and description. The compare feature will also help to make an informed decision.
In-app chat and calls:
The in-built chat option on the app like Meesho will help customers to directly communicate with the sellers and have a hassle-free shopping experience.
Deals and offers:
The users should get offers and discounts regularly on the app. Following this strategy will help increase the overall revenue and to have a higher retention rate.
In-built analytics:
The Meesho clone app will have an in-built analytics management system that can be used to monitor business performance. The admin team can make use of the in-built tools to generate business reports from various categories. This data will be helpful to optimize their services and to make sound decisions in their business.
Knowledge base:
Ensure that your app development team integrates a knowledge base into your app for users. The knowledge base should contain a list of FAQs and product-related articles for users to get clarification about the application and its services.
Multiple payment options:
Discuss with your Meesho like app to integrate multiple payment options for your users. They should be able to make seamless payments via credit/debit cards, UPI, net banking, PayPal, etc.
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Fayda shop ,a Blockchain based loyalty platform.
Do you know about blockchain? Blockchain is basically in simple words ak system of recording information in a way that no one is able to change or hack it. Fayda shop is an application which is providing small local shops a digital platform for earning and growth. Basically fayda shop is a blockchain based loyalty platform in which any small shop can register their company in our application and can showcase their products and services to their end consumers. In this way they can acquire new customers and it will also help them to attract their existing customers who are shifting to online shops therefore it will also help in customer retention. Many small shops can register themself in this application as it is a blockchain based loyalty platform that's why there is no condition for hacking of their records . This application will work as a mediator between shops and consumers. As if someone has to buy something in local shops they get to know the particular shop in which they get their product through our application. It will ensure the growth and development of small shops which are lacking in fulfilling the customers demand , which is the measure reason of customers shifting into online shopping apps like (flipkart, meesho, ajio, amazon) etc. and big malls and d-marts for shopping. As we know that in today's era customers are not able and also willing to search for anything as they are getting each and everything into their homes directly . and it is being converted into a habit which is leading to the downfall of small local businesses. But what else can they do as they know that customers' preferences have already changed . they are more into online for everything . So what should these small shops do? Because they are losing their survival in the competitive market. Therefore, to ensure the growth and development of small retail shops and to save the existence of small retail shops, an application called fayda shop has arrived. Through this application small retail shops can acquire and retain customers. Now how can they attract customers as the center of attraction for customers to buy anything is discounts and rewards. What about this problem? But guess what ! fayda shop has the solution for this problem also. After registering into the application two features named “bill reward setting” and “bill redeem setting” will be provided in the application. Now what will happen is customers will get a reward coin called “crypto coin” on their purchase, and they can redeem that coin on their other purchases and will get a discount on the purchase. And sellers can make changes in reward setting through the above two features. In this way customers attract towards it and small retail shops can again stand in competition.
So if you are a small retailer, then do download this application via playstore.
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Launch a Meesho alternative app by teaming up with AppDupe and build your reselling venture. Suppliers can add items to their order cart and sell goods to customers without paying any commission. Get ample benefits like quick listing, 24x7 order tracking, and timely payments. Aiming to revolutionize the digital shopping experience? Call up our certified software developers.
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Get an Uber for x solution now and rule the gig economy soon
We live in a fast-paced world. People want to fulfil their needs and wants quickly. Importantly, they hate when products are delivered late or services are offered after a long delay. Hence, this has led to the birth of the on-demand economy. Uber was the pioneer in this innovative concept when it started offering instant booking of taxis in March 2009 in San Francisco. Today, Uber like services for x are dominating various industries like beauty, e-commerce, entertainment, financial services, fitness, healthcare, home services, transportation, and social media.
Entrepreneurs can mint millions of dollars in revenue by launching a customized Uber for X app in partnership with a talented app development company. Skilled developers will create smoothly-working Android and iOS apps for customers, delivery executives, and service providers.
A modern web panel showcases the availability of products and services and their features. Users can book a specific service or order a particular product according to their convenience. A sturdy admin dashboard will share real-time updates related to the daily business operations.
What are the different Uber for X solutions offered by an app development company?
E-commerce - Online shopping is skyrocketing now as malls and supermarkets are operating only for limited hours in a day. Therefore, a knowledgeable app development company. Customers can order branded products from white-label e-commerce platforms like Amazon, Alibaba, eBay, Etsy, Flipkart, Meesho, Target, and Walmart.
Food Delivery - Customers can satisfy their taste cravings by ordering dishes from several white-label clone food delivery apps. They can choose their cuisines from platforms like Deliveroo, Foodpanda, JustEat, Swiggy, Talabat, Uber Eats, Yemeksepeti, and Zomato.
Grocery Delivery - Shoppers can also order essential products like dairy items, fruits, and vegetables from well-known clone grocery delivery apps. It comprises BigBasket, Grofers, HappyFresh, Milkbasket, and Shipt. Trained delivery executives employed by the Uber for X solution will hand over the groceries to customers within just a few hours.
Hence, progressive entrepreneurs can make a big impact in the thriving on-demand economy by obtaining an Uber for x on-demand service app now.
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Social commerce has emerged as a new way to reach millions of online shoppers from smaller cities in India
E-commerce has been rapidly growing in India, with more and more consumers flocking to online shopping channels for their daily needs. However, while larger cities in the country have been the main drivers of e-commerce growth, the potential for expansion in smaller cities and towns is now being recognized. Over the next three to four years, consumers in Tier III cities and beyond are expected to contribute significantly to the total incremental growth of the e-commerce market. This presents a significant opportunity for e-commerce companies looking to expand their customer base in India.
One way that firms are looking to tap into this potential is through social commerce. In India, social media platforms are becoming an increasingly popular way for consumers to discover new products and make purchases. This presents a huge opportunity for e-commerce companies to reach new customers in smaller cities and towns through social media platforms. By using social commerce, e-commerce companies can create a more seamless shopping experience for consumers, who can discover products and make purchases without having to leave their social media app.
In addition to the convenience factor, social commerce also offers a way for e-commerce firms to build trust with consumers in smaller cities and towns. Meesho, now one of the leading players in the segment, has been able to build trust with its shoppers through the social commerce business model. Over the years, lack of trust has been a critical factor affecting e-commerce adoption in India. By allowing consumers to make purchases through social media platforms that they are already familiar with and trust, e-commerce platforms can help to overcome this barrier.
With the potential to achieve higher consumer traction and revenue growth, many e-commerce firms in India are investing in social commerce and developing new strategies to reach consumers in smaller cities and towns, and the trend is projected to further continue in 2023. To promote products and services, firms are also partnering with social media influencers. Over the years, social media influencers have become a popular way for brands to reach younger audiences in India, with many consumers turning to influencers for product recommendations and reviews. By partnering with influencers, e-commerce firms can tap into this trend and reach new audiences in smaller cities and towns in 2023.
The influencer-focused social commerce vertical is becoming increasingly competitive in 2023. This is expected to result in a growing number of mergers and acquisition deals in India over the next 12 months.
In March 2023, The Good Creator Co., the influencer-focused vertical operated by the Good Glamm Group, entered into an acquisition deal with Bulbul, the social commerce startup. The acquisition of Bulbul will bolster the Good Glamm Group’s creator strategy and will also enable the firm to access consumers from Tier II and III cities of India.
The Good Glamm Group has continued with its acquisition strategy in 2023. Including Bulbul, the firm had acquired eight startups since 2022. While the social commerce sector offers a lucrative growth opportunity and more such acquisition deals are expected to take place in 2023, mounting losses and increased competition has also resulted in many players shutting down their social commerce business vertical.
In March 2023, YouTube, owned by Google, announced that the firm is shutting down its live social commerce app Simsim, which it acquired for US$70 million. The development comes two years after the acquisition of Simsim. Notably, growing losses posted by the firm have triggered the downfall of the platform.
Even though YouTube is shutting down Simsim, it announced that it will continue to bet on the social commerce vertical and will work with creators to introduce new monetization opportunities. Alongside YouTube, Amazon has also boosted its presence in the Indian social commerce sector in 2022. The e-commerce giant launched its live commerce service in India in October 2022.
These trends indicate that global investment in the Indian social commerce market is projected to grow significantly over the next 12 months, as players look to capitalize on the next growth wave in the Indian e-commerce industry.
To know more and gain deeper understanding of the social commerce market in India, click here.
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Startups in India are on the rise, with many earning accolades of praise and appreciation all over the world and growing to become unicorns and decacorns even within a few months of being founded at times.
With so many startups and the demography of the youth in India being at an all-time high, choosing whom to work for and deciding where they might find their peak and continuous growth as well can be a bit confusing. To make this process easier, we have created a compilation of the fastest growing startups in India.
What are some of the best startups to work for in India?1. OYO homes and hotels
One of the world’s largest hotel chain, OYO homes and hotels was founded by Rishabh Agarwal as an 18 year old in 2013. Amongst several such awards, OYO has also received Startup of the Year, Financial Express, 2015. OYO has come a long way, from being a start-up, to becoming a unicorn and to now being a decacorn. It is aiming to become the world’s largest hotel chain by 2023. It currently manages 515,000 rooms in 10 countries.
OYO offers a range of employee benefits for a satisfactory work experience, such as –
Competitive Market Compensation
Financial Security
Healthcare
Time Off
Childcare
Employee Stock Options
2. Cure.Fit
A mobile app, Cure. Fit, has brought together the various aspects of healthy living – from physical fitness to nutrition and home delivering food to mental well-being on a single platform in a manner that makes it fun and practical.
Cure. Fit has adopted a revolutionary work system that makes working there a unique, and fantastic experience. Some of those are –
No hierarchy – their belief in action instead of position creates a work environment that affords a satisfactory amount of freedom to employees to work and lead on projects that drive them.
No ‘leave policy’ – because mental and physical wellness is their mantra above all
Perks such as food allowance and certain privileges over their own services and products for all employees.
Flexible working hours – employees have the freedom to decide time and duration for their working hours as best suited to them.
3. TapChief
This is a system to empower professionals to interact and learn from experts in their domain. They can also work with businesses and organizations across the world and aggregate their personal brand online. It is a simpler and more effective way to network, work and learn online.
Employment perks at TapChief
Unlimited vacation days
Pet-friendly HQ and an open to all pantry to boot
Growth and learning opportunities with skilling sessions and monthly meetings with experts from TapChief community.
4. Razorpay
Founded in 2014, Razorpay is a payment gateway in India integrating several payment modes like debit cards, credit cards, net banking, UPI and prepaid digital wallets.
Employee benefits –
Flexible working hours
MacBooks for everyone
Food and snacks
10 lakhs accident insurance (employee)
5 lakhs medical insurance (family floater)
5. Bounce
Based in Bengaluru, a bike renting app, Bounce is the perfect app for the introverts, the recluses and the ones feeling generally non sociable for it has done away with the keys as well as the interaction with humans. Download the app, pick a location and a bike, ride to your destination and move on. No keys. No responsibility. No communication. Within a few months of launching dockless scooters in Bengaluru, the firm has completed over five million rides, covering 30 million km. The founders of Bounce – HR Vivekananda, Varun Agni and G Anil – who started with bikes, bicycles and kick scooters are now looking to convert their entire fleet of vehicles into electronic vehicles.
According to employee reviews, Bounce is a fun place to work at offering free healthcare, pension and mentorship
6. Playment
Founded by IIT KGP/Guwahati 2013 grads, Playment is a data labeling platform which helps machine learning engineers build high quality ground truth datasets for training and validating machine learning models.
Of the perks of working at Playment, some of them are –
Flexible working hours
Office parties
Sports events
Competitive salary
7. Rivigo
Rivigo provides express surface logistics all over the country. The startup was founded in 2014. Logistics unicorn Rivigo was recently granted patent rights by the United States Patent and Trademark Office for its relay truck model, which allows truckers to drive 4-5 hours at a stretch and return home the same day.
Benefits at Rivigo according to employee (current and former) reviews –
Health care and Insurance
Disability insurance
Stock options or equity
Maternity and Paternity leave
Sick leave
Bereavement leave
Job Training and Tuition
8. ACKO
Founded in 2016, ACKO is India’s first InsurTech company. ACKO makes buying and using insurance a seamless, safe and hassle-free process.
Employee reviews acclaim benefits such as free lunch and breakfast, work from home options and great working environment.
9. Mfine
This startup is an AI powered online doctor platform that provides instant online access to doctors from the best hospitals. Employee reviews attribute great learning experience to working here.
10. InterviewBit
This is a platform that teaches you most of everything you need to know for a technological job. It is one of the leading interview preparation websites. Some of the many employee attested benefits of working at InterviewBit are – Healthcare and life insurance, sick leave, free lunch or snacks and reduced or flexible working hours with work from home option as well.
11. UDAAN
This startup is a network centric business that brings buyers and sellers from across the country easily accessible on a single platform. Some of the job benefits according to several employee reviews are –
Healthcare and Insurance, pension plan, stock or equity options, performance bonus, maternity and paternity leave, work from home options, child care facilities, sick leave, bereavement leave and free lunch or snacks.
12. Little Black Book
It is India’s biggest platform to shop and discover independent brands and retailers. Based in Delhi, there workforce is 65% women, and 60% of the leadership is constituted by women. Media, Communication, Marketing and sales form their largest job functions with digital marketing, social media marketing and creative writing as their most common skills.
Client reviews have attributed benefits such as free coffee and the opportunities to learn, grow and meet high end clientele.
13. Dunzo
This Bengaluru based, google backed concierge service platform prides itself in its super quick deliveries, from groceries and pet food to medicines and most of whatever else you may need delivered. Programming languages such as SQL, C ++ and C form its core skills in operations, engineering and sales. They offer wellness camps, medical coverage, monthly Dunzo cash on the app, Parental leave for mothers (6 months) as well as fathers (15 days).
14. upGrad
A further education online platform especially curated for working individuals, upGrad with its expanding business, is on the lookout currently to hire more than 150 employees. It is focusing on education, engineering and business development. The skills most likely to get picked up are SQL, JAVA, Analytics for jobs in sales, marketing and career support.
Employee reviews suggest job benefits such as – work from options, flexible environment, learning opportunities, great company culture and work-life balance, Healthcare and Insurance, free snacks and maternity and paternity leave.
15. Nineleaps
True to its name, Nineleaps enables businesses to take the leap into technological advancement and re-invent. They help the company become increasingly productive and advance in terms of their technological usage in the company’s processes. They welcome freshers and interns and experienced workers alike. To add fun moments and break the monotony of a regular day of work, they sometimes hold hackathons, sports tournaments and various such activities. Women are even offered a cab service from the company. Java, SQL and JavaScript are skills they are looking for in their employees
16. Simpl
An online payment platform, Simpl markets itself ‘anti-wallet’ having enabled online purchases with options such as ‘pay later’. It boats of 2 million transactions in a month with big wig clients such as Zomato and Swiggy. With their largest job functions being in engineering, operations and marketing the skills they most commonly scout are SQL, Analytics and JavaScript among others. They also offer perks such as free lunch or snacks, employee assistance programs and vacation and paid time off.
17. Meesho
Meesho is one of the fastest growing e-commerce companies in India. From homemakers, teachers, and students to boutique owners, professionals and businessmen and women can resell on Meesho. Resellers get the opportunity to earn margins more than 25,000 monthly, get bonus upto 6000 weekly and earn commission upto 5000 per referral. They also cover various insurance plans, offer maternity and paternity leave, work from home options as well as a free lunch or snacks.
18. Digit Insurance
They call themselves ‘the simplifiers’ for how easy and user friendly they make the process of getting an insurance. Their largest job functions are in business development, finance and engineering. Their most common skills are SQL, Business Analysis and Java.
Employee reviews attribute benefits such as onsite parking, gym and creche, coverage of brokerage/relocation costs if moving to job location, healthcare and life insurance, pension plan and performance bonus, employee discount as well as free lunch or snacks.
19. Karza Technologies
Based in Mumbai, Karza Technologies specializes in Banking Applications, Credit Assessment, Loan Monitoring, Fraud Analytics, Big Data Analytics, Business Intelligence. They have no fixed time for their employees nor a minimum number of days to clock in just as long as they get their job done. Their required employee skills are most commonly Python, SQL and Java with largest job functions in engineering, research and business development. Employee review has avouched working at the start up to be a great learning experience.
20. StashFin
A privately held company in the financial services, StashFin is a digital lending venture with its headquarters in New Delhi. The company’s most common skills are SQL, MySQL and Web Development with their largest job function in Engineering, Information Technology and Business Development. They offer perks such as Job training and tuition and performance bonus.
Accreditation and Awards for best companies to work for
The merits of a company and their standard of quality are accredited every year through the means of several professional awards decided by a panel of experienced businessmen and big wig companies of the corporate world. These awards are especially bolstering for start ups since it can raise their credibility and also earn them visibility in the corporate world of corporate function. They also serve as morale boosters for the employees and affords individual recognition to the exceptional workers. Mentioned below are few such nationally and internationally acclaimed awards.
A List of awards that identify good companies to work at
1. Best Company Award by Small Business BC Awards
This is given to the company that displays applaudable leadership. One that empowers its employees, motivating them and making them efficient with innovative HR practices, as well as showing a proven track record of growth profitability for at least the last to fiscal years and must have less than 50 employees.
2. Employees’ Choice Award
Winners for the 2019 Top CEOs and Top CEOs at Small & Medium Companies determined using Glassdoor’s algorithm indicate how good a business is to work for an employee by displaying the approval ratings of existing employees of the company on their CEO.
3. 50 best workplaces in India.
Identified by Global management consulting and research firm Great place this compilation represents the 50 best places to work for in India. The businesses taken into consideration constitute between 100 to 500 employees
4. LinkedIn Top Companies
Where India wants to work now. They take into consideration three things – job application, engagement and employee retention.
5. 100 Best Companies for Women in India
The AVTAR Group and Working Mother joined forces to select the 100 best companies that are facilitating women in thriving at both, work as well as home life. workforce profile, flexible work, women’s recruitment and retention, benefits, paid-time off, company culture and safety and security, as provided by the applicant companies.
6. SHRM India HR Excellence Awards
This award recognizes businesses that put people first. Businesses that recognize the importance of employees in the achievement of their goals.
7. Mercer-NDTV Employer Excellence Awards
Award introduced in collaboration with Mercer and NDTV, this award recognizes the businesses that put considerable effort in making their workplaces diversity friendly, encourages a healthy work life balance and puts their people first. This award is given out in 10 categories – Excellence In Work Life Balance, Employee Recognition, Capability Building, Digital HR, Workplace Diversity, Connected Organization, Career Development, Innovative Hiring, Employee Well-Being, Innovative Benefits
8. Employer Branding Awards
Businesses that realize the importance of creating a proper brand experience for the employees just as much as the customers are the ones recognized through this award. Companies that are contributing to the ‘Talent Management, Talent Development and Talent Innovation’ are who form part of the employer branding status.
9. India’s Best Companies To Work For
Several companies apply to Great Place to Work® Institute in order to get their companies assessed and benchmarked for their workplace culture. They also recognize – Best Companies To Work In Employee Wellness, Best Companies To Work In Employer Branding, Best Companies In Utilizing Analytics To Drive Great Place To Work® Initiative, Best Companies in Workplace Transformation Case Study Competition and Developing People Managers etc.
10. The Aon Best Employers Study and Award
This is one of the most prestigious awards in the corporate world. The companies are finalized on the basis of characteristics – Engagement, Leadership, Performance Culture, and Employer Brand.
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Mobile payments firms in India are now scrambling to make money – DailyKhaleej
Vijay Shekhar Sharma, founder and chief govt of India’s most respected startup, Paytm, posed an existential query in a current press convention.
“What do you consider the business mannequin for digital cellular payments. How will we make money?” Sharma requested Nandan Nilekani, one of many key architects of the Common Payments Infrastructure that created a digital payments revolution in the nation.
It’s the multi-billion-dollar query that scores of native startups and worldwide giants have been scrambling to reply as a lot of them aggressively shift their focus to serving retailers and constructing lending merchandise and different monetary providers .
New Delhi’s abrupt transfer to invalidate a lot of the paper payments in the cash-dominated nation in late 2016 despatched a whole bunch of hundreds of thousands of individuals to money machines for months to observe.
For a handful of startups akin to Paytm and MobiKwik, this money crunch meant netting tens of hundreds of thousands of latest customers in a span of some months.
India then moved to work with a coalition of banks to develop the payments infrastructure that, not like Paytm and MobiKwik’s earlier system, didn’t act as an middleman “cellular pockets” to function an middleman between customers and their banks, however facilitated direct transaction between two customers’ financial institution accounts.
Silicon Valley firms shortly took discover. For years, Google and the likes have tried to change the buying habits of individuals in many Asian and African markets, the place they’ve amassed a whole bunch of hundreds of thousands of customers.
In Pakistan, as an illustration, most individuals nonetheless run errands to neighborhood shops when they need to high up credit score to make telephone calls and entry the web.
With China conserving its doorways largely closed for overseas firms, India, the place many American giants have already poured billions of {dollars} to discover their subsequent billion customers, it was a no brainer name.
“In contrast to China, we’ve given equal alternatives to each small and enormous home and overseas firms,” stated Dilip Asbe, chief govt of NPCI, the payments physique behind UPI.
And thus started the race to take part in the grand Indian experiment. Buyers have adopted go well with as properly. Indian fintech startups raised $2.74 billion final yr, in contrast to 3.66 billion that their counterparts in China secured, in accordance to analysis agency CBInsights.
And that guess in a market with greater than half a billion web customers has already began to repay.
“In the event you take a look at UPI as a platform, we’ve by no means seen progress of this sort earlier than,” Nikhil Kumar, who volunteered at a nonprofit group to assist develop the payments infrastructure, stated in an interview.
In October, simply three years after its inception, UPI had amassed 100 million customers and processed over a billion transactions. It has sustained its progress since, clocking 1.25 billion transactions in March — regardless of one of many nation’s largest banks going by means of a meltdown final month.
“All of it comes down to the issue it’s fixing. In the event you take a look at the western markets, digital payments have largely been centered on an individual sending money to a service provider. UPI does that, nevertheless it additionally allows peer-to-peer payments and throughout a wide-range of apps. It’s interoperable,” stated Kumar, who’s now working at a startup known as Setu to develop APIs to assist small companies simply settle for digital payments.
Vice-president of Google’s Subsequent Billion Customers Caesar Sengupta speaks in the course of the launch of the Google “Tez” cellular app for digital payments in New Delhi on September 18, 2017 (Photograph: Getty Photos through AFP PHOTO / SAJJAD HUSSAIN)
The Google Pay app has amassed over 67 million month-to-month lively customers. And the corporate has discovered the UPI pipeline so fascinating that it has really helpful related infrastructure to be constructed in the U.S.
In August, the Federal Reserve proposed to develop a brand new inter-bank 24×7 real-time gross settlement service that will assist sooner payments in the nation. In November, Google really helpful (PDF) that the U.S. Federal Reserve implement a real-time payments platform akin to UPI.
“After simply three years, the annual run fee of transactions flowing by means of UPI is about 19% of India’s Gross Home Product, together with 800 million month-to-month transactions valued at roughly $19 billion,” wrote Mark Isakowitz, Google’s vp of Authorities Affairs and Public Coverage.
Paytm itself has amassed greater than 150 million customers who use it yearly to make transactions. Total, the platform has 300 million cellular pockets accounts and 55 million financial institution accounts, stated Sharma.
Seek for a enterprise mannequin
However regardless of on-boarding greater than 100 million customers on their platform, cost firms are struggling to minimize their losses — not to mention flip a revenue.
At an occasion in Bangalore late final yr, Sajith Sivanandan, managing director and enterprise head of Google Pay and Subsequent Billion Person Initiatives, stated present native guidelines have compelled Google Pay to function in India with no clear enterprise mannequin.
Mobile cost firms by no means levied any price to customers as a method to develop their attain in the nation. A current directive from the federal government has now put an finish to the minimize they have been receiving to facilitate UPI transactions between customers and retailers.
Google’s Sivanandan urged the native cost our bodies to “discover methods for cost gamers to make money” to guarantee each stakeholder had incentives to function.
Paytm, which has raised greater than $Three billion to date, reported a lack of $549 million in the monetary yr ending in March 2019.
The agency, backed by SoftBank and Alibaba, has expanded to a number of new companies in current years, together with Paytm Mall, an e-commerce enterprise, social commerce, monetary providers arm Paytm Money and a motion pictures and ticketing class.
This yr, Paytm has expanded to serve retailers, launching new devices akin to a stand that shows QR check-out codes that comes with a calculator and a battery pack, a conveyable speaker that gives voice confirmations of transactions and a point-of-sale machine with built-in scanner and printer.
In an interview with DailyKhaleej, Sharma stated these units are already garnering spectacular demand from retailers. The corporate is providing these devices to them as a part of a subscription service that helps it set up a gentle circulation of income.
The agency’s Money arm, which affords lending, insurance coverage and investing providers, has amassed over Three million customers. The top of Paytm Money, Pravin Jadhav, resigned from the corporate this week, an individual acquainted with the matter stated. A Paytm spokeswoman declined to remark. (Indian information outlet Entrackr first reported the event.)
Flipkart’s PhonePe, one other main participant in India’s payments market, immediately serves greater than 175 million customers, and over eight million retailers. Its app serves as a platform for different companies to attain customers, defined Rahul Chari, co-founder and CTO of the agency, in an interview with DailyKhaleej. The corporate is at present not taking a minimize for the true property on its app, he added.
However these startups’ enlargement into new classes signifies that they now have to face off much more rivals, and spend extra money to acquire a foothold. Within the social commerce class, as an illustration, Paytm is competing with Naspers-backed Meesho and a handful of latest entrants; and heavily-backed OkCredit and KhataBook immediately lead the bookkeeping market.
BharatPe, which raised $75 million two months in the past, is digitizing mother and pop shops and granting them working capital. And PineLabs, which has already turn into a unicorn, and MSwipe have flooded the market with their point-of-sale machines.
A vendor holds an Mswipe terminal, operated by M-Swipe Applied sciences Pvt Ltd., in an organized {photograph} at a roadside stall in Bengaluru, India, on Saturday, Feb. 4, 2017. (Photographer: Dhiraj Singh/Bloomberg through Getty Photos)
“They haven’t any alternative. Cost is the gateway to companies akin to e-commerce and lending you could monetize. In Paytm’s case, their earlier guess was Paytm Mall,” stated Jayanth Kolla, founder and chief analyst at analysis agency Convergence Catalyst.
However Paytm Mall has struggled to compete with giants Amazon India and Walmart’s Flipkart. Final yr, Mall pivoted to offline-to-online and online-to-offline fashions, whereby orders positioned by clients are serviced from native shops. The corporate additionally secured about $160 million from eBay final yr.
An govt who beforehand labored at Paytm Mall stated the enterprise has struggled to develop as a result of its goal-post has continuously shifted over time. It has lately began to give attention to promoting fastags, a system that permits car house owners to swiftly pay toll charges. At the least two extra executives on the agency are on their approach out, an individual acquainted with the matter stated.
Kolla stated the present dynamics of India’s cellular payments market, the place greater than 100 firms are chasing the identical set of viewers, is harking back to the telecom market in the nation from greater than a decade in the past.
“When there have been simply 4 to 5 gamers in the telecom market, the prospect of them turning into worthwhile was a lot greater. They have been scaling like loopy. They grew with the bottom ARPU in the world (at about $2) and have been nonetheless worthwhile.
“However the second that quantity grew to greater than a dozen in a single day, and the brand new gamers began providing extra inexpensive plans to subscribers, that’s when profitability began to turn into elusive,” he stated.
To high that off, the arrival of Reliance Jio, a telecom operator run by India’s richest man, in 2016 in the nation with the most cost effective tariff plans in the world, upended the market as soon as once more, forcing a number of gamers to go away the market, or declare bankruptcies, or consolidate.
India’s cellular payments market is now heading to an analogous path, stated Kolla.
If there weren’t sufficient gamers combating for a slice of India’s cellular payments market that Credit score Suisse estimate might attain $1 trillion by 2023, WhatsApp, the preferred app in the nation with extra that 400 million customers, is ready to roll out its cellular payments service in the nation in a few months.
On the aforementioned press convention, Nilekani suggested Sharma and different gamers to give attention to monetary providers akin to lending.
Sadly, the coronavirus outbreak that promoted New Delhi to order a three-week lockdown final month is probably going going to influence the flexibility of hundreds of thousands of individuals to use such providers.
“India has greater than 100 million microfinance accounts, serviced in money each week by gig-economy employees, who hawk greens on avenue corners or embroider saris bought in malls, amongst different issues. Three out of 4 employees make a dwelling by working casually for others or at their household firms and farms. Extended shutdowns will impair their potential to repay loans of two.1 trillion rupees ($28.5 billion), placing the world’s largest microfinance business in danger,” wrote Bloomberg columnist Andy Mukherjee.
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