This COVID19 pandemic has badly affected many businesses throughout the globe, and the GDPs of most of the countries have fallen badly because of a pandemic. Still, this pandemic has forced users worldwide to shift online in each sector, whether study, work, or shopping.
Companies like Amazon, Flipkart, Myntra, and others have benefited from this as users throughout the globe have preferring shopping online rather than going offline due to a lot of reasons. With this, E-commerce companies are expanding their business because of the large increment they have gathered due to this pandemic.
Recently, many E-commerce companies like Amazon, Flipkart, Myntra started their online festive sales because the season of festivals has arrived in India, and this is the time when the Indians shops a lot without any second thought. This festival season is one of the most celebrated months in the Indian calendars, and watching this, these companies started their online sales.
They have recently shared a lot of details that they have observed this time, and we have collected everything about that, and we will be sharing these details in this post.
Amazon started the sale as “Great Indian Festive Sale,” and Flipkart started the sale as “Big Billion Days,” Like this, many other E-commerce companies have their own names for their festive sales. We have mentioned only Amazon and Flipkart because they are the two leading e-commerce companies in the Indian market.
We have come to know from our sources that, this time, these companies have observed a 34% increase in their sales, and this is because the Indian customers have shifted themselves from shopping offline to shopping online due to many reasons.
The first reason is safety; this is the main reason because it is really unsafe to go out for shopping as it can be a reason of getting COVID affected as this is really rising day by day and is not stopping at all. If they order online, they receive their products without any contact, and every precaution is taken.
Also, the customers get a lot of choices for whatever they are ordering and also great discounts are given by these companies saving a lot of money and with these customers gets the safety of health as well as money.
This is also benefitting the sellers of these E-commerce sites as they are getting a lot of sales and earning huge revenues. Amazon announced that 5000+ sellers on their apps had made a revenue of 10 Lakhs+ only in 2-3 days. Flipkart announced that 70+ sellers had received 1Crore+, which is directly benefiting the Indian economy.