TikTok had a monthly active user base of 170 million (DAU) in India when it was banned
Quick commerce refers to delivery of consumables within 45 minutes with a nominal delivery charge; Dunzo and Swiggy Instamart are some of the players
Online retail is set to become the third-largest by scale with an annual GMV of $350 billion by CY30
The RedSeer-Shadowfax Delivery Delight Index survey found that in CY2020, direct-to-consumer brands grew three times faster than overall e-commerce in India
The recovery is likely to go on a downward trajectory with a drop of 30-40% as many states like Maharashtra, Delhi and Karnataka, among other states, go into lockdown, says the consulting firm
Daily unique active users for these apps are at 97 per cent of the total number in June 2020, when TikTok was banned in India
According to a RedSeer report, 40% of TikTok's 170 million India user base has already been captured by homegrown apps such as Josh, Moj, and Chingari
Net Promoter Score is a metric dependent on content library, quality of content, pricing and overall app/web experience offered
Social commerce in the country is poised to touch up to $7 billion (around Rs 51,703 cr) in GMV by 2025
Indian wealth-tech market is expected to grow three times by FY25
With the pandemic bringing about a change in consumer behaviour and an increase in online adoption, Flipkart has been focusing on enhancing consumer experiences by strengthening tech capabilities
Convenience and comfort of ordering from homes apart from discounts pushing people to choose e-commerce over offline
Online education will be critical in driving this from a supply point of view as offline infrastructure is not enough to cater all alone, he added
By 2025, wallets are expected to have a higher penetration and lower-income would eventually drive multiple small-ticket transactions
Both Amazon and Flipkart are signing up deals with mobile manufacturers, looking to capitalise on demand for smartphones