Flipkart pips Amazon in June sales even as e-com struggles
India’s largest online retailer Flipkart has consistently nudged ahead of rival Amazon India in monthly sales this year even as the e-commerce market grew at a sluggish pace again in the quarter ended June 30.
In June, Flipkart Internet Pvt Ltd reported monthly gross sales of more than ₹2,600 crore, three people familiar with the matter said.
That compares with gross sales at Amazon India (Amazon Seller Services Pvt Ltd) of more than ₹2,400 crore, two other people familiar with the company’s numbers said. In May, too, Flipkart had reported slightly higher gross sales than Amazon on the back of its Big 10 sale in May (which makes a reference to Flipin kart turning 10 years), the first three people said, requesting anonymity. Including Flipkart’s fashion units of Myntra and Jabong, Flipkart was far ahead of Amazon in the last quarter.
While both Flipkart and Amazon are reporting strong sales growth, the online retail market India continues to struggle. In the June quarter, shoppers bought goods worth $15.5 billion on an annualised basis, according to RedSeer Management Consulting Pvt. Ltd. That implies growth of just 5% from the March quarter, and a 19% rise from the year-ago period, RedSeer data shows.
Both Flipkart’s and Amazon’s numbers indicate the companies are growing faster than the e-commerce market, implying that they are taking large amounts of market share from rivals such as Snapdeal, which has seen sales collapse because of a funding crunch.
Amazon India did not comment on its gross sales but said the company was growing faster than the market.
Flipkart did not respond to requests for comment.