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ecommerce success story?

Amazon

Jeff Bezos

-Jeff Bezos,

Founder of Amazon.com

Jeff Bezos incorporated the company as "Cadabra" on July 5, 1994 and the site went online as Amazon.com in 1995.[18] Bezos changed the name cadabra.com to amazon.com because it sounded too much like cadaver. Additionally, a name beginning with "A" was preferential due to the probability it would occur at the top of any list that was alphabetized.

Amazon's initial business plan was unusual; it did not expect to make a profit for four to five years. This "slow" growth caused stockholders to complain about the company not reaching profitability fast enough to justify investing in, or to even survive in the long-term. When the dot-com bubble burst at the start of the 21st century, destroying many e-companies in the process, Amazon survived, and grew on past the bubble burst to become a huge player in online sales. It finally turned its first profit in the fourth quarter of 2001: $5 million (i.e., 1¢ per share), on revenues of more than $1 billion. This profit margin, though extremely modest, proved to skeptics that Bezos' unconventional business model could succeed. In 1999, Time magazine named Bezos the Person of the Year, recognizing the company's success in popularizing online shopping.

Flipkart

Binny Bansal and Sachin Bansal

-Binny Bansal and Sachin Bansal,

the founders FlipKart

Flipkart, owned by a Singapore based holding company, is a E-Commerce company established in 2007 by Sachin Bansal and Binny Bansal. It operates exclusively in India, with headquarters at Bangalore, Karnataka. Flipkart has launched its own product range under the name "DigiFlip" with products including tablets, USBs, and laptop bags. Flipkart also has its own range of personal healthcare and home appliances under the brand "Citron" and apparels under the brand "Flippd".

In May 2014, Flipkart received $210 million from DST Global and in July it raised $1 billion led by existing investors Tiger Global and South Africa's media group Naspers. Flipkart's last fundraising round in December had pegged its valuation at $12 billion.

Ebay

Pierre Omidyar

-Pierre Omidyar,

(Founder of eBay)

Jeffrey Skoll was hired as the first president of the company in early 1996. In November 1996, eBay entered into its first third-party licensing deal, with a company called Electronic Travel Auction to use SmartMarket Technology to sell plane tickets and other travel products. Growth was phenomenal; in January 1997 the site hosted 2,000,000 auctions, compared with 250,000 during the whole of 1996. The company officially changed the name of its service from AuctionWeb to eBay in September 1997. Originally, the site belonged to Echo Bay Technology Group, Omidyar's consulting firm. Omidyar had tried to register the domain name echobay.com, but found it already taken by the Echo Bay Mines, a gold mining company, so he shortened it to his second choice, eBay.com.

n 1997, the company received $6.7 million in funding from the venture capital firm Benchmark Capital.

Meg Whitman was hired as eBay President and CEO in March 1998. At the time, the company had 30 employees, half a million users and revenues of $4.7 million in the United States.[citation needed]

eBay went public on September 21, 1998, and both Omidyar and Skoll became instant billionaires. eBay's target share price of $18 was all but ignored as the price went to $53.50 on the first day of trading.

Snapdeal

Kunal Bahl

-Kunal Bahl,

(Founder and CEO of Snapdeal)

Snapdeal.com was started in February 2010 as a daily deals platform inspired by Groupon.com but expanded in September 2011 to become an online marketplace. Snapdeal has grown to become the largest online marketplace in India offering an assortment of 4 million+ products across diverse categories from over 50,000 sellers, shipping to 4,000 towns and cities in India.

In the year 2012-13 Snapdeal had said that it expected revenues of about INR600 crore (US$94 million). Betting big on the growth of mobile commerce, Kunal Bahl, the CEO, said at the time that 15-20 per cent of the sales on Snapdeal came through m-commerce. Snapdeal.com expected the total sale of products traded on its platform to cross INR2000 crore (US$310 million) in the fiscal year 2013-14 helped by its robust growth in the past two years and the growing popularity of e-commerce in India. In June 2014, Snapdeal announced that it had achieved the milestone of 1000 sellers on its platform getting sales of over Rs 1 crore.

BagItToday

Gaurav Kachru

- Gaurav Kachru,

Founder of BagItToday.com

"BagItToday.com is one of the first flash sale sites launched in India and is run by media house India Today’s digital arm. The group is betting big on e-commerce this year and also planning acquisitions in this space.

Salil Kumar, CEO, BagItToday, offers Techcircle.in a wealth of prudent and prodigal opinions on the inevitable consolidation in the e-commerce industry, the flux in the ecosystem, various challenges being faced and how BagItToday is poised for change.

The founder says,""I see the market heating up and it will get overcrowded very soon. After which, we can expect consolidation and one or two clear leaders in the long run. The key differentiation will be intent, because a lot of the new smaller players and those with a ‘me too’ offering mostly, have come up to make a quick buck through VC funding or a merger/acquisition. This is quite apparent when you read that, in the month of May alone, India saw $40 million worth of funding in this space. We are open to acquisitions but will wait for the right opportunity and time."""

Lenskart

Peyush Bansal

- Peyush Bansal,

Founder of lenskart.com

"Peyush Bansal (CEO & Founder), Amit Chaudhary (Co-founder) and Sumeet Kapahi (Co-founder) launched Lenskart in October 2010 with a vision to “create value using Internet” and today this unique venture of selling eyewear online has become a huge success. At a time when people were just wondering whether they would buy anything other than books online, this duo managed to sell eyewear online!

With a ‘vision’ to change consumer habits and harness the power of Internet, the duo toiled hard, got VC funded, recruited people from reputed institutions like IITs, IIMs, and built an awesome team at their office in Okhla, New Delhi. Now, they’re looking to expand their core strength by getting new people on board at the Startup Jobs Fair."

Giftease

Vivek Mathur

- Vivek Mathur,

Founder Of Giftease.com

"Ex-VP, Shopperstop, Vivek Mathur is all set for his new venture giftease.com. The company is in the space of offering merchandise and experiences in the gifting space offered via offline and online mode. It has started its operation a while ago and is based in Pune.

On contacted by iamwire, enquiring about the venture a month ago, Vivek said, “We are currently working to start up a gifting-focused online retail business, and plan to launch in the next few weeks.”

Giftease is also expected to open gifting stores in the malls in all Metro cities of India and will enrich customer experience in the gifting space in the country. Its first store would be launched in the Phoenix Market City Pune shortly. The website has gifts under different categories including occasions, men, women, kids, Home & family. It also has gift finder where user can find gifts based on occasion, Recipient, and Price range."

Ticketplease

Jimmy Mistry

- Jimmy Mistry,

Founder of ticketplease.com

"Buzz is that the talented actor Ajay Devgn is a part of new ticketing cum entertainment website called www.ticketplease.com. This website is a one-stop portal for tickets to movies, concerts, plays and sports events. With the growing convenience of online ticketing and entertainment this website has everything you need from Expert Film reviews to Exciting features, Celebrity news and interviews, Thrilling trivia and more. Be it about upcoming movies, concerts or celebrity events…you can catch the whole lot here!

What’s more, one can also shop online for movie cds, dvds and merchandise! And it doesn’t end here. This site also gives the fans a platform to connect with their favorite celebrities through online chats, blogs, videos and photographs! One can also become a member and avail special discounts, loyalty benefits and the works!"

BigBasket

VS Sudhakar

- VS Sudhakar,

Founder Of BigBasket.com

"BigBasket.com (Innovative Retail Concepts Private Limited) is India’s largest online food and grocery store. With over 10,000 products and over a 1000 brands in our catalogue you will find everything you are looking for. Right from fresh Fruits and Vegetables, Rice and Dals, Spices and Seasonings to Packaged products, Beverages, Personal care products, Meats – we have it all.

Choose from a wide range of options in every category, exclusively handpicked to help you find the best quality available at the lowest prices. Select a time slot for delivery and your order will be delivered right to your doorstep, anywhere in Bangalore, Mumbai, Hyderabad, Pune & Chennai. You can pay online using your debit / credit card or by cash / sodexo on delivery. We guarantee on time delivery, and the best quality!"

FabFurnish

Vikram Chopra

- Vikram Chopra,

Founder of FabFurnish.com

"FabFurnish.com is an Indian furniture and interior decoration retailer founded in 2012. FabFurnish.com retails online, and has showrooms in India. The company was launched in March 2012 by Vaibhav Aggarwal, Vikram Chopra and Mehul Agrawal. As an online retailer, the company offers about 60,000 products. There are also four franchise stores in Gurgaon, Bangalore and Faridabad. The company is fully owned by Rocket Internet & is headquartered in Gurgaon, NCR.

Products are sold under several private label brands, including Fab Home, KingSelect, Elmwood, Blossoms and Rocca, in addition to national and international brands. In a 2014 marketing campaign, the company used the tagline ‘Home of Fimagination’, after holding a social media contest asking for a new word that expresses ""freedom of imagination.""

FabFurnish.com follows both an inventory model and a managed marketplace model. In the inventory model, products are sourced from brands and stored in the FabFurnish warehouse. In the managed marketplace model, FabFurnish provides marketing, logistics and delivery."

BlueStone

Gaurav Singh Kushwaha

- Gaurav Singh Kushwaha,

Founder Of BlueStone.com

"BlueStone is an online jewellery store that houses high quality jewellery and accessories with strikingly exquisite designs. With its affordable rates and unique shopping experience, BlueStone is your one stop destination for making any given day an occasion. That's precisely what you can expect at BlueStone.com. An online jewellery store that's positioned to cater to stylish men and women, BlueStone houses exquisite pieces of jewellery, designed to appeal to people with unique tastes.

One of the first companies to serve the online elite, BlueStone aims at revolutionizing the Jewellery and Lifestyle Ecommerce scene in India with its firm focus on affordability, quality and user experience. Walking in and out of stores is impossible in today's world, where every second matters. Thanks to our online collection, all you have to do is click and choose. Don't wait for an occasion, as our portal is designed to make your shopping experience a tad easier. Show your beloved that you care, and put a smile on her face!"

Pepperfry

Mr. Ashish ShahCOO and Mr. Ambareesh MurtyCEO

- Mr. Ashish ShahCOO and Mr. Ambareesh MurtyCEO,

Founder of Pepperfry.com

"Pepperfry.com, which claims to be the largest online furniture and home store, is looking to raise $50-60 million in a fresh round of funding in a couple of months as it expands its online presence and also prepares to set up offline stores in Mumbai, Delhi-NCR, Bengaluru and Chennai.

Pepperfry has been a spectacular success story, if one goes by its promoters' claims. It has grown to four times in the last year and says it is now shipping 15,000 pieces of furniture a month.

The company was founded by two former eBay employees - Ambareesh Murty, who was a former eBay Country Manager and Ashish Shah who was a former head of eBay Motors-India and Philippines. Pepperfry initially offered a selection of products across multiple lifestyle categories but switched its focus to furniture and home decor last year. Initially, it was funded by the founders themselves, but they then raised $ 5 million in Series A funding from Norwest Venture Partnersin December 2011. The second round of funding got Pepperfry.com $8 million from Norwest Venture Partners (NVP) in 2013. Early this year, it raised another $15 million in the third round of funding led by Bertelsmann India Investments (BII), the strategic investment arm of the international media company Bertelsmann in India. Current investor Norwest Venture Partners (NVP) had also participated in this round.

Pepperfry has raised $28 million in three separate rounds of funding and the latest move to raise more funds is actually an ambitious leap - it wants to raise twice the amount it has raised till now, that too in a single round. Pepperfry.com has been using funds for marketing, improving supply chain and expanding reach of last mile delivery."

Taxiforsure

Raghunandan G and Aprameya Radhakrishna

- Raghunandan G and Aprameya Radhakrishna,

Founder Of Taxiforsure.com

"It all started with the typical ‘in-a-bar’, ‘on-the-tissue-paper’ evening. Both of us were frustrated with the fact that every time that we traveled and needed a taxi, we had to call two or three operators, for the glimmer of hope that we’d receive a taxi sometime in a two or three hour time frame.

We actually kept discussing on whether to become a meta-search engine that would provide a list of different taxi operators. Then one thought led to another and voila, we stumbled across the idea to be an aggregator for the radio taxi industry in India. What we call to be pure ‘Serendipity’. Now you know where the name of the company comes from. Since that point, our idea to become a taxi aggregator has become a reality, we call ourselves TaxiForSure, and we strive to be the idyllic service for anyone who needs transportation. This has not been an easy feat by any means and our vision has gone through many iterations to become what we are today.

As the ideas, thoughts and product designs began to accumulate our main objective to provide you, the customer, with a safe, reliable and easy taxi service, still proved to be the focal point. We believe that in today’s day and age, one should have confidence that their taxi will arrive on time and that you will not be over charged, and for these reasons, we introduced the much needed transparency.

Going along with the theme of empowering our customers, we have introduced various ways you can book a taxi. You can call our infamous phone number (60601010), tap twice on your smartphone using our application (for Android, iOS and Windows), or you can use our website (TaxiForSure.com).

So next time you need a taxi to/from the airport or when you need to make sure you reach home safe after an awesome Saturday night, or you’re just planning a weekend road trip with your dearest friends or any other reason, trust us to help you get the right taxi!"

Got experience in selling on the market place, its time for your online store

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