Wirefoot

MakemyTrip has reported gross booking of $264.1mn for the quarter ending 30 June, 2011(up 51.2% year over year). Air Ticket transactions grew 53.1%, leading to a 49.4% growth in gross bookings, while Hotels & Packages transactions increased by 72.1%, leading to a 60.8% growth in gross revenue from the segment. For the quarter, a profit of $1.517mn for the period, compared with $1.708mn for the same period last year, on a Net Revenue growth of 52.3% to $21.104mn, up from $13.859mn year on year.

It is expected that the online travel market will touch Rs 37,890cr mark by the end of this year
E-Tailing, which includes purchases of durable products as well as personal items will constitute about 6 percent (Rs 2700cr), Online financial services, including online transactions such as paying utility bills, will have about 5 percent (Rs 2680cr), Online classifieds, such as dating, matrimonial and jobs, will have about 5 percent (Rs 2150cr) share in the e-commerce market by the end of 2011

Asia will experience a great increase in Online population in coming 3 years

Sales growth rate of E-commerce (Worldwide)

Region-wise sales growth rate in E-commerce

Group buying is the hottest thing in E-commerce. It came to India only in late 2009. Since then it has been growing by leaps and bounds. Even Internet giants Google and Facebook recently entered the field with Google Offers and Facebook Deals. Around 20 group buying sites in India have 12.7 million users, or more than the population of Mumbai, the country's most populous city with 11.98 million people, according to Census 2011

E-tailing will be the next big thing in Indian retail industry, if companies would make better business strategies and understand their customers needs. According to a study minimum 8 out of 10 consumers will buy online in coming year. Customers are spending almost 11% of their monthly expenditure on online purchase. Pls add if you have anything!!

The current online shoppers base in India is 34.5 million, 6.5 million more than last year’s figure of 28 million. The rest 78% online shoppers only search for products online.
India’s National Per Capita income is US$ 2,880, so for a population of 7.72 million it is calculated to be US$22 Billion. So if, only 10% is being spent on the online spend, it still calculates to be US$2 Billion.

E-commerce is on its upswing in India with 35-40% growth rate in Online retail sector, retailers are going online to optimize their business. E Commerce is expected grow to INR 46,520 crores in 2011. E-tailing is about to reach to 3000 crores in this year.