Have you ever seen an online supermarket selling various kinds of products from A-Z? This is what Flipkart has been doing successfully in the Indian market since its launch in October 2007. Owned by popular American retailer Walmart, it is aggressively taking on its big competitors like Amazon, Shopclues, and Snapdeal.
Flipkart earned a whopping revenue of Rs 5916.3 crores last year. It is also planning to strengthen its business operations by raising funds through an Initial Public Offering (IPO) in the fourth quarter of 2021.
Aspiring entrepreneurs looking to transform the fast-growing e-commerce industry can reach out to a well-equipped app development company for customized Flipkart clone app development.
Qualified developers will create user-friendly mobile apps (Android and iOS) and a web panel for customers and retailers. A modern admin panel will also be created to closely track the day-to-day business activities.
Analyzing the business model of the fabulous Flipkart Clone Script?
Different sources of revenue - An ecommerce app like Flipkart earns huge revenue from the Gross Merchandise Value (GMV) of all products sold through the websites and apps of Flipkart and Myntra. It also pockets money by charging a commission from retailers, delivery fees, Flipkart Plus loyalty program, and order cancellation charges from customers.
Major expenses - The entrepreneurs have to incur significant expenses on distributing salaries to the delivery personnel and other employees, implementing digital marketing campaigns across numerous communication channels, and providing free coins to customers as part of the Flipkart Plus rewards program.
Deep discounting has helped Flipkart to gain more market share in India. The Indian e-commerce market is expected to reach a mind-boggling value of $99 billion by 2024 with a high annual growth rate of 27% for the next three years.
Hence, entrepreneurs can make a big mark in the booming e-commerce market by collaborating with an awesome app development company for game-changing Flipkart clone app development.
Contact Us :
Mail Id: firstname.lastname@example.org
Phone Number: 9791101817
Website Url: https://www.appdupe.com/flipkart-clone