As the Indian e-commerce market becomes a battleground for global giants Walmart, Amazon and Alibaba, the market is intense and full of speculation. While these companies continue to focus on customer acquisition and retention, a Citi research report has suggested that Amazon India could be valued at $16 Bn right now.
Sixteen billion dollars! This figure has been in many headlines since Walmart acquired an over 77% stake for $16 Bn in Flipkart and caused much unease to Amazon. However, Amazon India, too, is worth the same amount now.
Citi Research released a report last week in which it said that Amazon India is expected to reach $70 Bn in gross merchandise volume (GMV) and $11 Bn in net sales by 2027.