The writing has been on the wall for some time and it showed up prominently during the festival-season sales last year, when Meesho toppled Amazon to become the second-largest player in order share.
During the sales season, 60 per cent of the orders Meesho received were from tier-4 cities and beyond. According to a report by consulting firm Redseer, festival-season sales last year were driven primarily by tier-2 and tier-3 cities, with 64 per cent of the shoppers coming from those. About 125 million shoppers from tier-2 cities and beyond placed orders across platforms in the festival month.
E-commerce in India is witnessing increasing demand, fuelled by a continuing rise in smartphone penetration and digital literacy. To cater to this growing market, large e-commerce firms like Snapdeal, Flipkart, and Meesho are offering value-focused products. Value e-commerce essentially refers to offering users quality merchandise at affordable prices.
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