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Hyderabad is a growing hub for e-commerce ventures
Hyderabad is set to become a hub for e-commerce ventures with a plethora of young city-based entrepreneurs taking a leap from brick and mortar offices to online space. “There is a lot of potential in the city market as it is densely populated. So even if there are multiple players, everybody can survive and enjoy their own piece of the pie,
Hyderabad is set to become a hub for e-commerce ventures with a plethora of young city-based entrepreneurs taking a leap from brick and mortar offices to online space. “There is a lot of potential in the city market as it is densely populated. So even if there are multiple players, everybody can survive and enjoy their own piece of the pie,” Venkata Chandrashekhar Bhattaram, director, Zip.in, said.
Zip.in is an online grocery store based out of Hyderabad, where one can order groceries online and have it delivered the same day. The site offers a variety of products starting from fruits, vegetables, cooking oil, rice, pickles, dals, pulses, instant food, jams, honey, soft drinks, etc.
Similarly, Clapone.com, founded in 2013, is an online trend recommendation engine which owns apparel brand ClapOne. It allows customers to own the outfits donned by their favorite actors and actresses. “Our research showed that there was a lot of scope here and so we tied up with designers who could supply such replicated outfits. In three months, we have managed to get 23,000 registered users on board,” said Chinmay Rajula, founder, Clapone.com.
Another young and energetic company Autohona.com is a simple, easy-to-use service which connects auto drivers and customers. It started its operation in August 2014. The beauty of Autohona is that its smart-algorithm and friendly customer service team does all the bargaining for customers.
“We have about 14,000 to 15,000 autos in the city registered with us. Since Hyderabad is an IT hub, 5 out of 10 customers go online to book one," said Shashank Chintapenta, CEO and founder, Autohona. A recent finding indicated that India's e-commerce market is set to touch $6 billion in 2015, a 70 per cent increase over 2014's revenue. Predictably, Hyderabad is among the top destinations for young entrepreneurs to troop in, observers add, pointing to the infrastructural facilities available.
"Also, Hyderabad houses prominent educational institutions, which adds to the quality of ventures. R&D centres of many MNCs in the city are encouraging entrepreneurs to explore the e-commerce platform," said Pradip Mittal, chairman, Hyderabad Angel Network.
