As Flipkart, Amazon gains market share, Paytm Mall feels the heat
- 5 years ago
The market share of Paytm Mall almost halved in 2018 to 3 percent from 5.6 percent in 2017, according to data by Forrester Research. In terms of gross merchandise value — a measure of the growth of an ecommerce business — sales slipped to $800 million in 2018 compared with $1 billion in 2017, according to industry sources. Losses were at Rs 1,787 crore on total revenue of Rs 775 crore in FY18.