After Flipkart, now it is online apparel marketplace--Myntra's (
Myntra.com)turn to woo the mobile app users with a hefty 50 per cent discount on its entire range of clothing. Myntra is owned by Flipkart hence understandibly it is following the customer acquisition strategy of the former.
However, shoppers will have to move fast as the discount is available for mobile app user only for today. In order to make the deal more sticky for customers, the website is giving additional 5% discount to Axis Bank credit/debit card users. The company is offering 50% discount on its latest winter collection through its ‘App’.
Flipkart acquired Mantra early this year for a whopping $330 million. Together they command close to 50% of the market share.
Flipkart’s 5-day big app sale early this month and Amazon Appiness day sale early this year were widely successful. According to
“Ecommerce Trends to watch out for in 2015,” predicted by us, companies will more frequently launch App based sale and new launches on App next-year to tap the growing mobile user market segment.
According to Global Mobile Operators Industry Body (GSMA), India had 111-million smartphone connections in the second quarter of 2014, trailing leader China, US and Brazil. A GSMA study has predicted that by 2020, four out of every five smartphone connections worldwide will come from the developing world (mainly China and India).
According to another industry report by Ystats.com, India’s large population and growing Internet connectivity contribute to optimism for online retail take off.
“Although India had the smallest B2C E commerce market size and spending per online shopper of the BRIC countries last year, the country is a leader in Internet connectivity growth, particularly through mobile devices,” Y stats report stated. According to the report, mobile shopper penetration in India tops many other countries, ranking third among emerging markets and fourth among Asia Pacific countries. Some online merchants report double digit mobile traffic shares. Over 90% of several hundred million Internet subscriptions registered by the end of 2013 were mobile users.
The etailers wish to tap this highly potential market. The Indian e-commerce sector, pegged at about $4 billion, is expected to grow to $15 billion in two years. Brick-and-mortar stores account for the bulk of India's $600-billion retail market, the majority of which is unorganised. The e-commerce sector's share remains only three-four per cent. This year, investments in this sector have risen to Rs 20,000 crore, four times the amount last year.