Indian ecommerce sector is killing it already! Will generate more than $50 billion in the coming years

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Indian ecommerce sector is killing it already! Will generate more than $50 billion in the coming years After the rise in the Information and Technology arena, it seems like India is going to witness the glut of eCommerce industry, which is ruling the entire marketplace. As per a recent Economic Times report, the country’s biggest eCommerce startups are in full swing to woo global technology and business leaders.

The report talks about firms like Ola, Flipkart and Paytm which are looking forward to have technology and business experts onboard to cope with challenges of rising complexity and scale in their companies.

The firms, in particular, are eyeing experts including PepsiCo chief executive Indra Nooyi, payments startup Square's head of engineering Gokul Rajaram and Google Senior vice-president Sundar Pichai.

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On condition of anonymity, the founder of one of these startups said, "It's quite lonely at the top—investors are bringing more money with subtle expectations about big exits, and there aren't many in the management who can be trusted for balanced advice. These names have been through cycles of growth pangs and can even help us balance investor pressures with day-to-day management."


In a series of hiring, Paytm, last month, hired Ruchi Sanghvi, the first woman engineer at Facebook, WhatsApp global business head Neeraj Arora and InMobi Founder Naveen Tewari. The high-profile appointments had been made to compete with the Indian online retail professionals.

On the other hand, Ola appointed Arun Sarin, former Vodafone CEO, as independent director. While announcing the appointment, Bhavish Aggarwal, co-founder and CEO of Ola, said, "(Sarin's) experience in management and in growing large businesses is invaluable to us. Arun not only brings global perspective, but also very deep understanding of emerging markets like India."
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Paytm founder and CEO Vijay Shekhar Sharma expects India will have about five emerging technology firms creating more than $50 billion (about Rs 3 lakh crore) in wealth, and they will all need experienced executives on their boards who have helped build such companies. He said, "It is a sign of playing long-term and faith that credible business leaders are putting in new-age business models."

Image: thinkstock