Harish Bahl, (founder, Smile Group) is a serial entrepreneur who has successfully founded some of the leading ecommerce and digital media companies in India & other emerging markets, in the space of consumer internet and digital media. His portfolio includes Juvalia, FREECULTR, FashionAndYou.com, DealsAndYou.com, BeStylish.com, Quasar (now majority acquired by WPP), Tyroo& many such successful companies. Harish was awarded with the Udyog Rattan in year 2009 & was awarded as the Best Entrepreneur of the Year in 2011.
I recently read an article describing India's unprecedented e-commerce growth as a "primed-up athlete finally hitting his full stride." But is India sitting on the cusp of an e-commerce bubble or will the growth multiply? If the truth be told, e-commerce has been booming for the past 15 years, but the ecosystem has only now started to fall in place - and this can be substantiated by the following factors.
Emerging markets, given their potential, will start to feature in priority markets for all mobile-first companies. But as the window of opportunity shrinks, founders will need to adjust their approach and strategies.