The future is bright for online fashion and car classifieds
Mrigank Gutgutia1. Once-small online fashion/beauty category on track to exceed USD 7 Bn in GMV in 2019 and USD 25 bn by CY22
Published on: Oct 2019
- Women fashion growing faster and ethnic clothing compared to footwear and other accessories – case of democratization of user base
- Super-verticals growing at 100%+ due to differentiated offerings, fast fashion and BPC (Nykaa, Purplle and others)
2. Structural shift happening in the used car market from the classifieds model to transactions driven model
- Players are shifting to transaction-based models as overall market revenue on track to grow to USD 1 Bn by CY22
3. Partners of on-demand home services platforms are highly satisfied- especially on training and payments
- On-demand home services platforms have added high value to partners, especially on ‘training’ which allows the partners to drive strong income improvement
- Our research shows that women partners coming from smaller cities report especially high satisfaction on this metric, indicating the strong job opportunities these platforms have been able to create for non-working women
Written by
Mrigank Gutgutia
Partner
Mrigank leads business research and strategy engagements for leading internet sector corporates at Redseer Strategy Consultants. He has developed multiple thought papers and is regularly quoted in media and industry circles.
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