E-commerce software major Magento Commerce expands presence in India

ANI | Updated: Jan 03, 2018 17:47 IST

Bengaluru (Karnataka) [India], Jan 3 (ANI-NewsVoir): Magento Commerce, an e-commerce platform whose technology powers 260,000 e-commerce sites delivering over USD 124 billion of GMV with 1,300 plus technology partners, 300 plus solution providers, 255,000 developers (7,500 plus certified), 4000 enterprise customers and a marketplace for 1000s of extensions across 25 plus industry verticals, helps business with B2C/B2B/B2B2C solution continues its investment in the Indian market.

Magento Commerce has a strong portfolio of cloud-based omni-channel solutions, order management, business intelligence and market place extensions. It will empower Indian enterprises with world's most flexible commerce platform to successfully integrate digital and physical shopping experiences in providing end to end eCommerce solution.

The rapidly growing e-commerce market in India is expected to surge from USD 15 billion in 2017 to USD 200 billion by 2027 with GMV CAGR of over 30 percent. Higher smartphone adoption is fueling this digital revolution.

"The Indian eCommerce market is on track to become one of top three largest within the next decade. Magento is well poised to help Indian companies to take advantage of this phenomenal growth by bringing its flexible platform, latest innovations and global expertise. B2B commerce is viewed as a priority focus for many enterprises post GST roll-out in 2017," said Ian Kinsella, Head of Sales, APAC.

The company recently announced the appointment of an industry professional, former Chief Business Officer of Excellor e-commerce and an SVP of Adaequare Group, Anand Natarajan, to join the Enterprise Sales team for India/South Asia. (ANI-NewsVoir)