Paytm minted 300 crore this Diwali.

M-Commerce pioneer , Paytm sold goods woth Rs 300 crore this Diwali . The company backed by China’s Alibaba group sold goods ranging from mobiles phones to motorcycles and bicycles .The company launched in 2010 made a huge progress in online to offline mode which is touted to be the big next thing in the ecommerce Industry .In this model the consumers selects and pays online while get the delivery from the showroom. Th ecompany sold more than 500 Mahindra motorcycle with whom they have the exclusive sale contract and 1000 bicycles. The company was providing a whopping 25% cash back on the Mahindra motorcycles.

Company’s biggest selling category , mobile phones showed a 5 fold incrase in the sales as compared to the daily average sale. The devices were also sold in an online to offline mode as the company has made a tie up with the mobile store , the largest retail chain for mobile phones in the country.

South India was the largest shopper of Snap Deal in this Diwali season.

In a statement released by Snap Deal , South India accounted for 35-40% of the total sales done by the company in this Diwali season. The total value of the total sale made was not reveled but the company said it made ten-fold increase in the user registered with the company. The tp categories shopped were Sarees , gold and Jewellery .

According to Vishal Chadha , Sernior Vice President of Market Development the company received 12 million visits this season with 12 orders per second on the peak days. A total of 50,000 sellers posted a increase in their sales through the platform with 5,00 of them made a record fivefold increase in the sales.

Alibaba rakes the moolah , clocks $14.3 billion in revenues in 24 hours

China’s Ecommerce giant Alibaba reported a bumper Chinese singles day by selling goods worth $14.3 billion in 24 hours. The company broke its last year’s $9.7 billion record. The top product sold on the platform were mobiles phones (62.6 billion yuan) which contributed 70% to the total revenue of the company. The research and analysis company Forrester said in a statement that Chinese consumers are accustomed to buying smart phones online over 76% of their customers were from metropolitin cities. The other items that stole the show were baby related products , Nike sneakers and Levis jeans.

In a statement from Chinese smart phone manufacturing comapany Xiaomi , it sold smart phones worth 1.25 billion yuan on the day across both the platforms Alibaba and JD.com.Xiomi made a spectacular 100 million yuan in sales before the midnight

Single day Overseas

Alibaba has clainmed that it has customer buying its products from the overseas markets as well. Many other retailers in other countries also made moolah on the singles day by selling products to Chinese and other communities living in their respective countries.