There are plenty of business model options available for startups. They choose according to their business field, work, and customers they want to engage with. Among such, the Customer to Customer (C2C) business model is quite prominent. In this business model, customers trade products with each other. This is majorly done through auctions and assessed advertisements.
With the growing marketplace in India, many startups are pursuing a C2C business model. The C2C businesses combine with eCommerce technology and gather their potential audiences.
C2C companies like eBay, and Amazon sell their products and services through a well classified or through an auction system. The customers generally purchase goods from another customer through a third party, where the transaction occurs.
When it comes to India, there are dozens of companies that follow the C2C business model and many have adopted it lately. The eCommerce and online auction platforms specialized in the technology of the third party which stimulates the buying procedure. In this article, we will be talking about the top C2C eCommerce companies in India. Let's get started!
India's leading online platform, eBay provides auctions, timely purchasing, and assessed models of trading from person to person. The company was established in 2006, headquartered in Goregaon (East).
eBay offers a broad range of product marketing, categorized into dozens of lists including Apparel, Cars and bikes, computers, personal loans, health & beauty, antiques, jewellery, real estate, mobile phones, travel, and many others. eBay is listed out in 'Top Websites in India' with the ranking of 25th.
Coutloot is a social commerce platform founded in 2015. It is widely known as India's biggest offline and online social marketing platform that offers its customers the service of selling anything online to buyers with reasonable bargaining, across the country.
Quikr is a very prominent online C2C eCommerce marketplace, launched in 2008 that offers a series of posting and reacting to free local confidential ads of various kinds including Apartments, Pets, furniture, jobs, events, cars, housing, and others.
Today, Quikr has expanded its services to more than 940 cities across India. The company is headquartered in Mumbai, Maharashtra, India. According to Alexa, Quikr is listed in the 'Top Website in India' at the 16th position.
Well, Olx has made quite a strong presence in the digital market in today's era. The company was established in 2006. Olx is known as the strongest and most popular consumer to consumers (C2C) based digital platform in India.
Olx offers the service of selling, buying, and renting goods through free assessed advertisements from customers' locales. You can buy anything including cars, bikes, furniture, mobiles, computers, apartments, electronics, and properties, digitally. Olx is ranked 32nd by Alexa.
Amazon is an extremely popular and largest online retailer across the world. The most interesting thing about Amazon's marketing is it operates both business consumers (B2C) as well as consumer to consumers (C2C) business model. Although the company is headquartered in Seattle, Washington, United States, in India, the company is known to be the biggest E-commerce company.
Amazon has over 334555 employees with annual revenue of $221.60 billion. The company was founded by Jeff Bezos who has stepped down from the position of CEO of Amazon. It acquired around 83 companies such as Canvas technology, Blink, Pillpack, and Ring.
There are tons of companies in the market that are shifting towards the consumer to consumers (C2C) model and getting great outcomes. Through this, the companies are improving their customer relations and developing more potential audiences. Especially the eCommerce companies opt for the C2C business model. And with such growing technology and marketing, C2C based companies are making enormous outcomes.
What is an example of C2C in India?
Some examples of C2C eCommerce startups in India are eBay, Amazon, and Quikr.
What is C2C?
C2C is a business model in which the customers trade with one another in an online environment.
What is the difference between C2C and B2B?
In a C2C model, the customers trade with one other while in a B2B business model the company concentrates on providing the raw data for another company.