Myntraa and Meshoo Pdf. BBA 2nd Year
Myntraa and Meshoo Pdf. BBA 2nd Year
1 Introduction 7-12
2 Companies Profile
Myntra 13-17
Meesho 18-22
7 Sampling 32-33
10 Limitations 55
11 Conclusion 56
12 References 57-58
13 Annexure 59-60
14 Questionnaire 60-63
1
INTRODUCTION
2
There are five essential categories of E-commerce:
Business to Business (B2B)
Business to Consumer (B2C)
Business to Government (B2G)
Consumer to Business (C2B)
Consumer to Consumer C2C)
3
Top 10 Best E-Commerce Companies in India:
Amazon India
Flipkart
Nykaa
IndiaMART
Meesho
FirstCry
BookMyShow
Myntra
MakeMyTrip
AJIO
4
India, offering a platform for buyers and sellers to engage in transactions
across various product categories.
Market size:
5
India's consumer digital economy is expected to become a US$ 1 trillion
market by 2030, growing from US$ 537.5 billion in 2020, driven by the
strong adoption of online services such as e-commerce and edtech in the
country.
Pros:
Owners can generate revenue semi-passively
6
Consumers can easily browse for specific products
Reduced costs assuming digital presence costs less than building, insurance,
taxes, and repairs.
Cons:
Limited customer service opportunities as there is little to no face-to-face
opportunities
Products can't been seen or handled until delivered (can't try before they
buy)
COMPANY’S PROFILE
7
MYNTRA
Available in English
Commercial Yes
Registration Required
Current status Active
8
sell personalized gift items. In May 2014, Myntra.com was acquired by
Flipkart.
In 2011, Myntra began selling fashion and lifestyle products and moved
away from personalisation. By 2012, Myntra offered products from 350
Indian and International brands. The website launched the brands Fastrack
Watches and Being Human.
Business Model:
9
Myntra operates as an online marketplace, connecting customers with a
wide range of fashion and lifestyle brands. It offers a curated selection
of clothing, footwear, accessories, beauty products, and home décor items
from both domestic and international brands.
Acquisition by Flipkart:
In 2014, Myntra was acquired by Flipkart, India's largest e-commerce
company, in one of the most significant e-commerce acquisitions in the
country's history. Myntra was acquired by Flipkart in a deal valued at
₹2,000 crore (US$250 million). The purchase was influenced by two
large common shareholders Tiger Global and Accel Partners.
Brand Partnerships:
Myntra collaborates with both established and emerging fashion brands,
including top Indian designers, international labels, and exclusive brand
partnerships. It also hosts several private labels, offering unique and
affordable fashion options to customers.
Omnichannel Strategy:
10
In addition to its online platform, Myntra has ventured into the offline
retail space with the launch of Myntra Studio, a network of offline stores
and experience centers. These physical touchpoints complement its online
presence and offer customers the opportunity to engage with the brand in
a tangible way.
Sustainability Initiatives:
Myntra has undertaken various sustainability initiatives, including
promoting eco-friendly and sustainable fashion brands, implementing green
packaging practices, and raising awareness about environmental issues
within the fashion industry.
Product Range:
Myntra's product range covers a diverse array of categories, including:
Apparel: Myntra offers a vast selection of clothing for men, women,
and kids, including ethnic wear, western wear, active wear, and more.
Footwear: It features a wide range of footwear options such as shoes,
sandals, sneakers, boots, and slippers for all genders.
Accessories: Myntra provides accessories like bags, wallets, belts,
sunglasses, jewellery, watches, and more.
Beauty and Personal Care: Customers can find skincare, haircare,
makeup, grooming, and wellness products from various brands.
Home Decor: Myntra offers home furnishing items, decor accents,
kitchenware, and other home essentials.
Mission Statement:
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"To revolutionize the fashion retail industry by providing consumers with
a seamless and personalized shopping experience through our innovative
online platform. We are committed to offering a diverse range of high-
quality fashion and lifestyle products, empowering customers to express
their individuality and style."
Vision Statement:
"To become India's most loved and trusted destination for fashion and
lifestyle shopping, known for our unparalleled selection, exceptional
customer service, and cutting-edge technology. We envision a future
where everyone can discover, explore, and indulge in their passion for
fashion, effortlessly and joyfully."
Market Size:
According to Global Data’s 2021 Q3 Consumer Survey, Myntra’s India
clothing & footwear shoppers are 50.2% male, and 49.8% female, and
the retailer’s shopper base is skewed towards shoppers aged 25-44, who
account for a 63.5% share due to their greater propensity to purchase
clothing & footwear online.
Myntra saw a significant boost to its share of the Indian clothing &
footwear market in 2020, from 0.2% in 2019 to 0.5%, due to the vast
numbers of consumers switching to purchasing clothing & footwear online
because of the impacts of COVID-19.
MEESHO
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Industry E-commerce
13
Meesho is an online shopping platform owned by the Indian company
Fashnear Technologies Private Limited. It is an online marketplace that
facilitates trade between suppliers, resellers and customers, with heavy
reliance of external social media platforms such as Facebook and
Instagram.
Meesho was founded in 2015 by Vidit Aatrey and Sanjeev Barnwal, who
aimed to create a platform that enables small businesses, entrepreneurs,
and individuals, especially women, to leverage social networks to sell
products and earn a livelihood.
Meesho had 209,000 users and 1.2 million orders per month in February
2019 and 563,000 users and 3.1 million orders per month in March
2020. It saw big growth during 2021 and 2022. Meesho's monthly
transacting user count rose 26 times during 2020–2022.
Globally, Meesho mobile app was among the top most downloaded apps
in 2021. In 2022, Meesho had about 120 million monthly users and
about 910 million orders were made through the platform.
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Business Model:
Meesho operates on a business-to-business-to-consumer (B2B2C) model,
connecting suppliers and manufacturers with resellers or individuals who
act as intermediaries to sell products to end consumers. Resellers, often
referred to as "Meesho entrepreneurs," promote and sell products through
their social networks and earn a commission on each sale.
Target Audience:
Meesho primarily targets individuals, particularly women, homemakers,
students, and small businesses, who are looking for flexible earning
opportunities without the need for upfront investment or inventory
management.
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Social Impact:
Meesho's model has contributed to socio-economic empowerment by
creating employment opportunities, enhancing financial inclusion, and
bridging the gap between suppliers and consumers in underserved
markets.
Platform Features:
Product Catalog: Meesho offers a wide range of products across
categories such as fashion, apparel, accessories, beauty, electronics,
home decor, and more.
Order Management: The platform provides tools for managing orders,
tracking shipments, and handling customer inquiries and feedback.
Payment and Commission: Meesho handles payment processing and
commission payouts to resellers, ensuring a seamless transaction
experience.
Marketing and Promotion: Meesho offers marketing and promotional
tools to help resellers effectively promote products on social media
platforms and grow their customer base.
Training and Support: Meesho provides training, educational resources,
and customer support to empower resellers and help them succeed in
their businesses.
Future Outlook:
Meesho continues to innovate and evolve its platform to meet the
changing needs and preferences of its resellers and customers. The
company remains committed to democratizing e-commerce, fostering
entrepreneurship, and driving socio-economic impact through its social
commerce model. As Meesho continues to grow and expand its reach, it
aims to empower millions more individuals to realize their entrepreneurial
aspirations and achieve financial independence.
16
Mission Statement:
"To empower individuals, particularly women, to realize their
entrepreneurial dreams and achieve financial independence through our
innovative social commerce platform. We are committed to democratizing
e-commerce, fostering economic empowerment, and creating opportunities
for socio-economic growth across India."
Vision Statement:
"To revolutionize the way people shop and sell online by leveraging the
power of social networks and technology. We envision a future where
every individual has the opportunity to start their own business, connect
with customers, and thrive in the digital economy, regardless of their
background or location."
Market Size:
Meesho's growth is in sync with the growth of ecommerce in tier-2 and
smaller cities in India. "Meesho is the fastest growing ecommerce
platform in India with around 120 million average monthly active users
(MAUs),"
Most products on the Meesho marketplace are unbranded. "In the last 12
months, Meesho's order volume grew 43% YoY with revenue growth at
54% through healthy take rates, repeat customers are around 80%,"
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LITERATURE REVIEW
There are websites providing any number of goods and services. The e-
commerce portals provide goods and services in a variety of categories.
To name a few: apparel and accessories for men and women, health and
beauty products, books and magazines, computers and peripherals,
vehicles, software, consumer electronics, household appliances, jewelry,
audio, video, entertainment, goods, gift articles, real estate and services.
18
D.k. Gangeshwar. (2013), “e-commerce or internet marketing: a
business review from Indian context”, international journal of u- and e-
service, science and technology. Concluded that the e-commerce has a
very bright future in India although security, privacy and dependency on
technology are some of the drawbacks of e-commerce but still there is a
bright future to e-commerce.
19
OBJECTIVE OF THE STUDY
Strategic Decision-Making:
For Myntra and Meesho, understanding consumer preferences can
guide strategic decision-making processes such as product assortment,
pricing strategies, marketing campaigns, and investment priorities. This
allows them to allocate resources effectively and capitalize on market
opportunities.
Competitive Analysis:
Comparing consumer preferences between Myntra and Meesho enables
a deeper understanding of each platform's strengths, weaknesses, and
competitive positioning. This knowledge helps identify areas where one
platform may have a competitive advantage over the other and
opportunities for improvement.
Customer Satisfaction:
By understanding what factors drive consumer preferences, both
Myntra and Meesho can enhance customer satisfaction by tailoring
their offerings and services to better align with customer expectations.
This can lead to increased loyalty and repeat purchases.
21
Consumer preferences reflect not only the features and offerings of
each platform but also the perceived trust and reliability associated
with the brands. Studying consumer preferences helps identify factors
that influence brand loyalty and trust, allowing companies to
strengthen their brand reputation and customer relationships.
Market Segmentation:
Analyzing consumer preferences can facilitate market segmentation,
allowing companies to identify distinct customer segments with unique
preferences, behaviours, and needs. This enables targeted marketing
efforts and personalized offerings to better serve different customer
segments.
Global Perspective:
While Myntra and Meesho primarily operate in India, studying
consumer preferences between these two platforms can also provide
insights into broader global trends in e-commerce. This comparative
analysis can be valuable for understanding how consumer preferences
vary across different markets and regions.
RESEARCH METHODOLOGY
22
Research refer to search for knowledge it is an art of scientific
investigation research comprises definite problem. Methodology is the
branch of logic concerned with the application of the principle of
reasoning to scientific and philosophical enquiry.
23
The research methodology includes the following key elements:
Research Design:
This involves selecting an appropriate research design that best fits the
research question and objectives.
Sampling:
This involves selecting a representative sample of the population under
study.
Data Collection:
This involves selecting appropriate methods for data collection, such as
surveys, interviews, observations, or experiments.
Data Analysis:
This involves selecting appropriate methods for analysing the data
collected, such as statistical analysis, content analysis, or discourse
analysis.
Ethical Considerations:
This involves ensuring that the research is conducted in an ethical
manner.
24
RESEARCH DESIGN
The research problem an organization faces will determine the design, not
vice-versa. The design phase of a study determines which tools to use
and how they are used.
25
In this study Descriptive research studies is used because descriptive
research studies are those studies which are concerned with describing the
characteristics of a particular individual, or a group and situation etc.
The design in such studies must focus attention on the following or process
in descriptive research design is as follows:
Formulating the objective of the study.
Designing the methods of data collection.
Selecting the sample
Collecting the data.
Processing and analysing the data.
Reporting the findings.
26
SAMPLING
Sampling units:
Sampling units refer to the individual elements or entities from which a
sample is selected. They are the specific units or objects within the
population that have a chance of being included in the sample.
In my report Students, teachers, and common people are surveyed
Sampling size:
The sample size refers to the number of participants or units included in
a research study. Determining an appropriate sample size is crucial for
ensuring the reliability and generalizability of research findings. The
sample size should be large enough to provide sufficient statistical power
to detect meaningful effects and to allow for accurate estimation or
inference about the population from which the sample is drawn.
In my report sample size is 50
27
Sampling procedure:
The sampling procedure refers to the method or process used to select
participants or units from a larger population for inclusion in a research
study. The sampling procedure determines how representative and
generalizable the findings of the study will be to the population of
interest.
In my report I have done Selective sampling
Declaration:
I selected my study in descriptive research which includes surveys, facts,
findings and enquiries. The method used for the present study is survey
method. Primary data is collected with the help of online questionnaires
through Google sheet for analysis.
Here,
Sampling units: students, teachers, and common people
Sampling size: 50
Sampling procedure: selective sampling
28
DATA COLLECTION
Primary data:
Primary data refers to original data that is collected first hand by the
researcher specifically for the purpose of a particular research study. It is
data that does not exist previously and is gathered directly from
participants or sources through various data collection methods.
29
Survey method is a research is a technique in which information is
gathered from people through the use of survey or questionnaires.
I have used Google sheet questionnaires for collecting the data.
Secondary data:
Secondary data refers to data that already exists and is collected by other
researchers or organizations. This can include data from government
reports, published studies, databases, or archives. Researchers can analyse
and interpret secondary data to address their research questions or
validate their findings.
30
DATA ANALYSIS
50
45
40
35
30 48
25
20
15 2
10
5
0
yes No
31
2. Respondents who used Myntra:
50
45
40
35
30 46
25
20
15 4
10
5
0
Yes No
Source:- Questionnaire
32
3. Respondents who used Meesho:
45
40
35
30
43
25
20
15
10 7
5
0
Yes No
Source:- Questionnaire
33
4. Respondents preference between Myntra and Meesho:
Meesho
46%
Myntra
54%
Myntra Meesho
Source:- Questionnaire
34
OPINION NO. OF % OF
RESPONDENTS RESPONDENTS
Wide Range of Product 18 36%
Pricing and Discounts 11 22%
Advertisement 14 28%
Customer Service 7 14%
Total 50 100%
14.00%
Customer Service
28.00%
Advertisement
22.00%
Pricing & Discounts
36.00%
Products
Source:- Questionnaire
35
OPINION NO. OF % OF
RESPONDENTS RESPONDENTS
Ethnic wear Product 14 28%
Pricing and Discounts 16 32%
Advertisement 11 22%
Customer Service 9 18%
Total 50 100%
18.00%
Customer Service
22.00%
Advertisement
32.00%
Pricing & Discounts
28.00%
Ethnic wear Products
Source:- Questionnaire
36
OPINION NO. OF RESPONDENTS % OF RESPONDENTS
Excellent 11 22%
Good 25 50%
Average 13 26%
Bad 1 2%
Worst 0 0%
Total 50 100%
60.00%
50.00%
50.00%
40.00%
30.00%
26.00%
22.00%
20.00%
10.00%
2.00%
0.00%%
0.00%
Excellent Good Average Bad Worst
Source:- Questionnaire
37
OPINION NO. OF RESPONDENTS % OF RESPONDENTS
Excellent 4 8%
Good 15 30%
Average 26 52%
Bad 5 10%
Worst 0 0%
Total 50 100%
60.00%
52.00%
50.00%
40.00%
30.00%
30.00%
20.00%
10.00%
10.00%
8.00%
0.00%
0.00%
Excellent Good Average Bad Worst
Source:- Questionnaire
38
Strengths:
Strong Brand Recognition:
Myntra is one of the most recognized and trusted fashion e-commerce
brands in India, known for its wide range of products, quality, and
reliability.
Weaknesses:
Heavy Reliance on Discounts:
Myntra has been criticized for its heavy reliance on discounts and
promotional offers, which may erode profit margins and devalue the
brand over time.
Logistics Challenges:
Fulfilment, shipping, and delivery logistics can be challenging, leading
to delays, damaged goods, and customer dissatisfaction, especially
during peak seasons.
Competition:
Myntra faces intense competition from both domestic and international
fashion e-commerce players, requiring constant innovation and
differentiation to maintain market share.
Opportunities:
39
Expansion of Private Labels:
Myntra can further expand its portfolio of private labels to
differentiate itself from competitors, offer exclusive products, and
improve profit margins.
Omnichannel Integration:
Investing in offline retail channels or partnerships can help Myntra
reach customers who prefer to shop in physical stores and enhance the
overall shopping experience.
Threats:
Changing Consumer Preferences:
Shifts in fashion trends, shopping behaviours, and consumer
preferences may impact Myntra's product offerings and sales if not
effectively anticipated and addressed.
Regulatory Changes:
Changes in regulations related to e-commerce, taxation, or data privacy
may pose compliance challenges and increase operational costs for
Myntra.
40
Strengths:
Empowering Entrepreneurs:
Meesho empowers individuals, particularly women and micro-
entrepreneurs, to start their own businesses without significant upfront
investment, fostering economic empowerment and livelihood
opportunities.
Weaknesses:
Dependency on Social Networks:
Meesho's reliance on social networks for product promotion and sales
may limit its reach and scalability, as it is subject to the policies and
algorithms of these platforms.
Competition:
The social commerce space is becoming increasingly competitive, with
the entry of new players and traditional e-commerce platforms
adopting similar models, posing a threat to Meesho's market share.
Opportunities:
41
Geographical Expansion:
Meesho can explore opportunities to expand its presence beyond India
into other emerging markets where social commerce adoption is
growing, leveraging its successful business model and expertise.
Product Diversification:
Introducing new product categories or niche offerings can help Meesho
attract a wider customer base and differentiate itself from competitors,
capturing new market segments and driving revenue growth.
Technology Innovation:
Investing in technology innovation, such as AI-driven personalization,
augmented reality for virtual product try-on, or predictive analytics for
demand forecasting, can enhance the user experience and drive
customer engagement.
Threats:
Regulatory Challenges:
Changes in regulations related to e-commerce, taxation, or data privacy
may impact Meesho's operations and compliance requirements, leading
to increased regulatory scrutiny and potential business disruptions.
Platform Risks:
Meesho faces risks related to platform stability, security breaches, and
technical glitches that could impact user trust, brand reputation, and
overall business performance if not addressed proactively.
Economic Factors:
Economic downturns, fluctuations in consumer spending, and currency
exchange rates could affect disposable incomes and purchasing power,
impacting demand for Meesho's products and services.
42
Product Selection:
Myntra offers a wide range of clothing, footwear, accessories, and home
decor while Meesho is primarily focused on ethnic wear such as sarees,
kurta sets, and dress materials. Therefore, if you’re looking for a wider
variety of products, Myntra may be the way to go. If you prefer ethnic
wear, Meesho might be the better option.
43
Both Myntra and Meesho offer competitive pricing on their products, but
they differ in their discount strategies. Myntra frequently provides
discounts and promotions on its products, while Meesho provides deals
and discounts for its registered resellers through its app.
Customer Service:
44
Both Myntra and Meesho have responsive support systems in place, with
Myntra offering email and phone support, and Meesho providing chat and
phone support. Both platforms have return policies to ensure that
customers receive refunds or exchanges quickly.
Overview:
Both Myntra and Meesho have their strengths and weaknesses, making it
hard to determine which one is better overall. Myntra offers a wider
range of products, frequent discounts and promotions, and potentially
faster delivery times due to its wider network of sellers.
Meesho specializes in ethnic wear with deals and discounts for registered
resellers through its app and allows customers to choose between free or
paid shipping options.
45
FINDINGS
96% of the respondents have done online shopping
36% of the respondents who prefer Myntra is due to the Wide range
of product that the company offers
46
32% of the Respondents prefer Meesho is due to the pricing and
discounts offered by the company
28% of the Respondents prefer Meesho when they want to buy Ethnic
wear product that are offered by the company
RECOMMENDATIONS
Focus on Sustainability:
Emphasize sustainability initiatives by partnering with eco-friendly
brands, promoting sustainable fashion practices, and adopting green
packaging solutions to appeal to environmentally conscious consumers.
Community Engagement:
Foster a sense of community among customers by launching interactive
forums, social media campaigns, and brand ambassador programs to
encourage user-generated content, foster brand advocacy, and strengthen
brand identity.
48
home goods, and health & wellness products, catering to diverse
consumer needs and preferences.
LIMITATIONS
Apart from the needs and importance of the study, there are limitations
also.
49
The limitations are as follows:
The study is confined to Kanpur city mainly in areas like J.K. Colony
& Maharajpur. Not the customers around the world.
The survey was carried only for 1 month, which was very less time to
conduct any survey.
This study is based on the figure available and the information given
by the customers.
CONCLUSION
50
The study consisted with all the work flows of major e-commerce players
in India, Myntra and Meesho. How they are performing and how they are
running perfectly in the competitive e-world has been explained.
In this competitive market one has to be lead and rest will follow. Based
upon consumer’s survey we got our clear winner and it is Myntra.
Myntra is an Indian company and understood Indians very well and made
its roots stronger in India. Meesho is also giving very tough competition
to Myntra May be it takes some time to overcome, but definitely they
are doing very well in Indian e-commerce market.
REFERENCE
51
"Flipkart acquires E-Tailer Myntra.Com in an around $300 Mn Deal".
IANS. news.biharprabha.com. Archived from the original on 22 May
2014. Retrieved 22 May 2014.
Modhy, Karrishma (20 May 2015). "Will Myntra's move away from
desktop cause its downfall? apart from this they have a strong appeal
amongst smartphone users with this new approach". Tech.firstpost.com/.
FirstPost. Archived from the original on 21 May 2015. Retrieved 21 May
2015.
Shu, Catherine (13 October 2017). "Social commerce startup Meesho gets
$3.4M Series A to build a reseller network in India". TechCrunch.
Retrieved 26 August 2023.
Singh, Manish (13 June 2019). "Facebook backs social commerce startup
Meesho in first India investment". TechCrunch. Retrieved 17 May 2023.
52
Purnell, Newley (22 October 2022). "Meta-Backed Meesho Is Beating
Amazon, Walmart in Race for Indian Shoppers". Wall Street Journal.
ISSN 0099-9660. Retrieved 30 May 2023.
Books:
Marketing Management
Author - C.B Gupta
Publications - Sultan Chand & Sons - Tb
Websites Links:
https://www.myntra.com/wiki-bags
https://www.meesho.com/
https://www.wikipedia.org/
53
ANNEXURE
Logo of Myntra:
Logo of Meesho:
54
CEO of Myntra: Nandita Sinha
55
QUESTIONNAIRE
Hello Friends,
I am Harshit Srivastava pursuing BBA at Axis Institute of
Higher Education. I am doing a Market Survey Project Report on
Consumer Preference Between Myntra and Meesho
I request you to cooperate with me in filling the questionnaire.
Name: Gender: M F
56
5. Do you have ever used Meesho for online shopping
a)Yes
b)No
b)Meesho
57
10. what is your level of satisfaction while using Meesho.
a)Excellent b)Good
c)Average d)Bad
e)Worst
11. what Suggestion will you gave to your Family and friends to use
while online shopping
a)Use Myntra
b)Use Meesho
c)No Suggestion
d)Use other sites
12. Which Site will you prefer if not Myntra and Meesho
a)Amazon
b)Flipkart
c)Snapdeal
d)Other
THANK YOU
58