Flipkart India races ahead of rival Amazon in six monthly sales growth

The logo of Flipkart Online Services Pvt is seen on the side of a package at the company's office in the Jayaprakash Narayan Nagar area of Bengaluru, India, on Wednesday, Oct. 26, 2016. Photographer: DHIRAJ SINGH/Bloomberg

The revival in the online retail market has picked up pace this year as the sale events ahead of the September-November festival season drove strong growth at the nation’s two largest e-commerce companies, Flipkart India Pvt. Ltd and Amazon India. Among the two, Flipkart, which owns the fashion retailers, Myntra and Jabong, is growing faster than Amazon, indicating the company is gaining market share over its arch-rival, even as Walmart prepares to close its purchase over the next month.

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