The Indian e-commerce sector has transformed the way business is done in India and opened up various areas of commerce. The overall e-commerce market is expected to reach USD 350 billion by 2030.
Vietnam-based giant Hibox makes major announcement amid booming Indian e-commerce market. Image: Canva
of E-commerce The Indian e-commerce market is expected to grow significantly as it is projected to reach USD 300 billion by 2030. India has around 800 million internet subscribers, of which around 350 million mature online users are actively transacting. The e-commerce market is also projected to cross USD 160 billion by 2028.
In recent years, India has witnessed a surge in internet and smartphone penetration, contributing to the development of India's digital sector, which is expected to reach US$ 1 trillion by 2030. The rapid increase in internet users and smartphone penetration, coupled with rising incomes, is fuelling the growth of India's e-commerce sector. Malek Salah, Chief Operating Officer, HIBOX, highlighted that India has huge market potential, especially given the Indian youth's eagerness to embrace new and exciting experiences.
In the rapidly evolving e-commerce landscape, Hibox Mystery Boxes, a major player in the mystery box industry, has also announced the launch of its summer collection, which features limited edition surprises designed to delight and entice customers. Mystery shopping apps are gaining popularity as cutting-edge tools that combine technology with the practice of mystery shopping.
The company also has big plans to expand its operations to reach markets in South America and North Africa. Commenting on the new product launch, HIBOX COO Malek Salah said, “We are excited to introduce our summer collection to our customers and can't wait for them to experience the joy and excitement of unboxing these limited edition surprises.” The latest collection is a testament to Hibox's commitment to stay ahead of trends and provide fresh and engaging experiences for its customers. By continually updating its products and introducing new themes, Hibox ensures that its customers always have something new to look forward to, according to a company statement.
The company plans to continue expanding its product lineup and reach, exploring opportunities to collaborate with big brands and influencers to create limited-edition themed mystery boxes, and investing in technological innovations to improve customer experience. online shopping The company added that it will experience and streamline the process of customization.
The Indian e-commerce sector has transformed the way business is done in India and opened up various areas of commerce. The overall e-commerce market is expected to reach USD 350 billion by 2030.
