An India e-commerce study done late last year by IAMAI-IMRB pegged the industry to reach Rs.9210 crores by the end of 2007-08. In this, the etailing market is expected to have a share of Rs.1105 crores. The study also gives the things going for and against etailing. More recently, the JuxtConsult India Online report states that 80% of all regular online Indians ‘shop’ online they either search or buy online, though I dare say that this would be driven a lot by online travel bookings than by etailing.
So, perhaps, the timing could be just right for Storrz. I first came across the site when i read the coverage of Proto last month, and have been wanting to check it out ever since. But the immediate stimulus were recent articles in Headstart, and Mashable. I signed in, and was given an option to invite my friends too from the different email services, with a reward possibility too. A small query here, why not friends from my social profiles too, the reason being, my conversations there are so much more contextual. It would work great, for say the tees brands like Xtees, Youthcode, Nitrotribe etc. In general, aren’t those networks better places to find existing social crowds who can add quite some value to a social shopping network? (more…)