Flipkart claims it has crossed 75 million registered customers in India, making it the first online retail marketplace to reach this milestone in a single country after United States and China. The company said in a press statement that with this number its registered customer base stands at over 60 per cent of the entire wireless and broadband connections in India. TRAI's March 2016 numbers put the number of broadband connections in the country at around 121 million. The e-commerce website had earlier crossed 50 million installs on the Android PlayStore. The company also claims that over 50 per cent of the traffic on Flipkart comes from non-metros, and that it has seen the fastest rise in terms of customer growth from Tier 2 and Tier 3 cities. In India, the e-commerce market has grown increasingly competitive, with Flipkart, Snapdeal, Amazon, Paytm, Shopclues all vying for customers. Even as Flipkart boasts of its new numbers, a recent report from The Information has said that the Morgan Stanley Institutional Fund Trust had marked down its 27 per cent stake in Flipkart, valuing it at $58.9 million instead of the $80.6 million valuation of June 2015. Flipkart has earlier claimed to be on top of the mobile traffic in India, ahead of Amazon and Snapdeal. And the number game is not limited to Flipkart. In December last year, Amazon announced that it was India’s most visited e-commerce website based on comScore data for September-October quarter. According to the comScore chart put out by Amazon, it had close to 30 million visitors in India by October 2015, just ahead of Flipkart and well ahead of Jabong and Snapdeal. Also read: Flipkart claims to be on top of mobile traffic, ahead of Amazon and Snapdeal Also see: Mukesh Bansal quits as Flipkart’s head of commerce platform
