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| CoralHub.com survey predicts 35% growth for the online book market in India |
| Announcement / Corporate Nov 02, 2009, 20:08 IST |
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Adds 2 million new books, and announces “best ever” deals and quickest shipping.
Though online book retailing is in very nascent stage in India and there are very few players in the business, a survey, commissioned by online bookstore CoralHub.com predicts a promising future for the industry. According to the survey, the online book market in India is expected to grow by 30-35% during next 5 years, and 25% in later years.
The survey estimates the total size of the Indian book market is about Rs. 3750 crore. The online book industry is presently worth over Rs. 59 crore and is expected to witness a rapid growth due to wide scale Internet penetration in tier II and tier III level cities.
CoralHub.com also announced that it has touched 5 million mark with the addition of 2 millions new books. The company which is part of BSE/NSE listed digital content solution company Vishal Information Technologies Ltd, will offer discounts upto 30 percent, highest by an Indian online bookstore, and fastest shipping of imported books available in India. CoralHub also offers the customers an opportunity to resell their books. Through “Sell Books” section, customers can sell their old books to fellow customers who are looking for a specific title at an affordable price.
“Our survey indicated that more and more customers are using online book stores to buy books as it offers the convenience of ‘any-time, any-where’ shopping. It is important that we encourage these with attractive deals and quicker shipping time,” said Prashant Chandrashekar, Director of CoralHub Online Services. “CoralHub offers the highest discount amongst the online book stores (upto 30%) in India and not more than two weeks to ship imported book, probably, fastest in country.”
Keeping the choice of all kinds of customers in mind, CoralHub’s 5 million book collection offers books from various categories such as education, engineering, fiction, humour, medical, non fiction, travel, and many more. The site has the most exhaustive collection of education and classic books in India. Booklovers can browse more than five million titles at CoralHub with the help of a customer-friendly, simple interface that displays the name of the title with brief synopsis, author, discounted price, and ISBN number.
About CoralHub:
Coral Hub Online Services has published over 5600 Classic books in regular print and large print format, which is used for the visually challenged people. This makes the company one of the largest publishers of classic books in the world. CoralHub.com (www.CoralHub.com) was launched recently with the objective to provide booklovers an opportunity to buy and sell books at their convenience. Vishal Information Technologies is a leading player in digital content solution industry in India. Its success is attributed to the superior ability to convert data files into digital formats for data conversion, e-publishing, print-on-demand and digital library services
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