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With record GMV of $13.4 bn, GeM catching up with Amazon and Flipkart

Crosses annual procurement of Rs 1 trillion in FY22

ecommerce
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Shreya Nandi New Delhi
With record gross merchandise value (GMV) of $13.4 billion, the government’s five-year-old public procurement website — or the Government eMarketplace (GeM) — is slowly catching up with e-commerce behemoths like Amazon and Walmart-owned Flipkart.
 
In calendar year 2020, Flipkart, excluding Myntra, had clocked a GMV — total value of merchandise sold — of around $12.5 billion, while Myntra clocked $2 billion. Amazon India clocked a GMV of around $11.5 billion during the year, according to a report from wealth management firm Bernstein. The current financial year’s numbers are expected to only grow further.
GeM Chief Executive Officer Prashant Kumar Singh said

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First Published: Mar 25 2022 | 6:02 AM IST

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