"The Amazon-Flipkart duopoly is fast becoming a four-way competition as Reliance Digital and Tata join the fray," said the report, 'The State of Online Retail in India'. "We estimate that Flipkart, Reliance, Amazon, and Tata (FRAT) collectively own more than 80% of India's online retail market, and each is manoeuvring to gain market share."from Industry-Economic Times
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