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Mobile Internet driving e-commerce in India: Mary Meeker report

Update: The Mary Meeker report has been updated to remove a slide regarding online wallets in India. This story has been updated to indicate the same. Yesterday: Mary Meeker, a partner at Kleiner Perkins Caufield & Byers (KPCB) and former Internet analyst has released her latest report on Internet Trends. Here are some highlights from the report: - E-commerce on mobile is booming and India is leading the world when it comes to using mobile devices for shopping. According to the report 41% of e-commerce in India is through mobile phones and devices. - The report also shows why Flipkart is pushing for an app-only model. In India, more than 70% of the business of the gross mechandise value (GMV) is from mobile devices.   - 65% of the Internet traffic in India comes from mobile devices and is only second to Nigeria's 76%. - India has the third largest number of Internet users in the world with 232 million users. India added 63 million users in 2014, reflecting a 37% year-on-year growth. According to the report there are now over 2.8 billion people connected to the Internet. - Smartphone subscriptions in India were growing 55% year-on-year while Internet users grew at 33% year-on-year. - The top Android applications in the country are WhatsApp, Facebook, MX Player, Messenger and Truecaller. - In terms of monthly active users (MAUs), India is either at position 2 or 1 for most Internet services and social networks. India has 112 million MAUs on Facebook making it its second largest market. With 70 million…

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