Investments in warehousing are rising, due to higher demand and rentals are rising. But it's not e-commerce that's driving growth. Will demand sustain given forecasts of an economic slowdown?
Chief scientific adviser Mike Short and technology specialist Chris Moore, at the UK department of international trade, on the opportunities, challenges and way forward for the UK-India cooperation in technology and allied sectors. The UK is keen on attracting Indian IT companies.
The custom-build homes platform will use the funds to enhance its tech stack and strengthen the leadership team. Brick&Bolt is also looking to expand to more than 12 cities over the next 15 months
There’s early evidence that selling goods over live social networking works beyond the People’s Republic. Viewers enjoy interacting with celebrities and so-called influencers, but the ultimate goal is clicks to buy.
The acquisition of Metro India will not just aid Reliance in deepening its operations and physical store footprint in India, it will also help it gain access to a wide network of outlets and retail and institutional buyers, and give it a strong supply channel
The Bengaluru-based e-commerce firm, which is focusing on expanding its pan-India reach, may choose to launch an initial public offering in 24 to 36 months
Dharmendra Pradhan also said that the tribal community will be the major beneficiary of the emphasis of the National Education Policy on the use of mother tongue or local language as the medium.
Through Flipkart Labs, the e-commerce major has been piloting with Web3 initiatives over the past year. Earlier this year, it launched FireDrops, an NFT platform for brands. During the festive sale, Flipkart piloted its metaverse - called Flipverse.
Speaking on the sidelines of a new product launch, Abhay Parnerkar, CEO of Godrej Tyson Foods shares how e-commerce is helping the frozen foods category grow further.
The eyewear retailer’s total expenses stood at Rs 1,726 crore in FY22 which rose from Rs 998 crore, an increase of over 72 percent.
8i Ventures Fund-II will have a portfolio of 15-20 companies that 'we will invest in over the next three years', founding partner Vikram Chachra has said
An official source told PTI that the move is aimed to avoid any conflict of interest and is being taken voluntarily. Appario is a wholly-owned subsidiary of Frontizo which is a joint venture between Amazon India and Patni group-owned Zodiac Wealth Management LLP.
Purohit had joined Tata Cliq in November 2016 and has vast experience in the e-commerce and fashion retail market.
Flipkart has already tied up with around 20 brands for Flipverse. Some of the brands on the list are Colgate, Lavie, Noise, Puma, Noise, Nivea, Tokyo Talkies, Campus, VIP, Ajmal Perfumes, Himalaya and Butterfly India.
LimeRoad clocked a net revenue of Rs 179.95 crore in 2019-2020, which dropped to Rs 69 crore in 2021-2022
Overall, the e-commerce players sold goods for $5.7 billion in the first week of the festive season in India. The sale was led by mobile phones which constituted 41 percent of the total sales. Fashion, meanwhile, contributed 20 percent which was 48 percent higher than last year’s festive sale.
EasyEcom said that e-commerce volume will grow more in Tier-2 and Tier-3 towns compared to Tier-1 cities, with non-metros driving nearly 80 per cent of the total e-commerce sales along with Tier-2 towns adding about 60 per cent to the figure.
The Tiger Global-backed restaurant chain says Wow! Momo, Wow! China and Wow! Chicken have been launched in the 'festivemverse'
According to data as per ONDC, 161 orders were placed on the network across Paytm, IDFC, Spicemoney, Mystore which are the buyer apps.
According to the report by strategy consultancy firm Redseer, during this period each minute as many as 1,100 mobile phones amounting to around Rs 11,000 crore were sold on large e-commerce platforms, driven by the premium phones.
Unicommerce found that the personal care segment is the fastest growing segment with over 70 per cent year-on-year (YoY) order volume growth during the first two days of the festive season sale of 2022.
For e-commerce players, there are concerns about inflation impacting consumer purchasing decisions, with the added worry of people being able to freely shop offline for the festive season after two years.
49% of household consumers are keen to make physical purchases, an increase from 40% last year, while 38% are likely to order via ecommerce or via local stores and take home deliveries.
Myntra expects to process 13,000 orders every minute, and it intends to use the 21,000 kirana stores it has partnered with to fulfil 80% of the festive orders.