However, in its letter, CCI has categorically denied this development has anything to do with any proceedings pending with it.
In this edition of the Setting Sail podcast, Moneycontrol's Special Correspondent Priyanka Sahay talks to the Pepperfry CEO Ambareesh Murty.
Thousands of Twitter users backed the call for the boycott, with some tagging Indian Foreign Minister Sushma Swaraj and urging her to take action against the world’s biggest online retailer.
The offer, announced on May 13, comes as Amazon seeks to speed up its shipping time from two days to one for its Prime members.
The company is also gearing up to hit the capital market with initial public offer within the next three years.
A few have claimed Amazon India does not provide its sellers a level playing field.
The online grocery platform -- which is registered as Supermarket Grocery Supplies -- had recently raised $150 million in funding, led by Mirae Asset-Naver Asia Growth Fund, CDC Group and Alibaba Group.
The exit from China frees up cash that may be headed for India to make the most of the projected growth story, but it won’t be easy.
The growth of e-commerce increases the size of the market, especially in rural areas.
Many products are still entering India through Delhi, Bengaluru and Kochi.
A draft policy issued by the government on February 23 stressed upon the need for e-commerce companies to construct a registered business entity in India in order to comply with the norms.
The official said most of the sellers on Snapdeal are from the brick and mortar market and they are the ones who are going online.
The government proposed a policy which bars companies from sharing data with third-party entities, even if there is customer consent
Small sellers are offered a fixed amount for specific set of products, which are then pushed on Amazon under the banner of Cloudtail.
Rishi Agarwal has been appointed to head the e-commerce team of the company, who was previously with Snapdeal, Arvind and IBM
The national draft e-commerce policy brings over-the-top streaming services under the e-commerce arena. As the inventory-led model is barred for foreign-funded e-commerce firms, these OTTs won’t be able to stream original content – the key to their success.
Both the companies will provide standalone insurance products and also weave it into their various verticals
The government bars companies from sharing users' data with third-party entities even if they consent, in the new policy.
The earlier deadline was March 9.
DPIIT met stakeholders on March 8 to discuss issues related to the draft e-commerce policy.
The report noted that majority of the funding was towards building supply chain, expanding into new segments, acquisition/consolidation, and bringing innovative product offerings.
The e-commerce policy needs to be forward looking and informed by ground realities. It needs to design well-thought out strategies through comprehensive stakeholder consultation.
Under the new e-commerce policy, online players are likely to lose their competitive advantages such as high discounts and sales of their own private labels with a competitive pricing strategy.
Despite the stress faced by the Indian rupee and the rising crude oil bill, Indiian retail market would grow at a CAGR of 7.8 percent between 2021 and 2026.
A fast growing economy and robust demographics provide a positive outlook to the consumer businesses in India.