Ecommerce

The mandatory rate removes the earlier option for these hotels to charge 18 percent with ITC

Trent mirrors Westside’s store model online, says no to flash sales

Around 5–6% of Westside’s sales now come from digital channels, which the company says is significant. The online store matches physical outlets in both pricing and product selection, making e-commerce an extension of the brand

Amazon completes acquisition of Axio, to follow measured growth in lending

Even as the credit cards in the country explode, the ecommerce firm continues to see a good demand for the BNPL product from customers with a lower income level, and helps them build a good credit history

Tata Sons plans $400-mn fund infusion into struggling e-commerce biz Tata Digital

Tata Sons will leverage its dividend income from TCS for the investment in Tata Digital and is unlikely to dilute any stake in TCS, sources said. 

Meesho to pay $288 million in taxes to flip back to India ahead of IPO

Meesho’s tax bill is among the largest for a startup in recent times, after PhonePe’s hefty $1 billion outgo

IPO-bound Meesho to finalise India flip back in coming days

Flipping its headquarters back to India is the last step for IPO-bound Meesho before it proceeds to file its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI).

IPO-bound Shiprocket betting on cross-border commerce, financial & marketing services for growth: Saahil Goel, Founder

A key focus of Shiprocket’s business is to serve India’s long tail — millions of small and midsize sellers who are not served by large marketplaces or enterprise tech providers.

Flipkart asks all employees to work from office five days a week

Flipkart is among the last new-age firms, especially in the e-commerce space, to end its WFH policy. Most of the employees at rival firms such as Meesho, Amazon, Blinkit and Zepto have been working from the office for five days a week.

Myntra’s chief product and technology officer Raghu Krishnananda quits Walmart-owned firm

Krishnananda is the second CPTO to depart from the Flipkart group in a span of about two months. On February 5, Moneycontrol had reported that Jeyandran Venugopal, CPTO at Flipkart, was leaving after an eight-year-long tenure.

Flipkart’s parent infuses Rs 3,250 crore into India entity

The fresh funds will help Flipkart fight rivals in a red-hot quick commerce industry and also prepare it to compete against new-age players like IPO-bound Meesho.

Fireside Ventures backs Kusha Kapila’s shapewear brand UnderNeat, Mamaearth’s Ghazal Alagh joins in

The seed round is expected to be in the range of Rs 8-10 crore, though exact figures have not been undisclosed. UnderNeat, which went live on March 30, has already amassed 1,76,000 Instagram followers

Accel, Bessemer, Prosus representatives exit The Good Glamm Group’s board: Report

Earlier Moneycontrol had exclusively reported that the startup has put at least three of its portfolio brands up for sale – Sirona, The Moms Co and Organic Harvest

Zepto streamlines structure ahead of IPO with new marketplace entity

The company registered Zepto Marketplace Private Limited on October 22, 2024, in a move that will align its business structure with that of publicly listed rivals such as Swiggy Instamart and Blinkit, sources told Moneycontrol.

Zepto HR head Martin Dinesh Gomez quits; CEO Aadit Palicha takes over function

While CEO Palicha is handling some of Gomez’s tasks, Zepto’s chief brand officer Chandan Mendiratta will head the other human resource (HR) functions as Chief Culture Officer, sources told Moneycontrol.

Myntra turns profitable in FY24; Revenue up 15% at Rs 5,122 crore

Myntra looks on course to hold its performance in FY25. Earlier this year, Walmart said Myntra improved Flipkart’s business profile by being profitable on an EBITDA basis for two quarters

Swiggy aims to turn operationally profitable by December 2025

Quick-commerce is in the investment phase, amidst rapid expansion of its addressable market and substantial competitive intensity in the near term, the company said.

Zepto founder Aadit Palicha denies killing kiranas, says quick commerce will create more jobs than Indian Railways

In a wide-ranging interview with Moneycontrol, Palicha asserted Zepto is an Indian company that is not controlled by Americans, unlike Amazon and Flipkart parent Walmart.

Zepto races past Swiggy Instamart to become number 2 player in quick commerce, says Motilal Oswal

Blinkit is the top quick commerce player with a 46 percent market share ahead of Zepto, which has captured 29 percent of the market and Swiggy Instamart was third among major players accounting for 25 percent, as per the report

Delhivery posts second quarter of profit; revenue increases 13%

Delhivery's Q2 net profit came in at Rs 10.3 crore and operating revenue stood at Rs 2,189.7 crore

Nazara, ONDC to launch an in-game monetisation platform gCommerce

Nazara Technologies CEO Nitish Mittersain said this initiative is a significant step forward in the company's strategy to help game developers with effective monetisation solutions.

Swiggy IPO to mint 500 crorepatis; 5,000 employees set to earn Rs 9,000 crore in total

Swiggy’s employee stock option (ESOP) payout exercise will be among the top ones in India’s startup scene where companies generating wealth at this scale is rare

You’re hired! Swiggy adds Flipkart, Amazon executives to cart amid e-commerce push

At least a dozen senior executives from these platforms have joined Swiggy in the last year, as the IPO-bound firm looks to expand beyond food and grocery delivery.

Amazon India narrows FY24 net loss to Rs 3,470 crore, revenue up 14%

Amazon and rival Flipkart's income from advertisements grew. While Flipkart generated about Rs 5,000 crore, Amazon earned Rs 6,649 crore through ads

AICPDF urges govt action on FMCG dumping near-expiry products via e-commerce and quick commerce platforms

According to AICPDF, this trend threatens not only the stability of small and medium retail businesses but also consumer safety, as it often lacks proper transparency and regulation.

Swiggy Instamart looks to strengthen pharmacy play 10-minute medicine deliveries

To be sure, Swiggy was already delivering basic over the counter medicines such as pain relief sprays and others through Instamart, the company’s quick commerce arm.