Singapore’s Sea is cutting fewer than 500 jobs at e-commerce unit Shopee in Indonesia, a person with direct knowledge of the matter said, days after the company reported a surprise first-ever quarterly profit helped by last year’s extensive firings. Indonesia’s GoTo is reducing 600 jobs as it reorganizes its business.
While the share of funds raised by women-founded startups has increased over the years, it still remains a small fraction of the overall funding.
ONDC has aggressively ramped up its seller base to more than 10,000 at present from just about 1,000 at the end of last year.
OfBusiness and Infra.Market were the only two unicorns having a profit of more than Rs 100 crore for FY22
The market is moving from unorganised players to organised firms rapidly, says CEO Sahil Barua
DPIIT secretary Anurag Jain says that ONDC will ensure that 'the oligopolies of the world wither away' and that the entry barriers to e-commerce in India are removed
The Good Glamm Group now uses Delhivery's full suite of supply chain solutions, including warehousing and transportation for part-truckload freight, full-truckload freight, and last-mile customer deliveries.
With funding drying up, a number of companies, including the most well-funded, have laid off large numbers of employees since the beginning of 2022 impacting close to 20,000 staff, according to data compiled by Moneycontrol.
Facebook and WhatsApp were the most-used social media platforms, according to the India Consumer Sentiment Index released by Axis My India.
Tata Digital said the authorized capital was also increased considering its business plans, repayment of debt and the investments to be made from time to time.
The Confederation of All India Traders (CAIT) alleges unholy nexus between e-commerce platforms, banks and mobile brands, and points out that while 8 percent of global mobile phone sales happen through e-commerce, this number is much larger in India at 58 percent.
Meesho started out with a thrust on social commerce, but it has been increasingly focusing on direct sales and now derives 75 percent of its business directly from customers, while 25 percent comes from resellers.
Restaurant partners will have access to Amazon tools and reports till January 2023
Mobile phone sales grew only 7 percent year-on-year due to fewer new launches and a fall in new buyers of smartphones
While the focus in the Bengaluru launch was more on the grocery side, the priority will be food delivery in Delhi
In April this year, Indian investigators seized data and documents from top sellers on Amazon and Flipkart's marketplaces in raids over suspected competition law violations
Zoho's e-commerce platform Zoho Commerce will allow sellers and existing customers to set up online stores and on-board ONDC, the company said in a media statement on Wednesday.
In June 2021, the Department of Consumer Affairs under the Food and Consumer Affairs Ministry released a draft set of rules that aims to tighten the governance of e-commerce platforms.
The festive season sales of various e-commerce companies is a period of intense competition, and most people are hooked to their phones to grab the best deal. Have you wondered what happens from the time you add a product to your cart on the Amazon app and checkout till the time it reaches your doorstep? Amazon says it has hired more than 70000 seasonal workers this season, and categories like smartphones and consumer appliances saw the most sales. Amazon said smartphones saw a 20X uplift versus an average business day, while the same number for smartwatches was 12X. Moneycontrol takes you behind the scenes at Amazon’s largest fulfillment centre in India.
This amount stood at $2.2 billion as of January 31, 2022, according to the annual report by Walmart filed in earlier March.
The Bengaluru trials will begin with Paytm, MyStore and Spice Money as buyer-side apps – platforms where users can sign up and place orders via the network
Deals on iPhone, OnePlus propel phone sales to Rs 11,000 crore in first four days of festive season; around 1 crore phones to be sold online during the week
Tata CLiQ Luxury is launching categories such as sports and fitness and home furnishings on its platform.
Sellers on e-commerce marketplaces see 2-5 times jump in demand, compared to the tepid sales in the last few months. But they are unhappy over high costs of keywords, lower average selling prices and delayed dispatches
Industry players and analysts will be closely watching e-commerce platforms’ performance in this year’s festive season amid fears of inflation hurting consumer demand and online sales dipping due to increased footfall at offline stores