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What is social commerce?

Social Commerce

About Social Commerce

What is social commerce?

Social commerce, abbreviated as s-commerce, is the process of buying and selling products and services directly through social media platforms such as Facebook, WhatsApp, Instagram, Pinterest or Twitter.
 
It refers to e-commerce transactions where buyers and sellers have a more direct connection with each other before concluding a purchase, compared to traditional e-commerce where buyers choose by searching or browsing from a digital catalogue.
Furthermore, the social commerce model supports social interaction and user contributions and reduces the cost of overheads, operations and marketing while increasing reach and sales through the reseller network.
 
It signifies the convergence of social networks and e-commerce to
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Latest Updates on Social Commerce

Flipkart's social commerce arm Shopsy hits 100 mn users ahead of timeline

Top exec says about half of Shopsy's customers are new to e-commerce, market is large enough to onboard another 100 million users by next year on Shopsy

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Updated On : 29 Aug 2022 | 12:23 AM IST

Online retail may hit Rs 4.9-trillion GMV this year: RedSeer report

In the India e-tailing GMV Index, there is a monthly growth comparison. In 2022, this was 60 per cent higher in April than April 2021

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Updated On : 22 Jul 2022 | 7:10 AM IST

These tech firms are taking the e-commerce battle to India's hinterlands

How social commerce firms are democratising e-retail by tapping community group buyers from tier-2 and smaller towns across India

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Updated On : 09 Dec 2021 | 10:15 PM IST