E-commerce Growth

By: Saumya Mishra

Fantasy and Sports apps witnessed consistent growth, with IPL, Asia Cup, and ICC T20 Cricket World Cup contributing the most to the trend

Triggered by the growing use of digital wallets, the total cost of e-commerce fraud to merchants is likely to exceed $48 billion globally in 2023

Since April-end, ONDC has been testing with a closed user group for end-to-end execution.

Consumer complaints related to the e-commerce sector have recorded a spike in the last few years as the total number of complaints witnessed a significant rise of over 300% during the last 5 years

New e-commerce players have set a hawk-eye focus on the latest dynamic trends to ensure success for years to come

The growth will be primarily driven by the e-commerce retail market - expected to reach approximately $145 billion by FY26, with about 15 million daily shipments.

The report released by Australia Post showed that in the financial year ending on June 30, 2022, a record 9.3 million households had shopped online

Aims for $3 billion of gross revenue run rate and operational profitability in next 12 months

The findings suggest that consumers opt for these new-age brands for their quality (and not only price) with significantly high repurchase willingness

Flipkart is deepening ties in social commerce, machine translation, search and natural language processing with top institutes in the country as it aims to tap next 200 million users.

US e-commerce giant Amazon spent a staggering Rs 8,546 crore or USD 1.2 billion in legal expenses for maintaining a presence in the country during 2018-20, sources said.

The pandemic was a watershed moment for India's e-retail market, driving a 12-month acceleration in e-retail penetration, which was at 4.6 per cent by end of FY21

Commerce minister Piyush Goyal on Friday chaired a meeting to review the ONDC initiative, along with members of its advisory committee

Flipkart's Shopsy on Tuesday said it onboarded more than two lakh users within a month of its launch, and announced the launch of a zero-commission marketplace.

Core commerce revenue for Alibaba rose about 35% to 180.24 billion yuan in the quarter, compared with estimates of 184.23 billion yuan.

Walmart-owned Flipkart is working on expanding its 'Pay Later' credit offering and aims to clock 2X growth over the next six months.

The startup will showcase more than 15 brands across various categories offering discounts and giveaways

Govt collects Rs 34 lakh over 3 months for violation of norms

The move would help the e-commerce giant diversify its business and tap the opportunities in the travel space, according to industry sources