Page 10 - E-commerce Firms

SoftBank-backed Grofers eyes Rs 10,000 cr GMV by March on heavy GOBD sales

The Gurugram-based firm is expecting its GMV to touch around Rs 30,000 crore by 2022 as the coronavirus pandemic has accelerated the shift towards online grocery

With talk of an IPO in the air, Falguni Nayar shares her Nykaa journey

Beauty, Nykaa's founder Falguni Nayar realised, is a very long-tailed business and with e-commerce picking up in India, it seemed like a good idea to venture into

Online retail majors focus on sprawling small retailer base to boost reach

Small retailers are chary about integrating digitally with larger players on grounds that it will give them access to their customer bases

Robotic packers, AI that reads buyer emotions: Flipkart nurtures startups

The pandemic has not only accelerated a shift to e-commerce but has also spawned startups that are building solutions relevant for the new normal, attracting the attention of big online retailers

Ill-informed: Snapdeal on USTR report placing it on Notorious Markets List

Snapdeal and four Indian shopping complexes have figured in the latest 2020 Review of Notorious Markets for Counterfeiting and Piracy issued by the Office of the US Trade Representative (USTR)

E-commerce tech firm Unicommerce expands in Gulf, starts Saudi operations

E-commerce was worth $8.3 billion in 2017 in the Middle East and North Africa (MENA) region and is expected to more than triple by 2022 to reach $28.5 billion, says a study by Bain & Co and Google

Amazon urges Sebi to suspend review of $3.4 billion Future-RIL deal

Amazon also urged Sebi about not granting any no-objection in relation to the same and directing the Indian Stock Exchanges not to issue any no-objection/approval letter to Future Retail

Income tax department conducts surveys at Flipkart and Swiggy offices

The surveys are related to an alleged bogus input tax credit connected to the external vendors of these firms

Amazon, Flipkart are violating investment rules: Govt to ED, RBI

This is a significant development related to a war between e-commerce giants and traders of India

E-commerce to edtech, start-up firms bloom amid Covid-19 pandemic gloom

Massive beneficiary of the covid situation has been the startups which are growing rapidly on the back of digital adoption, which is witnessing an acceleration worth multiple years in just few months

DoT asks e-commerce sites to pull down listings of mobile signal boosters

The DoT has also carried out raids across multiple locations in South Mumbai over the last two days which led to the removal of 68 illegal boosters (or repeaters), it added

Pandemic pain over, sales show e-commerce to accelerate in India in 2021

E-commerce firms like Amazon, Flipkart, Myntra and others witnessed successful festive season sales this year

Chinese hackers targeted Indians with e-shopping scams, says report

The hackers created bogus links and asked internet users to click on them to participate in online contests and win prizes

Flipkart onboards 35% more sellers in 2020 amid e-commerce surge

Online shopping has surged amid the pandemic this year

DealShare aims to cross Rs 2500 cr GMV, raises $21 mn from investors

The company has successfully targeted India's fast-growing, mid-income demographic of 500 million new-to-internet users

E-commerce order volume grew 56%, GMV by 50% this festive season: Report

The Tier II and beyond cities have witnessed a growth of about 99 per cent as compared to last year's festive season, says a new report by Unicommerce

Flipkart India revenue grew 12% to Rs 34,610 cr in FY20; losses dropped 18%

The company's total expenses for the year were reported at Rs 37,760 crore. During FY20, the company allotted total equity shares worth Rs 4,455 crore to Flipkart Private Limited Singapore

Myntra onboards 200 fashion brands to help them tackle coronavirus impact

Walmart-owned firm integrated 1,200 physical stores during pandemic, is taking brands like Mango, Puma, Movado and ELLE jewellery across the country including tier-2 and tier-3 towns

US-focused disounts make Black Friday sale a white space in India

Post-Diwali weeks are dull here as most of the shopping budget is spent during Dussehra and Diwali period in the country

Statsguru: From email to ecommerce, 25 years of internet in India

There was a time when political parties opposed the use of computers to save jobs. Today, the internet is an important part of daily human life