Page 3 - E-commerce Firms

Paytm Mall becomes first to go live on ONDC in Bengaluru beta test

People can place orders in grocery and restaurant segments for now

Udaan starts multiple deliveries per day for pharmacies in six cities

Softbank-backed B2B e-commerce firm Udaan has started delivering stocks to pharmacies four times a day across six cities and plans to scale up the service to other places after six to eight months, the company said on Thursday. The 4X4 delivery service' has been rolled out after a pilot programme and receiving extensive feedback from pharmacies in select cities, which required enhanced delivery capabilities. During the pilot phase, the business witnessed a 45 per cent rise in orders in the select cities. "As part of the new service offering, Udaan will provide medicine delivery to pharmacies every 4-hour with 4 delivery slot options in a day to order medicines across six cities - Kolkata, Jaipur, Indore, Ahmedabad, Bengaluru and Pune. Udaan plans to scale the '4X4 delivery service' to more cities and towns in the next 6-8 months," the company said in a statement. Udaan Business head for Pharma Category Sanjay Sharma said the company will leverage for the convenience and faster ...

Cloudtail reports net loss of Rs 522 cr in FY22, revenue rises 15%

The e-commerce firm's revenue grew 15% to Rs 19,090 cr in FY22

Tier-2 & 3 regions are goldmines for e-commerce firms: Amazon India V-P

Amazon India has witnessed a significant demand for services from Tier-1 and Tier-2 regions for its flagship sale event

E-commerce platform magicpin announces multiple leadership appointments

The new appointments are part of building the magicpin organisation as it prepares for its next phase of growth, and span product, marketing, technology and operations

Amazon claims to sale of 1 mn unique products of SMBs, startup in 36 hrs

E-commerce firm Amazon on Friday claimed to have recorded sale of 10 lakh unique products offered by small and medium business, startups etc from its platform during the first 36 hours of festive season sale. The company's festive season sale "Great Indian Festival" started from September 22 as it gave early access to paid users. The company said that its Prime users, who are paid members, grew 1.9 times than last year and 68 per cent of the total new sign ups were from Tier 2 and 3 cities. "It is encouraging to witness small and medium businesses, startups, artisans, women entrepreneurs offer a wide selection of products to our customer across India. We are humbled by the increase in new Prime member sign ups and customers shopping across categories as they trust Amazon as their preferred online shopping destination," said Manish Tiwary, Vice President & Country Manager, India Consumer Business, Amazon. According to Amazon, customers showed preference for television brands like ..

Amazon Great Indian Festival goes live; check what's new this year here

During the Amazon Great Indian Festival 2022, the e-commerce giant is claiming to sell products from over a million sellers

Amazon, Flipkart HQs get battle-ready: Draw up sales strategy in war rooms

E-commerce firms are also bringing in various technology interventions that will help them handle the scale of business this season and enhance customer experience

Zepto's Kaivalya Vohra youngest Indian with net worth above Rs 1,000 crore

Vohra stood at the 1,036th spot in the IIFL Wealth Hurun India Rich List 2022, with a net worth of Rs 1,000 crore

Fintech firm udaanCapital says it enabled Rs 2,200 cr credit to retailers

Company says 'working capital availability in the country is huge as small businesses adopt digital payments

Despite 8% sales growth, Amazon Retail India saw Rs 794-crore loss in FY22

The numbers come amid preparations for Amazon's month-long flagship sale event The Great Indian Festival (TGIF), which starts on September 23

Shopping mall sales in top-8 cities to hit $39 bn by FY28: Knight Frank

The high revenue growth has largely been predicted due to increasing mall supply in next six years, sustenance of rising consumption demand

E-commerce giants may clock $11.8 bn in gross festive sales: Redseer

The massive growth in festive sales will further push the overall online retail GMV (gross merchandise value), which stood at $52 billion in 2021, to grow by 30 per cent to reach $68 billion in 2022

E-commerce firms again top list of sectors with maximum consumer grievance

Centre plans Lok Adalats to dispose of pending cases in consumer commissions

Flipkart launches Flipkart Hotels for domestic, international market

Flipkart Hotels will provide customers with the opportunity to book hotel rooms across 300,000 domestic and international hotels

Udaan, Jiomart led India's B2B e-commerce market to reach $100 bn by 2030

India's B2B e-commerce market, led by players like Udaan and Jiomart, will reach $90-100 billion in gross merchandise value (GMV) by 2030, a report showed

WhatsApp-JioMart to help RIL take on Amazon and Flipkart, experts say

Experts say the partnership will give JioMart access to over 487 million WhatsApp users in India. Experts say that the total annualised active e-commerce users in the country are only 200 million.

Bata India expands footprint but performs below expectations in Q1

Footwear manufacturer trails peers on 3-year growth parameter

Chinese firm Evergrande's fall should also serve as a warning to Vietnam

China Evergrande Group's debt blowup, with the tumbling home prices and mortgage boycotts that followed, have sent the economy into its deepest spin since the Cultural Revolution

Flipkart $100 mn venture fund invests in 6 startups, will mentor them

Companies with a range of innovations will receive an equity investment of up to $500,000