Page 3 - E-commerce Market
India's first semi-high speed freight train likely to run by December
Replicating the concept of Vande Bharat trains, the 16-coach 'Gati Shakti' train can clock 160 kmph and will be manufactured at the Integral Coach Factory (ICF) in Chennai.
 "India's first semi-high speed freight train likely to run by December")
WEF 2022: How the metaverse can be a force for good in an uncertain world
The metaverse will make e-commerce experiences more realistic and immersive
 "WEF 2022: How the metaverse can be a force for good in an uncertain world")
L&T plans to exit road, power concessions, incubate digital business
Company aims to touch revenue of Rs 2.7-3 trillion, achieve order inflow of Rs 3.4 trillion and return on equity of over 18 per cent by FY26
 "L&T plans to exit road, power concessions, incubate digital business")
How ONDC is set to democratise and transform India's e-commerce landscape
While the pilot is being conducted in five cities - Delhi, Bengaluru, Coimbatore, Bhopal and Shillong - ONDC is on course for a pan-India launch by August that will see it introduced across 100 cities
 "How ONDC is set to democratise and transform India's e-commerce landscape")
3M is planning to go big in electronics space in India: Ramesh Ramadurai
'Thanks to the production-linked incentive (PLI) scheme, a lot of the supply chain will be localised to India'
 "3M is planning to go big in electronics space in India: Ramesh Ramadurai")
E-retail revolution
ONDC could transform e-commerce in India
 "E-retail revolution")
India to launch open e-commerce network to take on Amazon, Walmart
The government's so-called ONDC platform will allow buyers and sellers to connect and transact with each other online, no matter what other application they use
 "India to launch open e-commerce network to take on Amazon, Walmart")
Flipkart arm eKart to offer end to end supply chain solutions across India
With its externalisation, eKart will now offer brands, platforms, and businesses end-to-end supply chain management
 "Flipkart arm eKart to offer end to end supply chain solutions across India")
Rural vehicle marketplace Tractor Junction raises $5.7 mn in seed funding
Tractor Junction is India's largest digital marketplace to buy, sell, finance, and insure new and used tractors, farm equipment, and rural commercial vehicles.
 "Rural vehicle marketplace Tractor Junction raises $5.7 mn in seed funding")
Retail industry to grow 10% a year, reach $2 trn by 2032: BCG-RAI report
E-commerce in the country is expected to reach $130 billion by 2026, as compared to $45 billion in 2021, according to the report
 "Retail industry to grow 10% a year, reach $2 trn by 2032: BCG-RAI report")
From Andaman Islands to Leh, Amazon goes all out to tap India's hinterlands
The e-commerce giant has, over the past few years, built a strong network of partners who play a pivotal role in ensuring on-time deliveries to the most difficult of terrains
 "From Andaman Islands to Leh, Amazon goes all out to tap India's hinterlands")
Walmart, Flipkart offer Indian manufacturers access to 120 mn US consumers
The roadmap is a part of Walmart's efforts to expand its sourcing from India to $10 billion a year by 2027.
 "Walmart, Flipkart offer Indian manufacturers access to 120 mn US consumers")
Data-rich local Indian content provides fertile ground for tech companies
From creating local language content ecosystem and interactive platforms on smart TVs to helping people shop via video commerce, Indian content offers huge opportunities for tech and e-commerce firms
Our mission is to democratise e-commerce, says Meesho founder & CTO
To understand the tech infrastructure, one also needs to understand the consumer category we are tapping into, says Barnwal
 "Our mission is to democratise e-commerce, says Meesho founder & CTO")
India's 10-15 minute delivery market to reach $5.5 billion in 3 yrs: Report
As quick grocery delivery under 10-15 minutes time period becomes new growth arena globally, India's quick commerce market is set to witness 15 times growth by 2025, with market size of nearly $5.5 bn
 "India's 10-15 minute delivery market to reach $5.5 billion in 3 yrs: Report")
ElasticRun, a B2B e-commerce start-up, raises $330 mn at $1.5-bn valuation
In the last round, which was Series D in April 2021, the e-commerce start-up had been valued at $400 million
 "ElasticRun, a B2B e-commerce start-up, raises $330 mn at $1.5-bn valuation")
Challenge now for Indian e-commerce is to widen spending base:Mukesh Bansal
Curefit and Myntra founder adds that Tata is one of the most well-known brands with several consumer brands, and is about bringing these assets together
 "Challenge now for Indian e-commerce is to widen spending base:Mukesh Bansal")
Price Company emerging as lowest-cost community grocery e-commerce player
The udan-owned firm is benefitting immensely by riding on the massive Kirana stores, supply chain and logistics network and sourcing capabilities of udaan
 "Price Company emerging as lowest-cost community grocery e-commerce player")
FreshToHome scales up expansion to over 150 cities across India
Plans mass expansion with 100 new powered by FreshToHome stores
 "FreshToHome scales up expansion to over 150 cities across India")
Meesho adopts boundaryless workplace model to attract talent
Earlier, Meesho also introduced employee friendly practices like 30-week gender-neutral parental leave policy, gender reassignment leave and 10-day reset and recharge policy
 "Meesho adopts boundaryless workplace model to attract talent")
