Page 3 - E Commerce

ONDC a fascinating idea; excited about prospects: Amazon India senior exec

'Amazon is looking forward to innovations, which will lift all boats in the ecosystem and bring more buyers and sellers online, as it focuses on serving the next 500 million customers'

ITC records 3 times growth in e-commerce sales compared to pre-Covid levels

ITC collaborated with leading e-commerce platforms on all aspects of operations, including category development, marketing, and supply chain and customer acquisition

Need to protect consumers from consolidation of internet-economy: Govt

The government said consumer complaints related to online transactions are rising and pointed out that of the total complaints registered last month on NCH, 38-40% pertained to e-commerce trade

Meesho eyes 1.2 bn shipments by next year using third-party logistics

SoftBank-backed internet commerce firm aims to become biggest contributor in its space in terms of shipments through 3PL players

Expect over 1 mn new shoppers in flagship sale this year: Myntra CEO

Myntra is poised to expect over 1 million new customers, with over 40 per cent of the overall traffic coming from tier 2/3 cities and towns

Flipkart starts initiative for academic, extracurricular needs of students

Students form a growing base of customers for the e-commerce giant, constituting close to 32% of all e-commerce shopping

Flipkart Pay Later doubles its user base to over 6 mn in just 7 months

Flipkart Pay Later now provides customers credit up to Rs 1 lakh, depending on the customer's credit profile

Amazon doubles cumulative export target from India to USD 20 bn by 2025

In January 2020, the company had set a target to facilitate export worth USD 10 billion by 2025

Top Headlines: India airspace coordination, blockbuster M&As, and more

Business Standard brings you the top headlines at this hour

Top traders body CAIT lauds CCI raids on Amazon sellers Cloudtail, Appario

India's antitrust body has reportedly launched raids against the two top domestic sellers of Amazon over accusations of having violated competition laws

Gupshup acquires Bengaluru-based conversational AI provider AskSid

The acquisition strengthens Gupshup's AI-powered conversational solutions for e-commerce, retail and consumer goods industries

E-commerce platform ONDC gets fund infusion of Rs 157.5 cr, more to follow

DPIIT e-commerce brainchild expects to raise Rs 42.5 cr more

Agritech startup Otipy raises $32 million from investors to expand business

Agri-tech startup Otipy, which mainly sells fresh vegetables and fruits through its mobile app, has raised $32 million (Rs 235 crore) from investors including Westbridge Capital to grow its business

Mondelez International aims to push up India revenue to $2 billion by 2030

The company's domestic business sees 17 per cent of its revenues come from modern trade and 3 per cent from the digital channel.

Bosch acquires 26% stake in B2B e-commerce firm Autozilla Solutions

The Hyderabad-based, Autozilla Solutions specialises in the development of electronic parts catalogues for spare parts

E-commerce policy likely to help small retailers in using technology

Under the proposed policy, the Centre will also have to focus on promoting the government-backed e-commerce network Open Network for Digital Commerce (ONDC)

Amazon India inks collaborations to empower women entrepreneurs

Amazon's Saheli programme will offer extensive training and skill development workshops for its participants

Adobe taps startup Bolt to add one-click checkouts to commerce sites

Adobe has branched out into digital marketing and e-commerce tools for retailers

India, Mexico markets push Walmart international business grow 13% in Q2

US retail giant Walmart saw its operations in markets like India, China and Mexico push its international business growth by 13 per cent in the second quarter ended July 31

Top headlines: Online festive sale to rise by 50%; Covid hits brand value

From challenging economic environment affecting auto sales to falling VC investment from China, here are top headlines this morning