Page 4 - Ecommerce

350 employees in Udaan to get pink slip in pursuit of profitability

India's largest business-to-business e-commerce firm sacked 180 employees in June

Nothing Ear (stick) gets Rs 1000 cheaper for Ear (1), Phone (1) customers

Priced at Rs 8,499, the Ear (stick) will be available on on the e-commerce platform Flipkart and Myntra from November 17

Consumer protection rules: E-tailers may need user nod to share data

E-commerce firms may have to incur higher costs for upgrading tech to comply with norm

Cashback and coupons firm CashKaro raises Rs 130 crore in funding

Company will use funding for expansion, new technology and product development

Festival season propels demand for third-party logistics players

Further penetration into smaller cities will only add to this dependence on third-party delivery partners

DealShare launches private brands, plans Rs 500 cr investment in 2-3 years

Brands to be manufactured in tie-up with SMEs; 52 products launched under home cleaning, personal hygiene, pantry staples, and male grooming so far, more categories in two years

DealShare plans to invest Rs 500 cr in 2-3 years in private brands business

E-commerce firm DealShare on Wednesday said it has launched 52 categories under its private brand business and plans to invest Rs 500 crore in the new segment in the next 2-3 years. The company has launched 52 categories under Chemko (home cleaning) Swaccha (personal hygiene), Sampoorti (pantry staples) and X One (male grooming brands) in the first phase and plans to extend their portfolio to the skin and hair care, beauty and apparel categories over the next two years. The e-commerce firm said it has launched "52 categories of products with the new initiative set to contribute 30 per cent to DealShare's revenue" and "targets an investment of Rs 500 crore over the next 2 to 3 years for private brands business". DealShare plans to take private label brands across 3,000 towns having more than 10,000 population in the next three years, the company said. The company at present claims to have presence in over 150 cities across eight states and have over 2 crore consumers. DealShare fou

Tiger Global-backed Wow! Momo elevates CMO Muralikrishnan to co-founder

He officially joined the founders in 2018 and began by leading the store-level growth hacking to brand development and was later named the group's CMO

E-commerce enabler Optiwise.ai raises $1.3 mn from StartupXseed Ventures

The company plans to spend the proceeds on its products, building a world-class team, and expanding its customer base beyond North America to other emerging e-commerce regions

India's top seller Appario to stop selling on platform, says Amazon

Amazon, which has maintained it does not give preferential treatment to any seller and complies with all laws, agreed to end its relationship with Cloudtail in August last year

Amazon to delist Appario as seller, renews Frontizo JV for 3 years

The development comes at a time when Cloudtail, once the largest seller on Amazon's India marketplace, shut operations on the e-commerce platform as a seller this year amid regulatory pressure

How immersive technology is transforming fashion and online shopping

From spray-painted dresses to feeling the texture of a fabric on screen, fashion and shopping are becoming tech-immersive

Flipkart's net loss widens 51% on account of rising transportation costs

Flipkart's operating loss or EBITDA (earnings before interest, taxes, depreciation, and amortisation) loss stood at Rs 3,925 crore, which was up from Rs 2,267 crore in the previous fiscal

Shiprocket becomes first inter-city logistics provider to join ONDC network

Company will enable sellers to select delivery partners to ship products across India

Phones, watches, cameras: Diwali gift shopping is back with a bang

Two years of pandemic gloom appear over as e-commerce websites and malls report people splurging and bring them business

How Meesho cashed in on the festival season?

Ecommerce unicorn Meesho, clocked a 68% jump in sales during the festive sale. Business Standard's Surjaeet Das Gupta speaks to Utkrishta Kumar, Meesho's business CXO, about the record sales and more

Flipkart unveils Flipverse, a virtual shopping experience in metaverse

The e-commerce firm has partnered with Web3 entertainment firm eDAO for the initiative where consumers can discover products in photorealistic virtual destinations and shop on Flipkart App

ONDC to start outreach programme to help sellers speed up their business

The first event of the programme will be an introductory session in Delhi NCR for restaurants, food entrepreneurs and cloud kitchens, on Oct 17

E-commerce solutions provider Assiduus Global raises $15 mn in funding

The company will use the financing to improve its technology and expand its business

Small cities dominate e-comm platforms' festival sales: Industry players

Small cities dominated the festival season sales of e-commerce platforms accounting for around Rs 24,000 crore or around 60 per cent of the total market share in value terms, according to industry players. The figures are for the recently-concluded festival sales wherein e-commerce players had offered significant discounts on various products. Tier 2 and beyond cities were at par with metros and Tier 1 cities with around 50 per cent contribution in gross merchandise value during the festive sales by the online players last year, according to Redseer Strategy Consultants. The consulting firm said that e-commerce firms are estimated to have registered a 27 per cent growth and clocking sales worth Rs 40,000 crore. Flipkart Group accounted for around 62 per cent of the total market share in terms of Gross Merchandise Value (GMV). Major e-commerce players such as Flipkart, Amazon, Meesho and JioMart have seen more than 60 per cent of the customers being from Tier 2 and beyond cities dur