Page 6 - Ecommerce
Prepare robust grievance redress system before beta test: Govt to ONDC
Govt wants this in place to build trust before making network available to public
 "Prepare robust grievance redress system before beta test: Govt to ONDC")
Amazon India to halve the fee for new sellers in festival season
Amazon Indian said it will halve the fee for new sellers on its platform as the e-commerce giant gears up for the festive season in one of its key markets.
 "Amazon India to halve the fee for new sellers in festival season")
Live commerce to virtual try on: Flipkart revamps app to woo customers
Introduces Image Search, Live Commerce, and Virtual try-ons for a better discovery experience for customers
 "Live commerce to virtual try on: Flipkart revamps app to woo customers")
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 giants may clock $11.8 bn in gross festive sales: Redseer")
Over 2 years after Covid outbreak, consumer firms see strong festival sales
The sentiment is robust even in the consumer durables segment
 "Over 2 years after Covid outbreak, consumer firms see strong festival sales")
Profits elusive for Amazon India despite $6.5 bn investment: Bernstein
Company faces 'immense competitive pressure' and unfavourable regulatory environment, says US research group
 "Profits elusive for Amazon India despite $6.5 bn investment: Bernstein")
Credit cards gain more currency pipping debit cards for e-commerce
They overtake debit cards for e-commerce and bill payments but remain a minuscule portion of personal loans
 "Credit cards gain more currency pipping debit cards for e-commerce")
Ahead of festive season, Amazon, Flipkart scale-up facilities across India
E-commerce firms such as Amazon, Flipkart, and others witnessed blockbuster festive season sales of about $9.2 billion last year
 "Ahead of festive season, Amazon, Flipkart scale-up facilities across India")
Flipkart's social commerce arm Shopsy hits 100 mn users ahead of timeline
Top exec says about half of Shopsy's customers are new to e-commerce, market is large enough to onboard another 100 million users by next year on Shopsy
 "Flipkart's social commerce arm Shopsy hits 100 mn users ahead of timeline")
E-commerce company Wayfair lays off 870 people, 5% of its global workforce
E-commerce company Wayfair CEO Niraj Shah has fired 870 people, or 5 per cent of the company's global workforce, as growth it anticipated has not materialised this year.
 "E-commerce company Wayfair lays off 870 people, 5% of its global workforce")
Amazon Great Freedom Festival sale goes live for Prime user: Details here
Amazon is offering major deals and offers during the Great Freedom Sale 2022 on mobile phones, laptops, TVs, wearables among a wide range of electronics
Children's shopping platform Bundle O Joy raises Rs 3.9 cr in funding
Founded in February 2022, Bundle O Joy helps parents to find products in apparel, footwear, toys, books, and accessories
 "Children's shopping platform Bundle O Joy raises Rs 3.9 cr in funding")
New e-commerce policy may allow only third party items on e-marketplaces
The proposed policy seeks to ensure that e-commerce marketplaces sell only third-party products on their platform
 "New e-commerce policy may allow only third party items on e-marketplaces")
Amazon Prime Day Sale 2022: Top deals on smartphones, electronic items
Amazon is offering an instant discount of up to10 per cent on purchases made using SBI and ICICI bank cards
No immunity for e-tailers over fake products sold online: Parliament panel
E-marketplaces have claimed that since inventory is not controlled by them, they should not be liable for any dispute with sellers
 "No immunity for e-tailers over fake products sold online: Parliament panel")
Adarsh Menon to head new businesses at Flipkart as Prakash Sikaria moves on
Flipkart will restructure Sikaria's portfolio into two units--New Businesses and M3--for focus and to scale up, said Kalyan Krishnamurthy, Flipkart's chief executive officer
 "Adarsh Menon to head new businesses at Flipkart as Prakash Sikaria moves on")
448 notices served to e-commerce entities for violations of declaration
As many as 448 notices were served to e-Commerce entities for violations of the declaration during the last one year and nine months and approx Rs 78 lakh penalty was charged from companies
 "448 notices served to e-commerce entities for violations of declaration")
ONDC adds 15 more cities, onboards Snapdeal for pan-Indian access
The network first began its pilot on April 29 in Delhi, Bengaluru, Coimbatore, Bhopal and Shillong
 "ONDC adds 15 more cities, onboards Snapdeal for pan-Indian access")
Mistakes make a Meesho: What founder Vidit Aatrey learned from failed ideas
Meesho discovered its successful business model the hard way
 "Mistakes make a Meesho: What founder Vidit Aatrey learned from failed ideas")
Nykaa's parent FSN E-commerce soars 5% after men's innerwear brand launch
Shares of FSN E-Commerce Ventures, the parent of cosmetics-to-fashion retailer Nykaa, jumped 4.8% on Thursday, a day after it said its fashion segment was expanding into the men's innerwear
 "Nykaa's parent FSN E-commerce soars 5% after men's innerwear brand launch")
