Online Marketplace

ONDC likely to start levying small user charges on each transaction

The charges may have to be paid by either the seller, or the buyer, or both

TCS secures contract to develop UK's rail data marketplace

The digital marketplace will bring together fragmented sources of rail data into one digital service, to accelerate innovation in the transport sector and enhance the passenger experience

E-marketplaces projected to see enterprise value zoom over 3 times

The report projects that the enterprise value of the companies would go up from $150-200 billion currently to $500 billion by 2027

Covid surge in Beijing triggers panic buying, lockdown-like restrictions

The case increase, which has escalated from under 100 infections a day a fortnight ago, is leading to stepped-up controls in Beijing, a city of 22 million

E-commerce fake reviews: Centre to issue standard guidelines next week

According to sources, the e-commerce companies will also be asked to remove unverified buyers and reviewers, and on failing to do so, action will be taken against them

'What if I'm next?' Fear grips Amazon India employees amid global layoffs

Those in the know say the full force of the impact of global layoffs in India will be felt in the retail division

Flipkart key driver of 13% spike in Walmart's international revenue

Walmart management says early timing of Big Billion Sale, from Q4 last year to Q3 this year, benefited the company

Amazon plans to make changes to Alexa and unprofitable businesses

Cost-cutting measures: Tells workers at unprofitable arms to look for jobs elsewhere

Network connectivity remains big challenge as e-commerce, FMCG go digital

Experts say AR/VR tech has yet to mature; also, immersive experiences with 360° video applications require a lot of data

Nykaa's strong performance in Sept quarter bucks new-age tech bloat

Nykaa has already expanded to 15 cities, not states. Ergo fulfilment costs are already down. Distance from warehouse to customer has therefore, shrunk

Centre to enhance sale of SHG products on e-commerce portals: Minister

The Centre on Friday launched an e-commerce portal for marketing products made by women of self-help groups (SHGs), and said efforts were underway to have at least 25 per cent of all sales by them through online. Union Minister of State for Rural Development Faggan Singh Kulaste inaugurated the Saras Food Festival and said the government will take steps to establish Saras stalls by women SHGs in all state capitals, major cities and metros, airports and railway stations for widening the reach of marketing, the ministry said in an official statement. He also launched the e-commerce portal, www.esaras.in, for better and more effective marketing of the products prepared by women of self-help groups and said, "efforts are on to have at least 25 per cent of all sales by women self-help groups through e-commerce portals annually." Through such festivals, Kulaste said, more and more people will be exposed to ethnic and home-made handicrafts, paintings, toys, food and other items. "Each wom

Fashion retailer V-Mart Retail to acquire online marketplace LimeRoad

Fashion retailer V-Mart Retail Ltd on Monday said it will acquire online marketplace LimeRoad, in a move which will help the company expand its presence in the omni-channel space. The company has signed a "business transfer agreement with A M Marketplaces (LimeRoad) and certain other parties for the acquisition of its LimeRoad business as a going concern on a slump sale basis," said V-Mart Retail in a regulatory filing. Over the nature of consideration, V-Mart said: "for the acquisition of LimeRoad business, the company shall pay lump sum cash consideration of Rs 31.12 crore, which amount shall be subject to adjustments as mutually agreed between the parties." Moreover, V-Mart is also "acquiring assets worth Rs 14.61 crore and assuming current liabilities of Rs 36.26 crore", which shall be subject to adjustments as mutually agreed between them, it added. LimeRoad's net revenue in FY22 was Rs 69.31 crore. In a statement, V-Mart said: "Given the underlying strong unit economics post

Flipkart partners with eDAO for virtual shopping experience in metaverse

Homegrown e-commerce platform Flipkart announced that it has partnered with Polygon-incubated organisation eDAO to launch a metaverse space, Flipverse

Delhivery plans to hire over 75,000 employees to expedite parcel sortation

Logistics firm Delhivery on Friday announced its plans to hire over 75,000 staff for seasonal jobs over the next one-and-a-half month and expand its parcel sortation capacity by 1.5 million shipments per day. Of these, over 10,000 people will be off-roll employees across Delhivery's gateways, warehouses, and last-mile delivery, the company said. The hiring is aimed at meeting the expected higher volumes in both parcels and express part-truck load business during the festive season, it added. The company's fully-automated mega gateway, which is equipped with the automated parcel and hub sortation at Tauru became operational in April this year. The company said it will also double down on its various partner programmes by onboarding individual bikers, local retailers, business partners and transporters with plans to roll out a revenue payout of Rs 150-crore across all programmes. Delhivery said it will hire 50,000 last-mile agents under its Last-Mile Agent programme alone, which off

Rajasthan self-help groups help low-income women with farming, dairy

Women are also being involved in honey production, making solar energy equipment, online marketing, and training to make digital videos

Indian D2C sales could reach $60 bn by FY27: Shiprocket-CII-Praxis study

Many D2C brands have crossed Rs 100 cr in revenue 3-5 years after launch; several orders from tier-2 cities and smaller towns; study projects 1.3 bn smartphone users, 500 mn online shoppers by FY30

The PayPal mafia

The gist of the PayPal history is known to those who follow Silicon Valley history

Understanding online marketplace from antitrust point of view

Traditional antitrust tools, fine-tuned for tackling concerns of digital economy, may help prevent monopoly.

IndiaMart.com, Delhi's Palika Bazaar figure in 'US Notorious Markets List'

The 2021 Notorious Markets List identified 42 online and 35 physical markets around the world that are reported to engage in or facilitate substantial trademark counterfeiting or copyright piracy.

Walmart invites Indian sellers to expand overseas via its US marketplace

India is already one of Walmart's top sourcing markets, and the company has set an ambitious goal of exporting $10 billion from India each year by 2027.