Online Retail

Flipkart in talks to acquire Bengaluru-based e-pharma player Pharmallama

The deal may result in Flipkart gaining access to technologies of the platform, the people said on condition of anonymity

Nykaa extends fall post Dec quarter results; stock down 8% in two days

The company said gross margin declined due to change in BPC category mix, higher brand funded discount during festive season, consumer downgrades.

Tata Cliq Luxury plans large-scale Black Friday sale starting Nov 23

The sale will have offers on global and Indian luxury and premium brands

Amazon witnesses biggest ever festive sale in India, says top exec

More than 80 per cent of the new customers came from smaller towns for the e-commerce giant's month-long festive sale event Great India Festival which would end on October 23

India's e-retail market to increase to $150 bn-$170 bn by 2027: Report

India's e-retail market rose to approximately $40 billion in 2021 and is slated to reach $50 billion in 2022

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

Online retail may hit Rs 4.9-trillion GMV this year: RedSeer report

In the India e-tailing GMV Index, there is a monthly growth comparison. In 2022, this was 60 per cent higher in April than April 2021

Tea producers reinvent business, adapt online blend for consumer connect

Data available on the Tea Board website showed that India's production in 2020-2021 had stood at 1,283.03 million kg and volumes at the auctions were around 547 mkg

Online retail spending in India to grow six-fold to $300 bn by 2030: Report

Online retail spending in India is expected to grow nearly sixfold to USD 300 billion by 2030 with expansion in the number of digitally-influenced shoppers and online shoppers, said BCG

Lenskart acquires majority stake in Japanese eyewear brand Owndays

This acquisition will take Lenskart's reach to 13 markets, including India, Singapore, Thailand, and Japan and make it one of the largest players in Asia's online eyewear segment

Traceability first step to address fake reviews, govt tells e-commerce cos

A meeting was held on Friday by Department of Consumers Affairs with Amazon, Flipkart, Reliance and Tata to address the issue, say sources

Marks & Spencer Reliance India appoints Ritesh Mishra as Managing Director

Retailer Marks & Spencer India on Wednesday said Ritesh Mishra has been appointed as Managing Director for Marks & Spencer Reliance India Pvt Ltd. Mishra, previously Head of Operations and Property, takes over from James Munson who will now assume the role of M&S International Retail Director in the UK, the company said in a statement. Munson had led the India business for the past five years, overseeing significant growth of M&S across India, including a 50 per cent increase in the number of stores, which currently stands at 91 stores in 34 cities across the country. Mishra will continue to steer M&S from the India support office in Gurgaon, Haryana, and report to Munson, it added. "In his new role, Ritesh will be responsible for leading and accelerating the growth and success of our India operations. With his strong leadership, M&S will continue to remain the consumer-focused retailer that we are, always keeping customers at the heart of everything we do," ...

Zepto raises $200 mn to expand its 10-minute grocery delivery across India

The firm, which was launched 9 months back by two 19-year-old Stanford dropouts, has raised $200 million Series D fundraise, valuing the quick commerce company at around $900 million

SoftBank-backed Meesho records over 100 mn transacting users

Internet commerce firm says customers from smaller Indian cities drive its growth and account for 80% shopping.

What are Dunzo CEO Kabeer Biswas's plans about funding and growth?

In a chat with Business Standard's Surajeet Das Gupta, quick commerce player Dunzo's CEO Kabeer Biswas tells about strategic partnership with Reliance Retail and long-term expansion plan. Listen in

Visa, Amazon reach global deal over payment fees

This agreement includes the acceptance of Visa at all Amazon stores and sites

Retail sales in Jan hurt by Covid curbs, at 91% of pre-pandemic level: RAI

South zone was the least impacted registering a 2 per cent decline, as compared to January 2019

Singapore-based Shopee takes India's e-commerce market by storm

Becomes second-most downloaded app on Google Play; overtakes Amazon, JioMart, Myntra in daily, monthly active users

In the works: National e-commerce policy to script arm's-length rulebook

To apply to all platforms engaged in buying and selling, including social media

Online retail rules when it comes to smartphone sales, says study

This reflects the rising consumer trust and digitalisation of purchase journeys fueling online retail contribution to overall category sales of smartphones, said a report from GfK market intelligence