Page 2 - Online Retail

Has 2021 been a watershed moment for India's e-commerce industry?

New forms of online distribution and business models like live commerce, quick commerce, group buying, WhatsApp commerce, dukaantech and D2C roll-up have made their mark this year

How do dark stores help deliver groceries within 30 minutes?

Indian tech startups are racing towards quick-commerce that targets ambitious buyers in big cities. What is fuelling this need for speed among online grocery startups? Let us understand in this report

Gofers plans to open 150 more dark stores by December for quick commerce

E-commerce firm Grofers plans to open 150 dark stores by December, taking the total count to 350, for quick commerce to deliver orders in about 10 minutes, the company's co-founder said Wednesday. The company claims to have a 3 million monthly order run rate and growth of 3.5 times in the last two months while gaining one million quick commerce users. "At Grofers, we are all humbled by these stories every day, and it motivates us to do more for our country and communities. We have been able to roll out 200 stores in the last three months and are working hard with entrepreneurs like Hardik to roll out another 150 stores in the next 45 days," Grofers co-founder Albinder Dhindsa said in a blog. The company's spokesperson said that the average weekly retention in the segment is 50 per cent, which means half of the users come back next week itself to order again and consistently keep coming back. Grofers claims to have recorded a weekly ordering frequency of 4.5 orders for users who hav

Reliance Retail bridging gaps in ambitions to create a retail juggernaut

Unlike its competitors, RR's overarching presence in all key related goods and services that has potential to influence buying patterns is its biggest advantage

Festive sale: Flipkart bets on small towns for share of $100 bn fashion pie

The Walmart-owned firm said it has democratised fashion in India and now 40% of new shoppers are exploring its e-commerce platform for the first time through the fashion category

Retail ecosytem gets ready to capitalise on $9 bn festive sales opportunity

Festive season sales: Everyone, from sale point to back-end support services provider, is gearing up to grab its share of the pie

BeepKart raises $3 mn in seed round led by Stellaris VP, Chiratae Ventures

BeepKart is taking a tech-first approach to address the trust deficit in the massive used 2-wheelermarket

Indian e-retail market expected to grow to $140 bn by FY26: Bain & Company

The pandemic was a watershed moment for India's e-retail market, driving a 12-month acceleration in e-retail penetration, which was at 4.6 per cent by end of FY21

How one simple rule change could curb online retailers' snooping

All the policies contain vague, confusing terms and give consumers no real choice about how their data are collected, used and disclosed when they shop on these websites

Govt taking steps to check impact of online retailers on small biz: Goyal

Union minister Piyush Goyal flagged concerns about the influence of big online retailers that is adversely impacting small players

Nasscom makes suggestions on proposed amendments to e-commerce rules

According to the draft, the rules will be applicable to "all goods and services bought or sold over digital or electronic network including digital products"

Sharp rise in Amazon customer base in tier II, smaller towns: Pranav Bhasin

The Amazon.in marketplace has witnessed an exponential increase in customer base in tier II cities and smaller towns since the coronavirus-induced lockdowns last year, Pranav Bhasin, Director, MSME and Selling Partner Experience, Amazon India, said. Work-from-home and online schooling enablers are in high demand, besides personal grooming, wellness and grocery products as more customers are getting online for their shopping needs since mid-2020, he added. In an interview to PTI, Bhasin said, "In the last 15- 18 months, we have seen a lot of customers move online, not just in the tier I & II cities but also in smaller towns. Today, 65 per cent of customer orders and over 85 per cent of new customers on Amazon.in are from tier II and below geographies." The Amazon.in marketplace is operated by Amazon Seller Services Private Ltd, an affiliate of Amazon.com, Inc. Stating that customers across nearly 100 per cent of India's serviceable pin codes are in their network, he ..

Tata to finally enter online grocery with CCI nod to BigBasket stake deal

With this, Tata Digital will buy 64.3% stake in Supermarket Grocery Supplies and also be sole control over Innovative Retail Concepts, which runs BigBasket's online retail biz

Retailers push the discount pedal on R-Day, offer rebates of up to 60%

Most categories looking to capitalise on out-of-home momentum

Online retail majors focus on sprawling small retailer base to boost reach

Small retailers are chary about integrating digitally with larger players on grounds that it will give them access to their customer bases

Retailer Myntra Designs sees loss widening to Rs 744.4 crore in FY20

Online fashion retailer Myntra Designs saw its loss widening to Rs 744.4 crore for the financial year ended March 2020, according to regulatory documents.

Flipkart onboards 35% more sellers in 2020 amid e-commerce surge

Online shopping has surged amid the pandemic this year

Top trader-retailer body moves govt against Amazon, Flipkart festive sales

Says hefty discount amounting to predatory pricing, cashback by credit and debit card banks and high interest rate on EMI offered to buyers need to be scrutinised

Online retail sales to hit $2.5 trn in Asia by 2024: Forrester Research

Riding on the surge in grocery demand in the Covid-19 times, online retail sales in Asia will grow from $1.5 trillion in 2019 to $2.5 trillion in 2024, with CAGR of 11.3%, a new Forrester report said

Retail to insurance: Amazon, Ambani's Jio prep for 'one fierce battle'

Jeff Bezos regards India as a key frontier for Amazon; he faces a homegrown champion backed by some of his fiercest US rivals