Page 3 - Online Shopping

A dozen bananas likely to cost Rs 100 in Delhi, thanks to rains and exports

Traders have attributed this spike to higher exports, rising transportation and storage costs, and a widening gap between demand and supply

Simple-to-use tech platform helps Meesho penetrate India's hinterlands

Meesho said sellers & buyers from tier 2-3 cities and rural India are finding value in the platform's ease of operations and technologies customised as per their unique needs

Meta-owned Instagram to now let US shoppers pay for products via DM

Meta-owned photo-sharing platform Instagram has announced that it will allow shoppers in the US to be able to pay for products directly in messages

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

Myntra sells record-breaking 5 million products on day 1 of EORS-16

Myntra, one of India's leading fashion, beauty and lifestyle destinations, on Monday said that the 16th edition of its flagship EORS-16 witnessed over 70% growth in traffic over business as usual

Expect over 1 mn new shoppers in flagship sale this year: Myntra CEO

Myntra is poised to expect over 1 million new customers, with over 40 per cent of the overall traffic coming from tier 2/3 cities and towns

Alibaba beats revenue estimates on demand for niche China shopping services

The company, however, said it would not issue a forecast for the new fiscal year, citing pandemic-related risks and uncertainties

Men's luxury brand portfolio up 46% in 2021 from pre-Covid yr 2019: Report

According to the 2022 edition of Atlas of Affluence (AOA), a white paper on luxury brand from Reliance Brand Ltd (RBL), 57 per cent of men claimed that their fashion spending has increased

Flipkart Pay Later doubles its user base to over 6 mn in just 7 months

Flipkart Pay Later now provides customers credit up to Rs 1 lakh, depending on the customer's credit profile

E-commerce firm Amazon reports rare quarterly loss as online shopping slows

Amazon's e-commerce business also reported an operating loss of $1.57 billion in North America and $1.28 billion internationally

Walmart-owned Myntra launches one-of-a-kind 'Teens Store' on its platform

The store will offer over 20,000 styles from more than 100 domestic and international brands, specific to teen fashion

India ranks 2nd for global investment in digital shopping companies

India is the second-largest global venture capital investment hub for digital shopping companies, growing by a whopping 175 per cent from USD 8 billion in 2020 to USD 22 billion in 2021, according to an official analysis released here on Wednesday. On a global scale, India came in second to the US last year, which attracted USD 51 billion in investment, followed by China at third with USD 14 billion and the UK at fourth with USD 7 billion. Within India, Bengaluru comes out on top globally with USD 14 billion worth of Venture Capital (VC) investments in digital shopping in 2021, followed by Gurugram at No. 7 with USD 4 billion and Mumbai at No. 10 with USD 3 billion. Bengaluru almost tripled its investments from USD 5 billion in 2020 to take the top spot, ahead of other leading cities in the world New York City (second), San Francisco (third), London (fourth) and Berlin (fifth). According to the London & Partners analysis of Dealroom.co investment data, increasing demand for ...

Visa, Amazon reach global deal over payment fees

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

Indian digital-first brands have $250 bn opportunity by 2030: Report

The findings suggest that consumers opt for these new-age brands for their quality (and not only price) with significantly high repurchase willingness

Blackstone bets on hunger for urgent delivery in Europe in $24-bn deal

Rather than list or seek a private sale, the US investor is opting to recapitalise Mileway, Europe's largest owner of last-mile logistics

Ola to set up India's largest dark store network for its quick commerce biz

In next six months, Ola Dash aims to expand its dark store network to 500 dark stores spread across 20 cities, making it the largest dark store network in India.

Flipkart to host first-ever dedicated Samarth sale event on January 26

Rival company Amazon India's 'Great Republic Day Sale' started from midnight on January 17 with offers until 11:59 pm on January 20.

Fashion retailer Myntra elevates Achint Setia as the head of marketing

Setia will lead Myntra's marketing function while continuing to oversee the social commerce business

Social commerce industry to touch $1.2 trn by 2025 globally: Accenture

Just under two thirds of social media users surveyed said they made a social commerce purchase in the last year, which Accenture estimates to reflect nearly 2 bn social buyers globally

Shopping on social media to hit $1.2 tn by 2025, India key market

Driven by Gen Z and millennial users, shopping on social media platforms is likely to reach $1.2 trillion globally by 2025, and highest growth will be seen in India and Brazil