Datar said there are essentially two types of social commerce. One is called reseller commerce or influencer commerce which is largely at play in the lifestyle space, or fashion and consumer electronics space. The other type of social commerce is Group Buying wherein the reseller aggregates demand to make an order to attain cost efficiencies.
However, there are several problems statements related to social commerce that needs to be solved. “How do you recommend the right kind of products for these resellers, bringing in notions of fairness, allowing them to maximise their commissions while keeping the end customer interests in mind right, making sure that they get the right products that they care for, that they are interested in,” said Datar. “So, there are some problems like these very technical problems in the space of recommendations, fairness, and so on, related to social commerce, where we would like to engage with IIT Delhi, and professors from IIT Delhi, to solve them together.”