E-commerce Companies

Ecommerce company Flipkart on Friday said it has acquired a majority stake in Minivet AI, an Artificial Intelligence and Machine Learning solutions provider. The acquisition is a strategic move to build and invest in core Generative AI (GenAI) capabilities, at a time when e-commerce is rapidly shifting towards visual, conversational, and AI-led discovery, the Walmart-backed ecommerce firm said in a statement. It, however, did not disclose the financial details of the acquisition, including the quantum of stake bought or size of deal. "Flipkart, India's homegrown e-commerce marketplace, today announced it executed definitive documents to acquire a majority stake in Minivet AI, an innovative AI/ML solutions provider founded in 2024," it said. The latest move is expected to accelerate the transition to a more intuitive, interactive, and immersive shopping experience for e-commerce platforms, including Flipkart, it said. Minivet AI focuses on generative video for e-commerce, transform

Flipkart's proposed public offering would be the second by a Walmart-owned entity after PhonePe, which relocated its domicile to India in October 2022

Meesho shares listed at a 45 per cent premium and ended 53 per cent above the issue price, after its IPO was subscribed 79 times and raised Rs 5,421 crore for growth plans

The top three platforms, Blinkit (45 per cent share), Swiggy Instamart (25 per cent share) and Zepto (23 per cent), together have about 90 per cent market share

Coupang, dubbed the Amazon.com of South Korea, is the country's top online retailer with its services ubiquitous for many Koreans using its "Rocket" fast deliveries

ElasticRun has narrowed its FY25 loss to Rs 145 crore as revenue increased 9 per cent, backed by stronger private-label traction, regional brands, and a deeper logistics push

The government on Thursday said 26 leading e-commerce companies have self-declared that their platforms are free from dark patterns. Zepto, Zomato, Swiggy, Jiomart and BigBasket are among these 26 e-commerce platforms. This is a significant step towards protecting consumer interest in the digital marketplace, the Department of Consumer Affairs said in a statement. As many as 26 leading e-commerce platforms have voluntarily submitted self-declaration letters confirming compliance with the Guidelines for Prevention and Regulation of Dark Patterns, 2023, it added. The Department has been making efforts to curb deceptive online design practices that mislead or manipulate consumers. These 26 e-commerce players have conducted internal self-audits or third-party audits to identify, assess and eliminate any presence of dark patterns. "All 26 companies have declared that their platforms are free from dark patterns and do not deploy any manipulative user interface designs," the statement .

After layoffs and founder exits, Tiger Global-backed startup rebuilds its model around value, convenience, lower-middle-class households

Firms are tightening spending, optimising supply chains, and expanding into smaller cities, positioning themselves for public listings as post-pandemic demand growth slows

For the third quarter, Etsy posted GMS of $2.72 billion, down from last year's $2.92 billion and market estimate of $2.76 billion, per three analysts on LSEG

Along with BigBasket, other q-com platforms such as Instamart, Zepto, and Flipkart Minutes also registered a significant increase in sales compared to last year

Consumer behaviour this season reflects a bullish sentiment, fuelled by GST-enabled price reductions that have lowered costs in high-ticket categories such as electronics and pushed festive demand up 23-25 per cent across metropolitan and emerging markets. The GST reforms, effective from September 22 -- the first day of Navratri --reduced tax rates in several high-demand categories, including large-screen TVs, mid-range fashion and furniture, providing direct price benefits to consumers. These changes have not only lowered retail prices but also encouraged shoppers to look beyond tactical discount-hunting towards more aspirational purchases, lifting participation from tier 2 and tier 3 cities and stimulating growth in discretionary spending. According to market research firm Redseer, the reduction of GST on large TVs from 28 to 18 per cent led to a 6-8 per cent fall in retail prices, boosting demand for premium models. Fashion items priced below Rs 2,500 now attract just 5 per cent

E-commerce major Amazon said it has doubled its product deliveries in the same and next day categories in Assam, while also registering an increase in demand for premium products. More than 10,000 sellers from Assam have also benefited through Amazon, reaching out to customers across the country, a company official said. "Amazon India is gearing up to meet rising customer demand in Assam, especially Guwahati, bringing customers unmatched value, speed and selection," Pallavi Singh, senior manager, Amazon Prime India, said here. She said this festive season, premium products in the Amazon fashion and beauty categories are being preferred by customers in Guwahati. "Watches and luxury beauty are seeing a 30 per cent year-on-year growth, driven by demand for metal strap digital and analog watches and moisture-rich beauty products. Demand for jewellery in Assam is also on the rise, growing 20 per cent year-on-year, with traditional Assamese designs continuing to be a customer favourite,"

The commerce and industry ministry has directed physical retail chains to prominently display and advertise discounts due to the recent GST rate rationalisation. In a communication to the Retailers Association of India, Department for Promotion of Industry and Internal Trade (DPIIT) said retailers should reflect the GST reduction in the receipt / bill as GST discount and major focus be given on high impact products. "Prominently display and advertise 'Discount due to GST' through their networks. For example - posters / flyers and ads (print, TV and online) through their own retail networks," it said. The department has also suggested that sales figure be monitored during this festive season and highlighted through various channels. Nearly 400 products - from soaps to cars, shampoos to tractors and air conditioners - will cost less when the rejig of the GST is effective from the first day of Navaratri on September 22. Starting September 22, the GST slab structure will change - 5 pe

Fashion ecommerce retailer woos India's Generation Z consumers with hybrid skincare-makeup products

Seasonal hiring includes around 30% women as demand ramps up before Big Fashion Festival

E-commerce major Amazon has witnessed a shift among customers towards premium and wellness-led products under its Fresh and Everyday essentials categories, the company said. In order to enhance its operations network, Amazon has opened two new fulfilment centres in Thiruvallur and Krishnagiri, aimed at helping sellers in the region to serve their customers efficiently. Commenting on the occasion, Amazon India, Director-Amazon Fresh, Srikant Sree Ram said, "The shift we are seeing in Chennai toward premium and wellness-led products reflects how customers are celebrating more mindfully and seeking quality in every purchase." "At Amazon Fresh, our focus is not only on offering this wide selection from premium fruits to wellness essentials, but also on ensuring customers can access them with the convenience of fast, reliable delivery. This combination of selection, quality and speed is what we believe makes Amazon Fresh and Everyday Essentials a trusted destination for festive shopping,

E-commerce major Flipkart on Monday said it has created over 2.2 lakh seasonal job opportunities across supply chain, logistics, and last-mile delivery roles, ahead of the festive season. Additionally, Flipkart's logistics network will see 650 new festive-only delivery hubs in Tier 2 and 3 cities, according to a company statement. "In the lead-up to the festive season, Flipkart is scaling employment opportunities, infrastructure, and tech deployments across 28 states. With the creation of over 2.2 lakh+ job opportunities, expanded last-mile reach, and inclusive hiring across Tier 2 and 3 cities, Flipkart's ecosystem-first approach this festive season is built for scale," it said. This includes a 10 per cent rise in female hiring, and an additional focus on creating more festive job opportunities for PwD (persons with disabilities) individuals, Flipkart said. Earlier this month, Amazon India said it has created over 1.5 lakh seasonal work opportunities in its operations network of .

We want to build a daily essentials platform and create a habit amongst customers to buy fresh fruits, vegetables, perishable items, etc., from Minutes, says Biswas

India's GST overhaul is expected to drive festive e-commerce sales higher by 15-20% in electronics and other categories, as lower tax rates put more money in consumers' hands