RedSeer

Fashion segment and electronics driven by quick commerce platforms in major cities Delhi, Mumbai, and Bangalore

In FY24 alone, the fast fashion sector saw a remarkable growth rate of 30-40%

The gross orders made during the day were a record number of 6.5 million, which is 18 per cent higher in comparison to NYE22

Online food delivery platforms in the country together saw a record 6.5-million orders on New Year's Eve 2023, clocking an 18 per cent year-on-year growth, a report said on Thursday. On New Year's Eve 2022, online food delivery platforms in the country had recorded 5.5-million orders. Redseer's Big Data analysis on Consumer Behaviour noted that the spike in food delivery orders on NYE23 was a nationwide phenomenon as metros, tier-1 cities and rest of Indian cities show almost similar growth in order volumes on this day. Consumers kept on ordering in high volumes throughout the day on New Year's Eve 2023, with the spike peaking for dinners and late-night orders, where the GMV (gross merchant value) delivered was 2.5-3x of other days of the year, it said. Redseer's Big data analysis also observes that on NYE23, customers not only ordered higher volumes, but they also spent more per order. According to Redseer, the average order value was up to 30 per cent higher than that of other da

The goal of their new venture is to help financial institutions launch new-age products and leverage AI and Digital Public Infrastructure (DPI)

Back in 2009, Nilekani and his team played a key role in building digital identity (Aadhaar) which could be verified anywhere online

Anticipating the future, Redseer expects the next wave of DPI-driven opportunities in retail, insurance, healthcare, and agritech

Redseer claimed that Flipkart Group, continues to assert its leadership in Week 1 of the 2023 Festive Season sale

The second half of Week 1 Festive Sale could see strong momentum by low-ASP categories as well

The report said that third-party logistics (3PL) would ride on the back of the Indian D2C market growth

There is expected to be 6 to 8-fold growth in 3PL (third-party logistics) shipments between 2022 and 2030 - from 2 billion in 2022 to an estimated 13-17 billion in 2030, according to Redseer report

Sellers are also planning to spend more on marketing and advertising on e-commerce platforms this festive season to drive sales, as compared to last year

This is 18-20 per cent higher than last year and will be driven by about 140 million shoppers who are expected to be transacting online at least once during this festive month

Redseer's report added that approximately 70% of mass consumers have increased their shopping frequency on e-commerce platforms in the last one year

Their total loss is expected to reduce from $7.1 bn to $1.9 bn, says Redseer

61 mn people participated in fantasy gaming during the T20 cricket tournament

Fantasy gaming apps gained popularity in India during the pandemic. Many new companies entered the market to cash in on cricket's popularity and have launched virtual leagues

Redseer report observes a growing habit of online shopping in both urban and rural parts of India among other electronic retail trends

The total shipments for e-commerce logistics grew to 4 billion in FY23

The Indian e -grocery market, primarily dominated by slotted delivery, is set to witness growth in tier 2 and beyond regions, with horizontal players leading the way