E-commerce Companies

Ecom, gifting companies unwrap 60% growth ahead of Valentine's Day

E-commerce and gifting platforms report robust Valentine's Day sales, driven by premiumisation, Tier-II and Tier-III demand, faster deliveries and aggressive promotions

Eternal vs Swiggy: Shares surge up to 8% in Feb; which one should you buy?

Delivery platform stocks Eternal and Swiggy are showing a positive trend after 4 months. Kunal Shah, technical analyst at Mirae Asset Sharekhan helps decode trading strategies in these 2 stocks.

CCPA fines e-commerce platformsfor selling unauthorised walkie-talkies

The Central Consumer Protection Authority (CCPA) has initiated suo motu action against e-commerce platforms for listing and selling unauthorised walkie-talkies in violation of the Consumer Protection Act, 2019 and telecom laws, issuing final orders against eight entities and imposing penalties totalling Rs 44 lakh. Notices were issued to 13 e-commerce entities -- Chimiya, JioMart, Talk Pro, Meesho, MaskMan Toys, TradeIndia, Antriksh Technologies, Vardaanmart, IndiaMart, Meta Platforms Inc. (Facebook Marketplace), Flipkart, Krishna Mart, and Amazon, following the identification of over 16,970 non-compliant product listings across platforms. The CCPA found that platforms were facilitating the sale of Personal Mobile Radios (PMRs) operating outside the license-exempt frequency band, without Equipment Type Approval (ETA) certification or proper disclosure of licensing requirements. Penalties of Rs 10 lakh and Rs 1 lakh imposed The authority imposed penalties of Rs 10 lakh each on Meesh

Blinkit, Zomato tailor quick-commerce for India's tier-2, tier-3 cities

Rising incomes, cheap smartphones and data, and improved roads have begun knitting smaller cities and industrial hubs into the national economy

Flipkart buys stake in Minivet AI to drive GenAI-led ecomm innovation

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 gets NCLT approval to shift domicile from Singapore to India

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 close 53% above issue price on debut; valued at ₹76,814 crore

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

Quick commerce drives 45% of festival purchases this year: Report

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

S Korean e-commerce firm Coupang says 33.7 mn customer accounts breached

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 trims FY25 loss to ₹145 cr, revenue up 9% on private-label push

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

Top 26 e-commerce platforms declare themselves free of dark patterns: Govt

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 .

DealShare 2.0: Betting on the middle India shopper with a new strategy

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

E-commerce giants adopt fiscal discipline to trim losses, stave off rivals

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

Etsy names insider Kruti Goyal as new CEO, forecasts weak core sales

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

BigBasket logs strong festive sales as electronics category surges 500%

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

Festival season e-commerce sales jump higher as GST cuts boost demand

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

Amazon doubles same, next-day deliveries in Assam amid rising demand

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,"

Commerce ministry tells retailers to highlight discounts from GST rate cuts

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

Myntra partners with Vellvette Lifestyle to launch beauty brand for Gen Z

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

Myntra ramps up hiring ahead of flagship sale event, adds 11,000 roles

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