Page 6 - E-commerce Companies

700,000 new gig jobs to come up between July and December: TeamLease

The upcoming festive season is expected to push demand on e-commerce platforms which will boost their need for gig workers like delivery and warehousing partners

Avenue E-Commerce losses widen, revenue surges past Rs 2,000 crore

In FY23, Ignatius Navil Noronha, CEO & MD of Avenue Supermarts salary stood at Rs 4.55 crore, the same as the previous year

Hike in Amazon seller fee likely to reduce discounts for customers

Other e-comm players such as Flipkart, JioMart, and BigBasket may follow suit

Biz activity for Shopify's Indian sellers up 9.8% to Rs 30,100 cr in 2022

Shopify has a total seller-base of 7.9 million registered Indian Micro, Small, and Medium Enterprises (MSMEs) on its platform

Five major e-commerce firms delist around 13,118 items from platforms

A total of 13,118 items have been delisted by these companies, Amazon delisted 8,095 alarm clips, Flipkart delisted around 5,000 clips and 21 clips were delisted by Meesho

Meesho fires 251 more in 3rd round layoffs; cites judgement error in hiring

Before this, Meesho had fired 150 employees in April and another 300 in August

Flipkart launches new 400,000 sq ft fulfilment centre in Telangana

Fulfilment centres allow e-commerce companies to outsource warehousing and shipping

Ex-Flipkart exec-led Flash.co launches new shopping email ID to reduce spam

The firm has tied up with over 40 known brands to offer a variety of rewards, cashback, and flat discounts across multiple categories including fashion, lifestyle, consumer-tech and D2C

Flipkart launches exchange programme for used ACs with doorstep pickup

Customers can make the exchange irrespective of where the AC was purchased, says company

Swiggy Instamart scales up tech to deliver 1 mn roses in Valentine's week

Other products which are witnessing huge demand, especially during Valentine's week on Instamart include chocolates, teddy bears, greeting cards and curated gift boxes

Nykaa stock now a more attractive 'buy', analysts positive but divided

From listing price of Rs 2,018, shares of the BPC sector firm now trade at Rs 134

98% of e-commerce companies looking forward to hiring in Q4FY23: TeamLease

Recruitment activity to go beyond blue- and white-collar staff, will embrace apprentices as well

E-commerce platform Amazon starts delivering orders by drones in US states

In 2020, the Federal Aviation Administration (FAA) gave the company 'Part 135' approval to send packages by drone

Quick commerce finds it footing amid funding winter, now needs to scale

The sector has fared well both on the fund raising front and on operational performance

Bureau of Indian Standards to engage e-commerce players for self-regulation

India's e-commerce market is estimated at $50 billion in 2022, and is expected to grow to more than 25 per cent per annum to reach $150-170 billion by 2027

SoftBank-backed Cars24 eyes small towns to sell used cars in India

The company more than doubled its India revenue in 2022 to Rs 6,008 crore from Rs 2,776 crore in 2021

Flipkart, Walmart ink MoU with NSIC to speed up capacity creation for MSMEs

The three plan to support MSMEs in their quest to integrate with local and global retail supply chains

Rs 20K-crore Adani FPO to be fourth biggest fundraise by India Inc

RIL's rights issue in 2020 for Rs 53,124 cr remains the single-biggest equity issuance by an Indian firm

To 'make Amazon pay', Indian trade unions join Black Friday protest

Agitation part of global campaign against e-commerce firm

Prosus posts $80-million loss on investment in PayU India

Technology investor Prosus on Wednesday reported widening of its consolidated trading loss to USD 80 million, about Rs 654 crore, on account of investment in PayU India business during first half of the current fiscal. The Netherlands-based investor firm, however, registered a 59 per cent growth in total payments volume (TPV) at USD 28 billion, about Rs 2.29 lakh crore, in India. PayU revenue increased to USD 183 million, about Rs 1,497 crore. "Consolidated trading losses expanded to USD 80 million, as we continued to invest in growing our credit operations in India. In India, our largest payments market, TPV grew 59 per cent to USD 28 billion, and revenue increased 48 per cent to USD 183 million, following increased digitalisation in e-commerce, financial services and bill payments, and a rebound in post pandemic travel," the company said. The Prosus group's overall trading loss widened to USD 1.4 billion during the reported period from USD 2.8 billion a year ago. The revenue of