Page 9 - E-commerce Companies
Has 2021 been a watershed moment for India's e-commerce industry?
New forms of online distribution and business models like live commerce, quick commerce, group buying, WhatsApp commerce, dukaantech and D2C roll-up have made their mark this year
 "Has 2021 been a watershed moment for India's e-commerce industry?")
B2B ecommerce platform Bizongo raises $110 mn led by Tiger Capital
B2B ecommerce platform Bizongo on Monday said it has raised $110 million in a Series D round led by New York-based Tiger Global Management
 "B2B ecommerce platform Bizongo raises $110 mn led by Tiger Capital")
CARS24 raises $400 mn in latest round of funding from investors
Leading e-commerce platform for pre-owned vehicles CARS24 on Monday said it has raised USD 400 million (around Rs 3,040 crore) from various financial institutions
 "CARS24 raises $400 mn in latest round of funding from investors")
Over 500,000 complaints registered against e-commerce firms in Apr-Nov
A total of 5,12,919 complaints pertaining to e-commerce have been registered in the National Consumer Helpline (NCH) from April 2019 to November 2021
 "Over 500,000 complaints registered against e-commerce firms in Apr-Nov")
These tech firms are taking the e-commerce battle to India's hinterlands
How social commerce firms are democratising e-retail by tapping community group buyers from tier-2 and smaller towns across India
 "These tech firms are taking the e-commerce battle to India's hinterlands")
GoKwik raises $15 mn in Series A funding round led by Sequoia Capital
The company plans to use the funds to work with large marketplaces, scale up its product and technology teams and launch new products
 "GoKwik raises $15 mn in Series A funding round led by Sequoia Capital")
Nykaa IPO: Brokerages recommend subscribing, but cite valuation concern
The much-awaited IPO of FSN E-Commerce Ventures, which owns online e-tailer Nykaa, will open for subscription on Thursday in a price band of Rs 1,085 - Rs 1,125
 "Nykaa IPO: Brokerages recommend subscribing, but cite valuation concern")
US Senator Warren seeks Amazon breakup after India rigging reports
Warren, a long-time critic of Amazon, said "these documents show what we feared about Amazon's monopoly power" that the company is willing and able to rig its platform to benefit its bottom line
 "US Senator Warren seeks Amazon breakup after India rigging reports")
Flipkart Wholesale rolls out new credit program to support kiranas
Flipkart Wholesale, the digital B2B marketplace of Flipkart, has announced the launch of credit programs which aim to help kiranas manage their working capital requirements and grow their business
 "Flipkart Wholesale rolls out new credit program to support kiranas")
Reliance backs govt on proposed e-commerce rules as Tatas oppose
Stand on marketplace draft at variance with Tatas
 "Reliance backs govt on proposed e-commerce rules as Tatas oppose")
Centre mulls changes in draft e-commerce rules, give clarity on flash sales
Revised norms will clear ambiguity on proposed amendments, say officials
 "Centre mulls changes in draft e-commerce rules, give clarity on flash sales")
Cricket legend Virender Sehwag's brand 'VS by Sehwag' gets into e-commerce
The brand is set to acquire 5 mn customers across India in 5 years; is looking to achieve Rs 100 cr revenue via Omni-channel retail, over next 3 years
 "Cricket legend Virender Sehwag's brand 'VS by Sehwag' gets into e-commerce")
Bewakoof eyes Rs 1,000 cr revenue in 2 yrs, expands into beauty segment
Bewakoof expects its revenues to touch Rs 1,000 crore in the next two years as it adds new product categories and strengthens its retail presence across various digital platforms.
 "Bewakoof eyes Rs 1,000 cr revenue in 2 yrs, expands into beauty segment")
New rules will choke e-commerce growth, Indo-American Chamber tells Govt
Says proposed amendments will increase compliance liabilities, can affect investor sentiment globally especially with respect to 'Ease of Doing Business'
81% consumers back e-commerce rules, want clarity on services-based biz
LocalCircles study says 64% want the rules across "all electronically sold services like app-based food delivery, app taxis, home repair, salon, airline & railway ticketing, OTT subscription, payments
 "81% consumers back e-commerce rules, want clarity on services-based biz")
E-commerce cos say new rules will hurt biz, urge govt to extend deadline
Govt is studying industry comments, will take a call on making relevant changes before the rules are finalised
Top headlines: Auto,IT lead advance tax payment; Covaxin shows 77% efficacy
Strap: Business Standard brings you the top headlines on Wednesday
 "Top headlines: Auto,IT lead advance tax payment; Covaxin shows 77% efficacy")
New rules for e-commerce companies likely to raise compliance burden
The consumer affairs ministry proposed changes to Consumer Protection Rules, 2020
 "New rules for e-commerce companies likely to raise compliance burden")
Top Headlines: Adani seeks to defer airports, AIIMS studies third wave
Business Standard brings to you the top headlines on Friday
 "Top Headlines: Adani seeks to defer airports, AIIMS studies third wave")
E-commerce companies face double whammy of lockdowns, sick staff
Companies struggling to meet delivery timelines; many of their delivery associates are down with Covid-19
 "E-commerce companies face double whammy of lockdowns, sick staff")
