E Commerce Firm

Qcom unicorn Zepto appoints Rachit Ranjan as chief public policy officer

Rachit Ranjan will lead Zepto's policy, regulatory and government affairs vertical as the company accelerates growth and aims to build socio-economic value in India

Qcom fuelling snacking in India, says Mondelez executive Nitin Saini

The audience that is there on quick commerce is more disposed to experiment because they have more disposable incomes, said Nitin Saini

ONDC appoints COO Vibhor Jain as acting CEO as leadership reshuffle deepens

ONDC names Vibhor Jain as acting CEO with immediate effect, concluding the Executive Committee's interim oversight as the platform continues its search for a new CEO

China's e-com giant JD-com to invest $27 bn to help exporters go domestic

Beijing increased its tariffs on US imports on Friday to 125%, hitting back against US President Donald Trump's decision to hike duties on Chinese goods to 145

Meesho cuts loss from Rs 1,569 cr to Rs 53 cr from higher revenue of 33%

Softbank-backed Meesho has reported a significant narrowing of losses to Rs 53 crore while its revenue increased 33 per cent to Rs 7,615 crore in FY24, the company said in its annual report on Wednesday. The e-commerce firm had posted a loss of Rs 1,569 crore, excluding ESOP cost, and revenue of the company was at Rs 5,735 crore in FY23. Meesho, however, claimed to be the first horizontal Indian e-commerce company to achieve profitability in FY24 and the first to generate positive free cash flow of Rs 197 crore for the full year. "Our revenue from operations grew 33 per cent to Rs 7,615 crore driven by an increase in our unique annual transacting users as well as higher order frequency of our existing loyal customers. This success stems from driving efficiencies across multiple areas like logistics, as well as leveraging Generative AI and Machine Learning for better discovery, improved in-app experience and round-the-clock customer support," the report said. Meesho Founder and CEO

Pilgrim secures Rs 200 crore funding at Rs 3,000 crore pre-money valuation

The beauty brand will use the funding to help the online brand deepen its offline presence and enhance research and development capabilities

K'taka Assembly passes APMC Amendment Bill to regulate e-commerce companies

The Karnataka Agricultural Produce Marketing (Regulation and Development) (Amendment) Bill was passed by the Karnataka Assembly on Monday. State Agricultural Marketing Minister Shivanand Patil who presented the bill in the state Assembly said that earlier the government was regulating only the APMC yards but once the bill becomes a law, those doing business on the e-platform will have to operate within its framework. For example, D Mart, Big Basket, Amazon and Udaan come in our e-commerce platform. They are doing business evading our legal provisions. We are bringing this law to regulate them from doing business without paying cess, Patil told the House. He also said that in the previous law, there was just the reference to trader' but now the government has incorporated warehouse service providers' in the bill. We have also defined the duties of warehouse service providers'. Along with that, we have given power to regulate them to the APMC Director. There is also a provision to go

Blinkit, Zepto hike commissions to boost revenue amid tough competition

Blinkit and Zepto are increasing commissions on sellers and brands to boost revenue amid fierce competition and rising costs, as both platforms push for profitability and market dominance

Aim to have 25% share in Indian e-com cargo market: DHL E-commerce CEO

Logistics firm Blue Dart, part of the DHL Group, specialises in fast ground deliveries for e-commerce items

Swiggy Instamart expands to 75+ cities, unveils plans for standalone app

Swiggy Instamart will continue to be available on Swiggy's unified app

Zepto's second top-level exit in a month as VP Jitendra Bagga resigns

This development follows the resignation of Zepto's chief human resource officer, Martin Dinesh Gomez, earlier this month

India's tech funding grows 6%, number of deals falls 31.5% to 1,448 in 2024

Quick commerce platform Zepto led major funding rounds this year, raising a total of $1.35 billion

Zepto slightly cuts losses to Rs 1248.6 cr, revenue doubles in FY24

Quick commerce firm Zepto has marginally brought down its losses to Rs 1,248.6 crore in 2023-24 from Rs 1,272.4 crore in 202223 , as per data shared by Tofler. The Mumbai-based firm posted a revenue of Rs 4,454 crore in FY24, more than two-fold increase from Rs 2,025 crore in the previous fiscal. Zepto co-founder Aadit Palicha took to LinkedIn to share the results. "Zepto reduced its absolute losses, with PAT (profit after tax) as a percentage of revenue improving significantly from -63 per cent in FY23 to -28 per cent in FY24," he wrote. Palicha expressed optimism about continuing this momentum towards profitability and said the company is on track for a profit after tax (PAT) in the near future. "Despite being only 3 years old, we were able to successfully close a full statutory audit by a Big 4 firm with no financial qualifications and a clean CARO. This rare achievement for a young startup is the outcome of a governance-focused culture at Zepto and early decision-making that

Amazon to enter quick commerce race with 15-min delivery trial in Bengaluru

This initiative marks Amazon's first venture into offering a 15-minute delivery service globally; the initial rollout will include 1,000-2,000 products

Amazon affirms commitment to enabling $80 bn exports from India by 2030

E-commerce major Amazon on Tuesday pledged its commitment to enabling USD 80-billion in cumulative exports from India by 2030. The new vision marks an ambitious scale-up from the target so far of USD 20 billion by 2025. Amit Agarwal, SVP, Emerging Markets, Amazon, announced the commitment at the company's annual 'Smbhav Summit'. To achieve this goal, Amazon is collaborating closely with the government, lakhs of Indian small businesses, D2C brands, as well as other key stakeholders, he said. "Motivated by the progress that we made in driving exports out of India... we are going to advance our commitment to enable USD 80 billion in exports by 2030," Agarwal said. Since its launch in 2015, Amazon Global Selling has over 150,000 registered sellers from 200-plus cities across India who are set to surpass USD 20 billion in cumulative exports from India by 2024-end, according to a company blog. "This significant milestone will be driven by a combination of enabling exports through Amazo

E-comm firms must ensure transparency, trust: Pralhad Joshi at Amazon event

Minister for Consumer Affairs Pralhad Joshi on Tuesday asserted that e-commerce companies have a significant role to play in ensuring transparent, trustworthy, and safe shopping environment for all consumers. Speaking at Amazon smbhav Summit, Joshi outlined the government's all-out efforts to ensure that consumer rights are protected through slew of measures such as Consumer Protection Act, establishment of central consumer protection authority, consumer helplines, and specific rules to protect consumers from unfair trade practices in e-commerce sector. The future of e-commerce in India is bright, inclusive and transformative, the minister said emphasising the sheer size, and potential of India market. "While this digital revolution offers incredible opportunities, our government believes it is equally important for our consumers to feel confident and make informed choices, and for the e-commerce platforms to gain the trust and the confidence of the consumer is equally very, very, .

Rising competition putting pressure on stocks of Avenue Supermarts

While the earlier QCom players offered a price advantage to DMart, Flipkart Minutes and Amazon Tez are slightly below DMart on price, while pushing QCom convenience

Flush with funds, qcom firms Swiggy, Zepto, Blinkit focus on expansion

While announcing its September quarter results, management at Swiggy said its growth strategy for Instamart is based on hyperlocal expansion

Flipkart's 10-minute medicine delivery to shake up online pharmacy market

Flipkart to launch 10-minute medicine delivery under its 'Flipkart Minutes' service, partnering with local chemists to tap into quick commerce and expand its online pharmacy footprint

China's Singles' Day wraps up with ecomm firms reporting growth in shoppers

Expectations for sales growth for the festival, which is viewed as a gauge of consumer confidence, were subdued this year as confidence in the world's second-largest economy remains low in the wake