Page 11 - E-commerce Firms

GST rule change for small businesses a game-changer for ONDC: Goyal

Goyal said another big advantage is for the small retailers who are very keen to engage with ecommerce

58% e-commerce consumers say their negative ratings not published: Survey

Almost 65% find product ratings to be positively biased, according to LocalCircles

Udaan lays off about 180 employees in a move to drive cost-efficiency

The layoffs have happened at a time when Udaan is trying to turn into a publicly listed entity in 18-24 months

Govt to take action against fake reviews on e-commerce platforms

Department of Consumer Affairs to hold meeting with e-commerce entities and stakeholders on Friday to discuss magnitude of fake reviews and prepare a roadmap ahead

Amazon created more than 1.16 mn jobs, digitised 4 mn MSMEs in India

The firm said it focused on creating a robust infrastructure to help Indian businesses address customers in over 200 countries and territories

E-commerce firm Amazon reports rare quarterly loss as online shopping slows

Amazon's e-commerce business also reported an operating loss of $1.57 billion in North America and $1.28 billion internationally

Amazon bets big on social commerce, acquires women-focused startup GlowRoad

The acquisition would help Amazon compete with Flipkart's Shopsy platform and social commerce firms such as Meesho, DealShare, BulBul, Mall91, and simsim.

SoftBank-backed Meesho lays off 150 employees from grocery vertical

Last week, firm said it was integrating grocery biz within the core app to offer users unified shopping while driving stronger synergies across customer acquisition, technology, product and talent

Tata's Neu: Group packs power brands in all-in-one e-commerce app

Described as a "super-app" and in the pipeline since at least mid-2020, the website called it "a unified platform that connects several brands across the Tata universe like never before"

Online D2C brands grapple with moment of truth in the valuation game

Valuation demands of around 10x of revenue had become way too common despite the fact that consumer brands are fundamentally different from tech businesses.

NIIF drops investment in TPG-backed e-commerce startup FirstCry: Report

FirstCry, formally known as BrainBees Solutions Pvt, runs an online store featuring products for children and expecting mothers

D2C business enabler Instamojo reports revenue growth from online stores

Contribution jumped from 2% to 20% in one year after the launch of the beta version, says start-up.

udaan shipped over 260 mn products across 1000 cities of Bharat in 2021

In 2021, udaan witnessed a huge surge in business across essentials category adding over 300,000 new retailers and a repeat purchase rate of over 94 per cent.

Meesho to hire over 450 people this year to scale technology team

Digital commerce platform Meesho said it aims to onboard more than 450 people this year to strengthen its technology team.

E-commerce firms ramp up operations to meet growing demand amid Covid spike

Besides growing tech and digital enhancements, these firms are ramping up hiring of more delivery partners and reinforcing existing covid protocols

Hiring by e-commerce firms set to rise 32% in 2022: TeamLease report

From a location perspective, the last quarter saw Kolkata and Gurgaon as top regions for employment in these sectors and among roles, sales and office services stood out, says report

GlobalBees enters unicorn club with $111.5 mn funding led by Premji Invest

GlobalBees was founded in May 2021 and has built a diverse portfolio of companies across categories.

Mensa Brands acquires online kidswear firm LilPicks for unknown sum

Founded in 2017, LilPicks has grown rapidly over the past four years and offers trendy, quality, designer, and affordable clothing, and accessories for children

Alibaba Group overhauls e-commerce businesses, names Toby Xu new CFO

The changes come as Alibaba faces headwinds on multiple fronts, including increased competition, a slowing economy and a regulatory crackdown

CCI won't be intimidated by the arrogance of Amazon, says Future Retail

Company says US e-com major showed disregard to Indian law by walking out of CCI proceedings