Page 12 - E-commerce Firms

Grofers plans to open 150 more dark stores by December for quick commerce

E-commerce firm Grofers plans to open 150 dark stores by December, taking the total count to 350, for quick commerce to deliver orders in about 10 minutes, the company's co-founder said Wednesday. The company claims to have a 3 million monthly order run rate and growth of 3.5 times in the last two months while gaining one million quick commerce users. "At Grofers, we are all humbled by these stories every day, and it motivates us to do more for our country and communities. We have been able to roll out 200 stores in the last three months and are working hard with entrepreneurs like Hardik to roll out another 150 stores in the next 45 days," Grofers co-founder Albinder Dhindsa said in a blog. The company's spokesperson said that the average weekly retention in the segment is 50 per cent, which means half of the users come back next week itself to order again and consistently keep coming back. Grofers claims to have recorded a weekly ordering frequency of 4.5 orders for users who hav

Myntra announces appointment of Nandita Sinha as CEO effective Jan

Nandita Sinha has 17 years of experience in Consumer Internet and FMCG space and is currently associated with Flipkart as Vice President, Consumer Growth and Marketing

E-commerce firms like Amazon, Flipkart clock $9.2 bn in gross festive sales

2021 saw India witness its biggest ever Festive Sales with brands clocking a GMV of $9.2 bn through online channels over this period.

Piaggio, Jio-bp in talks with e-commerce players for EV infrastructure

Diego Graffi, chairman and managing director of Piaggio Vehicles, says the tie-up will provide vehicles and infrastructure to these firms

Super app war: Adani, Tata and Reliance Industries go on acquisition spree

The conglomerates are planning to offer personal loans, travel bookings, and movie tickets to create a consolidated digital platform that will support their existing offline businesses, say bankers

10-minute grocery delivery app Zepto comes out of stealth, raises $60 mn

Zepto was founded by two 19-year-old Stanford dropouts and includes investors like Glade Brook, Nexus, Lachy Groom, Y Combinator and Global Founders Capital

Amazon empowers thousands of sellers during its month-long festive event

Close to 30,000 sellers became Lakhpatis; 70% of the sellers that made a sale were from non-metros; Over 330 Local shop owners became Lakhpatis

Hyperlocal ecommerce start-up LoveLocal raises $18 mn in pre-Series B round

The company claimed that this is the largest round ever raised by a solo woman tech founder in India

Flipkart, FPOs tie up to facilitate market access for farming communities

Through these pact, Flipkart has been sourcing and bringing pulses, staples and whole spices onto its platform, impacting thousands of livelihoods of the farmer community

Meesho charts disruptive strategy, to deliver free in non-tier 1 towns

The move is expected to challenge the big players in the sector which include Jio Mart, Tata's Big Basket, Amazon, Grofers, and others

E-tailers drive festive season sales for consumer goods makers

From packaged foods to home appliances and personal electronics, most consumer goods categories have registered 10-15 per cent growth over last year

E-commerce firms clock $2.7 bn in sales in first four days of festive sale

E-commerce firms are on track to achieve $4.8 billion gross merchandise value

Myntra poised to become India's largest beauty and personal care player

The segment is a major driver of new customer acquisition for the Walmart-owned firm, as vaccination penetration rises and more people venture outdoors

Boom time: 31 and counting, happy hour for India's unicorn club

The great unicorn rush, that started with Digit Insurance this year, has covered diverse sectors from fintech to e-shopping and even cloud kitchen

US-based Poshmark enters India's booming circular fashion industry

US social commerce marketplace Poshmark is the latest to enter a growing space for pre-loved fashion

Meesho to host biggest festival sale event after crossing $4.9 bn valuation

Social e-commerce startup says shopping gala will help local businesses across country to sell online.

Proposed e-commerce policy to be balanced, with robust framework: Goyal

Union minister Piyush Goyal on Sunday assured that every stakeholder's interest will be taken into consideration while framing e-commerce policy which would be robust and in interest of every Indian

E-tail giants up against a brick-and-mortar wall

From accusations of circumventing domestic laws to grappling with a changing policy landscape, doing business in India hasn't been an easy ride

Amazon, Flipkart see strong start to festive season sale

E-commerce majors Flipkart and Amazon India on Sunday said they have witnessed a strong start to this year's festive sale, with demand from tier-II and -III cities driving the momentum

Amazon clarifies to govt on reported legal fee of Rs 8,546cr during 2018-20

Amazon has clarified to the government on its reported legal fee, saying the expense includes professional fee as well, according to sources