Page 13 - E-commerce Firms
Beauty brand MyGlamm unveils Good Glamm Group, raises Rs 255 cr in Series C
With a Rs 750-crore war chest, the Good Glamm Group will also make strategic investments in innovative beauty and personal care brands
 "Beauty brand MyGlamm unveils Good Glamm Group, raises Rs 255 cr in Series C")
Unicommerce managing over 1 mn daily transactions, $5 bn in GMV annually
Unicommerce aims to get over 2000 brands on board in the current financial year
 "Unicommerce managing over 1 mn daily transactions, $5 bn in GMV annually")
Alibaba Group Holding seeks to exit media firm after Beijing's scrutiny
The e-commerce giant, which made the purchase only nine months ago, is seeking a waiver from a one-year lock-up agreement, the filing showed.
 "Alibaba Group Holding seeks to exit media firm after Beijing's scrutiny")
Goyal says strong feedback will help prepare robust e-commerce policy
Piyush Goyal said "strong feedback" will help in preparing a robust e-commerce policy
 "Goyal says strong feedback will help prepare robust e-commerce policy")
71% Amazon sellers expect recovery of business during festive season: Study
98% sellers say tech adoption has helped their business, according to a survey by Amazon to gauge expectations of SMBs selling on its India marketplace
 "71% Amazon sellers expect recovery of business during festive season: Study")
India plan for tighter e-commerce rules faces internal govt dissent: Report
The Ministry of Finance is said to have described some proposals as 'excessive' and 'without economic rationale'
We take allegations of improper actions seriously, probe them fully: Amazon
The US e-commerce giant on Monday said it takes allegations of improper actions seriously and investigates them fully to take appropriate action.
 "We take allegations of improper actions seriously, probe them fully: Amazon")
SoftBank sells $1.69 billion of Coupang as Son unloads assets
SoftBank sold 57 million shares at $29.685 on Sept. 14, the company said in a statement to the U.S. Securities and Exchange Commission. The Japanese company is still Coupang's largest shareholder
 "SoftBank sells $1.69 billion of Coupang as Son unloads assets")
Flipkart strengthens supply chain network, aims to create over 100,000 jobs
This year, Flipkart is creating direct seasonal employment for more than 1,15,000 people of which 15 per cent are women and people with disabilities
 "Flipkart strengthens supply chain network, aims to create over 100,000 jobs")
Online retail store Gobbly raises Rs 7.2 crore in angel funding round
The company said it would use the funding to strengthen its position as one of the fastest-growing retail tech startups in India
 "Online retail store Gobbly raises Rs 7.2 crore in angel funding round")
Flipkart, Amazon, BigBasket witnessing spectacular growth: PhonePe CEO
As the acceptance of digital payments have exploded in the country, Walmart-owned PhonePe is expecting its userbase to grow from 300 million to 900 million by 2026
 "Flipkart, Amazon, BigBasket witnessing spectacular growth: PhonePe CEO")
We want to be stronger before going for IPO: CavinKare's Vijayaraghavan
In a Q&A, the company CEO, in charge of the FMCG business details about pricing pressure, cartelisation issues in the raw material space and the company's roadmap, going ahead
 "We want to be stronger before going for IPO: CavinKare's Vijayaraghavan")
Snapdeal plans $350-400 million IPO, eyes valuation of up to $2.5 billion
Recently, Snapdeal said it saw huge traction in the sale of kids' apparel, a jump of 493 per cent in the sixth month period between January and July
 "Snapdeal plans $350-400 million IPO, eyes valuation of up to $2.5 billion")
Amazon to host first-ever Career Day in India, over 8,000 direct jobs ready
140 Amazon recruiters will offer over 2,000 one-on-one career coaching sessions for interested participants to help grow in their careers at the company or elsewhere
 "Amazon to host first-ever Career Day in India, over 8,000 direct jobs ready")
China threatens to ban e-commerce companies that flout IP laws
E-commerce platforms will be restricted from online business operations or even have their licenses revoked if they fail to deal with serious violations of IP rights by vendors on their platforms
 "China threatens to ban e-commerce companies that flout IP laws")
Covid therapy to kindness for burnout: E-commerce cos put staff care on top
The firms are continuing to prioritise employee well-being ranging from support for Covid treatment including hospitalisation to providing facilities for physical and mental health
 "Covid therapy to kindness for burnout: E-commerce cos put staff care on top")
E-commerce enablement startup ANS Commerce eyes Rs 500 cr GMV in FY22
With reports suggesting an 88% increase in consumer demand for D2C brands/products, ANS Commerce plans to leverage this surge in demand to act as a catalyst for its business and revenue growth
 "E-commerce enablement startup ANS Commerce eyes Rs 500 cr GMV in FY22")
Flipkart Plus sees robust growth, reaches 20 million customer base
Around 30% of monthly active customers on Flipkart are now Plus members. Today, Flipkart issues over 1 billion SuperCoins a month, where customers avail various benefits
 "Flipkart Plus sees robust growth, reaches 20 million customer base")
Meesho becomes India's most downloaded app across all categories
According to Meesho, the app has seen over 100 million downloads, that's a tenfold jump in a year
 "Meesho becomes India's most downloaded app across all categories")
Flipkart bets big on social commerce, a $70 bn market by 2030
Today 70% of Flipkart's customers come from tier-2 and tier 3 cities and with Shopsy, Flipkart aims to scale this to 90%
 "Flipkart bets big on social commerce, a $70 bn market by 2030")