Page 5 - E-commerce Firms

Food, quick delivery platforms clock all-time high orders on New Year's Eve

While Bengaluru, New Delhi, and Mumbai saw the highest number of orders among the metros, cities such as Jaipur, Chandigarh, and Ahmedabad too witnessed significant demand

Biryani most ordered dish in 2023 on Swiggy for the eighth year in a row

India ordered 2.5 biryanis per second in 2023, and on the day of the World Cup 2023 finals, on November 19, India ordered 188 pizzas per minute

Fraudsters swiped millions of dollars by faking product refunds: Amazon

The lawsuit lists more than a dozen transactions from June 2022 to May 2023 as leading to fraudulent refunds. Items purchased include gaming consoles, smartphones, laptops

Pepe Jeans aims Rs 2,000 cr sales in next 3 years, to add over 100 stores

Denim brand Pepe Jeans London is aiming for sales of around Rs 2,000 crore from the Indian market and plans to expand its retail network by adding over 100 stores in the next three years, its India MD and CEO Manish Kapoor said. Pepe Jeans London, owned by Spanish global fashion group AWWG, is "very buoyant" for the Indian market, and aims to grow at 18-20 per cent compound annual growth rate (CAGR) in the next three to five years, Kapoor told PTI. As part of the strategy, Pepe Jeans is now focusing on the expansion of its network of brand stores and fast-growing e-commerce channels. Pepe Jeans expects 55 per cent of its business to come directly by selling to consumers from its own sales channels. Over Pepe Jeans' expansion plans, Kapoor told PTI, "We will add 100 odd stores in the next three years and in terms of a turnover, we are looking at a CAGR growth of 18 to 20 per cent. So we should be almost around Rs 2,000 crore of consumer sales in three years." When asked about sales

Deals and discounts make a comeback as Black Friday sale catches on

The flagship e-commerce initiatives of the Tata Group-Tata CLiQ, Tata CLiQ Luxury, and Tata CLiQ Palette are hosting their annual and much-anticipated Black Friday Sale

E-commerce, telecom, BFSI most sought-after sectors by freshers: Survey

E-commerce, Telecommunications, BFSI, and IT are the most sought-after sectors for freshers, as these sectors provide substantial career growth opportunities and offer a better environment and work-life balance, according to a survey. According to the survey by job and professional networking platform apna.co, fresh talent is flocking to the e-commerce sector, which witnessed an impressive 22 per cent surge in applications. The BFSI sector showed an 18 per cent growth, while telecommunications and IT sectors followed with 13 per cent and 5 per cent, respectively. The report, which covered over 10,000 participants, noted that 6 out of 10 enthusiastic job seekers hailing from tier 2 and 3 cities like Surat, Jaipur, Gwalior, Bhopal, Indore, Lucknow, and Kanpur are setting their sights on the vibrant e-commerce and BFSI sectors. A substantial 6 out of 10 freshers are drawn to these sectors because of the substantial career growth opportunities. Around 34 per cent prioritise the stabili

Indian exporters on Amazon Global Selling gear up for holiday season

Indian businesses exporting through the Amazon Global Selling program are on track to surpass $8 billion in cumulative exports by the end of 2023

Meesho announces a 9-day break for employees for mental well-being

The firm said this is a testament to Meesho's unwavering commitment to its employees' holistic growth and happiness

Gig workers in e-commerce companies yet to get platform to voice concerns

The report also notes the passage of the Rajasthan Platform-based Gig Workers Act, 2023, and hails it as a 'turning point' in providing social security to platform workers

Amazon warehouse workers' injuries more widespread than thought: Study

The new national study, published Wednesday by the University of Illinois Chicago's Center for Urban Economic Development, found that 69% of workers surveyed stayed home without pay to recover

The Dunzo story: When quick commerce proved to be a tough nut to crack

Dunzo's rush into quick commerce and search for funds have yet to deliver the goods, leaving it in a fragile state

E-commerce firm Meesho's CXO for business Utkrishta Kumar moves on

Megha Agarwal, the current CXO for growth at Meesho, will take the mantle from Kumar and be the new CXO for business and Nilesh Gupta will take on the role of general manager for user growth

Meesho sees record 16 mn new app installs during Mega Blockbuster sale

With 1.2 billion customer visits, categories such as home and kitchen, fashion as well as beauty and personal care garnered more than 72 orders per second

Improving signals for Avenue Supermarts with strong Ebitda, PBT growth

Consensus target price of analysts indicates limited upside; rebound in general merchandise and apparels crucial for margin gains

Record 1.4 bn visits during 'The Big Billion Days' festive sales: Flipkart

Choices in smartphones, laptops, tablets and home appliances indicate a strong premiumisation trend across India this year, said Flipkart

Early Diwali: Fomo, premiumisation light up e-commerce festival sales

The second half of Week 1 Festive Sale could see strong momentum by low-ASP categories as well

Early Diwali: Festival fireworks light up Flipkart, Amazon e-tail party

The CBDT chief said that the department has resolved 1.4 lakh entries under a new demand management facilitation system it launched last year

700K gig roles to be created for ongoing festival season this year

The increased job openings are primarily being fuelled by the flagship sale events hosted by e-commerce platforms

After bumpy 3 qtrs, online sellers expect to see 15% rise in festive sales

After a rocky first three quarters of 2023, online sellers expect to see at least a 15 per cent jump in festive sales year-on-year, according to a report by Redseer Strategy Consultants that underlined market readiness and bullish sentiments for a profitable festive season up ahead. The latest report of Redseer which surveyed a few hundred sellers (primarily the smaller sellers) prior to the festive sales 2023, said anticipation for a festive sales boost among the sellers is "high across categories". "After a rocky first three quarters of the year CY23, online sellers expect at least a 15 per cent jump in festive sales year on year," Redseer said in a release. The findings revealed that despite modest sales growth on e-commerce platforms recently, anticipation for a festive sales boost amongst the sellers is high. Sellers expect a minimum 15 per cent online sales growth compared to last year's festive event, with the median growth figure of 26 per cent sales increase ...

ONDC to open its platform for fintech services like credit, insurance

In insurance, ONDC is starting off with three products - health insurance, marine insurance and motor insurance