Page 8 - E-commerce Industry

Shiprocket set to acquire 75% stake in customer data platform Wigzo Tech

E-commerce shipping firm Shiprocket on Friday said it has committed to acquire a 75 per cent stake in customer data platform (CDP) Wigzo Tech.

Credit card spends dip 11.6% in November after record show in October

November spends are still higher than pre-Covid levels, with 43% YoY growth

Direct-selling companies can't promote pyramid scheme, says govt

The direct sellers as well as the direct-selling entities using e-commerce platforms for sale will also need to comply with the requirements of the Consumer Protection Rules, 2020.

Has 2021 been a watershed moment for India's e-commerce industry?

New forms of online distribution and business models like live commerce, quick commerce, group buying, WhatsApp commerce, dukaantech and D2C roll-up have made their mark this year

Ananth Narayanan-led Mensa Brands acquires home decor label Folkulture

Deal value undisclosed; Folkulture retails largely on Amazon in North America and UK; is recognised for unique and elegant crafts, designed to embellish modern homes with a hint of bohemian culture

Mensa, house of D2C brands, raises $135 mn to become Asia's fastest unicorn

Within six months of starting the business, Bengaluru-based Mensa has raised more than $300 million in equity and debt

China's 'Lipstick Brother' livestream logs $2 billion in a day

Li, who earned his nickname by trying on various makeup products on his show, pre-sold 12 billion yuan in products ranging from Shiseido lotions to Apple AirPods

Indian e-commerce sales could grow by up to 60%, hit $84 bn in CY21: study

EasyEcom report predicts 32-68% spike in festive season demand; electronics the top category in this space, with 34% share of GMV in CY2020, likely to hold fort going forward

Ananth Narayanan-led Mensa Brands invests in 10 fashion and beauty brands

Over the next three years, Mensa will acquire over 50 brands across categories including home, garden, apparel, personal care, and beauty

India, Australia to include e-commerce in final free trade pact

India and Australia have agreed to include e-commerce in the final free trade agreement which is likely to be put in place by the end of next year

Dukaan®, a Leader in E-Commerce Enablement Space, to Hire 100 Engineers to Strengthen its Product and Offerings

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How Amazon Web Services is working with Govt to take on the Covid challenge

NITI Aayog Frontier Technologies CIC, set up in partnership with AWS, to work on initiatives like telemedicine, safe air travel and reaching critical supplies to patients and frontline workers

Govt-appointed panel to meet on modalities of open network for e-commerce

The discussions and meetings will begin soon to allocate work to various agencies that will be involved in developing the platform, said an official in the know

From regulatory lens to unionisation: Challenges aplenty for Amazon's Jassy

Amazon has been accused of using the proprietary data of third-party vendors to make cheaper, private-label versions of their products

New rules will choke e-commerce growth, Indo-American Chamber tells Govt

Says proposed amendments will increase compliance liabilities, can affect investor sentiment globally especially with respect to 'Ease of Doing Business'

Nandan Nilekani to join govt panel on curbing digital monopolies

Idea is to give 'free and fair' choice to buy products on online platform

SoftBank-backed Snapdeal's home category sales grow by 70% amid pandemic

The growth has been led by kitchenware and home improvement category products, which saw a 50 and 100 per cent jump in demand respectively since March 2020

Consumer protection rules: Decoding the impact on e-commerce firms, buyers

The proposed rules have created quite a stir among companies, with some anticipating a change in their business structure if these are implemented

Walmart's Flipkart tells court it offers lower fee if sellers cut prices

Flipkart and Amazon are in a court battle against the CCI bid to restart an investigation into their business practices, after a judge in early June dismissed the companies' pleas.

Antitrust case: HC paves way for CCI investigation against Amazon, Flipkart

Karnataka HC dismissed the petitions of e-commerce giants Amazon and Flipkart against a probe by CCI