Page 12 - E-commerce Market

Adidas pushes online sales and sustainability in five-year plan

Adidas shares were up 3.2% by 1250 GMT, the biggest gain on the German blue-chip index

ShopG to expand to over 300 cities in India by 2025, onboard more partners

Social commerce company ShopG is scaling up its presence to over 300 cities in the country and onboarding more partners as it looks to tap into the multi-billion dollar opportunity in the segment. ShopG was founded in 2019 by Ankur Arora, Abhishek Mishra, Pranay Suwalka and Yogesh Nehra, and is backed by investors including Orios Venture Partners and RPSG Ventures. The company currently has 1,000 "community leaders" (local micro-entrepreneurs). "ShopG plans to acquire a consumer base of 40 million served by 5 lakh community leaders by 2025. The company's vision is to address the unfulfilled aspirations of customers and thereby, build a GMV of Rs 4,000 crore as ShopG expands to 300-plus cities across India," ShopG co-founder Ankur Arora said. The expansion will primarily focus on tier III and IV locations across states of Karnataka, Kerala, Tamil Nadu, Andhra Pradesh, Maharashtra and Madhya Pradesh. These include Mandya, Shimoga, Tiruppur, Salem, Tirunelveli, Kollam, Parbhani, ...

Business before Atmanirbhar

Many multinationals were already sourcing items across categories from India for overseas buyers

eBay India partners with Kerala Ayurveda to build authentic product lineup

E-commerce major eBay has partnered with Kerala Ayurveda that will allow the latter to build an exclusive showcase of its authentic Ayurvedic products on the online platform.

Flipkart is positioned to win India's e-commerce future: Walmart's McKenna

Flipkart saw more than 250 mn customers over a 5-day period during its flagship 'Big Billion Day' sale event, and PhonePe reached milestone of 1 billion monthly payment transactions, McKenna said

We're well-positioned to grow in India, says Walmart CEO Doug McMillon

McMillon, which is betting big on India through Flipkart, said e-commerce penetration is low in India but growing rapidly

Short video app Chingari enters social commerce, eyes $100 mn revenue

Ties up with Amazon, to bring on board Flipkart, Myntra soon

Amazon integrates Pantry with Fresh in India; provide groceries in 2 hrs

The move would enable the e-commerce giant to simplify the grocery shopping experience for customers.

Players like Udaan may disrupt $1 trn consumer retail market: Bernstein

Udaan's GMV has increased from about $0.6 billion ARR in December 2018 to around $2.1 billion ARR in December 2020, according to US-based research powerhouse Bernstein

Amazon moves SC challenging Delhi HC order on Future-Reliance deal

The e-commerce giant has contended that the Division Bench order is illegal, and arbitrary apart from being without jurisdiction

Top headlines: PM defends farm laws; SBI says will double home loans

Business Standard brings you top news of the evening

JSW Group to scale up JSW One as tech-based biz platform, enter e-commerce

May invest Rs 500-700 cr on e-commerce platform, extend JSW One platform to influencers in home-construction biz such as contractors, masons, engineers, architects, painters

Best of BS Opinion: Kirana comes full circle, impact of PLI schemes & more

Here's a selection of Business Standard opinion pieces for the day

TikTok takes on Facebook with US e-commerce push, says report

Viral video app set to unveil a suite of new online shopping tools

InMobi Group's e-commerce model to mirror physical 'bazaar' feel

Glance, which currently provides a feed of entertainment, news, sports and video game oncent on mobile phone lock screens, has already garnered over 125 million users

Kirana comes full circle

Two recent steps, both by the original posterboy of e-commerce, Flipkart, make it clear that we've come full circle on grocery

SoftBank-backed Grofers eyes Rs 10,000 cr GMV by March on heavy GOBD sales

The Gurugram-based firm is expecting its GMV to touch around Rs 30,000 crore by 2022 as the coronavirus pandemic has accelerated the shift towards online grocery

CCI okays Flipkart's Rs 1,500 cr stake in Aditya Birla Fashion and Retail

Amazon and Flipkart can't directly acquire assets under FDI rules, so they are doing smaller strategic stake deals with offline retailers, hoping to acquire offline assets when rules change

Online transactions grew 80% in 2020 driven by tier 2, 3 cities: Razorpay

The rise was driven by strong adoption of digital transactions in tier II and III cities, according to a report by fintech firm Razorpay

Ecom Express expands to Bangladesh, invests Rs 80.6 cr in Paperfly

Logistics solutions provider Ecom Express on Tuesday said it has invested USD 11 million (about Rs 80.6 crore) in Bangladesh's largest third-party e-commerce logistics (3PL) firm, Paperfly.