Page 6 - E-commerce Market
E-commerce solutions provider Assiduus Global raises $15 mn in funding
The company will use the financing to improve its technology and expand its business
 "E-commerce solutions provider Assiduus Global raises $15 mn in funding")
E-commerce sector expected to create 500,000 jobs by Diwali: Report
The demand for gig workers is, however, not restricted to tier-1 locations. Tier 2 and tier 3 cities have seen an increase of 40 per cent, with a higher demand for delivery workers
 "E-commerce sector expected to create 500,000 jobs by Diwali: Report")
E-groceries, fresh-food get festival season boost from tier-2 & 3 cities
The fresh-food category, witnessed a surge in demand, especially from tier-2 and -3 cities
 "E-groceries, fresh-food get festival season boost from tier-2 & 3 cities")
Tier-2 & 3 regions are goldmines for e-commerce firms: Amazon India V-P
Amazon India has witnessed a significant demand for services from Tier-1 and Tier-2 regions for its flagship sale event
 "Tier-2 & 3 regions are goldmines for e-commerce firms: Amazon India V-P")
E-com giants clock $3.5 billion in first four days of festival sales
For the first 4 days, an estimated Rs 11,000 crore worth of mobiles were sold from the large e-commerce players - In terms of units, 60-70 lakh mobiles were sold in the first 4 days
 "E-com giants clock $3.5 billion in first four days of festival sales")
E-com firms ramp up hiring delivery staff to meet festival season demand
Companies such as Flipkart, Amazon, Meesho and Myntra are gearing up to host their biggest festive sale events without covid restrictions for the first time in three years
 "E-com firms ramp up hiring delivery staff to meet festival season demand")
Flipkart announces The Big Billion Days sale from Sep 23: All details here
Flipkart's flagship event The Big Billion Days will start on September 23 and will go on until September 30
 "Flipkart announces The Big Billion Days sale from Sep 23: All details here")
Amazon announces 'Great India Festivals' sale to begin on September 23
As India is set to enter its festive season, Amazon.in, country's leading e-commerce platform is set to launch its annual festive sale.
 "Amazon announces 'Great India Festivals' sale to begin on September 23")
eB2B share of $1.2 trn B2B general trade mkt to be $100 bn by 2030: Redseer
Among eB2B players, Udaan is emerging as the clear leader, followed by Reliance's JioMart
 "eB2B share of $1.2 trn B2B general trade mkt to be $100 bn by 2030: Redseer")
Udaan, Jiomart led India's B2B e-commerce market to reach $100 bn by 2030
India's B2B e-commerce market, led by players like Udaan and Jiomart, will reach $90-100 billion in gross merchandise value (GMV) by 2030, a report showed
 "Udaan, Jiomart led India's B2B e-commerce market to reach $100 bn by 2030")
Bata India expands footprint but performs below expectations in Q1
Footwear manufacturer trails peers on 3-year growth parameter
 "Bata India expands footprint but performs below expectations in Q1")
Changing customer behaviour helps establish new age e-commerce models
New e-commerce players have set a hawk-eye focus on the latest dynamic trends to ensure success for years to come
 "Changing customer behaviour helps establish new age e-commerce models")
Blue Dart revs up for growth with more planes, greater geographical reach
The company plans to add Boeing 737 aircraft to its fleet in order to access to multiple smaller Indian airports
 "Blue Dart revs up for growth with more planes, greater geographical reach")
Women kirana partners lead deliveries for Flipkart in India's remote areas
The programme enables the kirana partners to make limited time-based deliveries contingent on their comfort and availability and has enabled large-scale participation from women
 "Women kirana partners lead deliveries for Flipkart in India's remote areas")
E-comm retail logistics market projected at $6.3 bn by FY26: Report
The growth will be primarily driven by the e-commerce retail market - expected to reach approximately $145 billion by FY26, with about 15 million daily shipments.
 "E-comm retail logistics market projected at $6.3 bn by FY26: Report")
Panel urges plan to help local vendors build ONDC-compatible technical tool
Says no clarity on ONDC network's liability in case a consumer is delivered substandard products; local businesses will also find it hard to compete with e-commerce giants
 "Panel urges plan to help local vendors build ONDC-compatible technical tool")
Simple-to-use tech platform helps Meesho penetrate India's hinterlands
Meesho said sellers & buyers from tier 2-3 cities and rural India are finding value in the platform's ease of operations and technologies customised as per their unique needs
 "Simple-to-use tech platform helps Meesho penetrate India's hinterlands")
Amazon letter accuses Future group of fraud, seeks forensic audit
E-commerce giant writes letter to retail chain's independent directors, seeks independent probe of dealings with RIL
 "Amazon letter accuses Future group of fraud, seeks forensic audit")
Startups should think of credit solution for small businesses: Vaishnaw
Vaishnaw urged consumer tech companies to leverage Open Network for Digital Commerce (ONDC), India's alternative in its e-commerce market
 "Startups should think of credit solution for small businesses: Vaishnaw")
Rajasthan front-ranker in delivering online services: NeSDA report
Rajasthan ranks first in state/UT service portals in Group B across all sectors (55 services provided online)
 "Rajasthan front-ranker in delivering online services: NeSDA report")
