Page 4 - Ecommerce Firms

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

30% rise in tech firm's e-commerce platforms sales in early festive season

E-commerce platforms during the first week of festive season are estimated to have registered 30 per cent growth year-on-year, inventory and warehouse management tech firm EasyEcom said on Wednesday. EasyEcom said that e-commerce volume will grow more in Tier-2 and Tier-3 towns compared to Tier-1 cities, with non-metros driving nearly 80 per cent of the total e-commerce sales along with Tier-2 towns adding about 60 per cent to the figure. "The first week of the festive sales across e-commerce platforms in India will exceed the gross merchandise value on non-sale days by five times, projecting a figure which will be around 1.3 times up from last year," EasyECom said. The company said that its analysis is based on data captured by its software-as-a-service platform which focuses on omnichannel inventory & warehouse management and reconciliations. The company has seen a 14 per cent growth in product lines on e-commerce platforms. "The subdued performance of the first quarter due to .

Patanjali Foods plans to build export portfolio of FMCG, health products

Firm to focus on new launches with high margins and high growth

Adarsh Menon to head new businesses at Flipkart as Prakash Sikaria moves on

Flipkart will restructure Sikaria's portfolio into two units--New Businesses and M3--for focus and to scale up, said Kalyan Krishnamurthy, Flipkart's chief executive officer

ONDC to give public access by August, has 150 entities on board yet

Seven companies - one buyer side app, five seller side apps, and one logistics service provider app - have built their own ONDC compatible apps

Framework for fake reviews on e-com websites within 60 days, says govt

Days after meeting stakeholders, the Department of Consumer Affairs (DoCA) on Friday said it will be developing a framework to keep check over fake reviews on e-commerce websites within 60 days.

Centre to develop framework to check fake reviews on e-commerce websites

Department of Consumer Affairs held meeting with stakeholders including Amazon, Flipkart, Reliance and Tata to discuss issues arising due to fake and deceptive online reviews

JioMart Express pilot to start this week as quick deliveries demand rises

The pilot is expected to begin with select numbers in Navi Mumbai and will eventually be rolled out in phases to include the rest of Mumbai and another one or two cities in the next one to two months.

Singapore-based e-commerce platform Shopee shuts India operations

The official reason given by Singapore-based e-commerce platform Shopee, which is controlled by NYSE-listed Sea Ltd, is changing global sentiments

Indiamart to acquire majority stake in Livekeeping for Rs 46 cr

B2B e-commerce company Indiamart Intermesh on Friday said it plans to acquire 51 per cent stake in software-as-a-service firm Livekeeping for Rs 45.98 crore in an all-cash deal

Myntra's 'End of Reason Sale' set to attract 60 million visitors

The 6-day event is slated to cater to the fashion, beauty and lifestyle needs of over 4 million unique customers

E-commerce firms receive 202 notices for violating country of origin norm

The Union government on Tuesday said it has issued 202 notices to e-commerce players for incorrect declaration of 'country of origin' on products on their platforms in the last one year.

Shopify launches ERP programme to ease e-comm platform mgmt for merchants

Shopify, the Canada-based e-comm firm, is directly partnering with leading ERP providers globally, including MS Dynamics 365 Business Central, Oracle NetSuite, Infor, Acumatica, and Bright pearl

Flipkart Pay Later aims to provide credit to over 100 mn new consumers

The facility opens a credit line of up to Rs 70,000 that eligible customers can pay back in 3, 6, 9 or 12 EMIs

Industry seeks deadline extension for comments on draft e-commerce rules

In a consultation between industry associations and Department of Consumer Affairs, industry representatives sought extension beyond the July 6 deadline.

A ban, a Chinese e-comm firm and case of distraught Indian sellers

Indian sellers say hundreds of them have been denied legitimate payments, cite a host of other malpractices by China's Club Factory

US currency list move an intrusion in RBI policy space: Commerce secretary

The commerce secretary said he expects robust growth in exports in the current fiscal year

Indian e-commerce to grow 84% in 4 years, helped by Covid-19 impact: Study

Digital commerce accelerated during the pandemic worldwide, says report that tracked trends in 41 countries

No proposal to change FDI rules for e-commerce, says Parkash

There is no proposal to bring in changes in FDI norms for the e-commerce sector, Parliament was informed

Flipkart introduces Marathi on its app, days after Amazon faced ire

Marathi is significant for it is the third most widely spoken language in India.