Page 10 - Ecommerce

Shadowfax joins ONDC for last-mile delivery services in over 700 cities

Logistics firm Shadowfax has joined government-supported ONDC for e-commerce to provide last-mile delivery service in over 700 Indian cities, the company said on Tuesday. Shadowfax is planning to scale its services to over 1,200 cities. "Shadowfax joins ONDC to offer end-to-end logistics services in over 700 Indian cities," the statement said. ONDC enables players in the e-commerce ecosystem to connect with each other and share their resources for providing services in an open manner. "Providing the best logistics experience to our customers has always been our goal, and joining ONDC is a major step towards achieving it. "This is a significant milestone in the development of technology-enabled logistics services in India, and we believe it is a crucial component of the e-commerce growth journey," Shadowfax, Co-Founder and CBO, Praharsh Chandra said. Shadowfax claims to have a base of over 1.3 lakh monthly transacting delivery partners that deliver over 15 lakh orders daily in mor

Shein is ready to make its second entry into India with Reliance Retail

The Chinese e-commerce company had first entered the Indian market in 2017

Walmart-owned Flipkart sees two top-level exits, both after eight years

Early this year, Flipkart told staff it won't be handing out increments to senior leadership in a 'difficult decision' that was expected to impact 4,500 personnel

With growing user base, ONDC can start a price-war in ecomm market: Report

However, the new e-commerce platform has a long way to go before it can match the technological and service capabilities of companies like Amazon, Flipkart, Swiggy, Zomato, and others

Five major e-commerce firms delist around 13,118 items from platforms

A total of 13,118 items have been delisted by these companies, Amazon delisted 8,095 alarm clips, Flipkart delisted around 5,000 clips and 21 clips were delisted by Meesho

Small grocery stores are making a comeback despite growing ecommerce demand

Despite the rapid rise of modern trade and ecommerce, FMCG companies said they would continue to focus on direct distribution in both urban and rural areas, primarily targeting local grocers

Telangana recorded 40% rise in online orders in FY22: Unicommerce

The data also revealed that consumers from Telangana are shopping across various categories

Government's e-commerce network ONDC available in 236 cities: CEO

The government has said existing platforms are tightly controlled, keeping out many small players. It expects ONDC to increase competition and foster start-up innovation

Discounts, incentives not funded by govt money, clarifies ONDC CEO Koshy

Recently, ONDC has gained a lot of traction because of the stiff competition it is posing to major food aggregators like Swiggy and Zomato

E-commerce platforms growing slower than expected as sale drops: Report

According to several industry insiders, the pandemic-related tailwinds that drove significant growth in online shopping are now waning

ONDC faces weakening growth online, snags likely to hit expansion

The executives, who closely monitor ONDC's ecommerce integrations, reported that order returns and rejections for online purchases made through ONDC partners have been high

Digital India Act: Unravelling regulatory tangles in e-commerce space

Ambitious proposal for an overarching Digital India Act that aims to improve ease of doing business for rapidly expanding sector likely to face challenges of overlapping ministerial responsibilities

India's e-commerce logistics space to exceed 10 bn parcels by FY28: Redseer

The total shipments for e-commerce logistics grew to 4 billion in FY23

Agri-commerce startup WayCool looking to become Rs 6,000-cr entity by FY25

IFC-backed agri-commerce startup WayCool Foods is looking to become a Rs 6,000-crore entity by FY25, up from Rs 2,000 crore in FY23, driven by its fast-growing food products vertical. Chennai-based WayCool was founded by auto industry veteran Karthik Jayaraman and Sanjay Dasari, the son of the ex-head of Ashok Leyland Vinod Dasari in 2015. It was founded as a social enterprise and agri-tech company. Later it diversified into agri-products with a slew of ready-to-cook and other packaged food brands such as Madhuram, Dezi Fresh, Lexotique, Kitchenji, and Freshey's. These brands have fetched around 25 per cent of its Rs 2,000 crore revenue in FY23, up from 10 per cent in the previous fiscal, it was Rs 1,000 crore. Jayaraman, the cofounder and managing director, expects this to scale to 35-40 per cent by FY25, when the company targets to log in Rs 6,000 crore turnover. "We closed FY23 with Rs 2,000 crore of topline. Of this, as much as 25 per cent came from the branded products and ..

Walmart sees more than 2,000 job cuts in e-commerce warehouses across US

The losses include more than 1,000 positions at a warehouse in Fort Worth

Govt's new foreign trade policy set to boost domestic manufacturing

Apart from that, under the policy, e-commerce as export hubs (ECEH) will be set up through private initiative or in public-private partnership (PPP) mode, in partnership with the states or the Centre

magicpin becomes largest restaurant aggregator on ONDC with 22,000 outlets

Plans to add 5,000 more restaurants to its network in three months; Besides tech integration on ONDC, the firm will also be fulfilling all backend logistics related to ordering and delivery

India's ONDC forays into the mobility segment; takes on Uber and Ola

Incorporated in December 2021, ONDC said its aims to create a facilitative model that revolutionises digital commerce, giving greater thrust to penetration of retail e-commerce in India

Amazon's accelerator programme to support 50 Indian D2C startups

Amazon Global Selling Propel Startup Accelerator (Propel S3) is a key part of the e-commerce giant's commitment to enabling $20 billion in e-commerce exports from India by 2025

India to see avg salary hikes of 10.2% in 2023, biggest in e-commerce: EY

Average salary hikes in India will be lower in 2023 compared to 2022, says EY's 'Future of Pay 2023' report. E-commerce, professional services and IT to the biggest hikes