Page 15 - Ecommerce

Lower-income groups not so hopeful this festival season sale: Report

While the e-commerce platforms have seen an uptick in their festival season sale to Rs 24,500 crore, the average user spending has come down significantly

Commerce ministry's initiative ONDC to be open for public on Friday

The commerce and industry ministry's initiative to help small retailers and reduce the dominance of e-commerce giants, Open Network for Digital Commerce will be opened to the public in Bengaluru from Friday as part of its beta testing process. "Bengaluru consumers to get a whole new shopping experience! Beta testing of the Govt's revolutionary Open Network For Digital Commerce to begin from tomorrow. It is democratic, cost-effective and empowers buyers and small businesses," commerce and industry minister Piyush Goyal said in a tweet. The ministry in April launched the pilot phase of the open network for digital commerce, a UPI-type protocol, in five cities Delhi NCR, Bengaluru, Bhopal, Shillong and Coimbatore. People were allowed to do transactions in these cities. As many as 20 organisations of national repute have confirmed investments of Rs 255 crore into ONDC. Lenders such as State Bank of India, UCO Bank, HDFC Bank, ICICI Bank, and Bank of Baroda have already committed ...

SoftBank-backed Meesho records nearly 68% jump in festival sales

Customers placed a record of about 33.4 million orders during the mega sale with nearly 60 per cent of all orders coming from tier 4+ 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

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

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

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-commerce platform magicpin announces multiple leadership appointments

The new appointments are part of building the magicpin organisation as it prepares for its next phase of growth, and span product, marketing, technology and operations

JioMart morphs into e-marketplace to take on Amazon and Flipkart

Reliance Retail's digital commerce arm has been onboarding additional sellers across categories

Amazon India extends four-hour delivery to 50 cities and towns

Company says service for its Prime members creates job opportunities

Amazon, Flipkart HQs get battle-ready: Draw up sales strategy in war rooms

E-commerce firms are also bringing in various technology interventions that will help them handle the scale of business this season and enhance customer experience

Not enough delivery execs: Gig workers in high demand ahead of festivals

Companies are also giving better incentives such as instant payment throughout the year and consistent working capital flow for delivery partners

Meesho taps Bharat in its battle with Amazon, Flipkart this festive season

The SoftBank-backed firm is expecting 80% of its orders to come from rural India, which includes small towns and cities

Now, order your iPhone 14 on Blinkit and get it delivered in minutes

Service available in Delhi and Mumbai for now. Apple reseller Unicorn Infosolutions to store inventory

Prepare robust grievance redress system before beta test: Govt to ONDC

Govt wants this in place to build trust before making network available to public

Amazon India to halve the fee for new sellers in festival season

Amazon Indian said it will halve the fee for new sellers on its platform as the e-commerce giant gears up for the festive season in one of its key markets.

Live commerce to virtual try on: Flipkart revamps app to woo customers

Introduces Image Search, Live Commerce, and Virtual try-ons for a better discovery experience for customers

E-commerce giants may clock $11.8 bn in gross festive sales: Redseer

The massive growth in festive sales will further push the overall online retail GMV (gross merchandise value), which stood at $52 billion in 2021, to grow by 30 per cent to reach $68 billion in 2022

Over 2 years after Covid outbreak, consumer firms see strong festival sales

The sentiment is robust even in the consumer durables segment

Profits elusive for Amazon India despite $6.5 bn investment: Bernstein

Company faces 'immense competitive pressure' and unfavourable regulatory environment, says US research group

Credit cards gain more currency pipping debit cards for e-commerce

They overtake debit cards for e-commerce and bill payments but remain a minuscule portion of personal loans