Page 18 - Ecommerce

Flipkart ups IPO valuation goal to $60 bn as Covid spurs e-commerce biz

The firm now aims for a US listing in 2023 instead of this year, say sources. This would be the biggest consumer tech IPO in India

Meesho to integrate grocery biz in core app, scale to 12 states this year

The company expects to complete the integration of the grocery business by the first week of May and will rebrand it from Farmiso to Meesho Superstore.

udaan takes on Amazon, Flipkart, JioMart to win Indian e-grocery market

Grocery needs supply chain of fulfillment centres or hubs in an area or region, and several small branches serviced from those centres; it is this challenge udaan is meeting

E-commerce portal Shopee shuts shop in India, CAIT welcomes move

Shopee will cease operations in India from Tuesday and aims to process all orders placed before that

With record GMV of $13.4 bn, GeM catching up with Amazon and Flipkart

Crosses annual procurement of Rs 1 trillion in FY22

Meesho launches integrated e-commerce app for buyers and sellers on Android

Sellers, in particular, can expect a superior e-commerce experience with access to multiple features on the app, which were earlier present only on the web versions

ONDC to help small retailers with modern ways of delivery: Goyal

The Open Network for Digital Commerce (ONDC) will ensure that small retailers get an equal opportunity to engage with big firms, Commerce and Industry Minister Piyush Goyal said on Saturday.

Online shopping platforms witnessing blockbuster Holi festival sales

Meesho clocked 1.4 crore orders during Holi sale and surpassed peak Diwali demand in 2021. Holi essentials category witnessed 60 per cent traction from Tier 3+ cities, on Flipkart' Shosy

Foodie couple and an online biz delivering sweets, snacks fresh to the door

Mirchi.com serves 20,000 pin codes with a delivery model that promises to bring the delicacies to your door absolutely fresh from across mainland India within 1-3 days

Zomato, online grocery company Blinkit in talks for a merger deal

Sources say what is under discussion is a share-swap deal in which Blinkit would be valued at around $750-800 million

Traders' body calls for introducing a regulator for e-commerce sector

CAIT says currently different e-commerce entities being regulated by different entities, resulting in a piecemeal approach and causing confusion among various stakeholders

Multinational e-commerce players violating FDI rules, alleges CAIT

Few multinational e-commerce entities with heavy arsenal of funding operating in India have attempted to flout the FDI norms, said CAIT.

ONDC aims to start operations by August, launch a pilot next month

Apart from retail, network to also include food delivery, travel, tourism & wholesale trade

L&T launches B2B e-commerce platform L&T-SuFin to expand service biz

The platform is targeted at MSMEs to enable them to source their industrial supplies pan-India, digitally

CCI rejects petition against Shopee; CAIT likely to move NCLAT next

Shopee, launched at the end of last year, also took the e-commerce market by storm by becoming the second most downloaded app after Meesho

E-commerce rules: Officials from DPIIT, consumer affairs to meet on Friday

As far as DPIIT's e-commerce policy is concerned, the department has circulated the latest draft policy to other government departments and ministries for consultation

Udaan extends ESOPs to all staff, removes 1-year cliff clause for vesting

All future ESOP allocations at the B2B e-commerce start-up Udaan, will vest every quarter. The one year cliff period is a widely prevalent industry practice for employees' ESOPs to start vesting.

Vaibhav Gupta's plan for Udaan's journey to IPO

The IPO of B2B e-commerce platform Udaan has the potential to impress investors. In a chat with Business Standard's Nivedita Mookerji, Udaan's CEO Vaibhav Gupta tells us about his IPO plans and more

Bizongo: B2B e-commerce start-up completes ESOP buyback worth $3.7 mn

Nearly 70 per cent of all eligible former and current employees of Bizongo opted to liquidate their ESOPs

A meaty opportunity for e-commerce industry in India amid Covid-19

Online meat and fish delivery companies see big potential in the growing consumer appetite for hygienic, home-delivered fresh produce