Page 20 - Ecommerce

B2B e-commerce platform OfBusiness raises $325 mn at $5 bn valuation

Delhi-based startup that sells industrial goods online and provides financing to small businesses.

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

Amazon crosses 10 lakh sellers milestone across India

The number of Amazon Easy stores is on track to the 1 lakh stores mark by end of 2021

Amazon crosses 1 mn sellers mark in India; 450,000 added since Jan 2020

Amazon India on Wednesday said it now has over 10 lakh sellers on its platform with more than 4.5 lakh new merchants joining the platform in the past two years. More than 90 per cent of the sellers on Amazon.in are local small and medium businesses (SMBs) and over half of these sellers on the marketplace come from tier-II and -III cities, according to a statement. Since January 2020, over 4.5 lakh new sellers have joined Amazon.in. Of these, over one lakh are local offline retailers and neighbourhood stores that have been onboarded on the Amazon marketplace through the Local Shops on Amazon programme, it added. "It is heartening to see the role Amazon is playing in enabling small local businesses across the country, including local offline retailers and neighbourhood stores from across India that are adopting e-commerce and placing their trust in Amazon to grow their business by selling online, participating in last-mile deliveries, joining assisted shopping and more," Amazon India

Alibaba jumps most since Hong Kong Listing as China tech rebounds

Shares of the e-commerce giant advanced as much as 12% on Tuesday

Flipkart merges depts to create singular growth org under Prakash Sikaria

Sikaria, who is Senior Vice President - Growth and Monetization, Flipkart, has been with the firm since 2015

Flipkart social commerce biz Shopsy's revenue grew 4x on festive purchases

Shopsy, which competes with players such Meesho, DealShare, BulBul, GlowRoad, Mall91, and simsim is on track to enable over 25 million online entrepreneurs by 2023.

How Adobe's tech is helping Tata CLiQ compete with e-commerce rivals

Access to Adobe Analytics dashboards and reports enables everyone in the Tata CLiQ ecosystem to dive deeply into data, track sales and make advanced analyses such as assessing customer purchase intent

Amazon infuses fresh capital of Rs 650 cr in Amazon Wholesale (India)

US-based ecommerce giant Amazon has infused fresh capital to the tune of Rs 650 crore into one of its India units, Amazon Wholesale (India), according to regulatory documents. Amazon Corporate Holdings Private Limited and Amazon.com.incs Limited have made the Rs 650 crore investment in the wholesale B2B arm of Amazon India, documents filed with the corporate affairs ministry and shared by market intelligence firm Tofler showed. The date of allotment was October 26, 2021, it added. Amazon India did not respond to emailed queries. According to the documents, a significant share of the funds (over Rs 649.94 crore) came from Amazon Corporate Holdings Pvt Ltd. The fresh funds will provide more arsenal to Amazon in India to bolster its wholesale B2B business in India. Amazon has been aggressively investing across various business units in India. These investments have been deployed towards expanding infrastructure and adding solutions to enhance consumer and seller experience. In Oct

Open network for e-commerce: Beneficial for sellers and consumers?

The government plans to democratise e-commerce with Open Network for Digital Commerce and end what it says monopolistic practices in India. Let us find out how ONDC may benefit sellers and consumers

E-commerce roll-up firm 10club acquires 3 gardening brands for unknown sum

The acquired brands specialise in seeds, soil, flower bulbs, manure, planters, tools and every other kind of equipment a consumer might need for their home gardening needs

Alibaba slashes sales outlook over increased competition, slow demand

Alibaba now expects revenue for the year ending in March to rise between 20% and 23%, the slowest pace since its 2014 stock market debut

US-based e-commerce fulfillment network XPDEL launches India operations

India's e-commerce sector is expected to reach $111.40 billion by 2025 from $46.20 billion in 2020, signifying an annualised growth of 19.24%

How do dark stores help deliver groceries within 30 minutes?

Indian tech startups are racing towards quick-commerce that targets ambitious buyers in big cities. What is fuelling this need for speed among online grocery startups? Let us understand in this report

TMS Ep45: Aviation sector, rise of quick-commerce, markets and decoding AQI

Smooth flight ahead for India's airlines? How are dark stores helping in grocery deliveries? Impact of Sebi IPO rules, Fitch ratings on market. What is Air Quality Index? This podcast answers all

Udaan co-founder Sujeet Kumar on ambitions in a post-pandemic world

Co-founder Sujeet Kumar shares the story of how Udaan managed not only to sustain itself but also grow in spite of the pandemic disruption, in an exclusive interview with Business Standard

Cryptocurrency exchanges may be classified as e-commerce platforms

Crypto exchanges proposed to be classified into 3 categories; may have to register under GST

E-commerce firm Cloudtail's revenue grows 46% to Rs 16,639 cr in FY21

The firm's net profit was up 171% YoY to Rs 183 crore

3 arrested for selling 20kg weed on Amazon India: Newspaper report

E-commerce website's comment awaited as traders association seeks action against it.

Bumper festive season for e-comm firms; India's rich loosen purse strings

Amazon recently said its month-long sales event had seen the biggest-ever shopping activity for its sellers and brand partners, bringing services to millions of customers