Page 21 - Ecommerce

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

Udaan aims to have 100 exclusive brands in tie-up with small garment makers

Udaan exclusive brands have been specially created to help and empower small businesses - including manufacturers and retailers of Bharat to compete with established brands

Traders protest against foreign e-commerce players, lament 'Black Diwali'

'Bharat Chhodo Morcha' includes a national conclave and on-ground protests in Rajasthan, MP, UP, Punjab and Haryana to urge both govt and consumers to shun foreign brands, embrace local ones

Lovelocal raises $18mn in pre-series B round led by Vulcan Capital

LoveLocal, which has grown 40x since inception is changing how India shops by empowering local retailers and is digitising the $1.1 trillion unorganised retail market

Flipkart builds Snap's Camera Kit into its app to offer users AR experience

Snap's AR technology coupled with Flipkart's understanding of its 350 million customer base will help build an immersive e-commerce experience for Indian users

202 notices for violation of country of origin norms on e-com players

Out of the 202 notices, the highest violations were seen in case of electronic products

Flipkart launches skill-building academy for e-commerce logistics sector

For the first phase of the program that begins on October 22, Flipkart has on boarded students from Haryana, Bihar, Delhi, Jharkhand, Punjab, Rajasthan and West Bengal

Flipkart Wholesale, Rupifi partner to offer 'Buy Now, Pay Later'

Rupifi said it is powering MSMEs with a purchase credit line with flexible repayment options, usage-based interest and zero fees

These teams worked remotely to help Flipkart pull off Big Billion Days sale

RedSeer says Flipkart emerged as the leader during festive sales with an impressive 64% market share. It competes with Amazon, Reliance's JioMart and Tata CLiQ in this space