Page 22 - Ecommerce

Amazon puts Rs 450 cr in India digital payments arm ahead of festive season

The funding for Amazon Pay came from Singapore-based Amazon Corporate Holdings Private Limited and Mauritius-based entity 'Amazon.com Inc Limited'

E-commerce firms Amazon, Flipkart may clock $9 bn in gross festive sales

Overall online GMV expected to touch $49-52 bn, up 37% from last year, driven by strong consumer funnel expansion and high adoption of online shopping post-Covid

Udaan names co-founder Vaibhav Gupta as CEO, eyes IPO in 18-24 months

The other two co-founders, Amod Malviya and Sujeet Kumar, as Board members will actively work with Gupta to ensure the company effectively transitions to a CEO-led structure

Snapdeal opens 130 distribution hubs across India ahead of festive season

Most of these hubs are in Maharashtra, Karnataka, Telangana, and UP; Snapdeal has also augmented its logistics network in J&K and North-East

CavinKare announces business restructuring, ropes in Gen Next

CavinKare indicated that the business will be split into mainly four different streams - FMCG, ecommerce, retail and research and development.

Traders slam NITI Aayog over divergent view on draft e-com policy

Industry fear change in business model, if these draft rules are implemented

CAIT slams Niti Aayog for interfering in e-commerce rules

CAIT slammed the Niti Aayog for interfering in the e-commerce Rules proposed by Consumer Affairs Ministry, said that such a line taken by Niti Aayog seems to be under pressure of e-commerce giants

Real national interest

E-commerce spat reveals deeper faultlines

Decoded: Why commerce minister Piyush Goyal is peeved at some in India Inc

Indian industry would import even if it helped them save just 10 paise in the finished cost of goods, and then lobby to avoid the levy of anti-dumping duties on such imports, Goyal said

Amazon to end partnership with Murthy's Catamaran Ventures from May 2022

The two partners on Monday announced they have mutually decided to not continue their joint venture beyond the end of its current term

Colloquial searches: Flipkart's voice feature lets users converse with app

Metro cities contribute over 19% of voice searches, with New Delhi at the top

Flipkart bets big on social commerce, a $70 bn market by 2030

Today 70% of Flipkart's customers come from tier-2 and tier 3 cities and with Shopsy, Flipkart aims to scale this to 90%

ED slaps Rs 10,600-crore notice on Flipkart for forex violations

The probe reflects discrepancies in Flipkart's structuring operations, according to the official

Competition Commission open to probe Flipkart, Amazon separately

The two e-commerce giants are currently named in a single complaint, which is being probed by the anti-competition watchdog

Prione's 'mission' is to enable 25 mn businesses in e-commerce: CEO Jathar

Company is a joint venture between Amazon and Catamaran Ventures; it is aiming for 20 per cent year-on-year growth.

The opportunities and challenges for India's social commerce start-ups

Industry experts say there are, however, some basic hurdles that video-based commerce needs to overcome to be successful in India

China fines tech giants for spreading content exploiting children

China's internet watchdog said Wednesday it has fined platforms operated by e-commerce company Alibaba and gaming firm Tencent

Sharp rise in Amazon customer base in tier II, smaller towns: Pranav Bhasin

The Amazon.in marketplace has witnessed an exponential increase in customer base in tier II cities and smaller towns since the coronavirus-induced lockdowns last year, Pranav Bhasin, Director, MSME and Selling Partner Experience, Amazon India, said. Work-from-home and online schooling enablers are in high demand, besides personal grooming, wellness and grocery products as more customers are getting online for their shopping needs since mid-2020, he added. In an interview to PTI, Bhasin said, "In the last 15- 18 months, we have seen a lot of customers move online, not just in the tier I & II cities but also in smaller towns. Today, 65 per cent of customer orders and over 85 per cent of new customers on Amazon.in are from tier II and below geographies." The Amazon.in marketplace is operated by Amazon Seller Services Private Ltd, an affiliate of Amazon.com, Inc. Stating that customers across nearly 100 per cent of India's serviceable pin codes are in their network, he ..

Amazon sued by US product-safety agency over selling defective items

The complaint filed says Amazon sold children's sleepwear that failed to meet federal standards for flammability

LVMH's Moët Hennessy teams up with Campari in wines, spirits e-commerce

LVMH's Moët Hennessy and Italy's Campari have agreed to team up to invest in wines and spirits e-commerce companies and create a European ecommerce player in sector