Page 4 - Ecommerce

Shein re-enters India market after 5-year ban through Reliance Retail

Chinese online fast fashion brand Shein has re-entered the India market almost five years since its ban through the country's leading retailer Reliance Retail. Shein India Fast Fashion App from Reliance Retail currently has over 10,000 downloads on Google's Play Store and is ranked among the top-10 among peers on Apple's store. The brand, now based in Singapore, offers affordable fashion products through its app and online stores in India -- one of its fastest-growing markets. Shein was one of the apps that was banned by the Ministry of Electronics and Information Technology in June 2020 after escalation of tensions with China. Almost three years after getting banned in India, Shein signed a partnership in 2023 with Reliance Retail, led by Isha Ambani, the daughter of billionaire Mukesh Ambani. Reliance Retail Ventures Ltd (RRVL) through its subsidiary RRL (Reliance Retail Ltd), had entered into a technology agreement with Roadget Business Pte Ltd, which owns Shein, to develop an

Temu, Shein targeted as EU cracks down on unsafe ecommerce imports

It said the cheap imports pose unfair competition to EU sellers which follow the rules while the large number of packages being shipped has a negative impact on the environment and climate

EU to tighten checks on cheap products from sites like Temu, Shein

According to the Commission, 91 per cent of all ecommerce shipments into the EU valued under 150 euros last year came from China. In total 4.6 billion low-value shipments arrived in the EU last year

Zepto set to raise IPO size to $800 mn-$1 bn, targets $5.5 bn sales by FY26

Zepto aims for 40 per cent domestic shareholding before its IPO; it is merging its Singapore parent with an Indian entity to relocate its domicile to India

New data rules: E-commerce, social media to delete user info after 3 years

The platforms are required to notify users at least 48 hours before data deletion, providing them the opportunity to log in or initiate contact to retain their information

CAIT writes to Piyush Goyal, seeks action against quick commerce firms

CAIT national president BC Bhartia accused quick commerce platforms like Zomato-owned Blinkit, Instamart (Swiggy), and Zepto of misusing funds received through foreign direct investment

Warmup Ventures launches Rs 300 cr fund to back early-stage startups

Second fund by venture capital firm will invest in sectors like deep tech, climate, sustainability

FMCG major Dabur India's stock seems reasonably valued post correction

Dabur is expanding its premium portfolio and Total Addressable Market (TAM). The company estimates its existing portfolio, contributes less than 5 per cent of TAM

E-commerce: A sunrise sector, purveyor of India's economic growth

In a recent report, Deloitte projected India's e-commerce CAGR to be 21 per cent, expected to reach $325 billion by 2030

India not tougher than other markets: Amazon India head Samir Kumar

On quick commerce, he says a pilot for 15-minute delivery is starting in Bengaluru this month

Amazon's maiden Black Friday Sale in India to kick off from November 29

Amazon said that brands like Apple, Samsung, Sony, LG and more are participating in its first Black Friday sale in India

Festive sales boost e-commerce to $14 bn GMV as tier-II+ cities lead growth

Fashion segment and electronics driven by quick commerce platforms in major cities Delhi, Mumbai, and Bangalore

Nykaa Q2 results: Net profit rises 67% to Rs 13 cr, revenue up 24%

Growth was bolstered by robust revenues across its beauty and fashion businesses

Unicommerce announces acquiring e-commerce technology platform Shipway

Unicommerce will buy 42.76% in Shipway for a cash consideration of Rs 68.4 cr and rest of the stake later

Ambani's Reliance plays catch-up to ride quick commerce wave in country

Reliance plans to leverage its 3,000 supermarkets in 1,150 cities for quick deliveries by deploying small teams operating from dedicated kiosks inside

Here's why a lot can go wrong when everything arrives in just 10 minutes

To have at least half a dozen options for quick commerce is a good thing in an economy where concentration of large monopolies and duopolies is on the rise

Rural India emerges as a goldmine for e-com companies during festive season

Despite logistical challenges, e-commerce firms are ramping up their infrastructure and technology to meet the diverse customer needs in small towns and hinterlands

216k festive season jobs recorded in logistics, e-com, hospitality: Apna.co

This hiring trend is not limited to major metro cities; Tier-II and Tier-III cities are also experiencing a significant rise in job opportunities

B2B e-commerce platform ElasticRun reduces FY24 loss to Rs 359 crore

Revenue for the financial year 2024 came in at Rs 2,434.84 crore, down 48.6 per cent year-on-year. Revenue for FY23 was Rs 4,738 crore

Trai's new traceability rules won't disrupt e-commerce OTP services

Trai's new mandate, set to take effect on November 1, would require traceability of messages sent by principal entities, including banks, e-commerce platforms, and financial institutions