Page 4 - India Ecommerce Market

Horses for courses: ITC devises bespoke plans for distribution channels

In Q2FY25, ITC's sales on quick commerce grew by over 50 per cent year-on-year on a smaller base, contributing 50 per cent of its overall e-commerce sales

Quick commerce major Zepto is India's most funded startup in 3 years

IPO-bound company has raised $1.35 billion in 2024

ED probes Amazon, Flipkart over ties with top sellers, alleges FEMA breach

The ED has reportedly quizzed the 'top' five sellers of both firms and found that many are former employees or relatives of former associates of Amazon and Flipkart

Meesho under fire for selling t-shirts with Lawrence Bishnoi's image

A social media post was shared by filmmaker Alishan Jafri, who pointed out a series of t-shirts being sold on the company's platform, featuring Lawrence Bishnoi's images

Diwali: Zepto collaborates with over 500 artisans to promote local products

Zepto outlined its project of working with 50 families from the Prajapati clan, a community of Kumhars (potters), to support their livelihood, which largely depends on festivals like Diwali

Quick commerce firms don't display items' best before dates: 57% shoppers

Six out of ten consumers told a survey that most quick commerce and some ecommerce platforms were failing to display the 'best before date' as mandated by law

After iPhones, PC makers look to jump on quick commerce bandwagon

Platforms like Blinkit, Zepto, and Big Basket are already witnessing unprecedented demand for smartphones, particularly the Apple iPhone

FDI realities: A decade on, policy for multi-brand retail remains on paper

Ten years after FDI in multi-brand retail was allowed, it remains largely inactive. Meanwhile, e-commerce giants like Amazon and Flipkart continue to reshape India's rapidly evolving retail market

Meesho's festival sale breaks record, doubles day 1 orders from last year

Fashion, personal care & beauty, home & kitchen, and electronic accessories drove the majority of e-commerce traffic on Meesho

Meesho expands portfolio with Bajaj, Himalaya, Bata amid festive jingles

With the festive season approaching, E-commerce giant Meesho has joined forces with various lifestyle brands. With the deals, Meesho now sells products in 30 categories

Ecommerce festive sales to reach $12 billion, quick commerce gains ground

Quick commerce, the burgeoning segment that promises rapid deliveries, is set to contribute $1 billion in gross merchandise value (GMV) to the festive sales

Amazon set to exceed $13 billion in Indian exports by end of 2024

Amazon's rival Walmart has recently announced an ambitious annual export target of $10 billion from India by 2027

Swiggy ropes in former Flipkart executive Amitesh Jha as Instamart CEO

Reshuffle of the top deck comes ahead of food delivery major's IPO

Rapid growth of e-comm matter of concern, not source of pride: Piyush Goyal

Union Commerce Minister Piyush Goyal raised concerns over the rapid growth of e-commerce in India, questions predatory pricing strategies employed by online retail giants

Antfin Singapore Holding divests 2.1% stake in Zomato for Rs 4,771 cr

Antfin Singapore Holding on Tuesday divested a little over 2 per cent stake in online food delivery firm Zomato for Rs 4,771 crore through open market transactions. Antfin Singapore Holding Pte is an arm of Ant Financial Group, while the latter is a part of Chinese e-commerce giant Alibaba. According to the bulk deal data available on the BSE, Antfin Singapore Holding sold 18,54,40,550 shares in two tranches, amounting to a 2.1 per cent stake in Gurugram-based Zomato. The shares were disposed of in the price range of Rs 257.17-257.46 apiece, taking the transaction value to Rs 4,771.66 crore. After the share sale, Antfin Singapore Holding's stake has been reduced to 2.14 per cent from 4.24 per cent. Details of buyers of Zomato's shares could not be ascertained. Shares of Zomato rose 0.27 per cent to close at Rs 263 apiece on the BSE. In March this year, Antfin Singapore Holding pared a 2 per cent stake in Zomato for Rs 2,827 crore. Earlier this month, food delivery aggregator Zo

Ola Cabs rebranded to Ola Consumer, CEO Aggarwal launches loyalty program

Bhavish Aggarwal also announced the relaunch of Ola Share - the ride sharing service, which will start today in Bangalore and soon expand to other cities

Nykaa Q1FY25 results: Net profit jumps to Rs 14 crore, revenue up 23%

Nykaa Q1FY25 results: Ebitda surged over 30% Rs 96 crore in April-June quarter compared to Rs 73 crore last year

E-commerce firms focusing on quick deliveries this festival season

The e-commerce industry is poised for a 35 per cent surge in sales during the upcoming festive season, according to a TeamLease report

Zomato Q1 results: Profit jumps multifold to Rs 253 cr; revenue soars 74%

Zomato's revenue from operations rose 74 per cent year-on-year (Y-o-Y) to Rs 4,206 crore in Q1, up from Rs 2,416 crore a year ago

E-commerce and consumer internet industry welcomes FM Sitharaman's Budget

Krishnamurthy said the government's commitment to green energy and critical mineral missions underscores a forward-looking strategy to ensure sustainable development