Page 7 - India Ecommerce Market

GeM closes in on Amazon, Flipkart in gross merchandise value

In FY22, govt's public procurement portal recorded a GMV of $14.2 bn, as against Amazon India's $17 bn and Flipkart's $23 bn

Gautam Adani's plans for an India super-app could run into a tech downturn

Adani Enterprises Ltd., the group's flagship, is seeking to raise 200 billion rupees ($2.5 billion) by selling new shares. The additional firepower may come in handy to beef up the fledgling super-app

E-commerce fake reviews: Centre to issue standard guidelines next week

According to sources, the e-commerce companies will also be asked to remove unverified buyers and reviewers, and on failing to do so, action will be taken against them

India not immune to impact of macro-economic environment: Flipkart CEO

Kalyan Krishnamurthy expects the fallout of the global macro environment next year in areas such as company valuations and the funding environment as well

25% of demand now coming from digital channels, HUL tells investors

Says it's seeing 4x increase in e-commerce sales and 2x growth in modern trade

Consumer protection rules: E-tailers may need user nod to share data

E-commerce firms may have to incur higher costs for upgrading tech to comply with norm

Festival season propels demand for third-party logistics players

Further penetration into smaller cities will only add to this dependence on third-party delivery partners

DealShare launches private brands, plans Rs 500 cr investment in 2-3 years

Brands to be manufactured in tie-up with SMEs; 52 products launched under home cleaning, personal hygiene, pantry staples, and male grooming so far, more categories in two years

Shiprocket becomes first inter-city logistics provider to join ONDC network

Company will enable sellers to select delivery partners to ship products across India

Botched deliveries take toll on Amazon and Flipkart festival sales

The exact number of orders gone wrong is a number that will not be disclosed by the companies

ONDC seeks public comments on 24 issues to strengthen its network

ONDC, a government entity to democratise e-commerce in India, has sought public comments on 24 issues pertaining to payments, fulfilment of orders, refunds and cancellations to build trust among network participants. Open Network for Digital Commerce (ONDC) has floated a consultation paper to seek views on steps it is taking to build trust so that more and more participants (buyer apps, sellers apps, payment gateways and delivery apps) take advantage of the fast-growing e-commerce sector. "This is an open consultation. The last date for submitting responses is 31st October 2022," the 43-page paper titled - Public Consultation: Building Trust in the ONDC Network - said. The questions pertain to search and discovery, placing an order, fulfilment of an order, payment and settlement, returns, refunds and cancellations, grievance management, enforcement and compliance, and community governance. It has listed 24 questions, including what more can ONDC do to make the process of search and

Paytm Mall becomes first to go live on ONDC in Bengaluru beta test

People can place orders in grocery and restaurant segments for now

Pharma supply start-up Saveo Healthcare raises $4.5mn in venture round

Company founded by 4 IIT graduates will use money to expand its presence and for improving technology

Walmart on a drive to attract Indian sellers to its Canadian marketplace

The US retail giant operates more than 400 stores and is one of the largest online retailers and fastest growing marketplace platforms in Canada

India's rich club grows to 1,103; Zepto's Kaivalya youngest in Hurun list

More than 82% of the billionaires on the list are above the age of 50, and only 0.6 per cent of the rich in the list are below the age of 30, said the Hurun India study

DealShare customer base reaches 20 mn with most from tier 2 and 3 cities

Their aim is to expand the DealShare Dost network by 10% month on month, contributing to over 40% of the overall revenue/sales in the next four years, the statement said

Profits elusive for Amazon India despite $6.5 bn investment: Bernstein

Company faces 'immense competitive pressure' and unfavourable regulatory environment, says US research group

WhatsApp-JioMart to help RIL take on Amazon and Flipkart, experts say

Experts say the partnership will give JioMart access to over 487 million WhatsApp users in India. Experts say that the total annualised active e-commerce users in the country are only 200 million.

Credit cards gain more currency pipping debit cards for e-commerce

They overtake debit cards for e-commerce and bill payments but remain a minuscule portion of personal loans

Ahead of festive season, Amazon, Flipkart scale-up facilities across India

E-commerce firms such as Amazon, Flipkart, and others witnessed blockbuster festive season sales of about $9.2 billion last year