Page 8 - India Ecommerce Market
Paytm Mall becomes first to go live on ONDC in Bengaluru beta test
People can place orders in grocery and restaurant segments for now
 "Paytm Mall becomes first to go live on ONDC in Bengaluru beta test")
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
 "Pharma supply start-up Saveo Healthcare raises $4.5mn in venture round")
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
 "Walmart on a drive to attract Indian sellers to its Canadian marketplace")
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
 "India's rich club grows to 1,103; Zepto's Kaivalya youngest in Hurun list")
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
 "DealShare customer base reaches 20 mn with most from tier 2 and 3 cities")
Profits elusive for Amazon India despite $6.5 bn investment: Bernstein
Company faces 'immense competitive pressure' and unfavourable regulatory environment, says US research group
 "Profits elusive for Amazon India despite $6.5 bn investment: Bernstein")
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.
 "WhatsApp-JioMart to help RIL take on Amazon and Flipkart, experts say")
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
 "Credit cards gain more currency pipping debit cards for e-commerce")
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
 "Ahead of festive season, Amazon, Flipkart scale-up facilities across India")
New e-commerce policy may allow only third party items on e-marketplaces
The proposed policy seeks to ensure that e-commerce marketplaces sell only third-party products on their platform
 "New e-commerce policy may allow only third party items on e-marketplaces")
ONDC to give public access by August, has 150 entities on board yet
Seven companies - one buyer side app, five seller side apps, and one logistics service provider app - have built their own ONDC compatible apps
 "ONDC to give public access by August, has 150 entities on board yet")
Millions of customers shopped during End Of Season Sale event: Flipkart
Flipkart said it saw a resurgence in consumption and a drastic increase in engagement post the pandemic during the company's End of Season Sale
 "Millions of customers shopped during End Of Season Sale event: Flipkart")
Shiprocket to acquire majority stake in Pickrr for $200 mn: Joint statement
E-commerce logistics SaaS company Shiprocket has inked a deal to acquire a majority stake in its competitor e-commerce platform Pickrr for about USD 200 million (about Rs 1,560 crore)
 "Shiprocket to acquire majority stake in Pickrr for $200 mn: Joint statement")
With melas and pilgrimages back, brands roll out new experiences
Rather than simply putting up hoardings and banners or setting up stalls, companies are going for innovative ways to strike a chord with their target audience in small towns and villages
 "With melas and pilgrimages back, brands roll out new experiences")
Amazon blocked 4 bn bad listings in 2021: Director-global brand relations
Amazon's automated technology scanned over 8 billion attempted changes to product detail pages daily for signs of potential abuse, compared to more than 5 billion in 2020
 "Amazon blocked 4 bn bad listings in 2021: Director-global brand relations")
Meesho eyes 1.2 bn shipments by next year using third-party logistics
SoftBank-backed internet commerce firm aims to become biggest contributor in its space in terms of shipments through 3PL players
 "Meesho eyes 1.2 bn shipments by next year using third-party logistics")
Flipkart clocks over 200 mn fashion products in Spring-Summer of 2022
Season saw a resurgence in consumption on renewed economic recovery post-pandemic
Mensa Brands is profitable with net revenue run rate of Rs 1,500 cr
The Ananth Narayanan-led firm achieved this in the first 12 months of operations and it has plans to hire 700 employees in 2022
 "Mensa Brands is profitable with net revenue run rate of Rs 1,500 cr")
Google in talks to join India's open e-commerce network ONDC: Reports
The ONDC programme aims to join 30 million sellers and 10 million merchants online, and cover at least 100 cities and towns by August
 "Google in talks to join India's open e-commerce network ONDC: Reports")
Myntra starts under 48-hour delivery for fashion and beauty products
The 'M-Express' service will work in more than 1,300 pin codes and earn customer loyalty, says the company.
 "Myntra starts under 48-hour delivery for fashion and beauty products")