Page 8 - India Ecommerce Market

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

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

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

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)

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

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

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

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

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

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.

Quick commerce to grow 15 times to touch $5.5 bn size by 2025: RedSeer

Quick commerce is becoming the next major segment in terms of category growth

India's 10-15 minute delivery market to reach $5.5 billion in 3 yrs: Report

As quick grocery delivery under 10-15 minutes time period becomes new growth arena globally, India's quick commerce market is set to witness 15 times growth by 2025, with market size of nearly $5.5 bn

Amazon brand startup Thrasio to invest $500 for India e-commerce expansion

The company and its peers buy out small merchants and plan to use their retail expertise to turn the acquisitions into global brands.

Amazon crosses 1 mn sellers mark in India; 450,000 added since Jan 2020

Amazon India on Wednesday said it now has over 10 lakh sellers on its platform with more than 4.5 lakh new merchants joining the platform in the past two years. More than 90 per cent of the sellers on Amazon.in are local small and medium businesses (SMBs) and over half of these sellers on the marketplace come from tier-II and -III cities, according to a statement. Since January 2020, over 4.5 lakh new sellers have joined Amazon.in. Of these, over one lakh are local offline retailers and neighbourhood stores that have been onboarded on the Amazon marketplace through the Local Shops on Amazon programme, it added. "It is heartening to see the role Amazon is playing in enabling small local businesses across the country, including local offline retailers and neighbourhood stores from across India that are adopting e-commerce and placing their trust in Amazon to grow their business by selling online, participating in last-mile deliveries, joining assisted shopping and more," Amazon India

Flipkart's Shopsy eyes largest grocer tag, rolls out services in 700 cities

Shopsy would leverage Flipkart's grocery supply chain infrastructure and tech capabilities to provide consumers access to an expansive range of products to over 5,800 pincodes

US-based e-commerce fulfillment network XPDEL launches India operations

India's e-commerce sector is expected to reach $111.40 billion by 2025 from $46.20 billion in 2020, signifying an annualised growth of 19.24%

E-commerce firms receive 202 notices for violating country of origin norm

The Union government on Tuesday said it has issued 202 notices to e-commerce players for incorrect declaration of 'country of origin' on products on their platforms in the last one year.

Flipkart launches skill-building academy for e-commerce logistics sector

For the first phase of the program that begins on October 22, Flipkart has on boarded students from Haryana, Bihar, Delhi, Jharkhand, Punjab, Rajasthan and West Bengal

Flipkart is changing 'The Big Billion Days' dates to Oct 3-10

The competition in the Indian e-commerce space is set to heat up further