Page 11 - Online Shopping

Walmart-owned Myntra launches one-of-a-kind 'Teens Store' on its platform

The store will offer over 20,000 styles from more than 100 domestic and international brands, specific to teen fashion

India ranks 2nd for global investment in digital shopping companies

India is the second-largest global venture capital investment hub for digital shopping companies, growing by a whopping 175 per cent from USD 8 billion in 2020 to USD 22 billion in 2021, according to an official analysis released here on Wednesday. On a global scale, India came in second to the US last year, which attracted USD 51 billion in investment, followed by China at third with USD 14 billion and the UK at fourth with USD 7 billion. Within India, Bengaluru comes out on top globally with USD 14 billion worth of Venture Capital (VC) investments in digital shopping in 2021, followed by Gurugram at No. 7 with USD 4 billion and Mumbai at No. 10 with USD 3 billion. Bengaluru almost tripled its investments from USD 5 billion in 2020 to take the top spot, ahead of other leading cities in the world New York City (second), San Francisco (third), London (fourth) and Berlin (fifth). According to the London & Partners analysis of Dealroom.co investment data, increasing demand for ...

Visa, Amazon reach global deal over payment fees

This agreement includes the acceptance of Visa at all Amazon stores and sites

Indian digital-first brands have $250 bn opportunity by 2030: Report

The findings suggest that consumers opt for these new-age brands for their quality (and not only price) with significantly high repurchase willingness

Blackstone bets on hunger for urgent delivery in Europe in $24-bn deal

Rather than list or seek a private sale, the US investor is opting to recapitalise Mileway, Europe's largest owner of last-mile logistics

Ola to set up India's largest dark store network for its quick commerce biz

In next six months, Ola Dash aims to expand its dark store network to 500 dark stores spread across 20 cities, making it the largest dark store network in India.

Flipkart to host first-ever dedicated Samarth sale event on January 26

Rival company Amazon India's 'Great Republic Day Sale' started from midnight on January 17 with offers until 11:59 pm on January 20.

Fashion retailer Myntra elevates Achint Setia as the head of marketing

Setia will lead Myntra's marketing function while continuing to oversee the social commerce business

Social commerce industry to touch $1.2 trn by 2025 globally: Accenture

Just under two thirds of social media users surveyed said they made a social commerce purchase in the last year, which Accenture estimates to reflect nearly 2 bn social buyers globally

Shopping on social media to hit $1.2 tn by 2025, India key market

Driven by Gen Z and millennial users, shopping on social media platforms is likely to reach $1.2 trillion globally by 2025, and highest growth will be seen in India and Brazil

Why creator is the new king in online commerce's latest iteration

At one end of the spectrum, a host of start-ups are basing entire business models on the presumption that content creators will drive the next wave of e-commerce.

'Oh my God, buy it!' How livestream shopping works in China

Top Western brands from L'Oreal to Louis Vuitton engage livestreamers to help market products on China's top e-commerce platforms

Plan to expand into omni-channel distribution, says Snapdeal

Snapdeal said the company intends to create a distribution channel through offline stores, partnering with existing neighbourhood stores and new franchisees

Online shopping by Indian gated communities to hit $500 bn by 2026

As online shopping explodes in India with an increase in smartphone the total online consumption by the gated communities in India will increase by 2.5 times new report showed on Monday.

Monthly mobile shopping app installs in India reached 113 mn in October

Shopping app installs on India's app stores reached 113 million downloads in October 2021, at the height of the shopping season in the country.

EBay revenue outlook disappoints as pandemic-led boom fades

The company reported a 5% decline in the number of active buyers on its marketplace in the third quarter

Visa beats quarterly profit estimates on travel, online spending boom

Total cross-border volume rose 38% on a constant dollar basis from a year earlier

India's e-commerce industry set to grow 84% by 2024, says report

In India, daily active user (DAU) growth in top shopping apps accelerated in the past three quarters

These teams worked remotely to help Flipkart pull off Big Billion Days sale

RedSeer says Flipkart emerged as the leader during festive sales with an impressive 64% market share. It competes with Amazon, Reliance's JioMart and Tata CLiQ in this space

Clothing & accessories to home appliances, a digital festive season's here

An on-device survey of 2,500 Indian mobile users over Inmobi Pulse