Page 3 - Online Shopping

Meesho hits $6.2 bn GMV run rate, to grow 26% annually till FY31: CLSA

Meesho's gains come as incumbent players such as Flipkart and Amazon have seen slight declines in market share, according to the CLSA report

Meesho cuts loss from Rs 1,569 cr to Rs 53 cr from higher revenue of 33%

Softbank-backed Meesho has reported a significant narrowing of losses to Rs 53 crore while its revenue increased 33 per cent to Rs 7,615 crore in FY24, the company said in its annual report on Wednesday. The e-commerce firm had posted a loss of Rs 1,569 crore, excluding ESOP cost, and revenue of the company was at Rs 5,735 crore in FY23. Meesho, however, claimed to be the first horizontal Indian e-commerce company to achieve profitability in FY24 and the first to generate positive free cash flow of Rs 197 crore for the full year. "Our revenue from operations grew 33 per cent to Rs 7,615 crore driven by an increase in our unique annual transacting users as well as higher order frequency of our existing loyal customers. This success stems from driving efficiencies across multiple areas like logistics, as well as leveraging Generative AI and Machine Learning for better discovery, improved in-app experience and round-the-clock customer support," the report said. Meesho Founder and CEO

Swiggy Instamart takes on Amazon, Flipkart with 10-min smartphone delivery

Customers across 10 major cities can now get their hands on the latest iPhone 16e, along with popular Android smartphones

Only 4% rely on online platforms for clothes: How Indians shop apparel

Discounts and ease of return are key drivers for online purchases.

Amazon delivers 410 mn items via same, next-day services in 2024

The preferred categories for same-day or next-day deliveries include fruits and vegetables, snacks and desserts, beauty products, mobile phones, home decor, and fashion, Amazon said

Roses, chocolates, jewellery: Ecommerce gets Valentine's Week push

India's gifting habits are evolving rapidly, with online platforms playing a central role in festive and occasion-based shopping

10 million orders placed online this Valentine's season, says report

During the first nine days of this month, Tier-II cities recorded over 37 per cent higher volumes compared to the same period in 2024

High-end, premium brands pivoting from metros to smaller towns: Tata CLiQ

High-end and premium brands are making a big geographical pivot from metros to smaller towns in India, according to a Tata CLiQ Luxury compilation that reviews India's evolving luxury landscape. It also found that luxury buyers - led by a woke Gen Z - are increasingly conscious of responsible consumption with an eye on sustainability quotient. Fuelled by the purchasing power of mature millennials and the rising Gen-Z demographic, the digital economy is reshaping consumption patterns and values, thus transforming how, when, and why consumers connect with brands and businesses, said Tata CLiQ Luxury's latest compilation - Thinking Beyond the Cart: Elevating Luxury E-commerce,' that deep dives into the luxury trends in 2025 and beyond. Listing out the broad trends, it noted that high-end and premium brands are making a big geographical pivot from metros to smaller-town India and that the new luxury consumer is educated, and well-wired. A growing quest for behind-the-scenes intel has m

Premium products drive Republic Day sales growth amid urban slowdown

Retailers and durable goods companies report that sales during the Republic Day weekend grew by approximately 10-15 per cent compared to the same period last year

We continue to grow ahead of the market, says Myntra CEO Nandita Sinha

Sinha said Myntra touched 70 million monthly active users during this festive season, and the Gen Z customer base doubled in one year

Dark stores turning profitable rapidly, says Zepto CEO Aadit Palicha

He says that the current fund raise was one of the largest ever raise from domestic investors

Indian qcom startups can be key global players: FM Nirmala Sitharaman

Sitharaman's remarks come at a time when there is a heated debate about the effect of the swift growth of quick-commerce platforms on traditional brick-and-mortar retail stores in India

Walmart's executive Dan Bartlett joins Flipkart as a board member

Bartlett has decades of experience in public relations and government affairs

Deepfakes to social media: Online shopping scams spike this festive season

McAfee's Global Festive Shopping Survey found a rise in online shopping scams led by the creation of fraudulent websites, fake discounts, and the use of deepfakes

Flipkart achieves EV deployment target of over 10,000 in delivery fleet

The firm said it is adopting a fully electric logistics last-mile fleet by 2030 as part of the Climate Group's EV100 initiative

Amazon Seller Services cuts net loss by 28% in FY24; revenue jumps 14%

The company also reduced its net loss by 28 per cent during the year to Rs 3,469 crore, showed financial data sourced from business intelligence firm Tofler

Festive retail growth down by half, Nomura notes strong online demand

While retail sales, both online and offline, saw some increase during the festive season, the overall growth was slower compared to prior years

India’s festive shopping hits record high of Rs 1 trillion

India’s e-commerce platforms achieved record-breaking sales of around Rs 1 trillion during this year’s festive season. Watch the video to know more.

Diwali sees strong delivery orders as dine-in slows in major cities

From favourite food items to last minute preparations, delivery portals come through for consumers

Magicpin records 15-times order growth on ONDC network in 15 months

Hyperlocal e-commerce firm magicpin on Tuesday said it has crossed the 1.5 lakh-mark for daily order of food and logistics services on the government-backed ONDC platform, registering a 15-times growth over 15 months. magicpin joined the Open Network for Digital Commerce (ONDC) network in March last year with 22,000 restaurant partners, which the company has scaled to 70,000, the company said in a statement. The company saw 100 daily orders in early May 2023, which increased to 10,000 in four weeks, the company said. "In about 1.5 years, we have double-digit market share in major cities, with more than 10 per cent market share in key markets like Delhi or Bengaluru in terms of overall food delivery. We are thrilled with magicpin's success on ONDC, where we have reached 1.5 lakh daily orders for food delivery and logistics on the network," magicpin CEO and Co-Founder Anshoo Sharma said. He said 90 per cent of food orders from prominent buyer apps such as Paytm, Tata Neu, and Ola are