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Shark Tank brand Alpino raises $1.2 mn, signs Shilpa Shetty as brand ambassador

The brand has also set a target of becoming a  Rs 500 crore brand in the next two years New Delhi: Surat-based healthy foods brand Alpino has raised $1.2 million (Rs 8.6 crore) in its maiden funding round, with participation from...

71% Indians indicate a sentiment to shop online this festive season: Report

The report indicates that nearly 50% of respondents planning to shop online would spend more on festive shopping this year compared to last yearBengaluru: As many as 71% of Indian consumers indicate a sentiment to shop online this festive...

Mila Beaute sets sights on Rs 100 crore revenue, aims to hit 1 million consumers by 2025: MD Saahil Nayar

Currently, the cosmetics brand is operating with a revenue run rate of approximately Rs 50 crore and a consumer base of around half a million across India Bengaluru: Mila Beaute, a newly launched beauty brand and brainchild of former Swiss Beauty...

Railways, Amazon sign deal to scale up use of train network for faster delivery of customer packages

This development aims to ensure more consistent operational timelines to meet the requirements of the e-commerce sectorNew Delhi: The railway ministry and e-commerce marketplace Amazon India signed a memorandum of understanding (MoU) on Thursday to further strengthen their existing...

Financing platform Velocity announces ₹400 cr festive season fund for D2C brands

The capital will help D2C brands prepare for the demand surge in upcoming festive season sales New Delhi: Financing platform Velocity has earmarked ₹400 crore to support the financing needs of D2C and e-commerce brands in the upcoming festive season...

Amazon India launches ‘Project Ashray’ to setup rest points for delivery associates

In collaboration with the Udyasa Foundation, the initial pilot project will establish five Ashray centres at high-footfall locationsBengaluru: E-commerce marketplace Amazon India has launched ‘Project Ashray’ in order to set up rest points for delivery associates across the entire...

Goyal says not against e-commerce platforms but want them to be fair, honest

The Union minister said the rule of the law should be followed in letter and spirit, and made it clear that consumer preferences should not be influenced by algorithmsMumbai: A day after lambasting e-commerce players for predatory pricing, Union...

Amazon’s investment in India to make up for its losses; not to support Indian economy: Goyal

Goyal said that Amazon's huge losses in India "smells of predatory pricing", which is not good for the country as it impacts crores of small retailersNew Delhi: Commerce and Industry Minister Piyush Goyal on Wednesday questioned Amazon's announcement of $1...

Amazon India partners with Gentari for 10,000 EV fleet by 2025

Under the collaboration, Gentari will procure and deploy electric vehicles for Amazon in the next three years besides providing comprehensive fleet management services to the delivery service partners Mumbai: Amazon India on Monday said that it has formed a strategic...

80% of Amazon Beauty’s new customers are from tier-2, tier-3 cities: Director Zeba Khan

The e-commerce major hosts over 20 lakh beauty and personal care (BPC) products from more than 3.6 lakh Indian and international brands Bengaluru: American e-commerce marketplace Amazon’s India beauty category is witnessing 80% of its new consumers coming from tier two,...
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Avenue Supermarts shares plunge over 8%

In terms of volume, 48.77 lakh equity shares of Avenue Supermarts were traded on the NSE and 1.41 lakh...
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