e commerce
E-Commerce
Flipkart losses widened to over Rs 7,800 crore in FY22
PTI -
The loss is based on performance of its business-to-business unit Flipkart India and B2C e-commerce unit Flipkart Internet, according to regulatory filingsNew Delhi: E-commerce major Flipkart’s losses widened to over Rs 7,800 crore in the financial year 2021-22 based on...
Food Service
Over 5 lakh new retailers/ kirana shop owners joined udaan in 2021, which shipped over 260 mn. products during the year
B2B e-commerce platform udaan shipped over 20 lakh tonnes under the Essentials (Fresh, FMCG, Staples, Pharma) and 260 million products of Non-Essentials (Electronics, General Merchandise, and Lifestyle) categories catering to ~50 million orders across 1000 towns & cities of...
Latest News
Leap: Flipkart showcases startups selected for its first-ever accelerator programme
Flipkart Leap, an accelerator programme launched by this e-commerce marketplace has just held a demo day to showcase the startups, which are part of its first cohort.Flipkart, showcased the selected eight startups as part of its accelerator programme –...
Latest News
Amazon unveils its first ‘Digital Kendra’ in Surat
Amazon sets up its first 'Digital Kendra' in Surat. This Thursday Amazon launched its first 'Digital Kendra' in Surat, Gujarat, as part of its commitment to digitise 10 million Indian micro, small and medium enterprises by 2025. Amazon Digital...
International News
European e-commerce revenue to hit $465B in 2021, a 30% jump amid the pandemic
The COVID-19-led boom in online sales has caused an impressive growth of the European e-commerce market, both in terms of revenue and the number of users. As millions of people continue switching from brick-and-mortar shops to webshops, Europe's e-commerce...
Fashion
Nykaa Fashion acquires fashion jewellery label Pipa Bella to strengthen private label portfolio
Nykaa Fashion, the multi-brand fashion e-commerce platform,
announced the acquisition of the progressive and trendy online jewellery brand Pipa Bella. With Pipa Bella, Nykaa Fashion aims to expand its jewellery category to offer hip fashion jewellery and
accessories to women in...
Big Grid
E-commerce boom reveals shortcomings of local payment methods in emerging economies
One year into the COVID-19 pandemic saw a tremendous expansion of cross-border e-commerce as consumers continue to seek products and brands unavailable in their home country. The virus outbreak played a key role in increasing the number of the e-commerce users with 57%...
Retail
Some e-commerce firms violated FDI norms, as per complaints to Govt: Piyush Goyal
The government has received complaints against certain e-commerce companies alleging violation of foreign direct investment (FDI) policy and necessary actions have been taken for investigation by the Enforcement Directorate, Parliament was informed on Wednesday. In a written reply to...
Big Grid
Draft E-Commerce Policy: Conformity assessment procedures to be put in place
Conformity assessment procedures will be put in place to verify that goods and services sold on e-commerce platforms meet required standards and technical regulations, according to the draft e-commerce policy. The policy, which is under discussion, also stated that actions and things...
Latest News
India’s e-commerce market projected to grow to $111 billion by 2024: Report
India's e-commerce market is poised to grow by 84 per cent to $111 billion by 2024 on the back of accelerated adoption of digital technologies amid the Covid-19 pandemic, a report by fintech firm FIS said on Wednesday.The report noted that countries, including India,...
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Arvind Ltd Q4 profit rises 7.32% at Rs 104.42 crore
Consolidated revenue from operations during the quarter under review stood at Rs 2,074.51 croreNew Delhi: Textiles manufacturer Arvind...
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