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Blinkit lost jumps 17% in 2022-23 even as sales rise

Tofler said the company incurred Rs 1,939 crore in total expenses for the fiscal year 2022-23Quick-commerce platform Blink Commerce Private Ltd reported a 17% jump in net losses to Rs 1,191 crore for the fiscal year 2022-23 compared to...

Pataa: Simplifying addresses, improving deliveries

From tie up with ISRO to voice directions, how Pataa is helping improve location accuracy by simplifying India’s complex addresses New Delhi: If physical retail is about location, e-commerce is about an address. Last-mile deliveries are the most important leg...

Retail Tech Case Study: How Apparel Group India managed to grow its e-commerce sales by 30%

In addition to growth in sales, the Apparel Group was also able to achieve 12-14% increase in ‘add to cart’ rate, among other benefits, thanks to finding the right tech-implementation partner New Delhi: Covid-19 compelled several companies to turn their focus...

‘Democratising Digital Commerce in India’ by ONDC and McKinsey & Company

The report explores the potential for rapid growth in digital commerce possible due to ONDC and highlights the possibilities that could emerge within an open network ecosystem ‘Democratising Digital Commerce in India’ report by government-backed e-commerce platform ONDC (Open Network...

ONDC has completely automated grievance redressal system: CEO T Koshy

ONDC is also enabling an online resolution mechanism apart from its grievance redressal systemNew Delhi: The government-promoted Open Network for Digital Commerce has a completely automated grievance redressal system and an online resolution mechanism is also being enabled, ONDC...

Why are customers shifting from brick and mortar to hybrid retail

Major reasons for the shift from offline to online retail vary from technology solutions to several government initiativesThere has been a significant shift in India's retail sector from traditional offline retail to hybrid/online retail in recent years. This shift...

Floward raises $156 million in Pre-IPO Series C Round

Floward plans to go public in the next two years and to utilise the funds to further invest in expanding its gifting verticals and relying more on artificial intelligence and machine learning to elevate its customer experienceNew Delhi: Online...
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Stanley Lifestyles IPO subscribed 1.43 times on day 1 of offer

The initial share sale received bids for 1,46,69,560 shares against 1,02,41,507 shares on offer, as per NSE dataNew Delhi:...
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