Amazon's Indian unit said earlier it will open five new warehouses in the country, which will almost double its storage capacity to half a million square feet.
Last year, traffic jumped 15 times on Snapdeal's 'Big Sale Day' on Oct 6, when it had clocked Rs 1 crore a minute of sales over 10 hours.
After raising $2.5 billion from SoftBank's Masayoshi Son and his Vision Fund, Sachin Bansal and Binny Bansal are back in the driving seat at Flipkart, the company they founded over a decade ago.
Its share among top three e-commerce players grew to 57% in March 2017 from 45% in June 2016
Chinese e-commerce giant planning to enter India this year, will take on global e-retailer
Shopclues, the latest unicorn, was at the bottom of the sector loss pie.
Consumers are set to gain from discounts.
If the deal goes through, Snapdeal founders will get $60 million (cumulative), of which half will be given to employees.
The US-based firm already has two fulfilment centres in Mumbai and Bengaluru.
Snapdeal CEO Kunal Bahl said those who do not perform will have to leave.
E-commerce in India could grow to $137 billion by 2020 from $11 billion in 2013, says Morgan Stanley, and firms like Amazon, local market leader Flipkart and rival Snapdeal, backed by Japan's SoftBank, are fighting for a bigger share.
He said action was akin to holding highway builders responsible for lane violations
Alibaba in talks to invest up to $700 million in Snapdeal
Around half the value of the mark-downs is due to the Japanese currency's appreciation against other currencies.
India's first true e-commerce marketplace is struggling for its survival and in it lies valuable lessons for pure play aggregators, say experts.
Amazon's huge investment of $80 million a month didn't win it favour over customers during the festive season, with rival Flipkart selling more goods, reports Alnoor Peermohamed from Bengaluru.
Indian e-commerce company raises Rs 600 crore in sixth round of funding.
Amazon has committed over $5 billion to grow its business in India so far and says it will pump in more capital as and when needed, a big worry for rival Flipkart which has been struggling to raise funds over the past couple of months.
Amazon India Country Head Amit Agarwal refers to all talk of mergers as 'noise'. 'All this is a distraction, when the focus should be on the customer,' he says.
The writing has been on the wall for some time and it showed up prominently during the festival-season sales last year, when Meesho toppled Amazon to become the second-largest player in order share. During the sales season, 60 per cent of the orders Meesho received were from tier-4 cities and beyond. According to a report by consulting firm Redseer, festival-season sales last year were driven primarily by tier-2 and tier-3 cities, with 64 per cent of the shoppers coming from those.
Global e-commerce company Amazon has said it sees "substantial uncertainties" in interpretation of Indian laws, which could impact its business in one of the world's fastest-growing multi-billion dollar online shopping market.
It also plans to open 5 new centres across India in addition to its two fulfilment centres (FCs) in Mumbai and Bangalore.
The top five most trusted brands are Samsung Mobiles, Sony, LG, Nokia and Tata.
Amazon has built the largest store in India with 22 million products.
Not displaying the mandatory information, including country of origin, on products sold on their platforms in India, draws government's attention.
They have struck gold by partnering online retailers.
'Shape up or ship out' message has been loud and clear across the new-age companies in the stressed market conditions
Karnataka tax dept may attach assets of dealers; new retailers not being registered
The People's Choice Survey is an annual report by CashKaro.com, which identifies key trends in online shopping in India.
The cities where services have resumed include Bengaluru, Mysore, Pune, Ludhiana, Noida, Gurugram, Raipur, Lucknow, Hyderabad, Kolkata, Ahmedabad and Mumbai. Industry experts believe it would be at least 4-5 days before the backlog of orders can be cleared.
Its growth has been driven by discounts rather than enticing new customers to its platform
Amit Agarwal tells Suveen Sinha about how he implements an American entrepreneur's vision in a very Indian way.
Analysts say consumers would be the real winners.
Future, which recently tied up with Amazon in India to sell its fashion and food products exclusively on the American giant's marketplace platform, is looking at a gross merchandise value of about Rs 6,000 crore (Rs 60 billion) in the next three years from the venture.
The e-commerce story in India has begun to look up.
'The World Cup alone is expected to create an additional 100,000 jobs, most of which will comprise gig workers in the delivery space, transportation, hospitality and event management.'
'If price was the driver in 1st year, it was convenience in the 2nd.'
It is not clear whether the drop in offers is a fallout of demonetisation.
The two companies have been negotiating to remain separate entities after a merger.
The government on Thursday said 18,600 toys have been seized in the last one month from major retail stores, including those of Hamleys and Archies, at airports and malls across India for lack of BIS quality mark and use of fake licences. Meanwhile, consumer protection regulator CCPA has also issued notices to three major e-commerce players -- Amazon, Flipkart and Snapdeal -- for alleged violation of toys quality control order, it said. Since January 1, 2021, the government has made it mandatory for toys to conform with safety norms specified by the Bureau of Indian Standards (BIS), a national standard setting body.
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