Flipkart and Snapdeal take a cue from Amazon even as they differ on who is ahead in the race
Falling valuations, slowing funding rounds and faltering investor sentiment seem to have prompted many start-ups to lay off employees in a bid to conserve cash. The latest to do so is SoftBank-backed Cars24, a leading e-commerce platform for pre-owned vehicles, which has laid off over 600 staff, according to sources in the know. The move, they said, is aimed at conserving cash amid cautious investor sentiment and a slowdown in funding.
The founding members of The E-Commerce Council of India include Snapdeal, ShopClues, UrbanClap, Shop101, Flyrobe and Fynd, among others.
Most of Flipkart's business came from consumer electronics.
Shahrukh Khan is one of India's most loved "human brands", and while the drug controversy may have paused his endorsement engagements, it has not dented the superstar's popularity among corporate, as per industry experts. Right after the controversy around his son's arrest in an alleged drug case broke out, many companies halted ads featuring King Khan. Many of them are now back on screens.
E-commerce companies are seeing an increase in demand for products such as fresh fruits and vegetables, milk, flour, rice, and lentils, and personal hygiene items like sanitisers and soaps and household cleaning products. Other products include instant noodles, baby food and Ayurvedic items. "There is even a huge spike in pet food," said a person.
The cost of luring buyers and sellers to its platform means the new funds won't last long.
On Tuesday, while several consumers took to social media to share their grievances about the Snapdeal site crash, many others said they visited the website to either compare prices or for window shopping.
The FDA Maharashtra on Friday lodged an FIR against Snapdeal.
The rises in the sector follow an increasing churn rate.
Amazon India has caught up with Flipkart and overtaken Snapdeal in terms of monthly unique visitors.
Every competitor is eyeing the top slot that Flipkart holds.
E-commerce websites are developing online content in Indian languages.
With a new $100-billion technology fund, SoftBank is likely to go after market leaders.
Flipkart and Myntra, together, post higher sales than Amazon
While the first half of the year saw India's e-commerce market shrinking, the success of Diwali sales will boost the sector beyond last year's benchmark
The online retailer offers largest assortment of products.
Flipkart aims to double the total value of goods it sells to $8 billion in the next three years.
E-commerce sites like Amazon, Flipkart and Snapdeal have to ensure that the country of origin is displayed on imported products sold on their platforms, the Centre told the Delhi high court on Wednesday.
New entity is likely to get a top-up of $200 million from a Chinese investor
Unlike many peers in the VC space, LSE grad Juneja doesn't have an entrepreneurial background but is said to be strong in finance skills
In 2020-2021, the amount of foreign direct investment into India from China and Hong Kong plummeted to just $200 million -- its lowest in the recent past. In the first half of 2021-2022, FDI investments through these two nations stood at just $36 million.
As many as 81 per cent people support having rules for consumer e-commerce, but want more services-based platforms to have more clearly defined roles, a survey by community social media platform LocalCircles has found. The survey asked respondents to answer questions based on the recent draft Rules proposed by the ministry of consumer affairs. The responses found 81 per cent consumers wanting sales of products and services over electronic or digital networks to be governed by a set of electronic commerce rules.
Modi will get the maximum chunk of the session time.
Tata made personal investments in four companies last year.
Eighteen months after the government started banning Chinese mobile apps, two distinct changes have occurred in the country's mobile app sweepstakes. The move has given a thrust to domestic app publishers, especially in certain segments and it has dramatically reduced the market share of Chinese apps. What started as an interim government ban on 59 Chinese apps, including the highly popular TikTok and WeChat in March 2020 ended as a permanent ban on many of them in January this year. According to a China Internet Report 2021 (by South China Morning Post), the market share of Chinese apps in India has dropped substantially from 44 per cent in 2018 to only 29 per cent in 2020. In 2017 it was 41 per cent.
Khosla says party's social media cell targeted Aamir Khan, Rahul Gandhi and journalists Barkha Dutt and Rajdeep Sardesai.
Alibaba, the world's biggest e-commerce firm by transaction value, supports small businesses on its platforms.
Amazon has seen its India sales growing four times this year.
Prosus-backed fintech firm PayU is set to acquire India's earliest payment gateway BillDesk in an all-cash transaction of $4.7 billion. This will be the largest acquisition in India's digital payments space. The deal will also give exit to investors General Atlantic, TA Associates, Temasek, Clearstone Ventures, and Visa. The proposed acquisition will help PayU, the payments and fintech business of Prosus which operates in more than 20 markets, become one of the leading online payment providers globally by total payment volume (TPV).
Chinese e-commerce giant planning to enter India this year, will take on global e-retailer
The government, in February, had released the draft national e-commerce policy proposing setting up a legal and technological framework for restrictions on cross-border data flow and also laid out conditions for businesses regarding collection or processing of sensitive data locally and storing it abroad.
India is the next major breeding ground for start-ups.
Amazon has increased the commission on non-core segments by 2-9 per cent.
After multiple attempts at selling itself, including to larger e-commerce player Snapdeal, ShopClues has found a buyer in Singapore-based e-commerce platform Qoo10 in an all-stock deal.
E-commerce companies typically stick to the gross merchandise value run rate to calculate sales.
Paytm plans to induct 5,000 manufacturers and sellers; has started programmes to identify and train new sellers.
Ratan Tata has invested his own money into 3 high-growth online retail firms, which are yet to make a profit.
12,000: Number of people Flipkart plans to hire in FY15.
Infosys co-founder Kris Gopalakrishnan said Flipkart and Snapdeal have made a mark in the start-up world.
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