Estimates by retail consultancy Technopak suggest that direct subsidy to consumers because of e-commerce this year would be over Rs 12,000 crore.
This year, PhonePe is focussed on bringing more partners across categories, including travel, commute, food, hyper-local, retail and entertainment on the platform.
Companies are looking for an engaging hook, and sound is universally seen as a big emotional connector, finds Nikhat Hetavkar.
From a modest two-bedroom apartment in Koramangala, the Bengaluru-headquarted company now has multiple offices across the country.
India's first true e-commerce marketplace is struggling for its survival and in it lies valuable lessons for pure play aggregators, say experts.
With more and more youngsters preferring to shop online, the credit appetite has surged.
Paytm's secondary share sale gave an opportunity to its employees - both former and current - to liquidate their vested Esops and earn around Rs 500 crore in total.
Apart from making your purchases on these platforms expensive, it will also mean sellers will have to face the brunt of reduced cash flows amid already low margins for some. Experts said the proposal, which will take effect on April 1, 2020, and will be inserted as a new section in the Income Tax Act, is expected to affect the working capital of e-commerce companies and reduce cash flows for e-sellers.
ICICI Bank says it blocked all UPI transactions made through PhonePe due to security concerns.
Azim Premji's Rs 175-crore (Rs 1.75-billion) investment in Future Retail will help Kishore Biyani tide through crisis.
Today pay-later services are available for practically anything under the sun. And these include small purchases like clothes, gadgets, movie tickets, and even food.
These days, one frequently hears of consolidation, rollback and even closure from the start-up world.
The excitement around e-commerce is real but the valuations may be a bubble
Writing on parties and gossip as "Miss Malini", former dancer and radio jockey Malini Agarwal soon became an authority on matters of style.
India ranks third among global startup ecosystems.
It took the Aditya Birla group four years to make up its mind on entering the the burgeoning e-commerce market in the country.
Few angels have seen exits; till that happens, they won't be rushing to invest again.
True Blue, a menswear label that Arvind has created with cricketer Sachin Tendulkar, is being extended into an exclusive traditional apparel brand for men called True Blue Handcrafted.
'Shape up or ship out' message has been loud and clear across the new-age companies in the stressed market conditions
The new feature is up and running in Nagpur, Guwahati and Jodhpur
India has 160 million smartphone users.
Its share among top three e-commerce players grew to 57% in March 2017 from 45% in June 2016
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.
Ratan Tata has acquired a stake in Chinese handset maker Xiaomi, the first investment by any Indian in the smartphone maker.
The agreement means consumers will enjoy more choices and varied price points.
Prominent print advertisements on Monday pitched Amazon's discount strategy against Flipkart's.
It is still "discounts" that e-commerce players have to rely on to bring in customers, though they might claim otherwise.
Flipkart will need $2 bn annual profit to make Walmart investment viable, which will mean yearly revenue of $100 bn
Men and women from mofussil India are buying designerwear either on their laptops or their cellphones.
What sold the most this year? Beauty, toys and baby care, sports and fitness, television and large appliances, followed by fashion, says T E Narasimhan.
With the launch of Woohoo, QwikCilver now targets two markets in India - the gifting market, worth $7 billion and gift cards as a category.
'The tipping point for digital in China was the evolution of the mobile ecosystem.'
In 2015, e-commerce contributed significantly to the growth in television advertising revenues.
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
After a group of young hackers beat companies that claim to spend a bomb on cyber security, Karan Choudhury reports on just how easy it is to exploit digital wallets.
Sachin Bansal, who had co-founded Flipkart with Binny Bansal in 2007, would exit the company
Far from public glare, company is investing in tech firms and providing consultancy.
In June this year, the Bengaluru-based online marketplace has jumped into the fiercely competitive smart device market in India by launching its calling tablet for Rs 9,999.
Apurv Bansal and Prateek Rathore are keen to expand their business
Indian e-commerce company raises Rs 600 crore in sixth round of funding.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances