Flipkart Internet, the marketplace arm of ecommerce major Flipkart has reported a Rs 14,845 crore growth in its operating revenue by 42 per cent for the financial year 2023. The company’s loss narrowed by 9 per cent to Rs 4,026 crore, according to a media report on Thursday. The firm’s operating revenue in 2022 stood […]
As micro, small and medium enterprises (MSMEs) continue to ride the ecommerce wave, the Forum for Internet Retailers, Sellers and Traders (First) India, a division of India SME Forum (ISF) in a survey report has highlighted the challenges in the space and the need for policy reforms for a conducive ecosystem and collaboration between policymakers […]
The year 2023 has proven to be a pivotal and transformative period for India’s ecommerce sector, marked by noteworthy shifts in consumer dynamics, technological innovations, and regulatory frameworks. As the industry reflects on the past year, key players across various domains within the e-commerce landscape unveil critical insights into the transformative trends that have defined […]
Based on a report, Edtech company Physics Wallah wants to increase its offline presence by growing to 100 centres from its existing 64. In 2023, the company plans to open 50 physical locations. About 140,000 students received services from the company in 2023, and another 240,000 will receive them the following year, according to co-founder […]
Global audio pioneer Bose has joined the homegrown, bootstrapped wearables firm as a strategic investor. The investor purchased a minority investment in the company as part of a series-A financing, indicating the company’s intention to acquire more capital. Khatri said that with the investment in place, Bose and Noise would collaborate to develop in the […]
Flipkart, the ecommerce marketplace, has unveiled FlipTrends 2023 — a view into India’s online shopping landscape. The FlipTrends Report offers insights into the evolving preferences and behaviour of Indian online shoppers, based on Flipkart’s understanding of over 500 million registered users. Riding the wave of the festive season, consumer sentiment remains positive across the country, […]
Shiprocket, an ecommerce enablement platform has revealed comprehensive consumer and industry insights showcasing the ecommerce trends in 2023. Shiprocket’s analysis revealed that Personal Care emerged as the highest-selling category in 2023, closely followed by Apparel, footwear and Accessories. Together, these categories collectively accounted for a substantial 63 per cent of sales. According to the data, […]
Unicommerce, an ecommerce enablement SaaS platform, expanded its suite of SaaS solutions with the launch of UniShip, an integrated post-order journey solution with shipment tracking and a smart courier partner allocation engine for D2C brands and online retailers. UniShip seamlessly manages three kinds of post-shipment journeys: orders en route to buyers, orders returned by buyers and […]
Multimedia short video streaming platform TikTok’s parent company ByteDance has agreed to invest USD 1.5 billion in a joint venture (JV) with Indonesia’s GoTo Group. With this deal, the Chinese company can restart its shopping app in its biggest online-retail market. Under the joint venture, TikTok Shop business will be combined with GoTo’s e-commerce unit […]
As Christmas is around the corner, everyone is preparing for the holiday season in their way. Ahead of the festival, small shops in Puducherry are all set to sell Jesus Christ statues, toys and decorative items at various places. This year, imported toys from different countries are on sale to celebrate Christmas. Lamps in churches […]
