Ecommerce giant Flipkart on Sunday said that its 10th edition of “The Big Billion Days” sale garnered 1.4 billion customer visits during the early access and the first seven days of the festive sales. The company said it extended its services to remote regions of the country this year, ensuring that customers in Andaman, Hayuliang […]
Zomato has expanded into the logistics sector through its ‘Xtreme’ brand as part of its strategy to diversify its revenue streams. The newly introduced service is now accessible on the Android platform and is primarily aimed at catering to merchants. Zomato’s homepage describes Xtreme as a solution for merchants seeking to streamline their package delivery […]
The Confederation of All India Traders ( CAIT) on Friday wrote a letter to Union Commerce Minister Piyush Goel expressing deep concern over the inordinate delay in rolling out of ecommerce policy and rules under the Consumer Protection Act. it asserted that the delay has given the blanket opportunity to foreign ecommerce companies Amazon & […]
The domestic direct-to-consumer (D2C) market is forecasted to experience a Compound Annual Growth Rate (CAGR) of 40%, reaching a Gross Merchandise Value (GMV) of USD 35 billion by 2027, according to a report by Redseer Strategy Consultants released on Friday. Third-party logistics providers (3PLs) are identified as significant beneficiaries of this growth. By 2027, the […]
Indian ecommerce is expected to grow five fold reaching USD 300 billion by 2030, with third-party logistics providers anticipating a surge in shipments to 17 billion over the next seven years, according to a recent Redseer report. The report indicates that with third-party logistics (3PL) expansion, the cost per shipment is expected to decrease by […]
Meesho, the ecommerce marketplace has secured close to 1 crore orders over the course of 4 sale days. During these sale events, Meesho welcomed over 50 lakh new customers. The company saw nearly 75 per cent of the demand coming from tier 2+ markets like Amravati, Aurangabad, Dehradun, Nellore, Solapur, and Warangal. In the last […]
The Confederation of All India Traders (CAIT) has registered a complaint with the Ministry of Consumer Affairs against a Flipkart advertisement featuring Bollywood icon Amitabh Bachchan, promoting the upcoming Big Billion Days sale. CAIT deems the advertisement as “misleading” and detrimental to the interests of small retailers in the country. In its statement, CAIT has […]
Swiggy, the online food delivery platform, announced on Tuesday that it has facilitated the disbursal of over Rs 450 crore in loans to more than 8,000 restaurant owners through its capital assist programme. Launched in 2017, this pioneering initiative addresses the financing gap and empowers restaurant owners. According to the company’s statement, over 8,000 restaurants […]
Meesho, the ecommerce marketplace, has said that it has made the platform inclusive for non-GST sellers. The platform has made significant technological adaptations which will enable non-GST sellers to start selling on the platform from 1 October 2023. This move comes in response to the recent announcement made by the GST Council that allows ecommerce […]
Online sellers are gearing up for a promising festive season in 2023, expecting a significant uptick in sales after a rocky first three quarters of the year. A report by Redseer Strategy Consultants highlighted the optimism among sellers, with at least a 15 per cent year-on-year (YoY) jump in festive sales anticipated. The report, based […]
