Competition
Companies E-commerce & Marketplaces

Category Mix, Competition Defining Quick Commerce’s Evolution, Shows Report

While the top three platforms continue to scale at roughly around 75 per cent YoY GMV growth, challenger platforms are growing four times faster

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Food & Beverage.

Swiggy Co-founder Puts Margins Over Discounts, Flags ‘Irrational Competition’

Sriharsha Majety says that the recent investments into lower consumer-side monetisation have not yielded the desired incremental order-growth

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Brands Companies E-commerce & Marketplaces

Competitive Intensity Remains Fairly High In Quick Commerce: Swiggy Co-founder

Sriharsha Majety notes that Instamart has grown out of the shadow of food delivery as a standalone brand, with its gross order value and user base at over two-thirds of food delivery already

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Brands Companies consumer E-commerce & Marketplaces Economy

Alibaba Integrates Ecommerce Arms To Fight Rising Competition: Reports

As per the Reuters report, the Alibaba ecommerce business group brings together the Taobao and Tmall Group and the Alibaba international digital commerce (AIDC) group

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Brands Companies E-commerce & Marketplaces Finance News

Myntra Secures Fresh Funding Of $54 Mn From Flipkart Amidst Market Competition

Myntra has received a significant investment of USD 54 million from its parent company, Flipkart. The injection of funds comes at a critical juncture for Myntra, as it faces intensified rivalry from competitors such as Reliance’s Ajio and Tata Cliq. The funding was disclosed through regulatory filings in Singapore and is the second such major […]

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Government International National News

India’s Basmati Rice Exports Set To Decline In 2024 Amid Pakistani Competition

India’s basmati rice exports are likely to fall in 2024 after nearing a record high last year, as rival Pakistan is offering the grain at competitive prices amid a rebound in production, industry officials said. India and Pakistan are the leading exporters of the premium long-grain variety of rice, famous for its aroma, to countries […]

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Brands Companies News

JD.com Eyes Currys Takeover, Challenging Elliot’s Bid For British Retailer

Chinese ecommerce platform JD.com has recently confirmed that it is exploring the possibility of acquiring Currys, a major electrical retailer in the UK. This announcement has sent shares of Currys soaring, as it opens the door for a potential bidding war after the rejection of a £700 million (USD 883 million) offer from U.S.-based investor […]

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Brands Companies Finance Food & Beverage. News

Sapphire Foods Profit Falls 69% On Inflation, Competition; Same-Store Sales Decline

Sapphire Foods India, the operator of KFC and Pizza Hut restaurants, revealed its largest quarterly earnings drop since going public in 2021, hampered by local competition and inflation-weary consumers cutting back on fast food spending. The Yum Brands franchisee’s overall net profit plummeted roughly 69 per cent to 101.4 million rupees (USD 1.22 million) in the […]

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Brands Companies E-commerce & Marketplaces Finance News

Amazon Q4 Revenue Surges Fueled By Generative AI Growth

Amazon.com exceeded revenue projections, sparking an immediate surge of up to 8 per cent in its shares during post-market trading. The ecommerce and cloud giant attributed this success to the robust adoption of generative AI features across its cloud and online retail operations during the critical holiday period. The company’s cloud arm, Amazon Web Services […]

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Brands Companies News Retail

Walmart To Build Or Convert 150-plus Stores Over Next 5 years

Walmart on Wednesday said that it wants to build or convert more than 150 shops over the next five years, as well as refurbish existing ones. Walmart said in 2016 that it was halting new store openings and instead investing in online activities, technology, and shop remodels to compete with Amazon. A company spokesman stated that the […]

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