As the retail landscape in India evolves, industry leaders and visionaries share their perspectives on the anticipated trends, challenges, and growth prospects for the year 2024 In the dynamic realm of India’s retail sector, a landscape marked by constant evolution, industry leaders and forward-thinking visionaries are poised to navigate the intricate tapestry of trends, challenges, […]
Amidst global turmoil, frozen dessert players aim for sweet growth and innovation in 2024 In the middle of economic uncertainties due to geopolitical crisis across the globe, players from the frozen dessert companies are gearing up to face 2024 with the hope of growing their businesses to contribute more to India’s growth story. Even though […]
On New Year’s Eve, the food-delivering app Swiggy reported more than 4.8 lakh biryani orders along with 1,244 dish units ordered every minute, the news agency PTI reported. Hyderabad ordered the most biryani during the period, according to the report, the groceries and home essentials delivery app, Swiggy Instamart witnessed 1.6 times more orders per […]
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 […]
With the ongoing wedding season at its peak, jewellery retailers have been witnessing strong demand, momentum and footfalls across their showrooms in India. And they are consistently focusing on capitalising on this demand. “We have expanded our market presence and customer share at a Pan-India level, garnering 35 per cent revenue growth in the first […]
FirstCry, an ecommerce platform focused on mother and childcare products, is set to introduce its initial public offering (IPO) in the early months of the upcoming year. Preceding the IPO launch, Softbank Vision Fund has divested a significant portion of its shares in the company. Softbank, the primary shareholder in retailer FirstCry, has sold off […]
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 […]
Ecommerce is a rapidly evolving and dynamic sector, necessitating extensive consultations with stakeholders for the development of a national policy, as per information presented in Parliament on Wednesday. Minister of State for Commerce and Industry, Som Parkash, stated in a written response to the Lok Sabha that a draft ecommerce policy was made public on […]
ByteDance, the parent company of TikTok, the short video platform launched its online shopping service in 2021 named TikTok Shop in Indonesia. The ecommerce platform is currently available in the UK and the US markets. To boost its online retail platform in the US, ByteDance is planning to prohibit links to other ecommerce platforms such […]
The Confederation of All India Traders (CAIT) in association with META, owners of Facebook, Instagram and WhatsApp, is conducting a national drive to train the business community of the country to make optimum usage of social media for business purposes thereby promoting social commerce in India. The current yearly turnover of social commerce is 8 […]
