Urban Company reported a 32 per cent year-on-year rise in revenue and NTV in Q3 FY26, even as losses persisted due to continued investments in its InstaHelp housekeeping vertical, according to a shareholder letter.
Amazon Seller Services, which handles the Amazon marketplace in India, said its US parent invested Rs 830 crore in the firm. Amazon Seller Services said it allocated 830 million equity shares to Amazon Corporate Holdings Ltd and Amazon.com.inc as part of the financial injection. On 19 January, Amazon invested Rs 350 crore in Pay (India), the […]
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 […]
Amazon Seller Services, the marketplace arm of Amazon India, has reported a 33 per cent surge in its net loss for the fiscal year ending March 2023, reaching Rs 4,854 crore compared to Rs 3,649 crore in the previous fiscal period. According to regulatory filings, the company witnessed an almost 8 per cent increase in […]
Usually, during marketplace sales, direct-to-consumer (D2C) brands see a dip in order volumes on their websites. However, this year, brands on the GoKwik network saw a reverse trend. There was a massive surge in order volumes on their platforms during the peak marketplace sale period this year, a unique turnaround in the ecommerce industry from […]
In a significant move to strengthen its presence in the digital logistics landscape, Tata Motors has invested in Freight Commerce Solutions, popularly known as ‘Freight Tiger’. The announcement, made through a regulatory filing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, highlighted Tata Motors’ plans to acquire a substantial 26.79 […]
The Central Cottage Industries Corporation of India (CCIC), a public sector undertaking under the Ministry of Textiles, has joined Open Network for Digital Commerce (ONDC), an official release from the ministry said. The Central Cottage Industries Corporation of India Ltd is engaged in the promotion and retail marketing of authentic Indian handloom and handicraft products […]
