ecommerce – Page 5 – storyboard18

IPO-bound Ecom Express processes 82% of tier-2 shipments but faces growth challenges: InCred Equities

Ecom Express plans to raise Rs 2,600 crore via its IPO

InCred Equities estimated that Ecom Express handled 430 million of shipments in FY2024 accounting for 58% of Delhivery’s shipments, while its sales were 51% of Delhivery’s express sales

Retail sector growth drops to 2% in August 2024, despite positive economic outlook

Retailers pin hopes on festive season to bring positive growth

Of the different retail categories, food and grocery registered the highest growth of 7%, followed by 5% in jewellery compared to August 2023

ONDC increases marketing costs to Rs 91.73 crore in FY24

ONDC was launched in 2021 by the Modi government to democratise the e-commerce sector in the country

ONDC shares discounting costs or incentives that the network participants such as Ola, Magicpin, Paytm, and others offer to their end buyers

E-comm boom fails to deter big brands from investing in brick-and-mortar stores

Physical stores remain the preferred choice for apparel shopping, according to a survey by LocalCircles this year. (Image Unsplash)

Despite the e-commerce boom, big apparel and lifestyle brands continue to invest in brick-and-mortar stores. The D2C lifestyle retailers are choosing omnichannel routes by expanding their stores as customers want the ‘touch and feel’ experience

Samir Kumar takes helm as Amazon India’s new country manager

Samir Kumar joined Amazon in 1999 and was part of the core team that launched Amazon.in in 2013

Samir Kumar joined Amazon in 1999 and was part of the core team that launched Amazon.in in 2013. Kumar is an engineering graduate from the National Institute of Technology, Rourkela. He got his master’s degree from Utah State University in 1995

Noise and Zepto join forces for 10-minute gadget deliveries

Taking the announcement on LinkedIn, Khatri expressed his enthusiasm for the initiative, stating it was designed with the needs of today's fast-paced lifestyle in mind.

In a first-of-its-kind partnership, Noise and Zepto aim to bring one’s favourite gadgets to one’s doorstep in record time.

CCI to deliver final orders on Amazon, Flipkart antitrust probe by November

The Supreme Court’s decision on the transfer of cases will be revisited on January 6.

Investigation confirms allegations of preferential treatment and deep discounting; Regulator set to conclude four-year probe.

Amazon India creates over 1.1 lakh seasonal job opportunities ahead of festive season

The AGIF, one of the largest shopping events in India, is set to commence on September 27, with a special 24-hour early access for Prime members.

Amazon India also reduced selling fees by 3-12% for 59 product sub-categories on the marketplace last week

Zomato-backed Magicpin eyes $100 million annual run rate by year-end: Founder Anshoo Sharma

Magicpin's valuation was $323 million as of January 2022

Magicpin has planned to expand its operation to tier-1 cities and states’ capitals. Co-founder Anshoo Sharma said that Delhi and Bengaluru are the company’s big players at the moment

Gig hiring to soar by 20% during festive season this year, ecommerce leads trend: Indeed data

The share of online shoppers from Tier 2 and 3 cities has increased to 56 percent in FY2024

The growth in seasonal jobs in Tier 2 and 3 cities could be attributed to a range of factors such as companies tapping new consumer bases, increased internet penetration in these regions, rise in digital adoption, among others