Entreprenuernewsnetwork

Ecom Express named Pallavi Tyagi as the Chief Marketing Office

Ecom Express Limited, a technology-driven end-to-end logistics solutions provider, has announced the appointment of Pallavi Tyagi as its Chief Marketing Officer. Over the past several months, Ecom Express has been actively expanding its leadership team to include diverse industry experts and veterans in various key areas such as product development, growth, financial controls, and operations. … Read more

Shiprocket and Skye Air Partner to Revolutionize E-Commerce with Drone Delivery

Shiprocket, India’s leading platform for making e-commerce easier, has joined hands with Skye Air, a top Indian company that uses software to control drones. This special collaboration is set to change the way e-commerce works and introduce a new and exciting way to deliver packages using drones. This is the first time something like this … Read more

Indian e-commerce industry records 26% YoY order volume growth in FY23 Says Unicommerce report

Unicommerce, India’s leading e-commerce enablement SaaS platform today launched the third edition of its annual trends report, the ‘India E-commerce Index’ 2023. Indicating a maturing e-commerce landscape across the country, India’s e-commerce industry has recorded an impressive 26.2% YoY order volume growth in FY-2023 supported by a 23.5% rise in annual GMV (Gross Merchandise Volume) … Read more

Meesho Becomes Profitable Joins Elite Club of India Startups

Indian e-commerce startup Meesho has posted its first-ever profit, a major milestone for the company as it plans to go public in the next 12-18 months. Meesho, which competes with Amazon and Walmart’s Flipkart in India’s fast-growing e-commerce market, targets smaller towns and cities with unbranded products like clothes and cosmetics. It was last valued … Read more

Xpressbees May Raise $100 Mn from Canada’s Ontario Teachers’ Pension Plan, At $1.4 Bn Valuation

Pune-based e-commerce logistics company, Xpressbees, may get $100 million as an investment by Canada’s Ontario Teachers’ Pension Plan Board, one of the largest pension plans in the world, said a recent report by Economic Times. Citing people privy to the matter, the ET report further said that Ontario Teachers’ Pension board may buy a stake … Read more

E-commerce to Create 700,000 Gig Jobs by End of H2 2023, Says TeamLease

As the festive season approaches, Indian e-commerce companies are gearing up to meet consumer demands during the annual shopping frenzy. The surge in shopping activity is expected to create approximately 700,000 gig jobs in the second half of 2023. With shopping festivals launched by various e-commerce players in July, the sector currently has around 200,000 … Read more

Beyobo Raises $5.5M in Pre-Series A Funding to Revolutionize Cross-Border B2B Procurement

Beyobo, a B2B commerce enabler that provides comprehensive solutions for cross-border procurement, has raised $5.5 million in Pre-Series A funding led by Inflection Point Ventures. SAN Angels, Indian Angel Network, and Hyderabad 6Angels also participated in the round, along with several other individual angels. The funding round was initiated by CENSIE Capital Partners, who acted … Read more

FarMart Launches Saudabook, India’s First Tech Solution for Food Processors

FarMart, India’s fastest-growing intelligent food supply network, is proud to announce the launch of its tech platform, Saudabook. In a bold step towards the modernization of the country’s food sector, FarMart is opening its own ERP (FarMartOS) to all food processors and manufacturers in India. Saudabook is India’s first and only technology solution that caters specifically … Read more

Modicare Achieves 100% Plastic Waste Neutrality, Leading the Way in Sustainable Practices

Modicare Limited, a prominent direct-selling company in India, has achieved a remarkable milestone by becoming 100% ‘Plastic Waste Neutral.’ Through its unwavering commitment to sustainable practices, Modicare has successfully collected and recycled 100% of post-consumer plastic waste and 100% of pre-consumer plastic packaging waste during the FY 22-23, fulfilling its Extended Producer Responsibility (EPR) mandate. … Read more

Simpl’s New Pay After Delivery Feature Makes Online Shopping More Convenient and Secure

Simpl, India’s foremost Checkout Network, today announced the introduction of its innovative Checkout offering, Simpl Pay After Delivery (SPAD) to enhance trust and convenience for millions of customers across the country. With this capability, consumers can choose Simpl Pay After Delivery at the time of checkout which triggers payment only upon successful delivery of the … Read more

Hyperlocal Services Startup Dusminute Raises Rs 11.5 Cr in Funding

L-R_Apoorva Mishra- CEO_Ankita Asai- CPO__Nikhil Gupta- COO, Dusminute

Dusminute, a hyperlocal grocery-store and managed services startup, has successfully raised Rs 11.5 Crores in a bridge round led by Inflection Point Ventures. The funds will be utilized to fuel Dusminute’s expansion in Bangalore. This funding round also saw participation from multiple existing investors and industry veteran angel investors syndicated by Bandana Kankani, an angel … Read more

Unicommerce’s Revenue Growth Surpasses 50% in FY2023

Unicommerce, India’s leading e-commerce enablement SaaS platform, has demonstrated remarkable performance with around 50% revenue growth in FY 2023. The company has been consistently performing and expanding its presence in India and international geographies of the Middle East and Southeast Asia. The company has been consistently growing its revenue, according to its last RoC filing, … Read more

Styched Acquires Flatheads to Boost Footwear Portfolio

Online youth fashion brand Styched has acquired Flatheads, a direct-to-customer (D2C) online casual sneaker startup that gained fame on Shark Tank India season 2. The all-equity transaction marks Styched’s foray into the footwear segment. Founded in 2018 by Ganesh Balakrishnan and Utkarsh Biradar, Flatheads is a Bengaluru-based brand that designs all-day-wear casual sneakers for the … Read more

Flipkart and Amazon to Face Antitrust Probe

The Competition Commission of India (CCI) has ordered an antitrust probe into Flipkart and Amazon, two of the leading e-commerce platforms in India. The CCI is investigating whether the two companies have abused their market dominance to stifle competition. The CCI’s investigation was triggered by a complaint filed by the Confederation of All India Traders … Read more

Jumbotail raises Rs 75 crore in debt led by Alteria Capital and Innoven

Jumbotail, a B2B marketplace business based in Bangalore, has secured debt financing of Rs 75 crore from Alteria Capital and Innoven Capital. The business intends to use the money in developing deep sourcing skills and AI-driven technologies to increase client wallet share, boost net sales by 100%, and reach operational profitability in the following 12 … Read more

Blingg, a D2C discovery platform, raises $100K from Decentralised Venture Capital and others

DVC (Decentralized VC), a group of specialised syndicates that invest in businesses from pre-Seed through pre-IPO, led a pre-seed investment round for Blingg, a D2C discovery platform, in which $100,000 was raised. Together with other angel investors, the round included 3PM Ventures founder Pavan Kumar. Blingg, which Sanil Jain founded in 2021, asserts to have … Read more