Latest updates, insights, and trends from the e-commerce industry — covering online retail, digital marketplaces, startups, logistics, and consumer behavior shaping the future of shopping.
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, 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, 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 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, 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
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, 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
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
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, 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
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
Delhivery Ltd., India’s largest fully integrated logistics provider, has partnered with eSamudaay, a software solution provider, to enable rural businesses to scale by serving customers across India. Coming together of Delhivery and eSamudaay, network partners of ONDC, effectively broadens the footprint of local products and aligns with the government of India’s plans of ‘Make in … Read more
Delhivery, India’s largest fully integrated logistics provider, has scaled its engagement with many D2C brands, including The Souled Store, a casual wear brand, and Nestasia, a home-decor company through its full suite of integrated services designed to meet evolving customer requirements. While Nestasia and The Souled Store initially used Delhivery’s express parcel services, both now … Read more
Cars24, a locally developed auto e-commerce platform, announced that it will hire more than 500 people in the upcoming three months to bolster its current staff. The company claims that its hiring efforts would be concentrated on both technical and non-technical roles. Positions have opened in the following departments: technology, product, data sciences, engineering, business, … Read more
Instalogist, a truck booking app and cargo marketplace platform for long-haul transportation, has been acquired by Bengaluru-based Vahak, a transport community business, for an undisclosed sum. According to Vahak, the acquisition will allow them to grow faster and expand their network, thus enhancing their ability to support the Indian road transportation industry. Through its Truck-&-Load … Read more
Gurgaon-based technology driven logistics platform is planning to hire 100+ employees across all the verticals, primarily in product development followed by Business Development, client servicing, Operations & Finance. The Co-founder and CEO of ShipEase, Pawan Kumar, spoke about the hiring push and said, “E-commerce in India, is growing rapidly and is estimated to grow in double digits in … Read more
According to an internal e-mail sent on Friday by Sriharsha Majety, Swiggy’s chief executive and co-founder, the food and grocery delivery service has let go more than 300 of its 6,000 employees as part of a “restructuring exercise.” “As part of a reorganisation effort, we’ve made the extremely tough choice to reduce the size of … Read more
Delhivery, India’s largest fully integrated logistics provider, has announced the launch of the Delhivery Training and Recruitment Program, an initiative to empower young jobseekers to build a career in the logistics industry. The program ensures guaranteed jobs for recruits in entry and mid-level operational roles. The company will conduct a national entrance exam with an … Read more
Hijab Kart is excited to declare the launch of its new website, hijabkart.in. We have brought for you a range of hijabs in-store, making it easy for you to view it, wishlist it, and finally Kart it. For day-to-day casual wear, scan our cotton collection, which offers comfort complemented by style. Or you may choose to stand … Read more
Delhivery, India’s largest fully-integrated logistics service provider, will acquire the Pune-based Algorhythm Tech Pvt. Ltd. that delivers intelligent planning & optimization solutions for enterprise supply chain operations. The company said the transaction is expected to be completed by 31st Jan 2023. This would be a 100% acquisition post which Algorhythm Tech will operate as a … Read more
