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.
India’s leading and fastest-growing social e-commerce player, DealShare is all set to penetrate deeper into the homes of its new to internet 500 Mn users target group with the launch of its own Brands’ portfolio. This launch is an extension of the brand’s core philosophy of giving India’s middle and lower-middle-income group access to high-quality … Read more
B2B e-commerce start-up Udaan has secured fresh funding worth $120 million through a convertible note from existing investors and bondholders. In the next 12 to 18 months, the company aims to go public, according to an internal corporate memo. The company has raised over $350 million in the past four quarters, making it one of the … Read more
Sadar24 a Delhi-based e-commerce platform founded by Mr. Nitin Goel with co-founders Mr. Mahavir Mittal and Mr. Sonal Garg. Using digitalization and a basic Internet connection, putting the iconic Sadar Bazar of Old Delhi online for the first time ever. Sadar24.com is a brand owned by Masonic E Com Pvt. Ltd. With the tagline “Sabse Sasta Sabse Accha” Sadar24 is an aggregator … Read more
Maate, a consciously designed holistic baby wellness brand and a by-product of Priyanka Raina’s unique perspective on parenthood, have tied-up with various chain pharmacies, trade chemists, exclusive maternity hospitals, premium baby and grocery stores and is all set to launch in Delhi, Gurgaon, Faridabad, Manesar, Noida, and Ghaziabad from September 15, 2022 onwards. This toxin-free, … Read more
Snapdeal, India’s leading value e-commerce platform, today announced the on-boarding of two new D2C fashion brands – Rangita and Urban Mark on its platform. Owned by Stellaro Brands, Urban Mark and Rangita focus on serving the affordable & aspirational fashion needs of men and women respectively. The launch of the brands comes in the backdrop … Read more
Work fulfillment platform Awign, which is based in Bengaluru, has earned $15 million in a Series B round that was co-led by Bertelsmann India Investments and Amicus Capital Partners. It also received funding from Mynavi Corporation, Unitus Ventures, and the Michael & Susan Dell Foundation. Annanya Sarthak, Gurpreet Singh, and Praveen Sah, three IIT graduates … Read more
CommerceIQ, the leading Retail Ecommerce Management Platform, today announced the appointment of Kal Raman as President. In this role, Raman will lead CommerceIQ’s product strategy, research and development, and customer success functions, as well as support the company’s global expansion and go-to-market strategies. Raman has served as a special advisor for CommerceIQ since April 2022. He joins the … Read more
Flipkart, India’s homegrown e-commerce marketplace, today announced the signing of a Memorandum of Understanding (MoU) with the District Administration of Varanasi, Government of Uttar Pradesh, to enable national market access for artisans, weavers, people with disabilities and of Varanasi. Through this partnership, iconic goods such as Banaras Sarees, Handmade Carpets, Zardoji Craft, Metal Crafts, and Handmade … Read more
Taskmo, Quess Corp. backed, an on-demand Gig Tech platform has witnessed over 66% rise in gig work during the month of June this year. As many as 5 lakh gig tasks were offered during the month compared to 3 lakh gig work in May this year as Fintech and E-Commerce companies started preparations for the … Read more
The Global eCommerce Market is Segmented by Type (Buyer-oriented E-commerce, Supplier-oriented E-commerce, Intermediary-oriented E-commerce), by Application (SMEs, Large Enterprises). Due to the COVID-19 pandemic, the global E-Commerce market size is estimated to be worth USD 7750530 Million in 2022 and is forecast to a readjusted size of USD 20313450 Million by 2028 with a CAGR … Read more
Swiggy, a food and grocery delivery service, has agreed to buy restaurant table reservation platform Dineout from Times Internet in a definitive deal. Swiggy will now be a complete foodtech platform, from delivery to table reservations. Swiggy is now directly competing with Zomato’s table reservation service, Zomato Book. Swiggy said in a news release that … Read more
Unicorn in logistics On Tuesday, a day before its shares open for bidding on May 11 as part of its initial public offering, Delhivery raised Rs 2,347 crore from 64 anchor investors, a mix of marquee domestic and international investors (IPO). The anchor investors received 48 million shares at a price of Rs 487 per … Read more
GoKwik, an e-commerce enabling firm, has secured $35 million in a Series B round headed by RTP Global and Think Investments. Existing investors Sequoia Capital India and Matrix Partners India also participated in the round. The fresh capital follows GoKwik’s $15 million Series A round in November of last year, bringing the company’s total fundraising … Read more
Swiggy, the Bengaluru-based food aggregator, has shut down its subscription-based commerce platform Supr Daily. The firm informed its customers that it will cease operations in five cities, including the Delhi-NCR region, on May 12. Supr Daily was started in 2015 by IIT Bombay grads Shreyas Nagdawane and Puneet Kumar and acquired by Swiggy in 2018. … Read more
Entersekt, a global leader in device identity and authentication solutions, today announced that Capitec Bank has implemented its innovative EMV 3-D Secure solution that boosts the security of e-commerce payments, while reducing friction for cardholders. Entersekt’s solution leverages behavioral analytics from NuData Security, a Mastercard company, that provides industry-leading risk-based authentication technology. This builds on the partnership between Entersekt … Read more
Deepinder Goyal, co-founder and CEO of online food aggregator and delivery platform Zomato, has announced that he will donate the whole revenues from the vesting of some of his employee stock option plans (ESOPs) to the Zomato Future Foundation (ZFF). Goyal received some ESOPs before Zomato went public last year, and some of them vested … Read more
