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.
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
With the mission to revolutionize the online shopping space globally, Flash, (Flash.co) announced raising $5.8 Million in a Seed round led by global funds like Global Founders Capital (GFC), White Venture Capital (a fund by Jitendra Gupta & Amrish Rau), Zinal Growth, Soma Capital, Emphasis Ventures, Peer Capital, and a host of India’s top angel … Read more
JCB International has identified a opportunity for European merchants and acquirers to tap into the rapidly growing Indian payments market, with JCB’s data showing a 70% growth in Cardmembers between Q4 of 2021 and Q2 of 2022. Projected to have the third-largest number of high-income households by 2030, the region is set to contribute $1.8 … Read more
Anuraag Gambhir has been named the new managing director of ShopClues.com, India’s value-for-money online marketplace. Anuraag will be in charge of managing the marketplace as a whole, increasing cross-border trading with both partner and non-partner nations/websites, and improving platform efficiency by using a variety of enterprise solutions. Prior to 2019, Anuraag served as ShopClues’ Senior … Read more
Delhivery Limited (NSE: DELHIVERY, BOM: 543529) reported revenue from services of Rs. 1,796 Cr in Q2FY23, up 22% YoY from Rs. 1,474 Cr on a reported basis and up 9% YoY from Rs. 1,644 Cr on a pro forma basis in Q2FY22. Loss after Tax in the same period narrowed from Rs. 643 Cr in … Read more
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
