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
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
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
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
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
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
UpScalio, a digitally led ‘House of brands’ in the utility consumer goods space, has raised $15m in a pre-series-B round, led by Gulf Islamic Investments, with participation from a consortium of lenders including Northern Arc and Unity bank. This fund raise announcement comes shortly after UpScalio’s mega series-A round fundraise of $42.5M in August last … Read more
The Flipkart Group today announced the acquisition of Yaantra, an electronics recommerce company, to strengthen its recommerce business and enhance after-sale offerings for its customers in the smartphones segment. Yaantra, incorporated in 2013 by Jayant Jha, Ankit Saraf and Anmol Gupta, is a leading brand that repairs and sells refurbished consumer tech products such as … Read more
Meesho, India’s fastest growing internet commerce platform has transformed its business, scaled new milestones and penetrated deeper into the most under-served parts of the country. From launching an industry-first 0% seller commission model to enabling 17 million entrepreneurs, the company continues to bring more MSMEs and undiscovered customers from India’s far corners online, becoming the … Read more
