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

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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

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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

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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

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

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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

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

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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

Flipkart and Amazon to Face Antitrust Probe

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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

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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

E-commerce sector in India to become $200 bn by 2026: JCB Report

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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

DealShare launches Private Brands; Plans to invest Rs 500 Crores over the next 2 to 3 years

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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

E-commerce gig hiring picks up steam ahead of the festive season: Taskmo Gig Ind

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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

Meesho Decoding India’s Mid-week Shopping Spree

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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