E-commerce Sellers

E-commerce giant Amazon on Tuesday announced its commitment to enable USD 80 billion in cumulative exports from India by 2030 and said it has partnered with DPIIT to establish India as a global manufacturing hub. Amit Agarwal, Senior Vice President for Emerging Markets at Amazon, made the announcements during the company's annual 'Smbhav Summit'. "Motivated by the progress that we made in driving exports out of India...we are quadrupling our focus in India... we are going to advance our commitment to enable USD 80 billion in exports by 2030," Agarwal said. Amazon had earlier pledged to digitising 10 million micro, small, and medium enterprises (MSMEs), achieving USD 20 billion in cumulative exports from India, and creating 2 million jobs in the country by 2025. "We are humbled to share that we have hit our pledge to digitise 10 million small businesses one year ahead of time and have enabled over 12 million small businesses to become a part of the digital economy. We have enabled .

Flipkart-backed lifestyle e-commerce platform Myntra is piloting a quick delivery service that guarantees delivery within two hours in select areas of Bengaluru. The pilot project, "M-Now," is operational in a few pin codes in Bengaluru and offers a limited selection of products "to see how it works", according to a source. The service will be rolled out to additional locations based on the learnings from the pilot, the source added. In 2022, the Bengaluru-based firm launched an express delivery service called M-Express in metro cities, aiming to deliver products within 24-48 hours of order placement. "We launched M-Express earlier, towards enhancing the customer-experience with regard to speed and have been experimenting with a pilot for faster delivery in a select few pincodes. We will look at expanding it further based on the insights gained, before launching it formally," a Myntra spokesperson told PTI. While quick commerce platforms are increasingly adding beauty and fashion

Alibaba split into six business units in 2023, in the biggest revamp of its 24-year history

Quick commerce platform Zepto on Monday said announced the rollout of its cafe service in major cities and said it targets a revenue run-rate of Rs 1,000 crore by 2026. It will serve through over 120 Cafes at stores across Mumbai, Delhi, Bengaluru, and soon in Hyderabad, Chennai, and Pune, a company statement said. "We have cracked 10-minute delivery with high-quality food preparation processes, which is why we are seeing strong customer love. Over the past year, our team has meticulously researched and sourced state-of-the-art equipment for our cafes, including coffee machines that employ handcrafted brewing techniques," Zepto CEO Aadit Palicha said. Serving the concept of a quick meal for today's fast-paced urban lifestyle, the online cafe features a diverse menu with over 148 items, including freshly brewed chai, coffee, all-day breakfast, pastries, and savoury snacks, promising a 10-minute delivery service, it added. Zepto Cafe was launched in April 2022 as a division of Zepto,

Food regulator FSSAI on Thursday asked state authorities to increase surveillance in warehouses of e-commerce operators and issue standard operating procedures (SoPs) for delivery personnel to ensure safe food to consumers. According to an official statement, Food Safety and Standards Authority of India (FSSAI) held its 45th Central Advisory Committee (CAC) meeting here on Thursday. In the meeting, States and Union Territories were urged to ramp up surveillance at popular tourist destinations to ensure heightened safety standards in preparation for the peak tourist season from November through March. Keeping in mind the high footfall of both domestic as well as international tourists at popular destinations during the season, States/UTs were advised to utilize Food Safety on Wheels Mobile Labs at these tourist spots. FSSAI CEO G Kamala Vardhana Rao asked "Food Commissioners of various states to step up surveillance on warehouses and other facilities utilised by e-commerce ...

The Mangaluru police have uncovered a multi-state, multi-crore scam with the arrest of two men accused of defrauding an e-commerce giant across India, officials said on Saturday. The suspects, Raj Kumar Meena (23) and Subhash Gurjar (27) from Rajasthan, are alleged to be part of a large-scale fraud spanning over 10 states, including Tamil Nadu, Kerala, Assam, Karnataka, Delhi, Uttar Pradesh, and Bihar. Mangaluru City Police Commissioner Anupam Agarwal described the arrests as a significant breakthrough. A case has been registered at Urwa police station in Mangaluru. The scam, reportedly, involved orders worth Rs 11.45 lakh placed under a false identity. The accused used the name Amith, to place orders, for two high-value cameras and other items, providing a fictitious address near the KSRTC bus stand in Mangaluru. Upon delivery, Meena collected the items and provided the OTP while Gurjar distracted the delivery personnel. They, then, swapped the original stickers on the Sony camer

E-commerce major Flipkart has reported narrowing of consolidated net loss to Rs 4,248.3 crore in 2023-24 helped by increase in its revenue, according to a regulatory filing report shared by Tofler on Monday. The company posted a consolidated net loss of Rs 4,897 crore in the financial year (FY) 2022-23. The company's expenses on purchase of stock in trade increased by about 24 per cent to Rs 74,271.2 crore in FY 2024 from Rs 59,816.6 crore in FY 2023. According to the Tofler report, Flipkart's return on equity dropped to the lowest level in the last five years to negative 49.6 per cent. The return on capital employed for the company was also the lowest at negative 54.09 per cent in the last five fiscal years. The consolidated revenue of the Walmart Group firm increased by about 26 per cent to Rs 70,541.90 crore in FY 2024 from Rs 55,823.9 crore in FY 2023. An email query sent to Flipkart elicited no immediate reply.

With Navratri festivities drawing to a close, quick commerce firm Zepto co-founder and CEO Aadit Palicha took to LinkedIn to inform that the platform sold over 1 Lakh dandiya sticks during the season. "What a day! Closing out Navratri 2024 with a grateful heart, seeing the beauty of India's diversity through our users, sellers, brands, and every Zeptonian, who made it all happen. From essentials to festive picks, thank you for making us part of India's celebrations across nine incredible days," he wrote on LinkedIn. Through graphics, he shared that the Mumbai-headquartered firm sold 1,00,000 plus dandiya sticks during the season. He further said sales for fasting-friendly chips, Kattu and Rajgira atta, grew significantly compared to last year's Navratri sales. Palicha also shared how Zepto's dark stores indulged in Navratri festivities across the country. In Coimbatore, Kochi, Chennai, and Bangalore, the stores celebrated Ayudha Puja, honouring tools and equipment. The Bhawanipore

Public procurement portal GeM has significantly slashed transaction charges levied on sellers and service providers on its portal, a senior government official said on Friday. Government e-marketplace (GeM) Additional CEO Ajit B Chavan said that this "bold" move was part of the government's 100 days initiative. "Aligning with the government's ongoing commitment to foster ease of doing business and build a more inclusive economy, Government e-Marketplace has recently announced a significant reduction in the transaction charges levied on sellers, service providers transacting on its platform," he told reporters here. Accordingly, GeM has announced a New Revenue Policy of the portal with effect from August 9. As per the new policy, all orders valued up to Rs 10 Lakh will now attract zero transaction charges, as opposed to the earlier order value ceiling of Rs 5 lakh. "Orders above Rs 10 Lakh up to Rs 10 crore will be levied transaction charges worth 0.30 per cent of total order value

Softbank-backed e-commerce firm Meesho will start its annual festival sale, Meesho Mega Blockbuster Sale, from September 27 onwards with the highest number of sellers onboard among its competitors, the company said on Tuesday. The company has recorded about 42 per cent surge in sellers on a year-on-year basis to 20 lakh for the upcoming festival season. "Meesho's Annual 'Meesho Mega Blockbuster Sale' Starts on 27th September. With over 20 lakh sellers and 12 crore product listings across 30 categories, Meesho aims to make festive shopping more accessible, affordable, and convenient for shoppers across the country," the company said in a statement. Meesho claimed to have 14 lakh sellers onboard for Meesho Mega Blockbuster 2023. Amazon India has seen a 14 per cent growth in seller base but remains lower than that of Meesho for their upcoming annual festival sale "The Great Indian Festival". "Our current seller base exceeds 16 lakh sellers from all across the country," Amazon India,

The company had, earlier this year, launched its own logistics service, Valmo, but also relies on 3PL providers such as Delhivery, Ecom Express, Shadowfax, and Xpressbees to fulfil deliveries

FMCG distributors have raised concerns over the "rapid and unregulated growth" of quick commerce platforms, saying it needs immediate scrutiny. In a letter written to Commerce & Industry Minister Piyush Goyal, FMCG distributors' body AICPDF said this unchecked expansion of quick commerce platforms, which typically deliver goods within 10 to 30 minutes, is creating an "uneven playing field", threatening the livelihoods of millions of small retailers and distributors who have been the backbone of India's retail sector for decades. The All India Consumer Products Distributors Federation (AICPDF) also suspected potential violations of FDI regulations by these quick-commerce companies and sought an immediate investigation into the operational models of these platforms. The rapid growth of quick commerce platforms like Blinkit, Zepto and Instamart has posed significant challenges to the traditional retail sector and the established fast-moving consumer goods (FMCG) distribution ...

Softbank-backed e-commerce firm Meesho on Friday said it has appointed Jubilant Bhartia Group founder Hari S Bhartia along with three other seasoned business leaders as independent directors. Along with Bhartia, Meesho has onboarded former JP Morgan Chairman Kalpana Morparia for South and South East Asia, PhonePe non-executive Chairman of the board Rohit Bhagat, and San Francisco-based AI company Ema's CEO Surojit Chatterjee. "As we embark on the next phase of growth, I am thrilled to announce the appointment of Surojit Chatterjee, Kalpana Morparia, Rohit Bhagat, and Hari S. Bhartia as independent directors to Meesho's board," Meesho, Founder and CEO Vidit Aatrey said in a statement. Bhartia is the Founder and Co-Chairman of Jubilant Bhartia Group. The Jubilant Bhartia Group has four flagship companies listed on Indian stock exchanges, with a combined market capitalisation of approximately USD 7.65 billion, it added. Bhartia is also the Co-Chairman and Managing Director of Jubilan

State authorities are reportedly seeking feedback on the advantages and disadvantages of online liquor delivery from e-commerce platforms and spirits manufacturers

The owners of small firms would offer deals on lakhs of products to customers across various categories such as home and kitchen, fashion and grooming on the e-commerce website

The firm is expanding rapidly amid increasing competition in the sector, where it is competing with players like Flipkart, Reliance's JioMart, Tata Digital-owned BigBasket, and others

Through the Simplified Rate Card, Updated Shipping Costs and Economical FBF (fulfilment by Flipkart) rates, sellers will be able to deliver superior value to the customers

Multinational retailer Walmart announced the launch of a dedicated page for Indian sellers to register and sell on the company's marketplace site. The company hosted a global seller meet in Jaipur on Tuesday, kicking off a series of regional events to help prospective sellers with insights and knowledge on consumer and category trends and assist with onboarding support and catalogue setup, a release said. "India is a priority market for Walmart, and the dedicated landing page builds upon our commitment to Indian sellers. Walmart Marketplace strives to unlock the potential of Indian businesses by giving sellers access to customers around the world," Michelle Mi, Vice President of Emerging Markets and Business Development for Walmart stated in the release. "Through dedicated onboarding support and expertise in navigating global supply chains, we are empowering sellers with the tools they need to thrive in the US marketplace and beyond," the release added.

The food safety regulator had iterated that 'energy drinks' is permitted to be used for carbonated and non-carbonated water-based flavoured drinks

The move to Florida has now likely saved Bezos about $430 million in taxes. Washington state recently implemented a 7% levy on capital gains, while Florida has no such tax