Items like casual wear and western apparel emerged as the most sought-after products in 2024, followed by beauty, wellness, and personal care segment that constituted 20 per cent of the total orders
This strategic move is expected to benefit over 50,000 industrial and manufacturing units of these clusters, administered by the UP State Industrial Development Authority
The quick commerce industry will reach a stage in 2025 where it will be comparable to traditional e-commerce giants like Amazon and Flipkart, Zepto co-founder and CEO Aadit Palicha has asserted. In a LinkedIn post on New Year's Eve, he said Zepto last year announced that 2024 will be the year people realise that quick commerce has the potential to create an Amazon/Flipkart level outcome in India and outlined three key forecasts for the new year. "In 2025, Quick Commerce will actually start hitting a scale where it will become comparable to e-commerce," he wrote. IPO-headed Zepto reported a 120 per cent increase in operating revenue to Rs 4,454 crore in FY24, surpassing competitors like Swiggy's Instamart and Zomato's Blinkit. Emphasising that success in quick commerce will hinge on "exceptional execution", Palicha said it will be challenging for every single player to deliver that level of execution. "In 2025, the fundamentals of Quick Commerce will evolve dramatically. The custom
Hyper-local e-commerce firm magicpin has forayed into quick commerce for food delivery with the launch of its magicNow brand that will work for over 2,000 food brands and 1,000 merchants to start with, the company said on Tuesday. Unlike other quick commerce players, magicpin will not operate via dark stores for food delivery, the company said in a statement. "magicNOW is to provide fast food delivery within a 1.5 km to 2 km radius to maintain freshness and cuisine integrity, and will be initially launched in Bangalore, Hyderabad, Mumbai, Chennai, Delhi-NCR, and Pune," magicpin said. magicNOW will leverage the service of magicpin's logistic aggregator vertical -- Velocity. Under Velocity, magicpin acts as an aggregator of its third party logistics partners such as Shadowfax, Dunzo, Rapido, Porter, OLA, Zypp etc for the supply backend, consolidating all 3PL services under one umbrella for brands and its sellers. magicpin is currently offering Velocity to multiple brands including K
Despite challenging market conditions, Meesho sustained its growth trajectory, reaching approximately 175 million annual transacting users in 2024
The CCI has moved the Supreme Court to expedite the resolution of 24 court cases pending against Amazon and Flipkart, asserting that they were intended to derail its probe
Company says it is India's first horizontal e-commerce platform to have free cash flow as adjusted losses reduce by 97% to 53 cr
With consumers preferring quick deliveries of items from groceries to mobile phones, direct-to-consumer brands find quick-commerce platforms the best option to increase their footprint
The latest analysis forecasts 20 per cent year-on-year (Y-o-Y) growth, fuelled by high pent-up demand and a premiumisation wave
Flipkart recorded 330 mn user visits during Early Access and Day 1 combined, during The Big Billion Days (TBBD) 2024 sale event. Another e-commerce firm Meesho said it achieved 100 per cent increase
SoftBank-backed e-commerce platform Meesho on Saturday said it recorded about 6.5 crore unique visitors on its portal on Day 1 of the annual festive season 'Meesho Mega Blockbuster Sale'. Meesho Founder and CEO Vidit Aatrey said the company's app downloads reached around 1.5 crore ahead of the sale and the number of purchase orders has doubled on the first day of the sale on Friday as compared to that of the previous season. "By just 2 PM yesterday, we had already surpassed our previous best of highest orders placed on Day 1 previous year, and by the end of the day, that number had more than doubled. Around 6.5 crore unique customers visited the mobile app on Day 1," Aatrey said on a social media platform. According to a report by research firm Statista, the number of online shoppers was estimated to be about 25 crore across India in 2023 and it is likely to increase to 42.5 crore in 2027. Meesho claimed that the orders on Day 1 doubled compared to last year while it tripled compar
Ahead of its month-long festive season sale, Amazon India on Wednesday said more than 9,500 new products from small and medium businesses (SMBs) will be showcased on the platform. The Indian SMBs, a part of Amazon's seller programmes, include Karigar, Saheli, Alpino, Phool, Aazol, Taasha Craft, among others. "Our goal is to make the festive season memorable for everyone and empower our sellers, through digital transformation to help them connect with customers across different parts of India. With more than 16 lakh sellers, offering crores of products, our customers can expect great value, extensive selection, and reliable delivery to 100 per cent serviceable pin codes across India," said Amit Nanda, Director, Selling Partner Services, Amazon India. Amazon has introduced a line-up of new features and tools like a sale event planner, AI-based listing experience, and imaging services, among others to help sellers easily list and effectively showcase their products. The 9th edition of
The draft modalities are quite detailed but these will need suitable vetting by the revenue department
In 2021, the regulator slapped a record $2.75 billion fine on the e-commerce giant for abusing its market position by forcing merchants on its platforms not to work with rival platforms
Why can't Jeff Bezos buy any love in India?
The expansion plan is poised to transform the logistics sector, which is currently experiencing a 12 per cent annual growth rate, said the study
The penetration of e-commerce within the lifestyle sector is expected to rise from the current 13 per cent to 18-22 per cent by 2028, according to a report
Flipkart, India's homegrown e-commerce marketplace, on Thursday announced its first-ever G.O.A.T (Greatest of All Time) sale, slated for July 20-25, with early access starting on July 19, offering attractive deals on a wide array of products such as large home appliances. "With the tagline 'G.O.A.T Bano. Bakra Nahi', the sale will have some of the most reputed brands spanning various large appliances categories such as TVs, washing machines, refrigerators, and others laden with many attractive offers and one-day delivery on all purchases in metros," Flipkart said in a statement. To make the shopping experience more convenient and affordable, Flipkart will provide exciting deals and ease on the exchange of any old large home appliance with enhanced savings on the new product, along with simplified payment options like offers on bank and credit/debit cards, no-cost EMI for up to 18 months, and SuperCoins offers for 'Flipkart Plus' members. Besides large appliances, the sale will have
The government-backed Open Network for Digital Commerce (ONDC) is expecting 30 to 40 million monthly transactions through the platform by March 2025, its CEO T Koshy said on Wednesday. The open network witnessed 10 million transactions in June, up from over 7 million in March. "In March (2024) it was 7 million plus transactions. Now in June we had 10 million transactions and I think by the end of the fiscal year it should be 30 to 40 million (monthly) transactions," Koshy said at a CII event here. He further said the ONDC platform has 5-6 lakh merchants onboard with the number expected to rise significantly in the coming months. He was addressing MSME Growth Summit organised by the industry body. ONDC was set up with an aim to democratise the country's e-commerce ecosystem. Addressing the summit, Sameer Gupta, Chairman of CII National MSME Council, emphasized the transformative impact of the industry body's initiatives like Digital Saksham. He highlighted the pivotal role of MSM
Sales in 618 had grown even during the pandemic, according to Syntun, and peaked in 2023 at nearly 800 billion yuan