Page 3 - Indian Ecommerce

5 best e-commerce business ideas in India to sell your products

e-Commerce business is not as tough to set up as it looks, there are plenty of e-commerce business ideas to explore in this world. Here are the 5 best e-commerce business ideas in India

Venture Highway sells 1.5% stake in Meesho, makes 50-times returns

Seed fund Venture Highway has sold 1.5 per cent of its stake in e-commerce firm Meesho at an estimated valuation of about USD 3.5 billion, making a stellar 50-times return. Venture Highways in a statement said that it recently concluded a secondary sale of its part stake in Meesho to WestBridge Capital. The transaction resulted in a return of over 50 times to VH for its investment from its 1st vintage fund into the company," VH said in a statement. According to sources, VH sold its 1.5 per cent stake in Meesho at an enterprise valuation of about USD 3.5 billion. VH did not comment on the amount raised or enterprise valuation at which the sale was conducted. Venture Highway invested during the seed stage in Meesho and remains an investor in the Softbank-backed e-commerce firm. The firm did not disclose further details of the transaction. "Having firmly believed in Meesho's culture and founding principles, it has been a pleasure to be part of its journey since inception. We have cl

Gone shopping online: The best deals and discounts for festive season

E-commerce giants and niche websites are wooing customers to log in and splurge

Meesho Festive Season Sale starting today, offering up to 80 per cent off

Meesho begins its Mega Blockbuster sale today, October 6, 2023, and offers 80 per cent off on different products. The sale will conclude on October 13

'Amazon excited about India, sees huge headroom for e-comm market growth'

E-commerce giant Amazon is "excited" about India market, charged by digitisation, economic growth and younger demographics, its country head Manish Tiwary has said asserting that the runway on e-commerce opportunity in the country "is huge" going forward. In an interview with PTI, Tiwary, who is the Country Manager Consumer Business at Amazon India, spoke about "a very clear calendar" for making business here profitable, and assured that the company is on track with its 2025 targets. Amazon, which recently marked its 10-year journey in India and has a 100 million-plus customer base, still considers it 'day zero' here, given a massive runaway for growth in this largely under-penetrated market. The company is committed to tapping the market potential and bringing new innovations to the fore, he said. Tiwary described India's e-commerce market as "exciting and attractive" and went on to say that "headroom is not a challenge for this industry, at least for the next few decades" so long

Myntra plans restructuring to focus on private labels, 50 jobs to be hit

The changes are part of a new strategy deployed by the Flipkart-owned platform Myntra as it plans to focus majorly on select private labels instead of in-house brands

Top headlines: GST council meet on July 11, India Inc Q1 profit may rise

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Flipkart employees to receive cash payout from $700m Esop buyback

Following Phonepe separation, the ecommerce platform is also offering investors and Esops holders the option to reinvest their payout

GIVA raises Rs 200 cr from investors, including Premji Invest to expand biz

GIVA Jewellery has raised Rs 200 crore from investors, including Premji Invest to expand its business. The Bengaluru-based company, which mainly deals in fine silver jewellery, has raised this amount in Series B funding led by Premji Invest. The round also saw participation from existing investors Aditya Birla Ventures, Alteria Capital and A91 Partners, GIVA said in a statement. This will help the company innovate further and expand its product categories and offerings. "This investment will empower GIVA to expand its omnichannel presence with more offline stores and consolidate its position as the go-to platform for minimalistic jewellery and affordable gifting options," the statement said. Founded in 2019, GIVA deals in authentic 925 fine silver jewellery and recently made a foray into 14K and 18K gold and lab-grown diamond jewellery. Premji Invest primarily supports philanthropic initiatives of Azim Premji Foundation.

Mobile app launched to promote products made by women in self-help groups

The eSARAS mobile app now enables customers to easily access the handmade products created by SHG members

ONDC has completely automated grievance redressal system: CEO T Koshy

The government-promoted Open Network for Digital Commerce has a completely automated grievance redressal system and an online resolution mechanism is also being enabled, ONDC CEO T Koshy said on Tuesday. ONDC is an initiative of the commerce and industry ministry to create a facilitative model to help small retailers take advantage of digital commerce. It is not an application, platform, intermediary or software but a set of specifications designed to foster open, unbundled, and interoperable open networks. "Just like ONDC enables searching for a product and buying for a product... it also enables (filing of) complaints. The complaints seamlessly go through from the buying side to the selling side... In addition to the completely automated grievance redressal... we are also enabling an online dispute redressal system," Koshy said here at industry body CII's MSME Growth Summit. Incorporated on December 31, 2021, ONDC is a Section 8 company. He also said that ONDC has made significa

E-comm B2B market likely to reach up to $100 billion by 2030: Report

India's business-to-business ecommerce market (eB2B) market is projected to reach $90-$100 billion by 2030, growing at compound annual growth rate (CAGR) of 40-45 per cent from $5-6 billion in 2022

Meesho aims to achieve profitability in FY24, looks to grow revenue

E-commerce platform Meesho is aiming to achieve profitability in FY24 as it looks to increase revenue and optimise costs, according to a senior company official. Backed by SoftBank, the company also plans to surpass a revenue of Rs 10,000 crore by FY25. While the possibility of an IPO in FY24 is being considered, it will only happen if the company becomes profitable. The comments hold significance after Fidelity Investments, one of Meesho's investors, reduced the company's valuation by 10 per cent to USD 4.4 billion. "Our expectation is to achieve profitability within the current fiscal year, FY24. In FY23, we experienced a 50 per cent increase in revenues and reduced losses by two-thirds through cost optimisation measures. Cash burn has also decreased by 90 per cent," Meesho CFO Dhiresh Bansal said. Bansal mentioned that it is difficult to share specific numbers as the audit for the current fiscal has not yet concluded. However, the revenue run rate for Q4 FY23 was USD 800 million

ONDC to launch new incentive scheme on June 1, caps discounts at Rs 100

New strategy caps maximum discount at Rs 100 per order, compared to the earlier limit of Rs 125

$150 bn e-commerce biz: Retail, telecom, media mix to put Reliance at top

Billionaire Mukesh Ambani's Reliance is the best-positioned player in the USD 150-billion Indian e-commerce market ahead of Amazon and Walmart due to it owning the potent combination of largest retail store network, dominant telecom operations and strong digital media, an analyst said. In a new report, Bernstein Research said India is evolving into a three-player market with Amazon, Walmart and Reliance. The conventional retail business model starts out either offline (Walmart) or online (Amazon). "Given distribution challenges and India's propensity to 'skip a generation' in most technologies, we believe the Indian e-commerce market will be different. An integrated model (offline plus online plus prime), strong distribution capability and superior cost advantage (against online players) are required from the start," it said. Reliance Industries is building the largest digital ecosystem in India. Its telecom arm Jio has 430 million mobile subscribers, its retail arm has 18,300 reta

Top 5 headlines: MSCI drops 2 Adani firms, Twitter to get new CEO and more

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Government's e-commerce network ONDC available in 236 cities: CEO

The government has said existing platforms are tightly controlled, keeping out many small players. It expects ONDC to increase competition and foster start-up innovation

E-commerce platforms growing slower than expected as sale drops: Report

According to several industry insiders, the pandemic-related tailwinds that drove significant growth in online shopping are now waning

Best eCommerce PPC Agencies In India This Year - 2023

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India's e-comm mkt to grow from $83 bn in 2022 to $185 bn in 2026: Report

UPI driving consumers away from cash and helping financial inclusion, it says