Online Shopping

We continue to grow ahead of the market, says Myntra CEO Nandita Sinha

Sinha said Myntra touched 70 million monthly active users during this festive season, and the Gen Z customer base doubled in one year

Dark stores turning profitable rapidly, says Zepto CEO Aadit Palicha

He says that the current fund raise was one of the largest ever raise from domestic investors

Indian qcom startups can be key global players: FM Nirmala Sitharaman

Sitharaman's remarks come at a time when there is a heated debate about the effect of the swift growth of quick-commerce platforms on traditional brick-and-mortar retail stores in India

Walmart's executive Dan Bartlett joins Flipkart as a board member

Bartlett has decades of experience in public relations and government affairs

Deepfakes to social media: Online shopping scams spike this festive season

McAfee's Global Festive Shopping Survey found a rise in online shopping scams led by the creation of fraudulent websites, fake discounts, and the use of deepfakes

Flipkart achieves EV deployment target of over 10,000 in delivery fleet

The firm said it is adopting a fully electric logistics last-mile fleet by 2030 as part of the Climate Group's EV100 initiative

Amazon Seller Services cuts net loss by 28% in FY24; revenue jumps 14%

The company also reduced its net loss by 28 per cent during the year to Rs 3,469 crore, showed financial data sourced from business intelligence firm Tofler

Festive retail growth down by half, Nomura notes strong online demand

While retail sales, both online and offline, saw some increase during the festive season, the overall growth was slower compared to prior years

India’s festive shopping hits record high of Rs 1 trillion

Diwali sees strong delivery orders as dine-in slows in major cities

From favourite food items to last minute preparations, delivery portals come through for consumers

Magicpin records 15-times order growth on ONDC network in 15 months

Hyperlocal e-commerce firm magicpin on Tuesday said it has crossed the 1.5 lakh-mark for daily order of food and logistics services on the government-backed ONDC platform, registering a 15-times growth over 15 months. magicpin joined the Open Network for Digital Commerce (ONDC) network in March last year with 22,000 restaurant partners, which the company has scaled to 70,000, the company said in a statement. The company saw 100 daily orders in early May 2023, which increased to 10,000 in four weeks, the company said. "In about 1.5 years, we have double-digit market share in major cities, with more than 10 per cent market share in key markets like Delhi or Bengaluru in terms of overall food delivery. We are thrilled with magicpin's success on ONDC, where we have reached 1.5 lakh daily orders for food delivery and logistics on the network," magicpin CEO and Co-Founder Anshoo Sharma said. He said 90 per cent of food orders from prominent buyer apps such as Paytm, Tata Neu, and Ola are

Urban India likely to spend Rs 1.85 trillion during festive sales: Survey

70% of urban Indian household surveyed likely to use stores and market for shopping

Over 1 in 4 Indians likely to visit Flipkart during festive sale event BBD

Analysts believe market share gains by Reliance Jio and Bharti Airtel will continue

Amazon scales up operations network to meet festive season demand

Amazon India is making significant investments and scaling up its operations network as it prepares to serve millions of customers throughout India during the upcoming festive season

Half of respondents plan to spend more online in festive season: Report

Around 50 per cent of respondents are planning to spend more on online shopping during the upcoming festive season, an IPSOS survey commissioned by Amazon said on Thursday. The survey claims to have captured replies from 7,263 people in July-August 2024 across 35 centres including Delhi NCR, Allahabad, Lucknow, Mathura, Muradabad, Etawah, Jalandhar, Jaipur, Udaipur, Kolkata etc. Around 89 per cent of respondents expressed their excitement for the upcoming festivities, with 71 per cent indicating their intension to shop online. "Nearly 50 per cent of respondents who intend to shop online, stated they would spend more on online festive shopping compared to last year. This trend cuts across metros (55 per cent) and tier-2 cities (43 per cent in cities with 10-40 lakh population)," the report said. Convenience emerges as a major driver for online shopping with 76 per cent appreciating the ability to shop remotely anytime, anywhere. "Speedy delivery at scale (74 per cent), trustonline

Nestasia secures $8.35 million from Susquehanna Asia VC and Stellaris

Founded in 2019 by Aditi Murarka Agrawal and Anurag Agrawal, Nestasia offers a curated selection of home decor and lifestyle products across six key categories

Swiggy rolls out 'incognito mode' to help users order food discreetly

Available on both Swiggy Food and Instamart, incognito mode ensures that users can place orders and keep their selections confidential

Flipkart launches 11 fulfilment centres, expects to create over 100k jobs

This comes at a time when e-commerce and quick commerce companies are expanding their supply chain infrastructure ahead of the festival season

India a key lifestyle hub for global brands; 90% of top 50 active: Report

India is emerging as a hub for global lifestyle brands, with 90 per cent of the top 50 global brands active and many others lined up for launch in the country, driven by robust online sales and a burgeoning e-lifestyle market, according to a study. Global consultancy firm Bain & Company and lifestyle e-commerce platform Myntra on Wednesday released a study drawing insights from Bain analysis, secondary research, market participant interviews, and industry sources. "India is also a key lifestyle destination for global brands90 per cent of the top 50 global brands are active in India and half of them already have India revenue greater than USD 30 million. Scaled, global fashion brands in India have demonstrated robust growth, seeing a 20 per cent uptick year-on-year over 201823," the study showed. About 50 per cent of global brands have greater than USD 30 million in revenue in India, the study E-Styling India: Decoding India's Online Fashion and Lifestyle Shopping Trends, ...

Meesho strengthens board with appointment of four independent directors

Meesho's new board members are expected to play a key role in advancing its strategic goals