Redseer

Festive sales boost e-commerce to $14 bn GMV as tier-II+ cities lead growth

Fashion segment and electronics driven by quick commerce platforms in major cities Delhi, Mumbai, and Bangalore

Indian fast fashion industry poised to reach over $50 bn by FY31: Redseer

In FY24 alone, the fast fashion sector saw a remarkable growth rate of 30-40%

6.5 mn online food delivery orders on New Year's Eve 2023: RedSeer

The gross orders made during the day were a record number of 6.5 million, which is 18 per cent higher in comparison to NYE22

Food delivery platforms see 18% jump in orders on New Year's Eve: Redseer

Online food delivery platforms in the country together saw a record 6.5-million orders on New Year's Eve 2023, clocking an 18 per cent year-on-year growth, a report said on Thursday. On New Year's Eve 2022, online food delivery platforms in the country had recorded 5.5-million orders. Redseer's Big Data analysis on Consumer Behaviour noted that the spike in food delivery orders on NYE23 was a nationwide phenomenon as metros, tier-1 cities and rest of Indian cities show almost similar growth in order volumes on this day. Consumers kept on ordering in high volumes throughout the day on New Year's Eve 2023, with the spike peaking for dinners and late-night orders, where the GMV (gross merchant value) delivered was 2.5-3x of other days of the year, it said. Redseer's Big data analysis also observes that on NYE23, customers not only ordered higher volumes, but they also spent more per order. According to Redseer, the average order value was up to 30 per cent higher than that of other da

Backed by Jio Platforms, ZestMoney founders launch new venture SwiffyLabs

The goal of their new venture is to help financial institutions launch new-age products and leverage AI and Digital Public Infrastructure (DPI)

Digital public infrastructure fuelling innovation, says Nandan Nilekani

Back in 2009, Nilekani and his team played a key role in building digital identity (Aadhaar) which could be verified anywhere online

ONDC poised to democratise e-com, generate $250-300 bn in GMV: Redseer

Anticipating the future, Redseer expects the next wave of DPI-driven opportunities in retail, insurance, healthcare, and agritech

Week 1 of festival season sale saw Rs 47,000 crore GMV, says Redseer

Redseer claimed that Flipkart Group, continues to assert its leadership in Week 1 of the 2023 Festive Season sale

Early Diwali: Fomo, premiumisation light up e-commerce festival sales

The second half of Week 1 Festive Sale could see strong momentum by low-ASP categories as well

Domestic D2C market likely to reach GMV of $35 billion by 2027: Redseer

The report said that third-party logistics (3PL) would ride on the back of the Indian D2C market growth

E-tailing in India is expected to grow 5x to $300 bn by 2030: Redseer

There is expected to be 6 to 8-fold growth in 3PL (third-party logistics) shipments between 2022 and 2030 - from 2 billion in 2022 to an estimated 13-17 billion in 2030, according to Redseer report

Online sales this festive season to be 15% higher than last year: Redseer

Sellers are also planning to spend more on marketing and advertising on e-commerce platforms this festive season to drive sales, as compared to last year

E-com retailers may clock about Rs 90k cr during festive sales: Redseer

This is 18-20 per cent higher than last year and will be driven by about 140 million shoppers who are expected to be transacting online at least once during this festive month

India's 'mass' consumers to lead $300 bn e-com opportunity by 2030: Redseer

Redseer's report added that approximately 70% of mass consumers have increased their shopping frequency on e-commerce platforms in the last one year

Profitable Indian unicorns to grow from 30 in FY22 to 55 in FY27: Report

Their total loss is expected to reduce from $7.1 bn to $1.9 bn, says Redseer

Indian fantasy sports revenue increased 24% during IPL 2023: Report

61 mn people participated in fantasy gaming during the T20 cricket tournament

India's fantasy sports' revenue rises 24% during IPL 2023: Redseer report

Fantasy gaming apps gained popularity in India during the pandemic. Many new companies entered the market to cash in on cricket's popularity and have launched virtual leagues

Internet retail growth shows signs of maturing shopper base: Report

Redseer report observes a growing habit of online shopping in both urban and rural parts of India among other electronic retail trends

India's e-commerce logistics space to exceed 10 bn parcels by FY28: Redseer

The total shipments for e-commerce logistics grew to 4 billion in FY23

Indian e-grocery market to witness growth in tier 2, beyond in 2023: Report

The Indian e -grocery market, primarily dominated by slotted delivery, is set to witness growth in tier 2 and beyond regions, with horizontal players leading the way