E-commerce major Snapdeal on Wednesday said it has added eight logistics centres to its network across manufacturing hubs, including Mathura, Noida and Mumbai, ahead of the festive season.
The demand for pulse oximeter has spiked more than 300 per cent since the first Covid-19 case was identified
From leading consumer goods companies to e-commerce giants, firms are again forced to divert their attention towards minimising obstacles
The sources said the matter involves certain changes related to packaging of the product "the DPIIT would discuss the issue with the consumer affairs ministry".
This follows the Government e-Marketplace (GeM) platform making it mandatory for its listed sellers to specify the country of origin while registering all new products on the portal
GlobalData said Chinese investors have been making their presence felt in a big way in the Indian start-up ecosystem over the last few years.
The company also said it will be giving the cash-on-delivery options to customers as before
At the e-commerce giant Flipkart, the teams first prioritised the areas and regions as per essential delivery guidelines by the government and then scaled it across cities
As a marketplace e-commerce player, Flipkart said it is their responsibility to enable sellers and the MSME community to bounce back and facilitate economic activity
"On average, buyers had nine items in their carts and wishlist," the survey said, adding that the price of these products range anything between Rs 68 to Rs 18,200.
Amazon has already announced waiver of commissions for small sellers by almost half, larger rival Flipkart said that it is taking proactive steps to settle the payments related to cancelled orders
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Leading e-commerce players like Flipkart via its 'The Republic Day Sale' and Amazon with 'Great India Sale' are offering great deals on products from mobiles, laptops, IoT accessories, and more
During the first Diwali sale, held between September 29 and October 6, Snapdeal said that its platform clocked more than 76 million visits in a week which is more than its monthly average
Snapdeal's digital gift cards can be used both online and in physical stores of leading brands and are valid up to one year
What Snapdeal has done in the past two years, says a company spokesperson, is focus on the 'next 400 million online buyers'
The company said its recent Snapdeal 2.0 strategy allowed it to "rapidly build a differentiated business, with a sharp focus on value-priced merchandise - the largest segment in retail"
The acquisition of ShopClues by larger rival Snapdeal is unlikely to materialise, sources said. The two players were in talks for the acquisition in an all-stock deal. The companies have engaged in such discussions in the past as well, but this is the first time that it has made it to the due diligence phase. According to sources close to the development, there are concerns regarding some of the findings emerging from the due diligence conducted by advisory firm, Ernst & Young. When contacted, a Snapdeal spokesperson declined to comment on the status of the discussions with ShopClues or the findings of the due diligence report, citing confidentiality protocols. ShopClues too declined to comment on the matter. One of the persons said fall in the number of orders to about 25,000 a day, a high proportion of orders returned by the buyers and concerns around accumulated liabilities, potential litigation and unquantifiable tax risks seem to have made ShopClues an unattractive option for