Flipkart, Amazon could generate up to $6 billion or Rs 39,000 crore in sales this festive season: Redseer
E-commerce companies are estimated to have registered sales of close to $3 billion or Rs 19,000 crore, up 30 percent from last year
Paytm Mall said it has partnered with leading brands and will jointly invest upwards of Rs 250 crore.
The company owned by Paytm Ecommerce recently refreshed its app featuring 1,000 brand stores and 15,000 brand- authorised retailers selling over 65 million products
We could not even recoup what we put in, necessitating very large capital requirement simply to sustain growth, Stayzilla founder Yogendra Vasupal said in a blog post
Snapdeal's fouunders have written a letter that founders of many Indian startups, now facing funds crunch, may want to write
Paytm has been able to serve over 45 million users in last 10 days alone and over 5 million new users added since the demonetisation drive
Monday's sales was more than double the company achieved in a single day sales last year
Myntra has also augmented its logistical capabilities to manage about two lakh deliveries per day
This festival season is unlikely to bring forth a clear winner in Indian e-commerce, but it will definitely re-organise the stature of Amazon India, Flipkart and Snapdeal
Krishnamurthy's elevation is also seen as a move to reduce Binny Bansal's role at Flipkart's core operations in order to revamp operations at the etailer
Annualised GMV for e-commerce companies in India fell 5-10 per cent in the second quarter of 2016 to USD 13 billion, impacted by fewer discounts by players like Flipkart and Snapdeal, research firm RedSeer said today.
The company has about 30,000 employees across the country, with many joining owing to inorganic growth over the last five years.
Jabong has an inventory-lead model and this defies provisions of the Press Note and this is where there could be issues for Myntra
One of the common issues that customers complain about is delay in product delivery.
In a bid to provide a level-playing field, the government while allowing 100 percent FDI in e-commerce had stated that, "E-commerce entities providing marketplace will not directly or indirectly influence the sale price of goods and services and shall maintain level playing field.”
Launched in 2011, Jabong offers more than 4 lakh products.
Myntra says EORS will have a huge collection of specially curated styles and designs across the best of brands at discounts of up to 80%
If you are shopping from Alibaba in India, here's some good news for you: Expect faster deliveries very soon as the E-commerce giant has now tied up with Gurgaon-based Allcargo Logistics' overseas subsidiary ECU Line to ship less-than-container load or LCL consignments to India.
Looking to expand its presence in India, Chinese e-commerce giant Alibaba's Chairman Jack Ma on Monday met Prime Minister Narendra Modi, as he came on a visit to India for the second time in just about four months.