Friday, November 8, 2024

E-Commerce

ED raids sellers linked to e-commerce giants Amazon and Flipkart 

E-Commerce
India's Enforcement Directorate (ED) conducted surprise raids on Thursday, November 7 at offices of sellers linked to Amazon and Flipkart, amid growing scrutiny of e-commerce platforms. Amazon & Flipkart sellers under radar due to violation of act According...

Zero-commission app WAAYU expands food delivery to Hyderabad

E-Commerce
Zero-commission food delivery platform, WAAYU, has started its services in Hyderabad and Secunderabad. Currently serving 500 restaurants, the startup plans to expand to over 3,000 restaurants, offering them increased reach at no extra cost. WAAYU to collaborate...

FSSAI plans discussions with quick commerce firms on sale of near-expiry food items

E-Commerce
Due to the current controversy about food safety at a Zomato warehouse, the Food Safety and Standards Authority of India (FSSAI) plans to meet...

Ninjacart’s revenue soars by 74%, hits INR 2000 Cr

E-Commerce
Ninjacart, a B2B agritech startup, saw its operating revenue rise by 74% in FY24, reaching INR 2,002.7 Cr, up from INR 1,153.4 Cr the...

Meesho slashes losses by 96.6% in FY24, orders surge by 36% YoY

E-Commerce
Meesho's operating revenues surged by 32.7%, reaching INR 7,615 Cr in FY24, up from INR 5,735 Cr the previous year. Meesho adjusted losses to INR...

Swiggy raises fresh share size to INR 4,499 cr, files RHP

E-Commerce
After much anticipation, Swiggy filed its red herring prospectus (RHP) late on Monday, October 28. According to the IPO papers, the public issue will...

Swiggy sets IPO price band at INR 371-390, valuing company at $11.3 Bn

E-Commerce
Swiggy has set the price band for its upcoming IPO at INR 371-390. At the upper end, the company will be valued at $11.3...

Flipkart Internet achieves 21% revenue growth, cuts losses by 41%

E-Commerce
Flipkart Internet, the marketplace arm of Flipkart, saw its revenue grow by 21% year-on-year to INR 17,907.3 Cr in FY24, as per Tofler's regulatory...

Bigbasket teams up with Tanishq for 10-Minute gold and silver coin deliveries

E-Commerce
For the festive season, bigbasket, a TATA company, has teamed up with Tanishq to offer exclusive gold and silver coins for Dhanteras. Customers can...

Tata to introduce “Neu Flash”, targets to expand in Q-commerce sector

E-Commerce
With the rise in demand for instant deliveries in India, Tata Group plans to enter the market, competing with major players like Blinkit, Zepto,...

Swiggy’s $11.3 Bn IPO Opens on November 6

E-Commerce
The Initial Public Offering (IPO) of Swiggy is opening for subscription on November 6 and is scheduled to close on November 8, 2024. The...

Swiggy Partners with PharmEasy to Launch 10-Minute Medicine Delivery

E-Commerce
Swiggy has partnered with PharmEasy to deliver medicines in 10 minutes, as it aims to expand into the pharmacy sector. According to Moneycontrol, sources say...

Zomato now allows users to schedule orders up to ‘Two Days’ in advance

E-Commerce
Zomato has introduced a new feature called 'order scheduling', enabling customers to book their deliveries a minimum of two hours to a maximum of...

The Souled Store strengthens ties with Cricketer Hardik Pandya, targets retail growth

E-Commerce
The Souled Store, a big lifestyle brand in India, has deepened its ties with cricket player Hardik Pandya, who is now an investor. This...
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