e-commerce
The rise of online platforms has transformed consumer buying patterns, particularly in metro cities, where shoppers now prefer "stock-up" purchases over "top-up" buys, according to Kanaka Bhagwat, Head of e-commerce at NielsenIQ.Q-commerce, e-commerce sees 30% surge...
The Reserve Bank of India (RBI) has highlighted rural India's significant contribution to ecommerce growth in the recent festive season. In its November 2024 monthly bulletin, the central bank noted that rural India is becoming a...
Breaking News
Flipkart-backed fintech startup Super.Money launches fixed deposit offering
Super.Money, a fintech startup backed by Flipkart, has launched a new fixed deposit (FD) offering called SuperFD, expanding its product portfolio.Deposits are insured up...
Meesho cracks down on 2.2 Cr fraudulent transactions, files 12 cases in 12 months
E-commerce platform Meesho has taken stringent measures to combat fraudulent activities on its platform, according to its annual "Trust Assurance Report" released Monday, November...
Amazon India relocates to Bengaluru as part of cost-cutting strategy
Amazon India is relocating its Bengaluru office to a new location near Kempegowda International Airport as part of its cost-cutting strategy. The company's current office...
ED launches probe against Amazon and Flipkart following seller investigations
The Enforcement Directorate (ED) has shifted its focus to investigating Amazon and Flipkart, after sellers, for allegedly violating foreign direct investment norms through their...
Kolkata’s Gariahat Hawkers opt for Digital amid rise of e-commerce to boost sales
Gariahat hawkers in Kolkata are embracing the online marketplace to regain lost business due to the rise of e-commerce. The Gariahat Indira Hawkers' Union,...
Global delivery service Borzo adds 3-Wheelers and Trucks to fleet
Global delivery service Borzo has introduced 3-wheeler and truck delivery services to cater to larger deliveries and enhance flexibility for businesses in key metros.Borzo...
Zepto doubles target, aims to secure $300 Mn from domestic investors
Indian quick commerce startup Zepto is set to raise $300 million from domestic investors, doubling its initial target, as per sources close to the...
FSSAI directs e-Commerce FBOs to prevent misleading information about food products
The Food Safety and Standards Authority of India (FSSAI) held a meeting in Delhi with e-commerce Food Business Operators (FBOs) to reinforce food safety...
Zomato to raise INR 8,500 Cr via QIP in December
Food delivery giant Zomato is planning to launch a INR 8,500 crore qualified institutional placement (QIP) in December 2024, depending on market conditions.Morgan Stanley...
Rise of quick commerce is challenge to retailers, will become political issue – Uday Kotak
Kotak Mahindra Bank founder Uday Kotak has sounded a warning that the rapid growth of quick commerce trade poses a significant challenge to traditional...
Delhivery net profit surges to INR 10.2 Cr, revenue sees 8.1% jump in Q2Â
Delhivery, a leading logistics company, reported a consolidated net profit of INR 10.2 crore in the September quarter of FY25, marking its second consecutive...
Physics Wallah appoints Amit Sachdeva from Blinkit as CFO ahead of IPO
Physics Wallah, an edtech unicorn, has strengthened its leadership team by appointing Amit Sachdeva, former Blinkit executive, as its new Chief Finance Officer (CFO)....