e-commerce
Breaking News
Shein investors offer shares at 30% discount amid dwindling IPO prospects
As per a Bloomberg report, Shein investors are trying to divest shares in private market transactions, with valuations for the online fashion giant dropping...
Meesho fastest growing e-commerce player; GMV tops $5 Billion: Alliance Bernstein Report
According to a recent report by Alliance Bernstein, the current Gross Merchandise Value (GMV) of Meesho, a value-driven e-commerce startup, is over USD 5...
Flipkart nears profitability amidst cost reduction measures and fintech expansion
Flipkart, the e-commerce giant led by Walmart, is approaching profitability, according to Kalyan Krishnamurthy, the group chief executive. Despite operating at a loss, Krishnamurthy...
Victoria’s Secret unveils its first beauty store in Mumbai
On Monday, Apparel Group India, the parent franchise of the American specialty retailer brand Victoria's Secret, announced the opening of its first beauty store...
JioMart reports 3X surge in seller base, expands non-grocery offerings, and achieves record revenue in Q3
JioMart, the e-commerce platform of Reliance Retail, reported a threefold increase in its seller base in the December quarter results posted on Friday.Expanding beyond...
Beauty e-commerce platform BuyEazzy secures $4.25 Million in Series A funding led by Info Edge Ventures
BuyEazzy, the e-commerce platform specializing in beauty products with a focus on Bharat, has successfully raised $4.25 million in a Series A funding round....
Strong demand propels 36 brands into tier-II cities throughout 2023
In the first three quarters of 2023, thirty-six domestic and international brands extended their reach into tier-II cities due to strong demand from smaller...
NRAI urges govt to restore input tax credit and raise GST to 12%
On Monday, the National Restaurant Association of India (NRAI) appealed to the government to reinstate input tax credit for restaurants. They proposed an increase...
Nykaa’s parent company, FSN E-commerce, reports 2.5% share decline after massive block deal
Shares of FSN E-commerce, the parent entity of the beauty e-commerce platform Nykaa, saw a decline of up to 2.5% following a likely huge...
Lexdale International to divest 2.62 Crore Nykaa shares valued at INR 490 Crore
Lexdale International is reportedly seeking to divest 2.62 crore shares of the beauty e-commerce giant Nykaa through open market transactions.Sources informed CNBC-Awaaz that the...
The Souled Store elevates customer experience through collaboration with Simpl for seamless 1-Tap checkout integration
Fashion brand The Souled Store has joined forces with fintech startup Simpl to enhance its e-commerce platform, offering customers an improved experience, as announced...
GSTN introduces new reporting sections in GSTR-1 for enhanced accuracy in tax filings
Effective from January 2024, the GSTN has incorporated two new sections in GSTR-1 to enhance reporting accuracy.In Table 14, it is now possible to...