e-commerce
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Meesho unveils Valmo platform to boost efficiency in e-commerce deliveries
On Wednesday, Meesho, the ecommerce unicorn, launched its tech platform Valmo, aimed at facilitating affordable deliveries and bridging supply chain gaps nationwide. Valmo empowers...
In a first, fair price shops join ONDC platform for digital transformation
In a move towards advancing Digital India, Sanjeev Chopra, Secretary of the Department of Food and Public Distribution, launched a pilot program to onboard...
E-commerce roll-up firm GlobalBees secures $18 Mn in debt funding from Avendus
GlobalBees, an e-commerce roll-up company, has secured INR 150 crore ($18 million) in debt funding from Avendus. This marks the third debt round for...
Govt rolls out ‘Bharat’ rice at INR 29/kg to tackle rising food prices
The Union government on February 6 rolled out 'Bharat rice' at a subsidised rate of INR 29 per kilogram (kg) to provide relief to...
IKEA eyes major investment boost in India as it explores next phase of funding and expansion plans
IKEA, the Swedish furniture retailer, is exploring further investment opportunities in India as it approaches the next phase of funding. The company initially committed...
Established brands maintain dominance in India’s FMCG sector with 65% market share, reveals Bain & Company Report
A report from Bain & Company reveals that in India, established brands in the fast-moving consumer goods (FMCG) sector still dominate, capturing 65 percent...
Amazon Founder Jeff Bezos to sell 50 Million shares by January 31 next year
Jeff Bezos, the founder of Amazon.com, is set to sell 50 million shares in the online retail and cloud services firm over the next...
Govt to sell Bharat brand rice on major e-commerce platforms, targets hoarding with mandatory stock disclosure
On Friday, Sanjeev Chopra, the food secretary, announced that the government plans to introduce the sale of rice under the Bharat brand in the...
Fidelity slashes Meesho’s valuation again, now at $3.5 Billion – a 29% drop from previous high of $4.9 Billion
The US-based asset management company Fidelity has once again lowered the valuation of Meesho on its books, now assessing the e-commerce startup at $3.5...
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...