ecommerce
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Meesho diversifies strategy, set to launch financial services and expand grocery delivery for enhanced profitability
Meesho, an e-commerce company backed by SoftBank, plans to develop a financial services platform and expand its grocery delivery business in the upcoming financial...
B2C ecommerce startup DealShare’s FY23 loss crosses INR 500 Cr mark, while sales see a 5% upturn
Alpha Wave-backed B2C ecommerce startup DealShare's net loss crossed the INR 500 Crore mark in the financial year ending March 31, 2023. Experiencing a...
Udaan undergoes executive leadership restructuring as Group CFO Aditya Pande resigns
Udaan, the B2B e-commerce platform, announced senior-level organizational changes on Monday. As part of this restructuring, Kiran Thadimarri, previously the Group Finance Controller, has...
US online grocery sales slip in 2023, marking a 1.2% decline amidst reduced order frequency and economic challenges
In 2023, the US online grocery market experienced a downturn, as indicated by a new report attributing the decline to a reduction in the...
CCPA issues notice to Amazon for selling sweets as ‘Prasad’ from Ayodhya Ram Temple
The ecommerce giant Amazon has received a notice from the Central Consumer Protection Authority (CCPA) for marketing sweets online using the name "Shri Ram...
D2C wellness brand Zingavita raises INR 10 Crore in pre-Series A funding led by Anicut Capital
Zingavita, a health and wellness startup, has raised INR 10 Crore (approximately $1.2 million) in its pre-Series A funding round, led by Anicut Capital.The...
B2B ecommerce unicorn Udaan sees drastic 50% valuation drop to $1.8 Billion in down round
Udaan, a B2B ecommerce unicorn, reported a significant reduction in its valuation, plummeting to around $1.8 billion in a down round, according to a...
Myntra expands beauty offerings, adds Huda Beauty to its exclusive lineup
Myntra, the e-commerce marketplace, has added the renowned global beauty brand Huda Beauty to its selection, according to a recent press release. Alongside the...
Nykaa’s fashion vertical takes the lead with anticipated 40% YoY GMV growth in Q3 FY24
Nykaa, a prominent beauty and fashion ecommerce player, reported in its Q3 FY24 performance update that it experienced steady growth across all three of...
FirstCry CEO Supam Maheshwari sells 6.2 Million shares worth over INR 300 Crore ahead of IPO
Supam Maheshwari, the co-founder and CEO of FirstCry, an e-commerce platform specializing in mother and child care, has reportedly sold 6.2 million shares ahead...
Walmart-owned Flipkart initiates annual job cuts, targets 5-7% workforce reduction by April
Walmart-owned Flipkart has initiated a workforce reduction program that may result in a reduction of five to seven percent in its overall staff, as...
ONDC welcomes CBDT’s move to introduce 1% income tax deduction in multi-operator model for e-commerce
The Open Network for Digital Commerce (ONDC) lauds the recent guidelines from the Central Board of Direct Taxes (CBDT) introducing a 1% income tax...