Non-metro India takes to luxury shopping; makes up to 50% sales of luxury e-tailers
Tata Cliq Luxury gets about 40% of its revenues, whereas ABFRL’s The Collective gets 50% of its sales from non-metro stores.
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India's e-tail market to grow by $110-130 bn in 6 years: Bain
Shopper addition will continue to be at the heart of future e-retail growth. India's online shopper base is estimated to increase to 400-450 million by 2027, say analysts at the firm.
Fake reviews on Flipkart, Amazon under govt radar
Due to fake and misleading reviews, the right to be informed, which is a consumer right under the Consumer Protection Act is violated, says govt.
The online festive season shopping frenzy
With the festive season imminent, e-commerce majors are geared towards luring customers with massive discounts and schemes—with expected sales of $4.8 billion in the first week of the festive season.
Tata Digital to invest $75 mn in CureFit
Tata Digital—which picked up a majority stake in BigBasket last month—named Mukesh Bansal, co-founder and CEO of the Bengaluru-based health and wellness startup, as its president.
Business not as usual for e-commerce firms
While the government says e-commerce firms can resume delivery of non-essential items from April 20, a surge in the number of Covid-19 cases in the past week could stop consumers from shopping online.
Changing dynamics: India’s online fashion biz
While the space has attracted niche players, competition from larger companies like Flipkart and Amazon has led to the death of several fashion platforms. The latest on the list is Jabong.
Accel announces sixth fund of $550 million
The capital will be invested in seed and early-stage technology startups in India.
Amazon India: Up and running
Amazon India’s smooth ride may have faced a bump in the form of the revised e-commerce norms, but the company has taken it in its stride and is aggressively courting new customers.
Ananth Narayanan steps down as Myntra and Jabong CEO
The fashion retailer has abolished the position of CEO and named Amar Nagaram as head, Myntra and Jabong.
