In a conversation with Fortune India, Kunal Bahl, co-founder and CEO, Snapdeal, shares his views on re-imagining the future, digitalisation, the new normal in the post-pandemic age, and much more.
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.
E-commerce firms delivering essential commodities faced many hassles on Day One of the 21-day national lockdown; they’re working with local authorities to resolve the issues.
India witnessed a record jump in total number of Covid-19 cases to 258 as 63 new cases were confirmed on Friday.
ShopClues says the deal opens up cross-border opportunities for consumers and sellers across Asia.
There is a growing demand for international brands such as H&M, Under Armour, and Mango, from tier 2 and tier 3 markets; e-tailers report 50% growth in sales from non-metros.
In FY19, the Gurugram-based e-commerce firm posted consolidated revenue of ₹925.3 crore while cutting down its losses by 71%.
The BJP-led Union government introduces changes to FDI norms in e-commerce to create a level-playing field. Industry watchers say the move is in view of the upcoming general election.
The transaction will help the Ahmedabad-based firm strengthen its web services capabilities and boost merchant and revenue growth.
With its $100-billion Vision Fund, investment giant SoftBank could well decide the future of India’s new economy companies.
