E Commerce News - Latest Updates & Headlines
Himachal Pradesh's Himira e-commerce platform empowers women and shows promising results
Shimla, February 9: The State government's initiatives to strengthen the rural economy and empower women are showing promising results. Since the launch of the official e-commerce platform Himira by Chief Minister Thakur Sukhvinder Singh Sukhu on January 3, 2025, the response has been overwhelmingly positive, as per a release.
Amazon, DGFT aim to enable $80 billion exports from India by 2030
New Delhi, Feb 7: E-commerce major Amazon and the Directorate General of Foreign Trade (DGFT) on Friday renewed their partnership to help small businesses in India expand their reach in global markets through e-commerce and help enable $80 billion in exports from the country.
Swiggy's loss widens 39 pc to Rs 799 crore in Q3
New Delhi, Feb 5: Zomato's rival Swiggy on Wednesday reported a Rs 799.08 crore net loss in the October-December period (Q3 FY25), as compared to a loss of Rs 625.53 crore in the previous quarter.
Indian startups raise $240.85 million this week, Bengaluru leads in funding deals
New Delhi, Feb 2: During the week, 30 Indian startups secured a total of $240.85 million in funding including five growth-stage investments and 20 early-stage rounds.
New direct flights from East Turkestan to UK spark fears of forced labour in supply chains
London, February 1: The UK government has been urged to investigate new cargo flights from East Turkestan amid concerns that they may be trafficking goods produced with forced labour, as reported by Politico.
Industrial & logistics leasing reaches all-time high in 2024, with Delhi-NCR, Bengaluru, and Kolkata leading
New Delhi, January 30: The Industrial and Logistics (I&L) sector in India experienced a record-breaking leasing volume in 2024, reaching an all-time high of 39.5 million square feet across the top eight cities, according to CBRE South Asia Pvt. Ltd.'s report.
Former Standard Chartered Bank MD turns entrepreneur, launches Akashaverse platform providing immersive experience
New Delhi, January 23: Sanjeev Mehta, former managing director of Standard Chartered Bank who resigned from the top post in September 2024, has become an entrepreneur with the launch of a new-age startup venture called Akashaverse.
Govt's 'Open Network for Digital Commerce' to drive India's next wave of entrepreneurial innovation: Report
New Delhi, January 23: The Open Network for Digital Commerce (ONDC) has been hailed as a transformative initiative with the potential to drive India's next wave of entrepreneurial innovation.
FirstCry, MobiKwik, Ixigo worst hit as new-age stocks tank amid sharp selling
Mumbai, Jan 17: Several new-age stocks have witnessed sharp selling in the first half of January, as the stock market goes through correction amid global uncertainties.
Fashion, accessories emerges as most selling products on e-commerce platform: Report
New Delhi, January 15: Fashion and accessories emerged as the most significant category in 2024, contributing 30 per cent of the total order volume, followed closely by beauty, wellness, and personal care at 19 per cent, according to Unicommerce, an e-commerce enabler company.
Top industry associations slam Zomato, Swiggy over private label food delivery
New Delhi, Jan 13: The Federation of Hotel and Restaurant Associations of India (FHRAI) and the National Restaurant Association of India (NRAI) have reiterated serious concerns over online food aggregators Zomato and Swiggy's recent move to enter the private label food delivery business.
DMart Q3 net profit rises around 5%, revenue soars 17.7%
New Delhi, January 12: Avenue Supermarts, one of the largest food and grocery retailers in India branded as DMart, declared its standalone and consolidated financial results for the quarter and three quarters that ended in December 2024.
NRAI slams Zomato and Swiggy over private label food delivery via Q-com apps
Mumbai, Jan 9: The National Restaurant Association of India (NRAI) on Thursday strongly opposed the recent foray of food delivery platforms Zomato and Swiggy into private-label food delivery via their quick commerce (Q-com) apps.
Indian quick commerce industry to reach $50 billion in GOV by FY30
New Delhi, Jan 7: The Indian quick commerce industry is estimated to reach $50 billion in gross order value (GOV) by FY30, which implies 60 million customers ordering eight times per month, according to an HSBC Research report on Tuesday.
Jefferies cuts Zomato stock to 'hold' as quick commerce competition heats up
New Delhi, Jan 7: Global brokerage firm Jefferies has downgraded Zomato's shares to 'hold' as it revised the target lower, citing increasing competition as a threat to the online food aggregator’s profitability.
Quick commerce to expand into new categories and cities in 2025; smaller cities embrace the model: Bernstein Report
New Delhi, January 7: India's quick commerce sector is expected to expand beyond groceries into new categories and cities in 2025 as Tier-2 and smaller cities embrace this model, says a report by Bernstein.
Multiple players can co-exist in Quick Commerce India's retail market: Report
New Delhi, January 6: India's Quick Commerce retail market is on a remarkable growth trajectory. A report by Anand Rathi suggests that multiple player can co-exist in India's Quick Commerce retail market.
Women-led startup funding in India increases to $930 million in 2024
New Delhi, Jan 5: The Indian startup ecosystem has seen major changes in the last few years and there has been an unprecedented rise in the participation of women entrepreneurs as the funding of female-led startups increased by over 90 per cent in 2024.
ONDC can create additional GMV opportunity worth Rs 3.75 lakh crore in 5 years
New Delhi, Jan 4: The Open Network for Digital Commerce (ONDC), which has the potential to create a market opportunity to the tune of Rs 3.75 lakh crore in additional gross merchandise value (GMV) in the next five years, is addressing the challenges of monopolistic practices and empowering smaller players, the government said on Saturday.
PM Modi lauds ONDC's role in empowering small businesses and transforming e-commerce
New Delhi, January 2: Prime Minister Narendra Modi has praised the transformative impact of the Open Network for Digital Commerce (ONDC) on India's e-commerce landscape.
In 2025, quick commerce will start hitting scale, become comparable to e-commerce: Zepto CEO
New Delhi, January 1: Aadit Palicha, co-founder and CEO of Zepto has three predictions as we welcome a New Year.