e-commerce

  1. India's non-cash payments on e-commerce platforms grew to 58.1% from 20.4% six years ago

    India's non-cash payments on e-commerce platforms grew to 58.1% from 20.4% six years ago

    New Delhi [India], India has seen the sharpest jump in alternative payments share for e-commerce payments in the Asia-Pacific region, rising from 20.4 percent in 2018 to 58.1 percent in 2023, according to a report by data and analytics GlobalData. It is done. company.Apart from traditional...
  2. OWEG introduces unprecedented agent module, providing rich possibilities for e-commerce lovers

    OWEG introduces unprecedented agent module, providing rich possibilities for e-commerce lovers

    SMPLMumbai (Maharashtra) [India], June 14: OWEG, one of India's leading e-commerce platforms renowned for its commitment towards customer satisfaction and innovation, is excited to announce the launch of its ground-breaking Agent module. This innovative addition to the OWEG ecosystem is set to...
  3. Logistics technology provider Pidge joins government-run ONDC network

    Logistics technology provider Pidge joins government-run ONDC network

    Utilizing Pidge's extensive network of over 200 regional and national partners, the initiative aims to increase e-commerce penetration in the country beyond the current level of 5 percent.“ONDC Network aims to ensure inclusivity for sellers, especially SMEs, which aligns well with our...
  4. DPIIT officials, Flipkart, toy makers to meet on Wednesday on ways to increase sourcing

    DPIIT officials, Flipkart, toy makers to meet on Wednesday on ways to increase sourcing

    New Delhi: Senior officials of the commerce and industry ministry, Walmart group company Flipkart and domestic toy makers will on Thursday discuss ways to increase sourcing on e-commerce platforms and immediately involve manufacturers, an industry official said.The official said that to make...
  5. Skilling entrepreneurs important for entry of e-commerce in India: ONDC CEO

    Skilling entrepreneurs important for entry of e-commerce in India: ONDC CEO

    Speaking to IANS, Koshy said the penetration of e-commerce in the digital sector is "only six-seven per cent on the buying side, and maybe one or two per cent on the selling side."He said there is a large section of people who are potential partners on the supply side. Apart from providing...
  6. 'ONDC will become a strong e-commerce player in the near future'

    'ONDC will become a strong e-commerce player in the near future'

    In an interview with IANS, Koshy said the good traction the platform has received in the last 15 months proves that ONDC has the potential to completely transform the e-commerce landscape.“We will definitely become a strong e-commerce player in the near future. We will have the complete...
  7. Havells ties up with Jumbo Group to enter kitchen appliances sector in UAE

    Havells ties up with Jumbo Group to enter kitchen appliances sector in UAE

    New Delhi, Havells India Ltd on Monday said it has partnered with Jumbo Group, a distributor of consumer electronics and technology products in the UAE, to enter the kitchen appliances sector in the country.Under the alliance, Havells India's key kitchen appliances, including mixer grinders...
  8. Lifelong Online launches innovative baby product range to target the fast-growing US$12.73 billion baby care market in India

    Lifelong Online launches innovative baby product range to target the fast-growing US$12.73 billion baby care market in India

    VMPLMumbai (Maharashtra) [India], June 5: Lifelong Online, one of India's leading e-commerce brands for consumer goods, recently entered the rapidly growing baby care market in India with the launch of its all-new baby range. Have entered. The company is set to revolutionize the modern...
  9. YouTube expands shopping features in South Korea to help creators make more money

    YouTube expands shopping features in South Korea to help creators make more money

    YouTube last day unveiled its Shopping Affiliate program for eligible Korean creators, allowing them to "tag" products on their videos, shorts, and livestreams to help viewers purchase the product on the affiliated retailer's website .South Korea is the second country after the United States...
  10. Food delivery, e-commerce platforms come together to protect their delivery partners from heatwave

    Food delivery, e-commerce platforms come together to protect their delivery partners from heatwave

    New Delhi: A large part of India is in the grip of heat wave and temperatures are being recorded above normal levels in many cities, in such a situation, food delivery and e-commerce platforms have come up with several measures to protect their delivery partners from the scorching heat. Are...
  11. Kalyan Jewelers to invest Rs 42 crore to complete Candere buyout

    Kalyan Jewelers to invest Rs 42 crore to complete Candere buyout

    New Delhi, Kalyan Jewelers on Monday said it will acquire the remaining 15 per cent stake in its e-commerce subsidiary Enovate Lifestyles, which operates under the Candere brand, for Rs 42 crore.The deal, to be completed in three tranches, will make Candere a wholly owned entity as Kalyan...
  12. Myntra expects 20 million users to visit the platform during the sale

    Myntra expects 20 million users to visit the platform during the sale

    New Delhi, Fashion and lifestyle e-commerce platform Myntra on Wednesday said that it expects 20 million users to visit the platform during the sale starting from May 31.Growth and revenue head Neha Wali said the platform expects 1.35 million customers to shop during the 20th edition of EORS...
  13. Ecom Express signs strategic alliance with drone firm Sky Air

    Ecom Express signs strategic alliance with drone firm Sky Air

    MUMBAI: Logistics operator Ecom Express on Tuesday said it has entered into a strategic collaboration with drone delivery-technology firm Sky Air in the last-mile delivery sector, which will help it reduce delivery time for e-commerce parcels.Ecom Express said in a statement that the...
  14. Nykaa board appoints Santosh Desai as independent director

    Nykaa board appoints Santosh Desai as independent director

    New Delhi, FSN E-Commerce Ventures, which owns beauty and fashion platform Nykaa, announced the appointment of Santosh Desai as an independent director on its board with effect from July 15, 2024.According to a release, the appointment is subject to shareholders' approval."FSN E-Commerce...
  15. PhonePe's Pincode partners with Simply Namdhari in Bengaluru to gain wider customer base

    PhonePe's Pincode partners with Simply Namdhari in Bengaluru to gain wider customer base

    The collaboration will bring a variety of groceries, fresh fruits and vegetables and other premium FMCG products to the residents of Bengaluru on the Pincode app, the company said in a statement."Namdhari is known as one of the largest exporters of fresh fruits and vegetables in India, and now...
  16. Google to buy minority stake in Flipkart for US$350 million in new funding round

    Google to buy minority stake in Flipkart for US$350 million in new funding round

    New Delhi: Internet major Google has proposed to invest about USD 35 million (about Rs 2,900 crore) to buy a minority stake in e-commerce company Flipkart during a new funding round, the Walmart group company said on Friday.According to sources, Flipkart is raising US$1 billion in the current...
  17. Google invests $350 million in Walmart-owned Flipkart (Lead)

    Google invests $350 million in Walmart-owned Flipkart (Lead)

    In a statement, Flipkart said it has added Google as a "minority investor" in the e-commerce platform as part of the latest funding round led by Walmart.However, the company did not disclose financial details.The move, being taken at a time when the Indian digital economy is growing at a...
  18. Flipkart adds Google as minority investor in Walmart-led funding round

    Flipkart adds Google as minority investor in Walmart-led funding round

    The move, being taken at a time when the Indian digital economy is growing at a very fast pace, is subject to receipt of regulatory and other customary approvals by both parties, the domestic e-commerce firm said in a statement."Google's proposed investment and its cloud collaboration will...
  19. Google to buy minority stake in Flipkart in new funding round

    Google to buy minority stake in Flipkart in new funding round

    New Delhi: Internet major Google has proposed to invest in e-commerce major Flipkart to buy a minority stake during the company's new funding round, the Walmart group company said on Friday."As part of the latest funding round led by Walmart, Flipkart today announced that it will be adding...
  20. Nykaa's net profit fell 48 percent quarter-on-quarter to Rs 9 crore.

    Nykaa's net profit fell 48 percent quarter-on-quarter to Rs 9 crore.

    Nykaa's parent company FSN E-Commerce Ventures posted revenue of Rs 1,668 crore in the full financial year (FY24), up 28 per cent from Rs 1,302 crore in FY23.The stock of FSN E-Commerce closed at Rs 179.20 on Wednesday.For FY24, net profit increased by nearly 80 per cent to Rs 69 crore from...
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