The increase in the number of secured Internet servers, reliable postal service infrastructure, rising Internet penetration and bank accounts are some of the reasons for the growth of the e-commerce sector in India
The traders' body has now extended its complaint to include banks and brands as well, with its latest letter asking for thorough investigation against what it called an "unholy cartel".
The tussle between e-commerce companies and the traders associations has taken a new turn after it alleged that through deep discounting, Flipkart and Amazon were going against tax regulations
Imagine a 'Digital India' free of linguistic fences; free from the monopoly of English as a language on the internet which many Indians are unable to comprehend. With the advent of affordable internet connectivity and wider network coverage, the potential market of the native Indian user on the internet cannot be underestimated.
Changes in foreign direct investment norms for web based market places toward the end of last year had disturbed Walmart-owned Flipkart and Amazon, and constrained them to update their plans of action.
Having raised funding of $11 million, the company expects to expand to 100 cities across 10 states and reach the underserved strata in the e-retail space.
The funding for Dunzo comes at a time when the company is battling deep discounting from food delivery start-ups and the entry of e-commerce giant Amazon into the hyperlocal space.