Boonbox, India's first assisted e-commerce platform for rural areas takes orders from customers in 16 states and has the ability to deliver products in 300,000 villages, which is 47 per cent of villages in India
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 investment will help Ninjacart expand to newer cities and broaden its customer base, while also exposing the company to global best practices to improve efficiency.
Through this investment, Flipkart aims to unlock opportunities in grocery and fresh produce, powered by Kirana stores and leveraging Shadowfax' platform.
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".
Despite funding, a majority of e-retailers have only earned a chunk of customers and focused more on retaining repeat buyers rather than widening their base
The feature, Flipkart Saathi, is currently available in English and Hindi and aims to bring an experience similar to what people expect at a physical store, wherein a salesperson assists them while buying a product.
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
The e-commerce start-up that connects small Indian retailers to both suppliers and customers expects the total value of transactions on its platform to multiply to $20 billion annually in the next five-six years
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.
At a time when the e-commerce is expected to grow at a fast pace, DPIIT is looking to regulate and streamline the space and thus released the draft National E-commerce Policy