Ecommerce | Page 2

ONDC's focus on expanding the online opportunity in India and creating a more inclusive e-commerce ecosystem is well matched with Snapdeal's focus on growing e-commerce beyond just brands and urban users

The Joint Secretary reportedly urged the industry to focus on producing high quality products

The minister also said that the consumer industry in India, and FMCGs have been victims of indiscriminate low-quality imports because of which people have suffered

The brand will use the funding to scale up their inventory to cater to the increasing demand and meet their striving goal of achieving a revenue of over INR 25 crore

Prior to this round, the founders bootstrapped the company with $2 million and raised $1 million from the Indian Angels Network in 2021

According to an official statement, this will be Amazon's initial collaboration with ONDC as they continue to explore other potential opportunities for stronger integration between the two in future

Co-founder and CEO, Lenskart & Shark Tank Judge

The fund raised will be used towards building the region's largest fulfilment network

The funds will be used to invest in high-calibre employees across all the company's operations and to accelerate the development of new products and technology

The new office is expected to bring together the best talents and foster a culture of collaboration and innovation like never before

The company reportedly said that it had successfully integrated with sellers and was ready to begin intercity express parcel movement, catering to over 18,400 pin codes in the country

The platform will use the funds to widen its market reach and become a launch pad for conscious brands

The e-commerce giant in a race to overtake rival Amazon is welcoming metaverse and its players with open arms

To improve unit economics, the companies in the space are expected to start offering offer localized assortment, promote high order value SKUs, and charge a delivery fee, among others

It is also added that regulating e-commerce intermediaries on grounds of only misinformation is not enough as they need to be regulated on grounds of competition

By leveraging tech and tapping into the e-commerce boom, India's logistics players are not only democratizing cross-border commerce but are expanding their market horizons

EvolutionX's investment, alongside udaan's recent capital raise, will improve the company's financial strength as well as continue to drive its operational efficiencies with an enhanced focus on achieving profitable growth

The consumer affairs secretary said that, probably, India will be the first country to have developed frameworks for fake review management

Temu is a marketplace where third-party sellers can sell their goods directly to consumers

The report stated that the nation currently has the third-largest shopper base globally, with 180 to 190 million online shoppers in 2021, which is estimated an increase at 400 to 450 million by 2027

The company's goal is to reach a revenue of over INR 1000 crore in the next 4 years by creating 5 to 6 differentiated D2C brands