e-commerce
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Amazon Founder Jeff Bezos to sell 50 Million shares by January 31 next year
Jeff Bezos, the founder of Amazon.com, is set to sell 50 million shares in the online retail and cloud services firm over the next...
Govt to sell Bharat brand rice on major e-commerce platforms, targets hoarding with mandatory stock disclosure
On Friday, Sanjeev Chopra, the food secretary, announced that the government plans to introduce the sale of rice under the Bharat brand in the...
Fidelity slashes Meesho’s valuation again, now at $3.5 Billion – a 29% drop from previous high of $4.9 Billion
The US-based asset management company Fidelity has once again lowered the valuation of Meesho on its books, now assessing the e-commerce startup at $3.5...
Shein investors offer shares at 30% discount amid dwindling IPO prospects
As per a Bloomberg report, Shein investors are trying to divest shares in private market transactions, with valuations for the online fashion giant dropping...
Meesho fastest growing e-commerce player; GMV tops $5 Billion: Alliance Bernstein Report
According to a recent report by Alliance Bernstein, the current Gross Merchandise Value (GMV) of Meesho, a value-driven e-commerce startup, is over USD 5...
Flipkart nears profitability amidst cost reduction measures and fintech expansion
Flipkart, the e-commerce giant led by Walmart, is approaching profitability, according to Kalyan Krishnamurthy, the group chief executive. Despite operating at a loss, Krishnamurthy...
Victoria’s Secret unveils its first beauty store in Mumbai
On Monday, Apparel Group India, the parent franchise of the American specialty retailer brand Victoria's Secret, announced the opening of its first beauty store...
JioMart reports 3X surge in seller base, expands non-grocery offerings, and achieves record revenue in Q3
JioMart, the e-commerce platform of Reliance Retail, reported a threefold increase in its seller base in the December quarter results posted on Friday.Expanding beyond...
Beauty e-commerce platform BuyEazzy secures $4.25 Million in Series A funding led by Info Edge Ventures
BuyEazzy, the e-commerce platform specializing in beauty products with a focus on Bharat, has successfully raised $4.25 million in a Series A funding round....
Strong demand propels 36 brands into tier-II cities throughout 2023
In the first three quarters of 2023, thirty-six domestic and international brands extended their reach into tier-II cities due to strong demand from smaller...
NRAI urges govt to restore input tax credit and raise GST to 12%
On Monday, the National Restaurant Association of India (NRAI) appealed to the government to reinstate input tax credit for restaurants. They proposed an increase...
Nykaa’s parent company, FSN E-commerce, reports 2.5% share decline after massive block deal
Shares of FSN E-commerce, the parent entity of the beauty e-commerce platform Nykaa, saw a decline of up to 2.5% following a likely huge...