ecommerce
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Peak XV Partners and Tiger Global eye stake acquisition in SoftBank-backed Meesho amidst secondary deal talks
According to a report by ET, Peak XV Partners (formerly known as Sequoia Capital India) and Tiger Global, along with several other investors, are...
ONDC surpasses 7.1 Million orders milestone in February since inception last year
The government-backed Open Network for Digital Commerce (ONDC) has achieved a milestone by completing more than 7.1 million cumulative orders in February since its...
Flipkart Internet receives INR 924 Crore cash infusion from Singapore entities
Flipkart’s marketplace arm, Flipkart Internet, has received a cash infusion, raising about INR 924 crore ($111 million) in two parts from its related entities...
B2B ecommerce platform Moglix considers base relocation to India amid plans for public debut
Moglix, a B2B ecommerce platform, is reportedly planning to relocate its base to India. This potential move comes on the back of its plans...
Amazon to challenge Meesho with budget-friendly fashion vertical ‘Bazaar’
Amazon, the ecommerce major, is reportedly gearing up to launch its new vertical, Bazaar, showcasing budget-friendly, unbranded fashion and lifestyle products.As per ET's report,...
Flipkart explores buyout of cash-strapped Dunzo
Flipkart, a major ecommerce platform backed by Walmart, is reportedly exploring the acquisition of cash-starved hyperlocal delivery startup Dunzo.According to a TechCrunch report, complexities...
Govt infrastructure spending, elections to drive consumption growth, says Nestle CMD
Nestle India's Chairman and Managing Director, Suresh Narayanan, said that the government's infrastructure spending, moderating inflation, and the upcoming elections are likely to boost...
Tata Digital to receive $1 Billion investment from Tata Sons
Tata Sons, a diversified conglomerate, is planning to infuse around $1 billion into its digital arm Tata Digital over the next few years.This development...
Nestle India sees 4.3% increase in Q4 net profit, reaching INR 655.61 Crore
FMCG major Nestle India reported a 4.38% rise in net profit to INR 655.61 crore for the fourth quarter ended December 2023, compared to...
Nykaa’s Q3 results ignite bullish sentiment, shares jump 6%
Nykaa, a prominent beauty and fashion ecommerce platform, witnessed a 6% surge in its shares during Wednesday's trading session following the announcement of its...
Flipkart revives same-day delivery service across 20 cities, taking on Amazon’s Prime model
The same-day ecommerce delivery service, pioneered by Amazon through its Prime subscription model in 2017, has recently witnessed a revival. Joining the fray on...
Ikea expands reach with online doorstep deliveries to 62 new districts in India; plans e-commerce launch in Delhi-NCR within a year
In a bid to enhance its product accessibility, Swedish furniture retailer Ikea is set to initiate online doorstep deliveries to 62 new districts in...