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Myntra’s GenZ customer base doubles to 16 Mn in 2024
Lifestyle e-commerce platform Myntra has doubled its GenZ customer base to 16 million in 2024, up from over 8 million in mid-2023. This growth...
Quick commerce players ramp up 24×7 deliveries to meet festive season demand
Quick commerce platforms are ramping up their 24x7 delivery services for the festive season to meet consumer demand around the clock, executives said. This...
Flipkart, Amazon to kick off major festive sales from September 26
Under investigation by the Competition Commission of India (CCI), ecommerce giants Amazon and Flipkart are set to begin their annual festival season sales on...
Myntra trials 4-hour delivery service in four Indian cities as quick commerce sector booms
As quick commerce gains traction, fashion ecommerce giant Myntra is reportedly testing a four-hour delivery service in four Indian cities, including Bengaluru and New...
Bizongo appoints new leadership to drive growth in raw materials and supply chain finance
B2B e-commerce platform Bizongo is strengthening its leadership with new CEOs for its raw material marketplace BizongoBuy and its embedded supply chain finance platform...
Non-metro cities lead e-commerce growth in India, driving 60% of orders: Report
Non-metro cities in India are driving the growth in e-commerce orders, with at least 60 per cent of online purchases originating from tier 2...
Amazon India creates over 1.1 lakh seasonal jobs ahead of festive season
With the festive season approaching, Amazon India stated that it has created over 1.1 lakh seasonal job opportunities across the country.In a statement on...
Nykaa issues equity shares worth INR 15.9 Cr under ESOP schemes
Beauty and fashion e-commerce startup Nykaa has allocated 7.65 lakh equity shares under its employee stock option (ESOP) schemes.In an exchange filing, the startup...
Kotak downgrades Nykaa to ‘Sell’, lowers fair value estimate to INR 190
Kotak Institutional Equities has downgraded Nykaa, a leading beauty and fashion e-commerce company, to a 'sell' rating from its previous 'add' rating and reduced...
60% of consumers plan to boost online shopping budgets this festive season: Meesho Survey
Over 60% of mass consumers plan to increase their online shopping budgets this festive season, boosting e-commerce adoption in tier 2 cities, according to...
Purplle revenue soars 43% to INR 679.6 Cr in FY24, reduces net loss by 46%
Purplle, the Mumbai-based beauty ecommerce marketplace, saw its revenue edge closer to INR 700 crore for the financial year ended March 31, 2024. The...
Samir Kumar likely to take over as Amazon India Head following Manish Tiwary’s resignation
Just over a month after Manish Tiwary resigned as Amazon India's head, senior executive Samir Kumar is reportedly set to assume the role, according...