The Supreme Court has dismissed a plea by e-commerce giants Amazon and Flipkart, asserting that they must undergo an inquiry by the Competition Commission of India (CCI) regarding alleged anti-competitive practices. Court’s Decision A bench led by Chief Justice N.V. Ramana, along with justices Vineet Saran and Surya Kant, stated that large organizations like Amazon...
Grofers, backed by Softbank, has expedited its plans to launch an initial public offering (IPO) by the end of next year following a significant acceleration in its path to profitability during the lockdown period, revealed a top official of the company. Path to Profitability Acceleration Albinder Dhindsa, co-founder and CEO of Grofers, disclosed that the...
Tridge, an online marketplace dedicated to assisting farmers in selling their produce globally, secured over $10 million in funding at the end of 2019 to enhance its offerings. Background Founded in 2015 by Hoshik Shin, a former Deutsche Bank executive, Tridge aims to facilitate ethical and sustainable trade practices between farmers in developing nations and...
Social e-commerce platform DealShare announced on Thursday that it has secured an additional $45 million in funding from the Abu Dhabi Investment Authority (ADIA) as part of its series E funding round. This brings the total funding for the company to $393 million, with a valuation of $1.7 billion. Funding Utilization The company plans to...
Snapdeal, a prominent e-commerce platform in India, along with four Indian shopping complexes, has been included in the latest 2020 Review of Notorious Markets for Counterfeiting and Piracy released by the Office of the US Trade Representative. Indian Markets Listed The four Indian markets mentioned in the report are Heera Panna in Mumbai, Kidderpore in...
Snapdeal, India’s third-largest e-commerce platform, has announced the successful testing of robots for e-commerce deliveries. Partnering with autonomous mobility startup Ottonomy IO, Snapdeal aims to introduce contactless and sanitized package deliveries using robots. Testing Process and Technology During the trial run conducted in Delhi NCR, robots were stationed at the entrances of residential societies. Delivery...
Snapdeal, India’s third-largest e-commerce platform, resumed non-essential deliveries following the relaxation of lockdown guidelines after May 3. While the platform experienced a surge in orders as lockdown restrictions eased, it acknowledges that returning to normalcy will require time and patience. Reopening Amid Optimism With 75% of non-essential orders originating from green and orange zones, Snapdeal...
Snapdeal, India’s third-largest e-commerce platform, has significantly expanded its services by adding 3,500 new pincodes in 2019. This expansion brings the total coverage area to 26,000 pincodes, aligning with Snapdeal’s strategic focus on serving India’s smaller towns and rural areas, collectively known as Bharat, which harbor the potential for the next wave of internet users....
Snapdeal, a prominent player in the Indian e-commerce landscape, has unveiled eight new logistics centers across India, supplementing the 15 centers announced earlier in February 2020. This strategic expansion coincides with the resurgence of Indian e-commerce post-lockdown and anticipates a surge in sales volumes during the upcoming festive season, particularly with Diwali approaching. Fulfillment Capacity...
As India grapples with lockdown measures, online shopping has emerged as a lifeline for many, particularly in urban areas. A recent report by Capgemini suggests that this trend is likely to persist and even intensify once lockdown restrictions ease. However, this surge in online shopping comes with its own set of terms and conditions. Shifting...
