ecommerce

Zomato FY Q1 2024 Results: A Historic Profit, 70% YoY Surge in Revenue Cements Its Dominance in India’s Online Food Delivery Market

Zomato (NSE: ZOMATO) released its much-anticipated financial results for the first quarter of fiscal 2024, ending on June 30, 2023, leaving investors overjoyed. In a historic achievement, the Indian food-delivery giant reported its very first profitable quarter, a milestone...

Google and Reliance-Backed Dunzo is Battling the Tides: On Brink of Collapse?

India has the third largest startup ecosystem in the world, and it is constantly expanding with each passing quarter, giving birth to new startups and aspiring unicorns. Yet, despite this surge of promise, a significant portion of these unicorn or soon-to-be unicorn startups...

Amazon Global Selling Program Creates a Massive $8 Billion Opportunity for Indian Exporters in 2023

In the ever-evolving e-commerce landscape, one name stands tall as a behemoth of innovation and opportunity - Amazon.com, Inc. (NASDAQ: AMZN). This digital titan has opened the floodgates for businesses worldwide to conquer international markets through its game-changing initiative,...

Exploring India’s Online Shopping Habits: 62% of Consumers Embrace e-Commerce Platforms for Clothing and Accessories

The e-commerce sector in India is experiencing unprecedented growth, driven by the widespread use of smartphones and high-speed internet. An increasing number of individuals are embracing digital platforms such as Amazon, Flipkart, Myntra, Nykaa, and others for their online...

Dreams and Dilemmas: TikTok’s Ambitious Quest for 4X GMV Growth in 2023 Amidst Stormy Seas in the US, UK Markets

Who could have imagined that one-day social media would become more than just a source of entertainment or a means of staying connected? Social media platforms like Instagram, TikTok, and Facebook have recognized this opportunity and are capitalizing on...

Retail App Downloads Q1 2023: Chinese apps dethroned Amazon, Walmart in the US

Retail is one of the fastest-growing industries in the world. With the advent of the digital age, retailers are embracing a multi-channel approach to tap into wider markets, combining the power of physical stores and online platforms. Surprisingly, amongst the...

Nykaa’s revenue in FY23 reached a new high of Rs 51.44 billion, profit declined 49% YoY

Nykaa'a parent FSN E-Commerce Ventures Limited has announced its financial results for the fiscal year ending March 31, 2023. Interestingly, the online fashion and beauty e-commerce company successfully attained its objective of surpassing a 30% increase in revenue for...

How Tech Can Make Your Business More Customer Friendly

Tech has become an essential tool for businesses to be able to do almost anything at all, and when it comes to making your business more customer friendly, it can certainly help. The key is not to do too...

The record addition of new online shoppers in India will take online retail spending to $160 billion by 2025

The Covid-19 pandemic has influenced not only consumers’ preferences but also purchasing methods. India's e-commerce industry witnessed an unprecedented surge in the number of first-time online buyers between 2020 and 2022 and this trend is likely to continue in...

Mamaearth IPO on hold: Investors giving cold shoulders to $3 billion valuation?

Another Indian startup has put its IPO plan on hold, for an indefinite period. The much-talked Mamaearth IPO is the latest one facing the heat due to tough market conditions. Mamaearth, an Indian skincare startup, has reportedly delayed its initial...
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Amazon Makes Historic Bet on AI: $4 Billion Fuels Anthropic’s Generative Engine

AI investments have skyrocketed in the last three years, with tech giants placing their bets on the transformative power...
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