Posted in Ecommerce
E-Commerce Company Meesho Debuts INR 200 Cr Buyback Offer Targeting 1,700 Employees
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Posted in Ecommerce
Bertelsmann Leads $22.5M Investment in Rozana, Boosting Rural E-commerce in India
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Posted in Ecommerce
Unicommerce Submits DRHP for IPO Focusing on Equity Share Offer
Three points you will get to know in this article: Unicommerce, a part of the AceVector Group alongside Snapdeal and Stellaro Brands, has recently submitted its draft red herring prospectus (DRHP) to the Securities Exchange Board of India (SEBI) for their upcoming initial public offering (IPO). In this exciting move, the company aims to secure funds through an offer for…
Posted in Ecommerce
Snapdeal Records INR 388 Crore Revenue in FY23; Reduces Losses by 45%
Three points you will get to know in this article: In the realm of horizontal e-commerce ventures, Snapdeal, the Gurugram-based e-commerce platform, stands out for its unwavering commitment to profitability. Notably, the company has achieved a commendable feat by reducing consolidated losses by 45%, from Rs 510 Cr in FY22 to Rs 282 Cr in FY23. Impressively, Snapdeal achieved profitability…
Flipkart Secures $600 Million Investment from Walmart, Plans Operational Expansion
Three points you will get to know in this article: In a significant financial move, Flipkart, the leading player in the e-commerce domain, has successfully secured a substantial investment of $600 million or Rs 5,000 crore from its parent company Walmart through its investment arm, FIT HOLDINGS SARL. The decision to raise these funds was formalized by the Flipkart board,…
Posted in BusinessEcommerceSocial Media
Udaan Undertakes Strategic Restructuring with Layoffs Amid Business Consolidation
Three points you will get to know in this article: In September, Udaan, the B2B e-commerce platform, underwent a strategic restructuring that led to the unfortunate layoff of over 100 dedicated employees. The company, headquartered in Bengaluru, undertook a comprehensive reorganization, uniting its essentials business encompassing FMCG, staples, and pharma with the discretionary business covering general merchandise, lifestyle, and electronics.…
Posted in Daily FeedsEcommerce
BYJU’S Delays November Pay for 1K Staff – Technical Glitch
Three points you will get to know in this article: BYJU’S, the embattled edtech startup, has encountered a temporary delay in issuing the November salaries to approximately 1,000 team members due to an unforeseen technical hiccup. Promise of Salary Disbursement by Monday The company, currently facing challenges, follows a salary cycle that resets at the commencement of each month. Despite…
Posted in Ecommerce
Festive Sale and Cricket Mania Propel ONDC Order Volume to 12 Lakh During Diwali Week
Three points you will get to know in this article: Taking advantage of the joyful holiday spirit, the government-supported Open Network for Digital Commerce (ONDC) proudly logged an impressive 1.2 million transactions from November 6 to November 13, as revealed by exclusive ONDC data accessed by Inc42. Earlier this year, ONDC emphasized its aspiration for a daily transaction count of…