Startup narrative will change from funding and GMV to profit: Mukesh Bansal
If you are in business, the issue of profitability is going to catch up with you eventually. All businesses exist for generating profits. All valuation models are eventually built on profit, earning multiples.
Payback in talks with grocery, cab hailing, OTT platforms
According to Payback officials, the platform has a GMV exceeding Rs 1 lakh crore, w...
Grofers loss widens to Rs 448 cr in FY19, co says on track to double GMV to Rs 5k cr in FY20
Grofers, which competes with the likes of BigBas...
Flipkart and Amazon clock Rs 31,000 crore in festive sales
The average order value for Flipkart stood at Rs 1,976 versus Rs 1,461 on Amazon, indicating that customers bought higher-value items from the Walmart-owned marketplace. Flipkart led with 64% share of the combined gross sales while Amazon continued to fare higher in net promoter score (NPS). NPS measures the loyalty of customers to a company.
Grofers says on track to hit Rs 550 crore monthly GMV
Data shows that most of Grofers’ orders are coming from less-affluent neighbhourhoods across the country.
As slowdown raises questions, 'Bharat' may prop-up sales for Amazon, Flipkart
For the festive month, sales might cross Rs 45,000 crore which is 60-65% growth from last year.
Paytm aims USD 2-3 bn GMV from educational services portfolio
Under the enhanced portfolio, the ecommerce firm will bring in products like insurance for tuition fee, loans, co-branded smart debit cards, test-taking platforms, among other services.
Paytm invests Rs 250 crore to boost its travel business
The company claimed that it sells more than six million travel tickets every month and is targeting to grow by 100 per cent in the current financial year.
WaterBridge Ventures, Info Edge invest Rs 11 crore in ShoeKonnect
Cofounded in 2015 by Siddharth Vij, Chaitanya Rathi, Shubham Agrawal and Siddharth Rastogi, it raised its first funding of Rs 95 lakh within a year of operation from IAN.
Droom invests Rs 50 crore to set up AI Lab
The company has been working at heavily using technology in areas like customer support, where a large part of the interactions are done by chatbots.
Amazon overtakes Flipkart with $7.5 billion GMV
But when its fashion units Myntra and Jabong are included, Flipkart is neck-and-neck with Amazon India.
Mobiles are no longer first port of call for etail numbers
Demand saturation, reduced discounting and policy changes pull down mobile category’s contribution to etailers' GMV in the first quarter.
Ixigo eyes Rs 1812 crore GMV this fiscal
The projections come even as the country’s two largest online travel operators, Nasdaq-listed Make-MyTrip and Yatra, recorded strong numbers for the three months ended September 30.
Non-fashion private labels are 13% of Flipkart’s GMV
The company’s private labels are also attracting new customers with 12% making their first ecommerce purchases, said Adarsh Menon, vice-president of private labels for nonfashion categories at Flipkart.
Why ecommerce companies found no mileage in vehicle selling
In the last few years, there has been a perceptible shift in the strategy of these auto players which have slowly graduated to displaying their upcoming launches on their own online sites.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service