Switching to e-commerce?

Thinking of switching to online retail or e-commerce? Read these first and know the problems faced E-commerce is trending but what seems like a “low-investment-fast-growth” business idea to entrepreneurs might not be an accurate assumption. Treat this not as discouragement to start something new, but as a caution note from a person who has faced/seen […]

E-commerce in India – Version 3.0?

  Flipkart‘s successful raising of $200 million (about Rs 1,200 crore) in its fifth round of funding could well mark the launch of version 3.0 for India’s still fledgling but rapidly maturing e-commerce activity. The timing of this announcement could not have been more propitious since till just before this event, there were growing legions […]

Many casualties in modern retail as clicks kill bricks

Ahmedabad: While the number of online shoppers in India is expected to go up to 3.80 crore by 2015 and e-commerce would grow to $24 billion, in the last five years e-retailing has adversely affected some categories due to increasing preference for online retail. Brick-and-mortar retailers which so far sold books, music, gift items, mobile […]

Shopping through smartphones on the rise: study

An online study among smartphone users has found that 65 per cent of them use their phones to make a retail purchase, and 81 per cent of them frequently use social media to seek advice before making a purchase. As many as 78 per cent of smartphone users also frequently use their phones in a […]

Flipkart launches payment gateway solution for merchants

Flipkart, India’s largest e-commerce company has launched its own payment gateway service called PayZippy. The current version of PayZippy will only power card payments for websites and mobile sites of Indian merchants. The company however said it would soon launch a larger customer-centric payment gateway solution. “This launch is a pre-cursor for a larger customer-centric […]

ShopClues celebrates achievement of 10,000 Merchants

ShopClues, a managed marketplace, hosted its Seller Summit in New Delhi. Nearly 150 merchants representing over 65 listing categories attended this Seller Summit.  The idea behind the Seller Summit was to celebrate the success merchants have achieved on ShopClues marketplace platform.  In January 2012, ShopClues had close to 10 merchants and by end of May […]

New norm to hit e-commerce firms, cash-and-carry chains in India

New Delhi: Indian e-commerce companies and so-called cash-and-carry or wholesale chains such as Bharti Walmart Pvt. Ltd may have to restructure their operations after the industry department on Monday issued a new definition of “group companies”. If a company is able to exercise direct or indirect voting right of at least 26% or appoint at […]

Myntra.com eyes Rs 800 cr turnover in 2013-14

Portal for fashion and lifestyle products Myntra.com today said it is aiming to double turnover from e-commerce business to Rs 800 crore this fiscal by investing in brand promotion and penetrating in smaller cities. “We are targeting to double our turnover from Rs 400 crore in 2012-13 to Rs 800 crore in 2013-14,” portal’s co-founder […]

Flipkart allows third-party sellers on its website

In a bid to bring independent sellers and buyers together, Flipkart Online Services Pvt. Ltd., which runs India’s biggest online shopping portal flipkart.com has launched Flipkart Marketplace. It will virtually bring sellers and buyers at one place from where they can do the transaction. This will mean that a third party merchant can sell his […]

Baby products retailer Prowl Germany to invest Rs.600 cr in India

  Mumbai: Prowl Germany UG, a multi-brand retailer of baby products, plans to invest Rs.600 crore in India in the next 4-5 years to set up a manufacturing plant and a chain of stores, said a senior company executive.   The company formed a distribution partnership in January with Kochi-based Zaal Commercial Pvt. Ltd for […]