Varun Aggarwal, The Economic Times Bengaluru, 28 May 2015 Paytm is set to allow 1,00,000 sellers from Chinese etailer Alibaba's online shopping portal AliExpress to start retailing on its platform in India from August, a senior executive at the mobile commerce company said. The Delhi-based company, which crossed $1.5 billion (about Rs 9,600 crore) in gross merchandise value (GMV) during the year till April end, expects an additional $1.5 billion from AliExpress business alone in the next six months. "According to our initial estimates, we'll be able to double our gross merchandise within six months with the help of AliExpress…
Varun Jain, The Economic Times New Delhi, 21 May 2015 Myntra.com, India's largest online fashion retailer, has seen a 10% drop in sales since it shut its website and turned a mobile app-only etailer last week. The company, owned by Flipkart, had factored in such a decline and hoped to return to the level of sales prior to the move in the coming weeks, according to a source. Its closest rivals, Snapdeal and Amazon, however, said they had no plans to wind up their websites and focus only on mobile phone users. "Our data shows that there are still many…
Varun Jain, The Economic Times New Delhi, 15 May 2015 Flipkart-Myntra, the country's largest e-commerce player, maybe busy moving to an app-only format, but its closest rivals Snapdeal and Amazon say they have no plans to shut down their websites and focus only on mobile. "Our data shows that there are still many customers who use PCs to shop online. We do not want to force our customers to use one specific medium to shop on Snapdeal," a Snapdeal spokesperson said. Akshay Sahi, customer experience head at Amazon India, too, said, "We believe that as a consumer-obsessed company, we have…
A seminar was organised on the 12th of May in Zeist (the Netherlands) on “the Opportunities & Challenges for Dutch (Semi-) Processed Food Companies in India”. Highlights of a report and other insights were presented by Devangshu Dutta, chief executive of Third Eyesight. Other entrepreneurs who also shared their experiences in India, and the Dutch agricultural counsellor, Wouter Verhey, was present at the event. The sessions included: Welcome and opening remarks by Wouter Verhey, Agricultural Counselor India & Sri Lanka at the Embassy of The Netherlands in New Delhi. The market for processed food in India by Devangshu Dutta of…
Geopolitical friction has again sparked renewed concerns over inflation and rising input costs for FMCG companies as @itmeansjustice @whysnavi write. @devangshu commented.
