Written By Deepti Chaudhary More than 400 million Indians had access to cashback and EMI offers on Amazon.in. (Photo: iStock) Bengaluru: The ongoing festive season sales have turned to be the latest battleground for India’s top two online retailers to achieve supremacy of this fast-expanding market. Walmart-backed Flipkart and Amazon India have both claimed record sales on the first day of sales on the back of strong demand from cities beyond the major metros. Flipkart’s The Big Billion Days (TBBD) started on Saturday night (8pm), while Amazon India’s Great Indian Festival sales began on Saturday noon for Prime subscribers and…
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Realising that sourcing within India helps cut costs, Uniqlo established an office in Bengaluru in 2016 to identify and work with partner factories in India. The company currently procures cotton fibre from India, as a result. Written By Venkata Susmita Biswas The Indian retail landscape is abuzz with East Asian retailers. The likes of China-headquartered retailer Miniso, Korean lifestyle brand Ximiso, and Japanese retailer of household and consumer goods, Muji — all known to be low-cost retailers — have set foot in India to grow their businesses. Besides, Japanese apparel retailer Uniqlo, known to make functional clothing, is set to…
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Experts say the vernacular market in the country presents a massive opportunity for e-commerce players. As per a recently released report by RedSeer Consulting, there are 530 million internet users in India, of which 260 million users are ‘monetisable’. Written By Devika Singh E-commerce major Flipkart recently launched its Hindi interface, allowing for its products across platforms (website and app) to be browsed in the language. Amazon, too, now offers Hindi browsing options on its website and iOS app; last year, the global e-commerce behemoth had introduced Hindi on its mobile site and Android app. These efforts are an attempt…
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Written By ETech Startups and technology companies have welcomed the government’s move to cut corporate taxes. The announcement by finance minister Nirmala Sitharaman on Friday could provide an incentive for many startups to move towards profitability, industry insiders said. “This move will reduce the divergence between capital gains tax and corporate tax substantially, thereby creating an incentive structure for many startups to look for profits,” said Nithin Kamath, chief executive officer, Zerodha, one of the very few large profitable startups from Bengaluru. Many investors in startups sell their stakes at a higher valuation and only pay a lower capital gains…
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Other popular online-first fashion private labels such as StreetStyleStore (SSS) and StalkBuyLove, which were initially operating only out of their own platforms, are also now selling products on Myntra. Written By Devika Singh In the competitive fashion e-tailing segment, smaller e-tailers and online-first private labels are now flocking to the sector’s mega marketplaces in order to survive. Consider how fashion marketplace Voonik, which has pivoted its business model to become a fashion brand, recently launched 350 products on Snapdeal. The start-up also plans to introduce its products on Amazon and Flipkart-owned Myntra. Similarly, premium work wear brand FableStreet started selling…
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