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India’s new draft e-commerce policy to rein in related parties
The government is looking at extending restrictions placed on large ecommerce marketplaces such as Amazon and Walmart-owned Flipkart to their associates and related parties, to curb alleged circumvention of foreign direct investment (FDI) norms and anti-competitive activities by these players.
India’s e-commerce market projected to touch $111 billion by 2024.
The report found that growth in India’s e-commerce market will be driven by mobile shopping which is projected to grow 21% annually over the next four years.
E-commerce is fast becoming the default option for shopping in India
E-commerce is fast becoming one of the most preferred modes of shopping in India, buoyed by increased customer adoption over the last 12 months due to the Covid-19 pandemic, a new survey shows. Despite the opening up of local markets, retail stores and malls over the past few months, the findings of the survey by community platform LocalCircles show that consumers who used ecommerce services during the past year are continuing to use them.
E-commerce growth spurs new funding for on-demand warehousing tech
On-demand warehousing and fulfillment software provider Flowspace has snagged a $31 million investment from venture capital firms wanting to tap into the growth in e-commerce that portends more need for flexible goods storage space for retailers and manufacturers. It brings the amount invested in Los Angeles-based Flowspace to $46 million as the company seeks to build its network of warehouse and fulfillment centers, primarily to enable e-commerce brands to scale.
Lockdown proved inflection point for e-commerce in India
The Indian e-commerce market has been one of the biggest beneficiaries of the pandemic, as containment measures introduced millions to the convenience of online shopping, and prompted seasoned online shoppers to buy more.
Over 30,000 sellers sign up for CAIT-backed desi e-commerce platform 'Bharat eMarket'
Over 30,000 sellers across India have registered on the vendor onboarding mobile app launched by CAIT on Thursday for its upcoming e-commerce portal 'Bharat eMarket',
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