Flipkart Ventures to fund, mentor GenAI-based early stage startups
Flipkart Ventures’ Flipkart Leap Ahead (FLA) programme accelerates early-stage startups with USD 200,000 to USD 500,000 equity investments, mentorship from industry veterans, and a focus on GenAI solutions for hyper-growth.
Flipkart’s supply chain head Hemant Badri to lead quick commerce business
Flipkart’s quick commerce, led by Hemant Badri, to launch in July with dark stores setup. Potential deals with Zepto and Dunzo didn’t progress. Swiggy integrates Mall with Instamart.
Fast-fashion giant Shein wants to sell skincare, toothpaste and toys, too
Known for cheap own-brand clothing and accessories, Shein is moving into other categories and has given brands and retailers access to its platform in nine European countries so far, having done so in the United States, Brazil, and Mexico last…
Sales glut, sweat and tears: For ecommerce, heat wrings out the worst of worries
Temperatures are a health hazard, erode delivery teams; companies are struggling to meet summer demand. Experts say extreme weather conditions will continue to drive unpredictability and increase absenteeism among gig workers.
Government push to help ONDC get shopfront on ecommerce sites
The Centre has asked Amazon and Flipkart to set up Open Network for Digital Commerce (ONDC) storefronts on their home pages to help the government-backed network scale up operations and assist with deliveries, said executives aware of the development. The…
Foreign e-commerce players circumventing rules to capture Indian market: CAIT
In February this year, the retail traders’ body had written to the CCI, seeking urgent steps in the Delhi Vyapar Mahasangh case involving the anti-competitive practices of Amazon and Flipkart.
Online retailer Shein is latest to face strict European Union digital regulations
The EU’s Executive Commission said it formally classed Shein as a “very large online platform” under the 27-nation bloc’s Digital Services Act, an expansive rulebook designed to clean up online platforms and keep internet users safe. Shein is a low-cost…
Inriver’s new CEO is a B2B ecommerce technology veteran
Product information management technology is crucial for distributing effective product content in successful B2B and retail ecommerce, so it’s no wonder that PIM vendor inriver has named another CEO with extensive experience in ecommerce technology. Rohit Goyal, CEO, inriver Rohit…
B2B ecommerce to help grow manufacturing, distribution sales in 2024
After only what can be called a lousy 2023 sales year for U.S. manufacturing and distribution, things are slowly looking up in 2024. And the comeback will be driven mostly by B2B ecommerce and transformation. In 2024, B2B ecommerce sales…
Joann to emerge from bankruptcy with no store closures
Joann Inc. announced court approval to exit bankruptcy proceedings just over a month after it initially filed for Chapter 11 bankruptcy. The financial restructuring agreement will allow all 815 retail locations to remain open and Joann will also continue to…
