No slowdown in web commerce, a product of Covid era, even after Covid is long gone
A whole array of products, from the humble cookie and other daily munchies to pocket-pinching discretionary items such as television sets and refrigerators, are selling on ecommerce sites with frequencies similar to or higher than those through the lockdown days,…
Jumbotail raises Rs 151 cr in equity; aims to end fiscal at Rs 2500 cr GMV
Jhina shared that Jumbotail is aiming to close the financial year 2024 at a GMV of 2,500 – 2,600 crore, with a 50 per cent increase in net revenues. In FY23, the B2B e-tailer’s revenue stood at Rs 819 crore…
VTEX grows revenue and GMV in Q4 with new B2B customers
VTEX reported revenue and gross merchandise value (GMV) both increased in its fiscal fourth quarter. The global enterprise digital commerce platform exceeded its projections for the period, it said in a statement. The London-based company’s results also offered a glimpse…
6 Ways Artificial Intelligence Is Revolutionizing E-Commerce
AI is swiftly and significantly transforming the retail landscape and everything within it. Here are six AI trends and how e-tailers can capitalize on each. The post 6 Ways Artificial Intelligence Is Revolutionizing E-Commerce appeared first on E-Commerce Times.
Retailers struggle with basics for generative AI
Although the overwhelming majority of retailers (93%) report using genAI in some form to improve in-store and online CX, many are struggling with access to siloed data. Only 17% think they have a unified view of the customer, while almost…
Urban Company partners with Blinkit to deliver its water purifiers
The water purifiers from Urban Company will delivered within 30 minutes via Blinkit and subsequently be installed in three hours. This service was started on Sunday in parts of Delhi NCR, Mumbai, Bengaluru, Kolkata and Hyderabad.
Flipkart valuation declines by over Rs 41,000 crore in two years
The valuation of the ecommerce firm declined to $35 billion as of January 31, 2024, from $40 billion in the financial year ended on January 31, 2022, as per Walmart’s change in equity structure in Flipkart.
How Essity is driving a worldwide B2B ecommerce experience
Essity is investing in digital commerce in a big way, in the United States and worldwide. The multibillion-dollar manufacturer is behind such brands as Tork, TENA, Leukoplast and Jobst. The company is responding to its global customers’ shift to online…
Binny Bansal eyes big game again post Flipkart exit
Bansal, who sold his remaining stake in Flipkart last year netting about $650 million, has made about $25 million in additional investment in Curefoods as part of a funding round of $60 million. This lifted his stake to 18% from…
Amazon Business expands into Mexico
Amazon Business is now open for business in Mexico. Marking its latest international expansion, the B2B-focused face of Amazon announced the launch with related features and plans on March 13. As a result, Mexico becomes the tenth country in which…
