Archive by month March
If you have a Facebook page for your business, chances are that you have already felt the buzz surrounding the latest Facebook display program – Timeline.
The growing Internet base in the country, with more than 121 million Internet users is highly encouraging. This trend has a direct correlation in the growth of e-commerce in the country.
RainingClouds Technologies Pvt Ltd, a tech start-up has raised a seed funding of Rs 1 crore ($0.2 million) from One97 Communications, which has acquired 26 per cent stake in the company.
Shopclues registers 22x growth since launch, claims 60% orders from tier 2 cities and < 2% COD returnsLeave a Reply
ShopClues.com, India’s first managed marketplace has witnessed rapid growth,registering 22X growth in traffic and revenue since its web debut.
Delhi based Excluzen.com, a premium lifestyle goods and services company has launched its beta version in January 2012. The company aims to target the high-end consumers in India and offers exclusive, tailor-made as well as personalized experiences to its members.
With the growth of online retail in India, e-tailing of Grocery & FMCG products has also risen. Familykart.com, a Delhi based online grocery retailer has experienced rapid growth and claims to add 30000 unique visitors every month.
“Customer service starts with the premise that the customer is always right” – Nagarjun Shrivastava, Co Founder, ladyblush.com3 Comments
Consumer’s satisfaction is one of the most important aspects of any retail business and it is critical for online retail in India as the industry is in a nascent stage and consumers lack trust in this medium.
Retailing of Grocery and FMCG items in online space is on the rise with the launch of various sites dedicated to Grocery and FMCG products.
“Under-capitalization is one of the major reasons why start-ups fail”, Karan Mohla,Senior Associate Investment Professional, IDG VentureLeave a Reply
The interest of venture capitalfirms in e-commerce start-ups continues to be high with investors backing start-ups with potential.
In Union Budget 2012-13, Finance Minister Pranab Mukherjee in his speech has made the announcement to put in place Goods and Services Tax (GST) by August 2012.
SkillKindle, an online marketplace for students and teachers has raised angel funding from i3 Consulting. SkillKindle was started in 2011 by Tanuj Choudhry, formerly at Winning Edge Education and a consultant at McKinsey.
“We are India’s largest horizontal classifieds company with well over 2 crore monthly users across 65 cities” – Pranay Chulet, CEO, Quikr.comLeave a Reply
Online classified market has been experiencing significant growth from past few years and slated to grow faster over coming years primarily due to increasing internet penetration, simplicity in usage and being a better suited platform for a larger set of consumers across the country.
Zivame, an online lingerie store has raised an undisclosed amount in its Series A funding from IDG Ventures and Indo-US Venture Partners.
“Lack of clear regulatory or taxation frameworks for e-commerce players is a challenge for future online retailing”, Harneet Singh, Founder and Head, Carkhana.comLeave a Reply
While Indian ecommerce industry has been catching the attention of entrepreneurs across different sectors ranging from banking, retail, education, insurance and financial services, automobile sector is not left behind and being targeted by many companies, one of the recent ones being – Carkhana.com.
Bangalore based company in Home Ladders and Convenience Products, Bathla Aluminium launches online store bathladirect.comLeave a Reply
Bathla Aluminium, a company in its business segment home ladders and convenience products, has launched bathladirect.com, an online store to enhance levels of penetration to Tier II/ Tier III towns.
Donebynone.com, a women centric fashion e-tail store led by, one of the global veterans in international trade and space, Vijay Mishra former Director Brands at TCNS Clothing Company, has launched its beta version.
As I write this article there are probably some more eCommerce portals that are on the verge of going live.
And someone who has been part of this industry for a decade feels good about the fact that we are on the verge of getting out of the shell albeit we seem to be getting into the woods.
“So much goes into building a brand for long term viability with quality versus developing an aggregator or a deep discount shop”- Sandeep Singh, Co-founder & Coo,Freecultr.comLeave a Reply
Amongst all the categories in Indian etail space, apparel seems to be gathering considerable steam at both business as well as consumers’ end.