Online Business - News, Interviews, Articles, Opinion, Reviews.
Looks like Mahindra is getting more serious about online retail. After Mom & Me and Beanstalkshop, now MahindraFirst Choice Wheels Ltd. (MFCWL) is also planning to launch a virtual marketplace for used cars in January next year, reported Business Standard. Rajeev Dubey, president, HR, after-market & corporate services, Mahindra & Mahindra Ltd, and member of the group executive board, said, “The Virtual marketplace for used cars is likely to be operational by January next year. … [Read more...]
The Indian eCommerce industry is experiencing massive growth. The online commerce market grew at 41%, the fastest among emerging nations. Current online penetration is close to 10% of population. Interestingly India has an almost gender neutral penetration of internet with 40% online usage among women. 75% of internet usage is from the 15-34 years category. This makes India as one of the youngest online user community. The age group of 15-24 years is the fastest growing segment within the … [Read more...]
Recently Google India released annual Zeitgeist which revealed some unique facts about online penetration in India based on searches conducted in the country. In Karnataka e-commerce has emerged as the fastest rising category, Flipkart tops the top searched ecommerce websites and Makemytrip topped in top searched travel websites. Like every year, this year also Zeitgeist offered a unique perspective on the major events and hottest trends, Google India announced its annual Zeitgeist, a look at … [Read more...]
Times Internet, part fo the The Times of India Group, has made a 7 figure investment in New York-based e-commerce company Fab.com, though the amount is undisclosed. As part of this investment Fab will be working with Times Internet to explore and execute its India market strategy in the coming years. The investment was fostered by Satyan Gajwani, Times Internet Group CEO. Jason Goldberg, CEO Fab.com on his blog mentioned, “I have been working with Satyan for several months now and he been … [Read more...]
India is booming since nearly half a decade in Ecommerce ventures and is growing fast with extraordinary top line results for companies like Flipkart, Jabong or Myntra. There are multiple dozens to follow who are trying to achieve revenue growth in multi category retail, specialist retail or niche markets. Nearly all big and small E's are subsidized, having double or triple funding’s, running after an insourced service story for order baskets of INR1500 or less. The cost structures are … [Read more...]
www.indiebazaar.com is an online portal that allows independent designers and artists to set up free online stores and sell their products to markets all over India. It brings together a new breed of independent artists, designers and musicians and provides them with a profitable outlet for their creativity. Talking about Indiebazaar, co-founder Ankit Tulsyan says, “In a market choking on mass manufactured goods, we are trying to win back for the average consumer the option to experience … [Read more...]
Google India Partnered with several ecommerce companies organized “Great Online Shopping Festival 2012”, later this week; this event gave an opportunity to Indian consumers to purchase products on discounts offered by the various ecommerce companies partnered with Google India for GOSF. Google India partnered with more than 90 ecommerce sites to provide discounts and offer deals to the customers. Some of the partnered sites included, Myntra, Flipkart, Ebay, Indiatimes shopping, Infibeam, … [Read more...]
Today, the market place is flooded with several e-commerce options for shoppers to choose from. A variety of innovative products and services are being offered spoiling customers for choice. Online shopping is no more a privilege enjoyed by your friends and family living in the US or UK. Today, it is a reality in India. In the last couple of years, the growth of e-commerce industry in India has been phenomenal as more shoppers have started discovering the benefits of using this platform. There … [Read more...]
The rules for successful commercial ventures are well documented and extensive. The rules for E commerce are not very different. To succeed you need to work wonders in every sphere – but make sure you get a devils grip on the 3 MUSTS: MUST1: Build a strong consumer proposition Think carefully about what you are going to sell. You may want to sell products that you manufacture yourself or products that you buy in and sell on. Crack the “why should the consumer buy our product/service … [Read more...]
Reliance Brands Limited, a wholly-owned arm of Reliance Industries, seems getting serious about its plans of getting into the e-commerce Business and is expected to foray into e-commerce space soon. Recently Reliance Brands Limited has appointed Cleartrip’s COO P K X Thomas as its CIO - ecommerce. Founded in 2007, Reliance brand has completed its 5 years in September. Reliance Brands Limited is dedicated to bringing iconic international brands to India and elevates the world of fashion & … [Read more...]
Internet search giant Google has launched India’s own version of 'Cyber Monday', or ‘Black Friday’ where products will be sold online within a day to encourage e-commerce sales in the country, the day is scheduled on 12th December 2012 as Great online shopping festival. Apart from Google, Citibank has also planned to offer discounts within a time frame of 24 hours on 5th December reported The Economic Times. Google India has partnered with around 50 sites, unlike Citibank, Google is … [Read more...]
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