India planning tighter FDI rules for e-commerce sector
FDI Rules for E-Commerce: DPIIT may issue a clarification through a Press Note, expressly prohibiting e-commerce platforms — such as Amazon India and Walmart-Flipkart — from holding stake in a seller, directly or indirectly.
2 Delhi engineers launch Commercial Vehicle Aggregator App "GARRUD" to tap USD 215 bn logistics market
Battered by lockdown, how small businesses used the world’s largest messaging platform to bounce back
For a large number of the country's mic...
'E-commerce retail market expected to cross USD 100-billion mark by 2024'
The rise of online fresh groceries sales along with growing numbers of prepared food delivery companies entering this space could propel category growth by five times in the next five years, according to the paper jointly prepared by global professional services firm Alvarez & Marsal (A&M) India and CII Institute of Logistics.
Cataloging startup Text Mercato gets Rs 4.85 crore in funding
Text Mercato aims to disrupt the multi-department and multi-role problem of listing and marketing a product into one single seamless process by focussing on end-to-end stacks, single sign-ons, central management and scale across languages.
Flipkart launches its startup accelerator program Flipkart Leap
Flipkart Leap will identify B2C and B2B startups and will conduct a 16-week virtual program.
Retailers go online, where all the action now lies
This focus on online sales--in addition to physical stores and online marketplaces like Amazon--is in turn pushing logistics and supply chain companies to upgrade their warehouse management systems to something known as the omnichannel modes, and also invest more in last-mile connectivity to customers.
Gautam Narang’s self-driving vehicle startup, Gatik, is changing Walmart’s e-commerce economics
Gatik has so far done more than 18,000 autonomous orders and these are revenue-generating orders. We have done more than 50,000 revenue-generating autonomous miles.
B2B firms exempted from using only BHIM, RuPay for accepting payments
The relaxation has been issued for B2B companies, “If at least 95% of aggregate of all amounts received during the previous year, including amount received for sales, turnover or gross receipts, are by any mode other than cash,” the Central Board of Direct Taxes clarified on Wednesday.
Ratan Tata invests in Generic Aadhaar to bring affordable medicines to masses
Generic Aadhaar follows a pharmacy-aggregator business model sourcing generic drugs directly from the manufacturer and providing it to the retailers.
We continue to be positive on B2C and consumption space: Shreyas Devalkar, Axis Mutual Fund
As more cash comes into the hands of rural India, that, along with various measures taken by the government on various policy fronts should lead to rural demand coming back in this calendar year or even sooner, says Shreyas Devalkar, Senior Fund Manager, Axis Mutual Fund.
Ambani's Reliance to buy majority stake in Google-backed Fynd
Two home-grown tech startups find their suitors.
RIL investment unit buys stakes in Grab, C-Square
Reliance’s interest in Grab A Grub, which provides technology-enabled, asset light logistics services for various verticals.
Fintech, B2C startup funding grows 6x
A sizable portion of the investments last month were grabbed by Paytm Mall ($445 million). Varthana, which offers financial support to affordable private schools, raised $54 million from a group of investors including ChrysCapital, Omidiyar Network and others.
Diversification is next logistics move for slump-hit B2C firms
Players like Delhivery, Xpress-Bees, and Loadshare have extended their offerings to the B2B segment, currently dominated by the likes of Rivigo and Blackbuck.