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How are auto e-comm firms solving delivery challenges?

Inshorts · 3m ago

How are auto e-comm firms solving delivery challenges?

Timely delivery is critical in automotive e-commerce. Businesses are investing in supply chain tech like real-time inventory tracking, smart warehousing, and route optimisation to ensure faster order fulfilment. These upgrades are helping brands meet rising customer expectations and stay competitive.

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Amazon India’s e-comm and logistics arms set for merger

Entrackr

Entrackr · 4m ago

Amazon India’s e-comm and logistics arms set for merger

Amazon Seller Services will be the transferee, while Amazon Transport Services will be the transferor. The firm will also determine the share exchange ratio between the two firms, as assessed by PwC, the appointed registered valuer. New Update Amazon Seller Services and Amazon Transport Service are set to merge, according to two sources familiar with the matter, as reported by Entrackr. The e-commerce division has scheduled a meeting with its unsecured creditors on April 14. Amazon Seller Services was launched in India in 2013 as part of Amazon's expansion into the country’s e-commerce market. It operates as the marketplace arm of Amazon India, enabling third-party sellers to list and sell their products on Amazon.in. On the other hand, Amazon Transport Services (ATS) was launched in 2015 in India as Amazon’s logistics arm. It focuses on transportation, delivery, and supply chain management to support Amazon’s e-comm operations. Until now, both entities have operated independently to support Amazon's e-commerce operations in India. Amazon Corporate Holdings Pvt. Ltd. serves as their immediate parent company, while Amazon.com, Inc. (USA) remains the ultimate holding company. Amazon did not respond to queries sent on March 11 until the story was published. Last week, Amazon decided to shut down its refurbished platform Renewed for external sellers, citing increasing challenges. Entrackr was the first to report the development.

Through heat waves and rain fury, businesses navigate climate change

Livemint

Livemint · 1y ago

Through heat waves and rain fury, businesses navigate climate change

Corporations in Mumbai are adapting their contingency plans due to the increasing impact of climate change, such as heatwaves, heavy rainfall, and floods. One business house had to change the flights of its global team due to heavy rains in Dubai. E-commerce and food delivery companies in India, including Flipkart, Amazon, and Zomato, are taking steps to protect their delivery workforce during heatwaves. Recruitment firms are also facing challenges in getting workforce during extreme weather conditions. Climate change also affects consumer firms, like Nestlé, which predicts a reduction in suitable coffee growing areas.

Binny Bansal invests $20 Mn in e-comm OS startup ShopOS

Entrackr

Entrackr · 20d ago

Binny Bansal invests $20 Mn in e-comm OS startup ShopOS

Binny Bansal invests $20 Mn in e-comm OS startup ShopOS Bengaluru-based e-commerce tech startup ShopOS has raised $20 million in a funding round led by 3STATE Ventures, the investment firm founded by Flipkart co-founder Binny Bansal. The fresh capital will be used to scale product development, expand its engineering team, and onboard more e-commerce brands across global markets, ShopOS said in a press release. ShopOS is developing an AI-powered platform to help brands easily build and manage online stores. It uses an “AI workforce” to automatically create content like product descriptions, images, and videos, adjust store layouts for each visitor in real time, and run targeted marketing campaigns. The startup was founded by Sai Krishna V K and Ajay P V, who earlier co-founded Scapic, a tech platform acquired by Flipkart in 2020. After the acquisition, they helped launch Flipkart Labs, focusing on deep tech and AI in commerce. They are joined by Karan Sonawala, who previously led AI and immersive commerce projects at Flipkart. “The friction in content creation and personalization are significant drags on growth. Our previous startup journey taught us the importance of solving hard problems, and with ShopOS, we are focused on delivering what AI agents can truly do for brands. We are building from India for the globe and with this funding milestone, we wish to tap into the smartest AI minds in India to build the future of Commerce,” said the co-founders in a joint statement. ShopOS is targeting a global customer base with early adopters already onboarded in India, Europe, and the UAE.

Regulatory framework to push exports through e-comm likely by Sep: Comm Secy

YourStory

YourStory · 1y ago

Regulatory framework to push exports through e-comm likely by Sep: Comm Secy

The Indian government is set to develop a regulatory framework to boost the country's exports through e-commerce. Currently, Indian exports through this medium are only $5 billion annually, compared to China's $300 billion. The government sees great potential to increase these exports and aims to establish e-commerce export hubs near airports and ports. Small producers will be able to sell to aggregators who will then find markets and sell the products. The framework is expected to be ready by September, and there is a potential to reach $50-100 billion in the coming years.

Insurance industry can collaborate with telcos, e-comm, fintechs for deepening reach: LIC chief Siddhartha Mohanty

Money Control

Money Control · 8m ago

Insurance industry can collaborate with telcos, e-comm, fintechs for deepening reach: LIC chief Siddhartha Mohanty

LIC's CEO and MD, Siddhartha Mohanty, has suggested using e-commerce and telecom networks to distribute insurance policies in order to reach more people. He believes that collaborating with non-traditional players like telecom companies, fintech firms, and e-commerce platforms can significantly increase outreach to remote and underbanked communities. Mohanty emphasized the need to adopt new approaches and leverage digital technologies to make insurance more customer-friendly and accessible to all. He also called for better retirement solutions and partnerships between public and private entities to achieve this goal.

Govt issues draft self-regulation rules for e-commerce firms

Inshorts · 5m ago

Govt issues draft self-regulation rules for e-commerce firms

The Bureau of Indian Standards has issued draft guidelines for self-governance of e-commerce platforms. The 'E-commerce-Principles and Guidelines for Self Governance' covers the pre-transaction, contract formation and post-transaction stages of e-commerce operations. The draft mandates e-commerce firms to perform strict KYC of all sellers and timely notify customers of product delivery.

90% of CEOs want to invest in GenAI but 70% don't know how: Aarav Singhal of BCG

Livemint

Livemint · 1y ago

90% of CEOs want to invest in GenAI but 70% don't know how: Aarav Singhal of BCG

The majority of CEOs are eager to invest in generative AI (GenAI), but are unsure about how to proceed, according to Aarav Singhal, managing director and partner at Boston Consulting Group. Singhal stated that while 90% of CEOs see GenAI as a priority for 2024, 70% of them feel they are not doing enough. Singhal emphasized the need to focus on scaling and solving key challenges, and highlighted the three ways GenAI can deliver value: increasing productivity, reimagining processes, and transforming business operations. He advised businesses to emphasize the transformation of people and operations, rather than solely focusing on technology.

Inspiring Entrepreneurs Leading India’s Startup Renaissance

VCCircle

VCCircle · 7m ago

Inspiring Entrepreneurs Leading India’s Startup Renaissance

India's startup ecosystem is experiencing a renaissance, driven by visionary entrepreneurs who are reshaping industries and driving innovation. These trailblazers are not only building successful businesses, but also transforming traditional sectors and inspiring the next generation of entrepreneurs. From fintech and healthcare to sustainability and defense, these leaders are creating new markets and solving real-world challenges. Their relentless determination and commitment to innovation are helping India emerge as a global hub for startups. Some of the inspiring entrepreneurs leading this revolution include the founders of Flipspaces, Pick'n'Treat, Viva Money, OnGrid and e-Locker, LinkOMed, Urja Mobility, Dentalkart, Alike.io, Ammunic Systems, NeoFinity, and Readily Mobility.

India Drug, Auto Exporters See Limited Impact of US Tariffs

Livemint

Livemint · 4m ago

India Drug, Auto Exporters See Limited Impact of US Tariffs

Indian exporters in the automobile and pharmaceutical sectors expect limited impact from potential US tariff hikes proposed by President Trump. Industry leaders believe other Asian competitors would face similar challenges, allowing Indian firms to remain competitive. Pharmaceuticals, particularly generic drugs, are expected to see minimal effects. Auto industry leaders also foresee limited repercussions, as current import duties on US components remain low. A potential trade deal between India and the US might further mitigate tariff impacts.

E-sports to be the next big bet

Livemint

Livemint · 1y ago

E-sports to be the next big bet

Online sporting events, specifically e-sports, are becoming a lucrative revenue opportunity in India as the gaming sector gains popularity. With the second edition of Battlegrounds India Master Series (BGMS) and the ongoing Global e-Cricket Premier League (GEPL), e-sports events have seen substantial participation and significant prize money. Industry experts anticipate significant business opportunities for gaming firms over the next five years due to the large base of young users in India and the growing affordability of mobile phones and internet data. However, challenges such as limited spending propensity and a less mature domestic market persist.

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