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India's Rapidly Growing E-Commerce Market A Boon for MSMEs

Business Bytes

Business Bytes · 1y ago

India's Rapidly Growing E-Commerce Market A Boon for MSMEs

India's rapidly growing e-commerce market is proving to be a boon for Micro, Small, and Medium Enterprises (MSMEs). With a rapidly expanding internet user base and increased smartphone adoption, e-commerce platforms are providing new sales channels and expanding the market reach for MSMEs. The COVID-19 pandemic has further accelerated the adoption of e-commerce, as lockdowns and restrictions forced businesses and consumers to shift to online shopping. This presents significant opportunities for MSMEs to thrive in the digital age and compete effectively in the evolving e-commerce ecosystem.

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DTDC Express expects ecommerce vertical to account for around 50% of total biz - The Economic Times

Economic Times

Economic Times · 11d ago

DTDC Express expects ecommerce vertical to account for around 50% of total biz - The Economic Times

DTDC Express anticipates its e-commerce segment to constitute 50% of its business, with its new rapid commerce vertical, Raftaar, promising 4-6 hour deliveries. The company plans to open 125 dark stores in the coming months to meet increasing demand for quicker delivery services. This aligns with India’s rapidly growing e-commerce market, where consumer expectations increasingly favor expedited delivery. Currently, e-commerce represents 16% of DTDC’s business, expected to rise to 23-24% in the next few years.

Chinese ecommerce leaders brush off regulatory risk to continue 'instant retail' price war - The Economic Times

Economic Times

Economic Times · 1m ago

Chinese ecommerce leaders brush off regulatory risk to continue 'instant retail' price war - The Economic Times

China's leading e-commerce platforms, including Alibaba, JD.com, and Meituan, are engaged in an intense price war over "instant retail," offering rapid deliveries despite regulatory concerns. This strategy aims at securing long-term market dominance, utilizing AI and automation, despite state criticism. The approach, criticized for potentially causing deflation and creating unsustainable competition, reflects the platforms' focus on future profitability. The instant retail sector is rapidly growing, potentially surpassing traditional e-commerce in sales by 2030.

Amazon India may roll out recyclable paper packaging

Livemint

Livemint · 1y ago

Amazon India may roll out recyclable paper packaging

Amazon is considering introducing recyclable paper packaging innovations to India in an effort to reduce plastic usage in its deliveries. The company has been researching and experimenting for years to find solutions to deliver products with paper packaging. The move is part of Amazon's broader initiative to eliminate plastic packaging. India's rapidly growing e-commerce market makes it an important marketplace for Amazon to bring such technology. The company is currently evaluating the potential of introducing this technology in India, but specific timelines have not been provided.

India's quick-commerce sector made two-thirds of all 2024 e-grocery orders, report says

VCCircle

VCCircle · 5m ago

India's quick-commerce sector made two-thirds of all 2024 e-grocery orders, report says

India's quick-commerce sector dominated e-grocery orders in 2024, capturing two-thirds of the market and growing to $6-7 billion, according to a Bain and Flipkart report. Key players like Blinkit helped the sector account for a tenth of overall e-retail spending. Expected to grow 40% annually until 2030, the sector faces profitability challenges and competition from larger e-commerce entities. Industry experts remain skeptical, with some predicting the current growth surge may be short-lived.

India's quick-commerce sector may struggle to maintain current growth, Blume Venture's report says

Economic Times

Economic Times · 6m ago

India's quick-commerce sector may struggle to maintain current growth, Blume Venture's report says

India's quick-commerce sector, which rapidly grew to a $7.1 billion market by 2025 from $300 million in 2022, may face growth challenges outside major cities amid intensifying competition from large e-commerce players like Flipkart and Amazon, according to Blume Ventures. While quick-commerce firms like Blinkit, Zepto, and Swiggy Instamart saw significant order value increases, they might soon encounter slowing user growth and regulatory scrutiny that could impact their profitability and influence the local grocery ecosystem.

ETtech Exclusive | Amazon set to roll out its quick commerce service next year: sources

Economic Times

Economic Times · 1y ago

ETtech Exclusive | Amazon set to roll out its quick commerce service next year: sources

Amazon is reportedly planning to launch its quick commerce service in India in the first quarter of next year. The e-commerce giant has assigned a senior executive to develop the quick commerce strategy, recognizing the importance of this growing segment. Talks are also said to be ongoing for Amazon's potential stake acquisition in food delivery company Swiggy. The company aims to offer 20-30 minute deliveries, catching up with rivals who have already entered the quick commerce market. Estimates suggest India's quick commerce market could be worth $6 billion by 2025.

India's ecommerce payments to surge by 23.8% in 2024: GlobalData

Economic Times

Economic Times · 1y ago

India's ecommerce payments to surge by 23.8% in 2024: GlobalData

India's e-commerce market is set to experience significant growth, with a projected surge of 23.8% in 2024. This expansion is driven by the increasing preference for online shopping and robust internet penetration across the country. The value of India's e-commerce market is expected to reach Rs 24.1 trillion (USD 292.3 billion) by 2028, with a compound annual growth rate of 18.7%. Factors such as rising internet and smartphone penetration, the popularity of alternative payment methods, and government initiatives supporting SMEs contribute to the promising future of India's e-commerce sector.

Flipkart dominates with 48% market share, Meesho emerges as fastest growing

Livemint

Livemint · 1y ago

Flipkart dominates with 48% market share, Meesho emerges as fastest growing

According to a report by AllianceBernstein, Flipkart, Walmart's subsidiary, holds a dominant 48% market share in India's e-commerce sector. Meesho, backed by SoftBank, emerged as the fastest-growing e-commerce platform with a 32% growth in its user base. Flipkart experienced a robust 21% year-on-year growth, outpacing its competitors. The report also highlights Flipkart's strong presence in the mobile and apparel categories, while Meesho's success is attributed to its focus on Tier 2 and smaller cities.

SoftBank-backed Delhivery locks horns with Warburg-backed Ecom Express over IPO filing

VCCircle

VCCircle · 12m ago

SoftBank-backed Delhivery locks horns with Warburg-backed Ecom Express over IPO filing

SoftBank-backed logistics company, Delhivery, has accused its rival, Warburg Pincus-backed Ecom Express, of providing misleading data in its IPO prospectus. Delhivery argues that Ecom's reported shipment volumes and calculation of cost per shipment are flawed and potentially inflated. Delhivery raised concerns about discrepancies in Ecom's service EBITDA calculation and pointed out a factual inaccuracy regarding the number of pin codes covered by Ecom's services. The allegations highlight ongoing competition among logistics companies in India's rapidly growing e-commerce sector.

Amazon, Flipkart generate Rs 8,705 crore ad revenue in FY23

Economic Times

Economic Times · 1y ago

Amazon, Flipkart generate Rs 8,705 crore ad revenue in FY23

Amazon and Flipkart, two of the biggest players in India's e-commerce sector, have reportedly generated a combined revenue of Rs 8,705 crore ($1.2 billion) from digital advertising in fiscal year 2022-23. This indicates the growing importance of ad revenue for these platforms as they continue to expand their reach and offerings to the Indian market.

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