In a recent incidence, the food and drug administration (FDA) department of the Maharashtra government raided the premises of the Delhi-based online marketplace Snapdeal at Goregaon in Mumbai for selling prescription drugs such as Ascoril cough syrup and Vigora tablets. The organisation has further, asked the company to remove the listing of such drugs from the website.
Lets have a look at the important developments of the week:
Paytm now has 50 Mn Wallets, Facilitating Over 60 Mn Transactions Every Month
Paytm, India’s largest mobile commerce player, has recently announced that it now has 50 Mn wallets on its platform and further wants to take the number to 100 Mn by the end of this year. Paytm authorizes inter-wallet money transfers and wallet-to-bank transfers, wherein a customer can transfer the money stored in the online wallet to a bank account. Paytm clocks over 60 Mn transactions per month, with an average user transacting four times every month on its platform.
Tata Group Joins The Grocery Ecommerce War with the Launch of My247market
Tata Group has launched an grocery e-retail shop www.my247market.com, which is owned and operated by Fiora Hypermarket Ltd, a subsidiary launched by Trent in March 2014. The ecommerce platform include, fruits, vegetables, staples, meat, bakery and dairy products, along with packaged food, beverages, confectionery, baby care products, personal care products, home need products and pet care products among others. It currently delivers products to a small part of Mumbai and is expected to increase presence soon.
Godrej Nature’s Basket ties up with Amazon India
Godrej Nature’s Basket, the food retail branch of the Godrej Group, joined hands with the ecommerce giant Amazon, to sell its products through it. The partnership will offer India an easy access to a wide and unique selection of gourmet products. Godrej Nature’s Basket sells a varied range of gourmet products, including fresh fruits and vegetables, international cheese and cold cuts, bakery products, ice creams, desserts, fresh made-to-order party snacks and patisserie. Also, the company offers same day delivery in the five of its operating cities.
Housing.com is launching a INR 250Cr. Advertisement Campaign
Housing.com, an online real estate website is reportedly planning to spend around Rs.250 crore on advertising and marketing in the current year. They have already spent about INR 50-80 Cr. during the eight-week campaign, which ended last week. However, Housing is pacing up the campaign, which will mean few more newspaper jacket ads and a surfeit of billboards in seven cities.