Amazon India

Proposed ecommerce policy may recommend restrictions for differential and predatory pricing

To define flash sales and their duration to enable provision of a sunset clause

Suresh Prabhu to review proposed ecommerce policy this week

Three startup acquisitions took place in the Indian startup ecosystem

$442.13 Mn was raised by 15 startups across sectors including fintech, hyperlocal among others

Online food delivery company Zomato acquired TechEagle Innovations

Amazon India had earlier received $1.38 Bn in 2018

Amazon India is fighting Walmart-Flipkart for dominance in India

Amazon gets more product returns in India than in any of the 17 markets where it operates

Amazon India had reportedly channeled most of its B2B services through its main seller Cloudtail

Amazon India is expected to reach $70 Bn in GMV and $11 Bn in net sales by 2027

Amazon India uses its wholesale unit as a distribution channel that sources products from brands directly

The class of 2019 can expect huge job opportunities from ecommerce and startup

The hiring will happen across various sectors including operations, human resources, marketing, sales among others

This hiring boom may record the annual pay going up to over $41.2K

The US-based marketplace bumped up its expenses in its India unit to $1.55 Bn in FY18

The company’s legal expenses increased 47% to $157 Mn

Amazon India’s operational revenue noted an increase of 57% reaching $67.58 Mn

The expected round of funding may be raised from at least one new investor and existing investors

This funding may be used to expand its presence across the major metros in India

BigBasket’s future plans also include acquisition of smaller startups

The judgment comes after electric appliances maker Marc Enterprises accused Flipkart of trademark violation

The development comes at a time when Flipkart’s Diwali sale is round the corner

MarQ is Flipkart’s private label brand which sells appliances such as microwaves, refrigerators, LED TVs, etc

Close to 40% customers for ecommerce companies’ private labels portfolio came from Tier 3 and below cities for Flipkart

More than 82% new customers were from Tier 2 and below for Amazon India

India's e-retailing industry is expected to have more than 50 Mn online shoppers from Tier 2 cities alone by end of 2018

Paytm sale event ‘Mera Cash Back’ is scheduled to run from October 9-15

During the sale, customers will be able to buy certain products at lowest price between 8 am to 12 pm

Paytm Mall will also let the customers play games and win instant cashback vouchers

In September, South Delhi Municipal Corporation sealed a building in Vasant Kunj, New Delhi, housing Amazon’s delivery centre

An Amazon spokesperson told Inc42 that the company has moved its delivery operations to a nearby centre

Amazon had leased the facility and did not own it

Flipkart and Amazon India are starting their festive season sales from October 10

Paytm Mall received over 1 Mn orders within a single day of its ongoing pre-festive sale

Flipkart and Amazon are expected to spend $55 Mn (INR 400 Cr) in advertising between the two of them