Ecommerce

The grand challenge started on October 1 and will go on till October 22

Purpose of organising the challenge is to reward startups, individuals to develop design solutions: DPIIT

Startup winning the challenge would be entitled to a cash prize of INR 3 lakh

Leo Capital, Surge, Sequoia India are existing investors and advisors for the company

BulBul app was founded by former MakeMyTrip and TrulyMadly founder

BulBul app has recorded GMV of INR 15 Cr

At a meeting, CAIT has alleged that ecommerce companies have violated FDI norms

The meeting was chaired by Shailendra Kumar, DPIIT

Whoever is giving deep discount must be flouting one or the other law or policy - CAIT

Flipkart is one of India’s biggest startup success stories

The company has over 160 Mn users and 150 Mn products across 80+ categories

Flipkart charges commissions from sellers and also sells under its private labels

This is the first time electric vehicles will be sold on the ecommerce platform

Ampere’s scooters will be available in 10 cities primarily in Tamil Nadu and Karnataka

Ampere has raised $ 1.2 Mn funding from eminent investors

The leak, found by researcher Anurag Sen, was first spotted at the end of August 2019

A security research team at Safety Detectives said Cashkaro.com and Pouringpounds.com have both made available key details about their active users

Safety Detectives said that the breach was fixed by CashKaro on September 21

Rudra Dalmia was speaking at the India Mobile Congress today on October 16

He said that the objective of discounting is to kill the competition and should not be encouraged

Dalmia urged platforms to informs users about fair pricing for products

Uniket will also allow these stores to set up their own website and app

The platform has 6,500 stores on board in over 350 cities

In the next six months, the platform wants to target 60K stores in over 800 cities

At least 50% of Indian shoppers have purchased using Instagram

Around 75% of customers hailed from Tier 2 and 3 cities

Celebrity influencers are a big factor behind this shopping drive

FarmerMart was registered on October 4 and will sell locally-produced and packaged food products

The company is likely to adopt an omnichannel model for sales under FarmerMart

Will FarmerMart help Flipkart take on the likes of BigBasket, Amazon and Grofers?

CAIT writes to brands demanding clarification on deep discounts

The move was taken after a recent DPIIT meeting directed by union minister of commerce and industry

Amazon and Flipkart sternly denied violation of FDI norms

Cloudtail's growth is despite running into regulatory hurdles that resulted in some downtime in the January quarter

The company is a joint venture of Amazon and NR Narayana Murthy’s Catamaran Ventures

Cloudtail’s expenses went up by 27% to INR 8,899 Cr during the previous financial year