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In India, ClubFactory E-Commerce India Pvt Ltd owes its growth in the market to its consumers. [9] The Times of India described the Indian consumers as "discount hunters" [ 10 ] [ 11 ] In 2018, the electronic commerce platform raised $100 million in a series C or venture round of funding from existing investors like IDG Capital , Kunlun Capital ...
India has an Internet user base of about 690.0 million as of November 2023, about 40% of the population. [1] Despite being the second-largest user base in world, only behind China (1.079 billion, 48% of population), the penetration of e-commerce is low compared to markets like the United States (266 million, 84%), or France (54M, 81%), but is growing, adding around 6 million new entrants every ...
An online shop evokes the physical analogy of buying products or services at a regular "brick-and-mortar" retailer or shopping center; the process is called business-to-consumer (B2C) online shopping. When an online store is set up to enable businesses to buy from another businesses, the process is called business-to-business (B2B) online ...
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Reliance Smart Bazaar, formerly known as Big Bazaar, is an Indian retail chain of hypermarkets, discount department stores, and grocery stores.The retail chain was founded by Kishore Biyani under his parent organisation Future Group, [3] which is known for having a significant prominence in Indian retail and fashion sectors.
In August 2022, JioMart signed an agreement with Meta to launch first-ever end-to-end shopping experience on WhatsApp. Under this deal, Jio will use WhatsApp's chat solutions to power its grocery shopping service in India. [16] In June 2024, JioMart entered quick-commerce by delivering groceries in under an hour. [17]
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