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The retail category saw a record-breaking 200,000 retail transactions in a single day in May 2024, with 5 million orders placed, up from 3.59 million in April 2024. With 630,000 orders in the home and kitchen category, 330,000 orders in fashion, and 2 million orders in other retail subcategories, the grocery and food delivery categories each ...
Flipkart introduced Shopsy in July 2021 [3] [4] as a mobile app that allowed people in India to launch their own online reseller business. [ 5 ] [ 6 ] [ 7 ] By August 2021, the app had adopted a zero-commission marketplace model.
The GST is imposed at variable rates on variable items. The rate of GST is 18% for soaps and 28% on washing detergents. GST on movie tickets is based on slabs, with 18% GST for tickets that cost less than ₹100 and 28% GST on tickets costing more than ₹100 and 28% on commercial vehicle and private and 5% on readymade clothes. [33]
PhonePe is an Indian digital payments and financial services company headquartered in Bengaluru, Karnataka, India. [5] [6] It was founded in December 2015, [7] [2] by Sameer Nigam, Rahul Chari and Burzin Engineer. [8]
One97 Communications Ltd is an Indian multinational technology company, headquartered in Noida, Uttar Pradesh, India. [1] It was founded in 2000 by Vijay Shekhar Sharma. Through its subsidiaries and businesses, the company offers digital payment and financial services to consumers and merchants in I
The e-commerce in India was $147.3 billion in 2024, with 18.7% CAGR through to 2028 which will be further fueled by the technology innovations (5G & 6G based higher internet speed, AI and ML based hyper-personalized shopping experience, immersive AR and VR virtual try-ons and virtual stores, blockchain based enhanced supply chain transparency and increased trust among consumers), cheaper data ...
Ekart logistics or Ekart courier is an Indian courier delivery services company, headquartered in Bangalore, Karnataka. [1] [4] A subsidiary of electronic commerce company Flipkart Pvt. Ltd., it is run by Instakart services Pvt. Ltd. [5] [6]
In April 2024, Ola announced it was pulling out of all international markets – UK, Australia and New Zealand markets with only a few days notice. [21] [22] In May 2024, Ola migrated from Microsoft Azure to its own cloud platform Krutrim. [23] In July 2024, Ola shifted from Google Maps to a new in-house mapping tool, Ola Maps.