Five-day festivity may see etail market top $1.7 bn in sales

download (10).jpgSource: ETRetail.com, Sept 25, 2017

BENGALURU: India’s online retail market is expected to have grown by over 50% during the festive sales in 2017, as the industry, led by Flipkart and Amazon India, is pegged to crossed $1.7 billion in sales in five days. The annual flagship sale events last year saw over $1billion of sales registered just between Flipkart, Amazon India and Snapdeal, according to industry executives and analysts.

While the first five days of the festive sales have shown clear leadership trends, the entire 30-day period till Diwali is significant for the ecommerce players to boost their numbers, with the total industry gross merchandise value (GMV) during the festive period expected to touch Rs 15,000 crore ($2.3 billion).

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Amazon opens first fashion studio in India

Source: LiveMint.com, Sept 13, 2017

New Delhi: Amazon India on Wednesday unveiled the Amazon Fashion Studio in Gurugram, a facility that offers allied services such as high-quality catalogue imaging to fashion sellers on Amazon.in.

The studio, called BLINK, is Amazon’s third such facility in the world—the company has one each in London and New York. The 44,000 sq. ft. studio in Gurugram includes 16 photography bays, a ramp and a presentation area along with enclosed workspaces for Amazon teams and fashion sellers to collaborate on creative content.

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Amazon launches its largest fulfilment centre in Hyderabad

download (3).jpgSource: Financial Express, Sept 07, 2017

Hyderabad: E-commerce giant Amazon today announced the opening its largest fulfilment centre in the country here. Located at the Rajiv Gandhi International Airport, the centre covers over 400,000 sq ft with close to 2.10 million cubic ft. It is the fifth fulfilment center in Telangana and the largest in the country. With this, Amazon has a storage capacity up to 3.3 million cubic feet in Telangana, vice president, India Customer Fulfilment, Amazon India, Akhil Saxena said, without revealing the investment figure into the centre. “We have been consistently investing in our infrastructure and delivery network, so we can increase our speed of delivery and provide a superior experience to both, customers and sellers,” Saxena told a press conference.

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India e-commerce battle heats up as Flipkart gets fresh ammo to take on Amazon

download (6).jpgSource: Financial Express, Aug 11, 2017

Bengaluru/New Delhi: Flush with funds, Flipkart can now up the ante in the high-stakes battle against Amazon India in what is probably the world’s fastest growing e-commerce market.download (5)

While Amazon’s Jeff Bezos has committed $5 billion to the Indian business, Flipkart now has $4 billion in the bank after Japanese investor SoftBank’s infusion of close to $2.5 billion. In April, Flipkart raised $1.4 billion from Tencent, eBay and Microsoft at a valuation of $11.6 billion.It is not immediately clear whether SoftBank has infused the $2.5 billion into Flipkart alone or some of this will go to private equity player Tiger Global in return for a stake.

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Amazon & Flipkart jostle for the ecommerce throne

index.jpgSource: ETRetail.com, Aug 08, 2017

BENGALURU: Amazon India and Flipkart both assert they are outdoing the other in the growth-starved Indian ecommerce market, raising the stakes ahead of their annual festive season bout.

According to Amazon India, the company has surpassed Flipkart, not including fashion units Myntra and Jabong, in terms of value and volume over the past 18 months. As for Flipkart, a company executive said the online marketplace was, “growing at 65-70% in terms of gross merchandise value the last few months, and (was) ahead of Amazon India by 30% in terms of gross sales (excluding Myntra and Jabong).”

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Indian Tigers Group plans to invest $100mn in sports e-com

Source: ETRetail.com, Aug 07, 2017

New Delhi: Delhi-based Indian Tigers Group plans to invest USD 100 million (Rs 636.40 crore approx) in its sports e-commerce venture SportGeo over the next five years, its chairman today said.

“We are looking at creating specialised e-commerce stores. For Sportsgeo, we are coordinating directly with manufacturers to sell their sports products. At the launch, we have invested USD 5 million and from our internal accruals we plans to invest USD 100 million in next 5 years,” Indian Tigers Group Founder and Chairman, Pyush Dhingra said over phone.

Sportsgeo is offering products in 500 categories targeted at sports and fitness enthusiasts.

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After Amazon, Grofers gets govt nod to open ‘food only’ outlets

download (6).jpgSource: Business Standard, July 27, 2017

New Delhi: Home-grown e-grocer Grofers is the latest online player to receive permission from the government to open fully-owned brick-and-mortar stores for selling food products. American major Amazon was the first e-commerce company to get an approval for setting up food retail stores in the country earlier this month.

Bigbasket, which had put in a similar request with the Department of Industrial Policy and Promotion (DIPP) around the same time last year, is also expected to receive an approval under the food retail policy soon, a senior government official said.

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