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ECOMMERCE LOGISTICS
Lenskart Q1 profit jumps; Tata stocks tumbleLenskart posted a strong first quarter, with profit nearly quadrupling. This and more in today's ETtech Top 5.- Festive hiring set to rise 15-20% as frontline roles get more specialisedTemporary festive hiring is expected to grow15-20%across retail, ecommerce, quick commerce, logistics, FMCG and consumer durables, TeamLeas...
- Electric mobility startup Yulu raises $93 million in equity, debt to expand EV fleetThe Bajaj Auto-backed company said it will increase its active fleet to 200,000 electric vehicles over the next two years, expand service h...
- Shiprocket raises Rs 727 crore from anchor investors ahead of IPO launchIn an impressive funding round, Shiprocket has garnered ₹727 crore from anchor investors in anticipation of its IPO. Esteemed domestic and ...
- Shiprocket raises Rs 727 crore from anchor investors ahead of IPO launchThis comes ahead of Shiprocket's IPO launch on August 12. The public issue, which is Rs 1,617 crore in size, will value the Temasek and Ber...
- ETtech Explainer: Why is Meesho building a low-cost logistics network for grocery?Meesho is taking a different approach in the B2B grocery supply sector, where startups have found it hard to scale and incurred high cash b...
- Festive rush: Quick commerce firms to hire 35-40% more temp workers, demand surges for tech-savvy talentQuick commerce platforms anticipate hiring thirty to forty percent more temporary workers this festive season. This surge reflects increase...
- Macros weigh on ecommerce sales; District CEO on growth planHappy Monday! Inflation and pricier inputs may take some shine off this year's ecommerce festive sales. This and more in today’s ETtech Mor...
- Delhivery Q1 profit falls 64%; logistics firm raises ecomm shipment growth projectionDelhivery reported a 64% profit drop in the June quarter, as expenses increased significantly. Operating revenue rose 27% to Rs 3,291 crore...
- July auto retail sales hit record high on rising rural demandVehicle registrations saw a significant 26% year-on-year increase in July. This performance marked the best-ever July for all vehicle segme...
- Shiprocket's Rs 7,056 crore IPO rewards early backers, dents returns for late-stage investorsShiprocket has announced an IPO price range set between Rs 92 and Rs 97 per share, representing a notable decrease of around thirty percent...
- Shiprocket trims IPO by 30% to Rs 1,617 crore; issue opens August 12Shiprocket now aims to raise Rs 885 crore through a fresh issue, down from the Rs 1,100 crore proposed earlier, while the offer-for-sale (O...
- Govt mandates exporter registration for FDI-backed ecommerce inventory exportsForeign-invested ecommerce firms must register as exporter-on-record for export inventory. These companies can only procure and stock goods...
- Govt notifies norms to facilitate ecommerce firms undertaking inventory-based online exportsForeign investment is now permitted in export-only ecommerce inventory operations. Companies must register as Exporter-on-Record to stock g...
- Quick commerce braces for Rakshabandhan rush as capacity strains emergeThe surge in demand is also exposing capacity constraints that have long plagued ecommerce marketplaces such as Amazon and Flipkart. Brands...
- Shiprocket to launch IPO in 1-2 weeks at a valuation of Rs 7,000 croreShiprocket is also expected to file a revised prospectus with updated financials before launching the issue. The company, after receiving a...
- Shadowfax reports 8x jump in Q1 net profit, revenue up 65%The Bengaluru-based company reported strong growth across its core businesses in the June quarter, led by its express delivery segment. The...
- On a war footing, India Inc to ramp up festive hiring; temporary recruitment expected to rise 8-25% from last yearCompanies are gearing up for a stronger festive hiring season this year. Temporary recruitment is expected to exceed last year's levels sig...
- Flipkart's supply chain arm Ekart opens logistics network to external brandsEkart is expanding its logistics network to outside businesses. This includes MSMEs and D2C brands through a new franchise model. The compa...
- Flipkart's Ekart opens pan-India logistics network to businessesEkart, Flipkart's supply chain arm, is opening its logistics network to outside businesses. This expansion utilizes a new franchise model a...
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