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ECOMMERCE UNIT JIOMART
CCPA fines Meta, Amazon, Flipkart, Meesho Rs 10 lakh each for illegal walkie-talkie salesThe Central Consumer Protection Authority (CCPA) has initiated suo motu action against e-commerce platforms for listing and selling unautho...- CCPA cracks down on ecommerce giants for illegal sale of walkie-talkies amid rising security woesThe Central Consumer Protection Authority issued the notices to Amazon, Flipkart, Meesho, OLX, TradeIndia, Facebook, Indiamart, Vardaan Mar...
- Reliance Industries shelves plan for separate ecommerce marketplace for third-party sellersThe Mukesh Ambani-led company is now building JioMart as a full-fledged marketplace with presence across categories to take on market leade...
- Amazon India marketplace revenue up 32%, losses down 23%US etailer's local logistics and payments units report increases in revenues and losses too.
- Reliance to debut JioMarket for marketplace biz, starts roping in sellersThe internal work is done and the focus is on starting with a good volume of quality sellers so they are going aggressive on roping in inde...
- Amazon launches Smart Commerce to help offline stores set up digital storefrontsThis is similar to what Canada's Shopify does, wherein it lets small and medium businesses set up online stores and plug into various marke...
- Flipkart in talks to lead $100-million funding round in NinjacartThe Ninjacart funding will be one of the largest investment rounds by the e-commerce major in a startup as it races to expand its footprint...
- Amazon Seller Services gets fresh funding from US-based parentAmazon.com Inc. infused Rs 1,460 crore (about $200 million) into one of its India units, Amazon Seller Services, during the crucial festive...
- Reliance Retail hires ex-Coca Cola India boss to strengthen F&B playFood and beverage is among the fastest-growing categories in organised retail. Krishnakumar's mandate will be to help bulk up this portfoli...
- Online sales of retailers like Reliance Retail, Dmart surge 2-9 times during pandemicRetailers said the massive surge in e-commerce sales is likely to be a permanent shift for their business as they seek to expand through th...
- Reliance Retail is on a "Hyper Growth Trajectory", says Mukesh Ambani“Reliance Retail continues to be amongst the fastest growing retailers in the world,” Ambani said while addressing the 44th annual general ...
- Reliance plans to rope in kirana stores as franchise partners for JioMartThe kiranas will source goods from Reliance or elsewhere, said two senior industry executives aware of the plans. In the case of products o...
- Jio Platforms, WhatsApp won't share user dataJio Platforms and WhatsApp will not share their user data except to the extent required to enable transactions between ecommerce platform J...
- Jio deal to only involve 'limited' data sharing for ecomm transactions, Facebook tells CCICCI had approved the acquisition of a 9.99% stake in RIL-owned Jio Platforms by Facebook entity Jaadhu for ₹43,574 crore in June. The Faceb...
- Two US private equity funds to invest Rs 5,5oo crore into Reliance RetailPrivate equity firm General Atlantic (GA) will invest Rs 3,675 crore to acquire a 0.84% stake in Reliance Retail, while Silver Lake will ad...
- Reliance Retail is set to wage an online price war against its rivals, as festive season nearsThe deep discounting play will largely be on private and exclusive brands such as its own fashion labels, apart from electronic goods from ...
- General Atlantic & TPG in talks to invest up to $1 billion each in Reliance RetailOne of them said the private equity funds are in talks to invest up to $1 billion each in the country’s largest retailer. In the past three...
- Eye on Future, RIL to buy minority stake in its FMCG businessA minority stake in the consumer goods business will give RIL greater say over pricing and discounting strategies for products sold in its ...
- Flipkart to acquire Walmart India’s wholesale businessSince early this year, Flipkart has been ramping up its manufacturer engagements, and supply chain capabilities in the run-up to the launch.
- To fight Amazon and Reliance JioMart, Flipkart wholesale will pick up Walmart’s best priceWalmart has long been scouting for a viable and competitive business model for the Best Price brand, which consists of 28 stores and ecomme...
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