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Tag: e-commerce (page 1 of 3)

Prime Now app being shut down globally by Amazon

The two-hour delivery platform Prime now is being shut down by Amazon globally this year. The service is being integrated into the main platform to increase user convenience and make the experience more seamless for customers. The service was shut down in India in 2020 while this year it will happen globally where they will move their third-party partners and local stores for Amazon shopping.

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Flipkart to exempt traders from storage fee, cover insurance

Flipkart said it will waive off the money paid by sellers that use Flipkart warehouses and cancelation fee. It will also cover the hospitalisation and consultation fees for traders between INR 50,00 to INR 300,000. To maintain relationships with almost 300,000 traders, Flipkart will also increase the window for seller protection funds to 30 days. Flipkart is making efforts to make capital easily available to traders during these challenging times.

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E-com firms doubles-up hiring following rising demand, staff testing positive

Ecommerce firms in India, after seeing an MoM spike of 25-30% in orders following the second wave of COVID,  plans to extensively hire delivery and supply executives to match the demand and replace those tested positive of the virus. Some of the companies, to match the demand and fill the gap created by the infections, plans to double the recruitment. Besides, they have intensified testing, and pushing the authorities for quick vaccination rollout for the workforce.

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India’s Google tax collection rises 81% in FY21

Google tax collected in India increased 81% for the FY21 to touch Rs 2057 cr, against Rs 1136 cr collected in FY20. Google tax is referred to as tax applicable to non-resident e-com firms in India. The revenue of these firms increased due to pandemic led lockdown and social distancing norms, which lead rise in tax collected from them. The biggest contributor to the Google tax was Bengaluru ( Rs 1020cr), Hyderabad ( Rs 538cr), Delhi ( Rs 323cr) and Mumbai (134cr).

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Clubhouse launches payments so creators can make money

Clubhouse will let users send money to their favourite creators. The feature — Clubhouse Payments — can be used to send by going to the profile of the creator and hit “Send Money” and enter an amount. The creator has to enable the feature. “100% of the payment will go to the creator. The person sending the money will also be charged a small card processing fee, which will go to the processing partner, Stripe,” Clubhouse said in a blog post.

Tata Digital in talks with Just Dial to foray into e-com space

Tata Digital has held talks with Just Dial to explore the option of striking a strategic alliance to venture into the e-com space. But, nothing has been finalised as of yet. The mergers and acquisitions team of Tata Sons has been putting together a list of possible partnerships that can help Tata Digital reach and scale-up in the online consumer space. The company is also said to be in talks with various other firms to finalise its ‘Super App’.

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Flipkart announces Voice Search feature with Hindi, English support

Flipkart had extended the Voice Search feature from grocery service to its e-com platform in both English and Hindi languages. The company said the objective was to help new users understand who are mostly from non-metro/tier 1 cities. For sellers, the functionality will allow them to make in-roads to a larger market. It has deployed multiple capabilities such as Automatic Speech Recognition, NLP, and Text-to-Speech for Indian languages etc.

Tata Group to acquire 68% stake in BigBasket

The Tata group is acquiring 68 % stake in online grocery platform BigBasket for around ₹9,500 cr as it bids to expand in the fast-growing e-comm space in India. The deal provides an exit route for a host of investors of BigBasket, including Chinese billionaire Jack Ma-controlled Alibaba. Tata group’s acquisition puts the enterprise value of BigBasket at over ₹13,500 cr. The move comes at a time when the group is working to develop a super app in the world’s second-largest internet market.

Snapdeal tops US Notorious Markets for counterfeiting, piracy

Snapdeal has been featured in the 2020 Review of Notorious Markets for Counterfeiting and Piracy issued by the Office of the US Trade Representative. It has to face the same accusations in July 2019 of criminal conduct in India for selling counterfeit products. The office has identified 39 online and 34 physical markets. 92% of counterfeit goods originate in China and Hong Kong, additional major points include India, Singapore, Thailand, Turkey, and the UAE.