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Amazon's decision to overlook quick-commerce in India is now looking like a significant misstep. Amazon India head's sudden exit highlights company's struggles and market share losses in India.
Reliance, India’s largest conglomerate, reduced its workforce by 11%, or more than 42,000 people, in the financial year ended March 2024. Startups Anduril raises $1.5B at a $14B valuation
The opportunity for quick commerce in India. India’s e-commerce sales stood at $60 billion to $65 billion last year, according to industry estimates. That’s less than half of the sales ...
India's e-commerce market was worth about $3.9 billion in 2009. As per "India Goes Digital", [10] a report by Avendus Capital, the Indian e-commerce market is estimated at ₹28,500 crore ($6.3 billion) for the year 2011. Online travel constitutes a sizable portion (87%) of this market today. Online travel market in India had a growth rate of ...
Bernstein’s report reveals that while Amazon’s cloud business operates with losses of merely $500,000 to $1 million, the e-commerce division has lost up to $500 million in India.
Fashion has seen the strongest growth since FY19, and now holds the highest category share,” Bernstein analysts wrote in a note last month. Bazaar’s offerings include “trendy” T-shirts ...
Amazon is preparing to make another attempt to break into India’s fast-growing fashion and lifestyle e-commerce sector, setting up a battle with rival Flipkart, owned by Walmart; Reliance’s ...
The Bengaluru-headquartered startup, which operates a social commerce platform, is currently at a GMV run rate of over $5 billion and its eponymous app grew 32% year-over-year in December 2023 ...