Introduction: In exciting news for the digital commerce space, DigiHaat, the innovative buyer app by Nirmit Bharat (a subsidiary of the ONDC Network), has appointed Rahul Vij as its new Chief Operating Officer (COO). Known for his sharp understanding of consumer behavior and marketing strategies, Rahul is set to play a pivotal role in revolutionizing the digital shopping experience for both…
What Do These Changes Mean for Snapdeal, Stellaro, and the Future of E-Commerce?
AceVector Appoints New CEOs for Snapdeal and Stellaro Brands
In a major leadership shakeup at AceVector Limited, the parent company of Snapdeal and Stellaro Brands, Achint Setia has been appointed as the new CEO of Snapdeal. Meanwhile, the company confirmed that Himanshu Chakrawarti, the outgoing CEO of Snapdeal…
Snapdeal, the popular e-commerce platform based in Gurugram, has made impressive strides in the fiscal year 2024. Despite facing tough competition in India’s fast-paced e-commerce market, the company has trimmed its losses significantly, boosted its revenue, and is on a clear path toward profitability. Let’s dive into the details of Snapdeal’s financial performance in FY24 and what this…
In a significant move, Amazon has fully exited its investment in Shoppers Stop, one of India’s most well-known retail chains. The global e-commerce giant has sold its 4% stake in the company for approximately Rs 276 crore, marking the end of a five-year-long partnership. This move highlights the changing dynamics of India’s retail market and raises questions about Amazon’s future strategies…
Swiggy Instamart Strengthens Leadership with New Head of Monetization
In a strategic move to further boost its growth in India’s rapidly expanding quick commerce sector, Swiggy Instamart has appointed Kanika Tiwari as its new Head of Monetization. Tiwari’s appointment comes at a crucial time when competition in the quick commerce industry is intensifying, and companies like Zepto, Blinkit, and…
Amazon’s Bold Move into the Quick Commerce Market
Amazon India is gearing up to enter the rapidly growing quick commerce industry with a new delivery service, codenamed Tez. This service is expected to rival established players like Zepto, Blinkit, Swiggy Instamart, and Flipkart Minutes, marking a significant shift for the e-commerce giant.
According to a recent report from Reuters, Amazon plans…
Amazon India is preparing to launch its highly anticipated quick commerce service, codenamed Tez, which will focus on fast deliveries of groceries and daily essentials. The company plans to roll out the service by late December or early next year, marking Amazon’s first-ever entry into the quick commerce space globally.
This move comes at a time when quick commerce, the fast-growing segment of…
Locad Secures $9 Million in Pre-Series B Funding to Revolutionize Logistics
In an exciting move for the logistics tech world, Locad, a logistics startup founded by former Zalora and Grab executives, has successfully raised $9 million in pre-Series B funding. This new round of funding aims to ramp up Locad’s AI-driven logistics capabilities and accelerate its international expansion plans.
This…
Beyoung Takes a Bold Step into the Middle Eastern Market
Beyoung, a popular Indian fashion brand, is making its debut in the Middle Eastern market through a strategic partnership with Noon.com, one of the largest e-commerce platforms in the region. The collaboration will introduce Beyoung’s everyday fashion to consumers in the UAE, Saudi Arabia, and Egypt, marking an exciting milestone for the…
Bollywood’s powerhouse actor Ranveer Singh has just ventured into the health and wellness industry with his exciting new brand, SuperYou. The actor, known for his high-energy performances and bold style, has partnered with entrepreneur Nikunj Biyani to create a range of protein snacks designed to make protein more accessible, enjoyable, and fun for people of all ages. With a mission to…
