E-commerce

Commerce platform Dunzo has informed that it raised around 40 million dollars from companies like Google, Lightbox, LGT Lightstone Aspada, and Evolvence among others. Besides, Dunzo affirmed that it became a $100 million gross merchandise value (GMV) business. Dunzo digital CEO Kabeer Biswas said, "We truly believe we are writing a playbook for how hyperlocal businesses can be built with sustainable unit economics". Currently, Dunzo operates… read-more

China's State Administration for Market Regulation has declared that an anti-monopoly investigation had been launched against the tech-giant Alibaba Group. The Chinese regulators have earlier warned the group for forcing their merchants to sign deals promising not to offer their products on rival platforms. Previously in November, the authorities have blocked the stock market listing of Alibaba's associate Ant Group, which would have been the… read-more

Disney on November 23 launched an e-commerce website to provide official merchandise of Disney, Pixar, Marvel and Star Wars in India. The e-commerce platform named 'shopDisney' will deliver over 3,800 products, ranging from toys to fashion accessories, to more than 500 cities. Besides, it will also offer cash on delivery option for purchase of up to Rs 5,000. "Fans and families in India can choose curated... authentic licensed merchandise,"… read-more

Sweden-based furniture retailer IKEA is planning to expand its business in India by adopting 'omni-channel approach'. According to IKEA's India CEO Peter Betzel the country is one of their most important market and the company is planning to open 25 stores across 9 cities by 2025. He said that the pandemic had slowed them down, but they were still on track. The company targets to reach 100 milllion Indians by 2022.