A new study from the Associated Chambers of Commerce & Industry of India (ASSOCHAM) and PricewaterhouseCoopers (PwC) has estimated that the Indian e-commerce market, currently worth about $25bn, could grow to $80bn by 2020 and cross the $100bn mark in five years.
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Amazon chief executive Jeff Bezos announced at an event in Washington yesterday (7 June) that the company plans to invest an additional $3bn in India, taking its overall committed investment to $5bn.
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Bengaluru-based Roadrunnr has rebranded itself as Runnr and – following its recent purchase of TinyOwl – and has shifted into being a food ordering and delivery platform.
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As competition in the Indian e-commerce market becomes ever fiercer, Flipkart has announced the launch of the Flipkart No Cost EMI — “a monthly installment-based payment scheme with no processing fee, no hidden costs, no down payment and no interest payout”.
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Indian online retailer Flipkart has announced that it is postponing the start dates for its new intake of graduate recruits and management trainee by six months while it completes its organizational restructuring programme.
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