Meesho, backed by SoftBank, has announced it is the first horizontal e-commerce firm in India to reach profitability. The company claimed to have attained profitability at a consolidated profit after tax (PAT) level, encompassing all costs, including employee stock ownership plans (ESOPs), across all its divisions and categories. Having embarked on its journey towards… Continue reading Meesho becomes first horizontal e-commerce company to attain profitability
Tag: ecommerce
India may restrict e-commerce websites from selling private labels
Illustration: Binay Sinha The e-commerce companies may be restricted from selling the private labels produced by companies where they have “significant interest” or which are related parties under the new e-commerce rules, The Times of India (TOI) reported on Friday. The rules and the new policy have been finalised and are expected to… Continue reading India may restrict e-commerce websites from selling private labels
Centre asks e-commerce platforms to stick to their business model
Premium There were also discussions to align the proposed consumer protection rules on e-commerce, as well as the e-commerce policy. The Centre on Wednesday asked e-commerce majors not to flout their respective business models, and ensure that a distinction is made between the inventory and marketplace models, people aware of the matter said. … Continue reading Centre asks e-commerce platforms to stick to their business model
Piyush Goyal meet e-commerce firms, CAIT to discuss online retail issues
Commerce and Industry Minister Piyush Goyal on Wednesday held a detailed discussion with representatives of e-commerce firms and domestic traders body CAIT on issues related to the sector, including the proposed policy, an official said. Confederation of All India Traders (CAIT) Secretary General Praveen Khandelwal, who attended the meeting, said that it was… Continue reading Piyush Goyal meet e-commerce firms, CAIT to discuss online retail issues
Commerce minister Piyush Goyal to meet e-commerce firms on Wednesday
Commerce and Industry Minister Piyush Goyal is scheduled to meet representatives of e-commerce firms and domestic traders body CAIT on August 2 to discuss issues related to the sector, an official said. Representatives from different companies including Amazon, Flpikart, Tata CLiQ, Reliance, Zomato, Swiggy and Meesho are expected to participate in the deliberations.… Continue reading Commerce minister Piyush Goyal to meet e-commerce firms on Wednesday