Festive Sales Reached ₹54,500 Crore in the First Week
Sales for the first week of the festive crossed ~₹54,500 crore, nearly 55% of total sales during the festive period
Datum Intelligence
Festive Season Will Generate ~₹100,000 Crore In Online Sales
According to estimates from Datum, online shoppers are expected to spend ~₹100,000 Crore throughout the festive season in 2024, with 8% share for quick commerce.
Online Retail Sales in Australia to Reach $64 Billion by 2028
Online Retail in Australia is Expected to Grow at CAGR 8.7% from 2023-28 to Reach $64.1 Billion
Delhivery Express Parcel Growth Slowing Down
Delhivery, a key player in India's e-commerce logistics sector, is showing signs of a maturing market as its once explosive growth begins to stabilize.
Dating Apps Are Struggling
The share prices of online dating giants Match Group and Bumble have experienced significant declines in recent times, raising concerns among investors and analysts
Dmart Added 191 New Stores in the Last 5 Years
D-Mart opened 41 new stores in FY24, consistent with the trend of adding 40-45 stores annually in previous years
Bumble Cut its Annual Revenue Growth Forecast After Slowing Growth
Bumble shares fall 30% after its annual revenue forecast cut
FirstCry Revenue Revenue Growth Moderates to 15.1% in FY24
FirstCry Revenue Growth Moderates to 15.1% in FY24, Significantly Reducing Losses
Live Streaming and Short Video Platforms Revolutionising Pet Food Marketing in China
Short video platforms have emerged as a dominant force, rivaling traditional e-commerce in influencing consumer choices.
Double 11 Day GMV Reached $167 Billion in 2023
The Double 11 Day, also known as Singles' Day, has become a global e-commerce juggernaut, with its Gross Merchandise Value (GMV) reaching an astounding $167 billion in 2023.
Why Netflix is Launching its Own Ad Server
Netflix announced to launch its own ad server gain full control over its advertising future and creating targeted, personalized ad experiences for its 270 million subscribers.
Springwel Mattresses to acquire D2C brand SleepyCat
Springwel Mattresses, a leading player in the sleep solutions industry, is reportedly in advanced talks to acquire SleepyCat
Video Gaming Industry in Turmoil
In the first two months of the year, over 8,500 jobs were cut across various gaming companies, following a record-breaking 10,500 layoffs in 2023.
Indonesia Online Population Forecast 2023-28
In 2023, Indonesia had approximately 221 million internet users, with an internet penetration rate of 80% of the total population.