ECOMMERCE COMPANIES
India's D2C growth powered by Tier 2, 3 cities with 66 per cent new orders in FY26
India's direct-to-consumer brands are seeing rapid expansion driven by smaller cities. Tier 2 and 3 cities will account for nearly 66 percent of new orders in FY26. This growth fuels a 33 percent rise in order volumes and a 32 percent increase in GMV. The D2C market is set to reach USD 60 billion by 2030.
NDR InvIT to raise Rs 726.8 crore in preferential issue, accelerating drive to build India’s largest warehousing platform
NDR InvIT is raising Rs 726.8 crore via preferential issue to fuel its expansion, following a recent Rs 410 crore bond issuance. This capital will fund acquisitions, including NDR Space Private Limited, and ongoing projects. The Trust has aggressively expanded its portfolio, adding significant warehousing space and entering new cities, solidifying its position as a leading logistics infrastructure platform.
Razorpay set for confidential IPO filing; valuation may fall to around $5 billion
The fintech startup, last valued at $7.5 billion, is expected to be questioned on growth sustainability and the road to profitability; Walmart-backed PhonePe paused its $1.3 billion IPO last month, citing West Asia conflict.
China seeks to rein in risks from AI 'digital humans'
China is introducing new rules for its booming digital human industry. These AI avatars, which look and sound like real people, are used for various purposes. The government aims to prevent harm to children and maintain social stability. Regulations will ensure consent is obtained for creating digital likenesses.
Quote of the Day by Jeff Bezos: ‘If you're competitor-focused, you have to wait until there is…'
Quote of the Day: Jeff Bezos, Amazon's founder, champions customer obsession. He believes focusing on customers drives pioneering innovation. This approach allows companies to anticipate needs and create new solutions. Reacting to competitors, however, means always being a step behind. This lesson applies beyond business, encouraging personal growth through purpose and initiative. Bezos's legacy is built on this customer-centric mindset.
A $176 billion reality check for Europe’s luxury brands as Middle East tensions hit shoppers
A distant war is impacting global luxury sales. Europe's top luxury firms have lost billions in market value. The Middle East, a key growth market, is seeing reduced tourist spending due to travel disruptions and uncertainty. This slowdown affects major brands like Hermès, Gucci, and LVMH. Recovery for the luxury sector faces delays as geopolitical risks persist.
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Dish TV appoints three independent directors with shareholder approval
Dish TV India shareholders overwhelmingly approved the appointment of three independent directors, signaling strong confidence in the company's strategic direction. This move reinforces the DTH operator's focus on strengthening core operations and pursuing sustainable growth across its DTH business and newer ventures like connected TV and OTT.
China hits food delivery platforms with 3.6 bln yuan fine for 'ghost' deliveries
China has imposed hefty fines on seven major e-commerce platforms for serious food safety breaches. Companies like Taobao, Meituan, Pinduoduo, and Douyin failed to verify store licenses. This led to 'ghost food deliveries' from unverified vendors. The regulator also cited issues with order transfers.
Walmart's Flipkart plans foray into India's ticketing market as live events boom, sources say
Flipkart is set to enter India's booming entertainment market. The e-commerce giant plans to sell movie and concert tickets. This move pits Flipkart against established players like BookMyShow. The company is also piloting food delivery services. These expansions signal Flipkart's aggressive growth strategy in India.
Walmart's Flipkart plans foray into India's ticketing market as live events boom, sources say
Walmart-owned Flipkart is set to enter India's burgeoning movie and concert ticket market, aiming for a May launch. This move into the fast-growing entertainment sector will see Flipkart compete with established players like BookMyShow and Zomato's District. The company is also piloting food delivery, signaling expansion into competitive, low-margin businesses.
Logistics firms enter last mile for IPO delivery, rev up for Rs 9,000 crore issues
India's logistics sector is poised for a significant IPO cycle, with several companies preparing to raise an estimated ₹8,000-9,000 crore. Driven by improving demand and a supportive policy environment, firms like Horizon Industrial Parks, Leap India, and Shiprocket are leading the fundraising wave.
2026 tax refund investing: Top 5 blue-chip stocks like Apple and Walmart to grow your money fast
Tax refunds in 2026 may be higher due to new rules like the One Big Beautiful Bill Act. Instead of spending, people can invest in strong stocks for long-term growth. Big companies with stable income and steady demand are better choices. Even small investments can grow slowly over time if people stay patient and focus on safe and trusted businesses.
E-commerce drives warehousing surge; leasing rises by 22% in Q1
India's industrial and warehousing sector saw its strongest quarterly growth in early 2026. E-commerce and 3PL players drove this surge, leasing significant space. Quick commerce is reshaping demand, accelerating the need for smaller warehouses. Despite geopolitical concerns, strong fundamentals and policy support are expected to sustain market growth.
Mutual funds raise tech exposure in March after 8-year low. Tactical move or trend reversal?
Mutual funds raised tech exposure in March after an eight-year low, driven by tactical rebalancing and improved valuations. Experts say global cues like US tech recovery and easing rate concerns are aiding sentiment. Despite recent losses of up to 25%, the sector outlook remains gradually positive, supported by AI and cloud trends, though near-term volatility persists.
India's FDI plan for ecommerce; Tata charges up iPhone biz
India is planning to allow FDI in inventory-based ecommerce exclusively for exports. This and more in today's ETtech Top 5.
Flipkart, Uber partner to offer SuperCoins on rides
Flipkart and Uber have partnered to integrate Flipkart's SuperCoins reward program into Uber's mobility services. Users can now earn 4% of their Uber fare as SuperCoins on eligible rides by linking their accounts, with rewards redeemable across the Flipkart ecosystem. This collaboration aims to expand SuperCoins' utility into everyday use cases and drive deeper customer engagement.
Moving up the value chain proves costly as tech majors and GCCs slash jobs
Global layoffs are intensifying across large tech firms and global capability centres in India, as companies like Oracle, Cisco, Amazon and Meta trim headcounts amid AI-driven strategies. Having moved from offshore support to core global roles, Indian workers are now more exposed to strategic restructuring and AI-led workforce changes.
For FDI, E-comm exports must be in separate cart
India is considering allowing FDI in inventory-based e-commerce exclusively for exports. This move aims to boost outbound shipments without affecting domestic retailers. Strict safeguards, including physical segregation of warehouses, are being evaluated to ensure export-bound goods are not sold locally.
TCS Nashik case escalates; Zepto’s road to IPO
Happy Tuesday! TCS COO Aarthi Subramanian will head the investigation into a sexual harassment case at its Nashik unit. This and more in today's ETtech Morning Dispatch.
Zepto trims cash burn before IPO, pitches profitability by FY29 to public market investors
Quick commerce firm Zepto is engaging institutional investors for its planned June-July IPO, aiming to raise capital amid intensifying competition. The company targets full-year profitability by FY2028-29, having reduced its quarterly cash burn significantly. Zepto is focusing on scaling order volumes without expanding its dark store network, differentiating itself by targeting value-conscious customers.
In India, $1 housekeepers spark a consumer, worker frenzy despite safety risks
Some Indian startups are offering house help for as little as $1 an hour, attracting thousands of women seeking work and consumers eager for affordable services. While the market is booming, concerns about worker safety, particularly for women, remain a significant challenge that companies are actively addressing through training and safety features.
Dabur partners with WNNR to boost first-party data play
Per the collaboration, WNNR will deploy its gamified data intelligence solutions to help Dabur build deeper consumer insights while ensuring consent-driven data collection and transparency across digital touchpoints. The move reflects a growing industry focus on first-party data, as brands seek more control over customer insights in a privacy-conscious digital landscape.
Sharon Pais takes over from outgoing Myntra CEO Nandita Sinha, says M-Now will be big growth driver
Myntra, owned by Flipkart, is expanding its rapid delivery service M-Now as a key growth area, new head Sharon Pais told ET. Despite leadership changes, the company will continue focusing on quick commerce, brand expansion, and AI-driven discovery to meet rising demand for faster fashion delivery.
How Flipkart turned internal mobility into a leadership pipeline
Lateral moves across categories and divisions are a core part of how the company’s employees move into leadership positions. Three executives tell us how a culture that rewards experimentation over pedigree and the freedom to reinvent are shaping Flipkart’s next leaders.
Fintechs clash in cross-border payments; TCS closes FY26 strong
Happy Friday! Large companies are fighting early-stage startups in the cross-border payments battleground. This and more in today's ETtech Morning Dispatch.
Is the world finally going to tariff big tech?
The WTO failed to renew its long-standing moratorium on tariffs for e-commerce, ending a near 30-year consensus that kept digital trade duty-free. This opens the door for countries to consider taxing cross-border digital services such as software and streaming.
Ecommerce sees 25% growth in Q1 CY2026, says joint report by Flipkart, Bain & Co
The report titled How India Shops Online, 2026, says the growth has come on the back of improved consumer sentiment supported by policy-led tailwinds and major traction from Tier 2 markets.
Mamaearth parent Honasa Consumer estimates over 20% revenue growth in Q4
Honasa Consumer expects steady March-quarter growth, though reported revenue may appear lower due to changes in revenue recognition in relation to Flipkart. The Mamaearth-parent, however, flagged external risks, including geopolitical developments, which could have a bearing on input costs and operations going forward.
Flipkart expands Hemant Badri’s role to drive AI agenda
Flipkart is appointing Hemant Badri to lead its AI initiatives, focusing on identifying and operationalising AI uses across the company. This strategic move, in partnership with CPTO Balaji Thiagarajan, aims to integrate AI into customer experience, seller tools, and internal productivity as the e-commerce landscape rapidly evolves.
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