Datum Intelligence News Today

Over the past year-and-a-half, online fashion retailer Myntra has gained market share even as rivals like Reliance Ajio and Nykaa Fashion have snapped at its heels, chief executive Nandita Sinha told ET in an interview–without naming the competition.

Happy Tuesday! With user growth stagnating, Zomato and Swiggy are prodding existing customers to order more. This and more in todays ETtech Morning Dispatch.

Over the past year-and-a-half, online fashion retailer Myntra has gained market share even as rivals like Reliance Ajio and Nykaa Fashion have snapped at its heels, chief executive Nandita Sinha told ET in an interview–without naming the competition.

As 10-minute delivery expands to include higher-value products, companies will soon realise that with big orders come big hurdles, say executives. Blinkit, Swiggy Instamart and Zepto have started selling products such as air coolers, fans and luggage, in addition to expanding into fashion, and listing high value items on their platforms.

The reason behind merchants' confidence is the fact that a Paytm representative reached out to them after the RBI decision.

In January, a report from research firm Bernstein showed that Amazon Indias user growth was only 13 percent in December 2023, primarily due to its more premium offerings compared to its peers.

Basil aims to reimagine homeware & kitchenware for Millennials and Gen Alpha. It looks to utilize the funds to bolster its direct-to-consumer (D2C) play, expand reach via e-commerce channels and expand product portfolio.

Delhivery expects volatility in its revenue and margin profile in the near term, according to CEO Sahil Barua. He cautioned against using the Q3 profit after tax number to forecast future performance and did not provide guidance for profitability. Barua emphasized that Delhivery will achieve its overall revenue and profitability targets over time, but urged caution in using this quarter as a model.

After an expected spurt during the festive season, ecommerce sales saw a larger-than-usual dip in December. This and more in todays ETtech Morning Dispatch.

Across categories—from electronics and accessories to fashion and household items--there was a slowdown in December, a top industry executive said, adding the dip was steeper than usual after a festive month. The ongoing Republic Day sales, however, have brought some respite to online shopping platforms, with a spike in consumption demand as per early trends.