Ecom Express News Today

Extreme summer heat, rising absenteeism, and productivity loss have led to a high demand for last-mile delivery and warehouse personnel in India. About 2,000 delivery personnel are dropping off daily in quick commerce and 5,000 in food delivery, with an estimated 2.1-2.2 lakh people needed for replacement hiring daily. The monthly attrition of riders, warehouse staff, pickers, packers, and loaders is at a high of 30-40%.

In a strategic move poised to transform the logistics landscape in India, Ecom Express, a Delhi NCR-based company, is launching a pilot project to deliver packages using drones.

Logistics firms are seeing an increase in e-commerce orders from tier-2 towns and beyond as more people in those markets start shopping online.

Happy Thursday! SaaS startup Innovaccer is in discussions to raise funding at a flat valuation of $3 billion. This and more in todays ETtech Morning Dispatch.

Ecom Expresss FY23 revenue rose 20% to Rs 2,548 crore, but with a widened loss at Rs 375 crore due to increased total expenses. Courier services revenue exceeded Rs 2,300 crore.

Shiprocket closes $185 million funding led by Zomato, Temasek and Lightrock Shiprocket, a logistics aggregator, has raised $185 million (Rs 1,380 crore) in a Series E funding round co-led by , Singapore's sovereign wealth fund Temasek and Lightrock India, a senior company executive told ET. The company did not share the expected valuation after the

Tussle continues between logistics cos & aggregators; ecomm grows even as offline stores reopen : Rashtra News #Tussle #continues #logistics #cos #aggregators #ecomm #grows #offline #stores #reopen After learning that online logistics aggregators were trying to woo away their clients with lower prices, three large ecommerce-focussed delivery firms simultaneously hiked their fees for these aggregators

No more Shopee-ing in India! : Rashtra News #Shopeeing #India This is Digbijay in Bengaluru. There is never ever a dull moment in Indian e-commerce.Singapore’s ecommerce firm Shopee abruptly decided to shutter its India operations earlier this week, reported first by us.It was quite sudden for us as reporters, as well. We were in the

Ronnie Screwvala-founded upGrad on Friday said that the edtech unicorn has appointed Venkatesh Tarakkad as the first Chief Financial Officer (CFO).Tarakkad led finance, inventory, and strategic initiatives at DealShare and assumed his role at ...

Edtech unicorn upGrad appoints Venkatesh Tarakkad as its first CFO. Tarakkad will oversee global financial strategies, investor relations, and compliance. Mayank Kumar praises Tarakkads leadership. Rohit Agarwal to lead finance operations globally.