According to Saurabh Srivastava, the Vice President of Amazon India, e-commerce is experiencing a significant trend of premiumisation across various categories. This shift is attributed to the expanding middle class with increasing disposable incomes.
Indian shoppers getting a taste of the high life financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
India Business News: E-commerce platforms in India have generated around Rs 29,000 crore ($3.9 billion) in sales during the first four days of the festive shopping period,
Business News: NEW DELHI: Consumers seem to be splurging on festive shopping with e-commerce platforms estimated to have garnered Rs 29,000 crore in sales in the fir.
Zypp Electric: Woodenstreet has provided IAN a return of more than 10 times with an IRR of 105. Zypp provided 6.5 times return with an IRR of 88%. Both these companies have tremendous potential going forward and the Fund has retained the major part of its shareholding to ride their success, the Fund said.