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Quick commerce firms like Zepto, Swiggy, and Blinkit reported record-breaking sales on Valentine's Day. There was a surge in orders for flowers, chocolates, perfumes, and contraceptives. These firms likely posted their best-ever single-day sales, surpassing their previous records set on New Year's Eve.
The U.S. market is closely watching Chinese company Temu as it aggressively pursues global expansion.
The initiative will enable the integration of CSC's e-Grameen app on the ONDC network as a buyer application, allowing citizens across rural India to access its vast e-commerce network, the two said in a joint statement.
Additionally, Tata Digital plans to consolidate its various standalone apps such as BigBasket, 1mg, and Tata Cliq, under the Tata Neu app to increase consumer engagement, boost Tata Neu app utilisation, and enhance operational efficiencies. The flagship digital asset, BigBasket, is also looking to raise up to $100 million in funding from parent Tata Sons.
Speaking at Walmart Growth Summit, Flipkart CEO Kalyan Krishnamurthy said the government has simplified taxation and adopted ease of doing business as a strategy, which is one of the factors driving growth of the ecommerce segment.