Page 32 - Ecommerce News Today : Breaking News, Live Updates & Top Stories | Vimarsana

PETALING JAYA: It was supposed to be a clear-cut case of adding 10% of the low-value goods (LVG) tax to the price of imported goods tagged below RM500 sold through ecommerce platforms.

The company is hiring for roles across technology and product, analytics, business, fulfilment and consumer experience, monetisation, finance, growth, and HR. “Non-tech roles like strategy and operations have witnessed an uptick in salary packages in comparison to last year,” Meesho said in a release.

Overall revenue for the buy-now-pay-later platform grew 72% to Rs 250 crore during the year. Total expenses in FY23 also rose 21% year-on-year to Rs 662.2 crore.

The funding was done through an issue of 1,102 convertible preference shares at a price of over Rs 9 lakh each, the firm said in a filing with the Registrar of Companies.

Consumers are moving back to brick-and-mortar stores to buy expensive items such as smartphones and televisions. However, the opposite is observed in the case of FMCG products. For fast-moving consumer goods (FMCG), companies like ITC, Emami, Marico, Parle Products and Dabur have reported a growth of 3-5% percentage points in e-commerce contribution in the last one-two years, driven largely by quick commerce.