Competition and Industry News
Online platforms capture 38% smartphone sales in India: Counterpoint reportedit
E-commerce platforms captured a record 38% share of the total smartphone channels in India in the first quarter of 2018, driven by exclusive online launches and strong promotions, a new report said on Friday.
Publication: ET Cio (Online)
Date: June 18, 2018
Rentickle to RentMojo, rental start-ups finding new routes to enter homesedit
Online rental companies continue to experiment with business templates in their quest to keep costs low and quality under check. With the rise of sharing economy, India has seen a boom in rental start-ups over the last few years. Rental furniture service, in particular, has witnessed an uptake in the country with many young professionals and students opting to ‘rent’ assets rather than ‘buy’ as they move from one city to another.
Publication: Business Standard (Online)
Date: June 17, 2018
Amazon flaunts Pay to take on e-wallet biggies, to extend credit servicesedit
“We are not focussing on a number of merchants but those used by customers regularly. A large part of the focus right now is to provide the best online digital experience. We are focused on areas such as food delivery, whether it is a Swiggy or Fresh Menu, Bookmyshow for ticketing, Yatra for travel. We are also working with portals such as Urban Ladder. There are at present more than 100 top merchants on the platform,” said Amazon Pay’s India head, Mahendra Nerurkar.
Publication: Business Standard (Online)
Date: June 18, 2018