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India's e-commerce players build their own ecosystems

India’s e-commerce players are building their own ecosystems by incorporating everything from financial services to entertainment. Flipkart is launching a new lending operation, utilising its own data on customers as well as external sources. The operation tracks around 1,000 data points to gauge ability and intent to repay – to offer them credit even when they don’t have a credit history. The operation is still in a pilot basis as Flipkart has opened it up to 10,000 users only, but in two to three weeks it will be rolled out to a larger customer base.


On the other hand, Reliance Group has made several acquisitions across the media, manufacturing, tech and retail sectors. The latest acquisitions include a company that provides customer support chat services using artificial intelligence and a logistics business that enables hyper-local delivery of food and groceries. Earlier this year chairman and managing director Mukesh Ambani explained how Jio, its mobile telco, and Reliance Retail would together launch a ‘new commerce’ platform, designed to benefit consumers, small retailers and producers. The Reliance ecosystem will have multiple, very powerful components that include retail, entertainment, education and financial services.

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India becomes fashionable as small towns adopt new style trends

India becomes fashionable as small towns adopt new style trends

Growing fashion consciousness in small towns of India is driving many entrepreneurs and big brands to these towns. J P Shukla, Co-founder and Chief Executive Officer of 1-India Family Mart,... Read more

Grasim bags award for performance in textiles

Grasim bags award for performance in textiles

Grasim Industries, a flagship company of $44.3 billion Aditya Birla Group, has bagged the Dun & Bradstreet (D&B) Corporate Award 2019 for its stellar performance in the textile sector. The... Read more

New denim fabric by Sangam India enthralls consumers

New denim fabric by Sangam India enthralls consumers

With consumers preferring comfort over style, stretch denim is taking over the conventional denim fabric,” says Ravi Taparia, Sr Vice President, Sangam India. The brand recently launched a light weight... Read more

HRX to woo female customers with new products

HRX to woo female customers with new products

Afsar Zaidi, Co-Founder, HRX believes “fitness should be made available to everyone in the country.” According to him, Indian sportswear brands have the potential to supersede their international counterparts if... Read more

Apparel customisation reaches a new high with e-commerce

Apparel customisation reaches a new high with e-commerce

Ordering a custom-made outfit was unheard of among Indian consumers a few years ago. Customers would visit the tailor in order to get their outfits stitched for their important occasions.... Read more

Biba sets new trends through its designs, plans more stores in small towns

Biba sets new trends through its designs, plans more stores in small towns

“Without continuous upgradation in design and introduction of fresh drapes and styles, no brand can keep its consumers attracted for long,” opines Siddharth Bindra, Managing Director, Biba-India’s most loved women’s... Read more

A bonanza for customers as Lifestyle plans to open one store every month

A bonanza for customers as Lifestyle plans to open one store every month

Lifestyle, one of India’s best known department chain stores spread across metros and Tier I cities recently launched the Kooltex range under its private label Kappa. “This range is made... Read more

UFO introduces smart ‘cut n sew’ garments for kids

UFO introduces smart ‘cut n sew’ garments for kids

“We offer our customers whatever they demand at 40 per cent lower prices than other international brands,” says Abhishek Agarwal, Managing Director, UFO, a denim brand that caters to the... Read more

Oxemberg attracts young consumers with a spunky, stylish collection

Oxemberg attracts young consumers with a spunky, stylish collection

Oxemberg’s latest denim collection is, “curated to perfection from a premium fabric, this collection is perfect for today’s generation,” opines Gaurav Poddar, Executive Director. The collection is designed to cater... Read more

Annual Apparel Index dips to 1.71 points in FY 2018-19, lowest growth in five ye…

Annual Apparel Index dips to 1.71 points in FY 2018-19, lowest growth in five years

"CMAI’s annual apparel index for FY2018-19, conducted by DFU Publications reveals, growth has been falling continuously for the past five years. In fact, except the first quarter of FY2018-19, the... Read more

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