The year 2016 has witnessed whopping sales of $ 681 billion in online retail sales. Globally, it’s China which has the largest market for e-commerce worldwide followed by The United States.
Going by the reports of Forrester Research, it reveals that one-fifth of the total retail sales will take place online by 2021 in Asia Pacific. About 78 percent of this will happen over mobiles.
The main focus is however on Asia Pacific. According to Forrester, Asia-Pacific continues to be the largest platform for online retail sales. China alone accounts for nearly 80 percent of the sales in Asia Pacific and there are reports that it will become the first market to reach $ 1 trillion by 2021.
Meanwhile, the Indian market is said to increase its revenue and reach $ 64 billion by 2021. On the contrary, a forecast analyst at Forrester alert said India will take almost 10 years to reach the level as most of the population still resides in tier 3 cities.
Reports also suggest that internet and e-commerce sector is still small in India and also the population when compared to China. So, it is unfair to compare China and India.
Progress will definitely happen in India’s e-commerce sector.
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The National Company Law Tribunal (NCLT) Bengaluru bench has dismissed an insolvency plea filed against quick commerce startup Dunzo by its invoice discounters, declaring the petition “not maintainable” after several postponements. This decision offers temporary relief to Dunzo, which has been facing multiple insolvency petitions from various creditors, including Velvin Packaging Solutions and Betterplace Safety Solutions, over unpaid dues.
The invoice discounters alleged that Dunzo had paid only 50% of the required amounts, though the exact sum was not disclosed. Despite ongoing settlement talks, no resolution was reached, and the tribunal noted Dunzo’s delays in responding to creditor petitions. Dunzo continues to grapple with severe liquidity issues, delayed payments, and significant losses—reporting a ₹1,801.8 crore loss in FY23 and owing approximately ₹11.4 crore to major vendors like Google India and Facebook India.
While this NCLT ruling provides Dunzo some breathing room, the company still faces ongoing financial and operational challenges as it works to resolve its outstanding liabilities.
Hyderabad-based startup Harvesting Robotics has won hearts online by appointing a golden retriever named Denver as its Chief Happiness Officer (CHO). Denver, introduced by co-founder Rahul Arepaka in a viral LinkedIn post, has quickly become the star of the office, spreading joy and boosting morale among employees. The company is now officially pet-friendly, a move Arepaka calls their “best decision.”
Denver’s new role has sparked widespread attention, with thousands liking and commenting on the announcement. Many see Denver’s presence as more than just a cute story—it highlights a growing trend of pet-friendly workplaces that prioritize employee well-being and happiness. As companies increasingly focus on holistic wellness, Denver’s appointment shows that sometimes, a wagging tail is the best way to brighten the workday.
Info Edge (India) Ltd shareholders have overwhelmingly approved an investment of up to ₹1,000 crore in the company’s third venture capital fund, Info Edge Ventures Fund III. The proposal received near-unanimous backing, with 99.9995% of valid votes in favor out of 1,274 participants.
Smartweb Internet Services Ltd, a wholly owned Info Edge subsidiary, will act as sponsor and investment manager for the new fund. This move strengthens Info Edge’s commitment to backing early-stage startups and expanding its footprint in India’s venture capital landscape.
Info Edge has a strong track record as an early investor in leading Indian startups like Zomato and PB Fintech, with combined holdings in these firms valued at ₹31,500 crore ($3.7 billion) as of March 31, 2025.
Albert
March 13, 2025 at 6:31 am
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