Seattle, Washington-based Amazon Inc., will launch a new service delivering from restaurants ahead of India’s month-long festive season, which starts in September. The company has teamed up with Bangalore-based Catamaran Ventures, founded by IT billionaire Narayana Murthy. Research firm RedSeer Consulting says that India's rising middle class has driven the growth...
E-Commerce Sales For October to Reach $1.8 Bn in India
With special pricing and discounts for festivals in India this month, e-commerce companies are expected to register transactions worth $1.7-$1.9 billion for the month of October alone, reports research firm RedSeer Consulting. "These latest forecasts reflect the stronger-than-expected sales performance of e-tailers across categories," RedSeer said. This news comes at...