Macros weigh on ecommerce sales; District CEO on growth plan
Happy Monday! Inflation and pricier inputs may take some shine off this year's ecommerce festive sales. This and more in today’s ETtech Morning Dispatch.
Inflation and higher costs for inputs may dampen this year's ecommerce sales during mid-year promotional events, according to experts. Rising raw material and packaging costs, driven by inflation and geopolitical uncertainties, are expected to impact growth during these events. E-commerce giants Amazon and Flipkart launched their Independence Day sale events last Friday, but demand for discounts is projected to be lower due to increased costs.
District CEO Rahul Ganjoo revealed that offline shopping is set to become the company's second-largest business within three years. Delhivery reported a 64% drop in Q1 profit due to higher expenses, but operating revenue rose 27%. Jungle Ventures is shifting its focus to AI and advanced manufacturing, with plans to deploy $200-300 million in India.
Written by urgent.news from Economic Times Tech's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.
