Festive carts to get heavier; Pixxel’s $100 million fresh fuel
Happy Monday! Online festive shopping is set to hit a new high this year. This and more in today’s ETtech Morning Dispatch.
Online festive shopping is predicted to reach unprecedented heights this year, with ecommerce marketplaces and retailers poised to sell a record-breaking Rs 1.50-1.55 lakh crore worth of goods during the holiday season. This represents a substantial 25-29% increase from the previous year, when sales totaled around Rs 1.20 lakh crore. Fast-paced delivery services are set to account for 16% of festive spending, as consumers demand quicker shipping times for their purchases.
Written by urgent.news from Economic Times Tech's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
