NYKAA BLACK FRIDAY
Top brands bank on 'imported' sales events to boost demand
Back to school sales in India have seen rapid growth over the last five to six years, with the event generating over a fourth of retail laptop sales. This trend is second only to the Diwali festive season's contribution of 30-35%, according to industry estimates. Other 'imported' sales events include small business days, Black Friday, Cyber Monday, Mother's Day, Father's Day, and Valentine's Day.
Combating dark patterns; declining VC funds for female founders
Happy Thursday! The government will soon release a tool to help consumers fight manipulative ‘dark patterns’ used by websites. This and more in today’s ETtech Morning Dispatch.
New-age firms ride market surge in buoyant week; and other top tech, startup stories this week
On Friday, the 30-stock benchmark index BSE Sensex ended at a fresh all-time high of 72,568 points. In the broader buoyancy of the stock markets, shares of new-age companies Zomato, Nykaa, Honasa Consumer, Paytm, Delhivery and PB Fintech also rose through the week.
Prosus cuts Byju's valuation to under $3 billion; PayU India, Swiggy H1 financials
Technology investor Prosus has slashed Byju’s valuation to below $3 billion from its peak of $22 billion. This and more in today’s ETtech Top 5.
Indian ecommerce companies sold 23% more this Black Friday: report
Websites run by individual brands saw order volumes rising by 28% during the weekend while marketplaces saw their order volumes expand 19%, Unicommerce data showed.
Ecommerce companies, brands line up for Black Friday rush
Online and offline markets in India are set to see sales growing by over 70% in the week of Black Friday this year when compared to business as usual (BAU) weeks, according to estimates from market research firm 1Lattice. In the US, Black Friday is the Friday after Thanksgiving. It's the busiest shopping day of the year and marks the start of the Christmas shopping season. The sale typically gets extended to the following Monday, called Cyber Monday.
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Black Friday Sale 2023: Top Indian retailers unveil massive discounts and deals across electronics, fashion, and more
Top Indian brands gear up for Black Friday sales post-festive season, offering enticing discounts ranging from 50-70% across electronics, fashion, and beauty. Retail giants like Amazon, Nykaa, and H&M join in, anticipating a sales surge. Alongside significant discounts, the latest iPhone 15 garners attention with an attractive Rs 8,000 discount offer, making it available at Rs 71,900, boasting enhanced features like a 48-megapixel camera and USB-C port. As Black Friday approaches, Indian shoppers brace for a shopping spree filled with irresistible deals and opportunities.
Black Friday sales: Desi fervour for a Western phenomenon a boost for Indian retailers
Black Friday is becoming a global phenomenon for brands to attract Indian consumers and boost sales. The rise in demand is particularly relevant for lifestyle products like consumer durables, IT products, garments, and wearable accessories. The Black Friday sales market in India is predicted to witness a CAGR of 37.4% by 2032. The push on Black Friday sales is largely driven by e-commerce, with companies witnessing higher traffic.
Black Friday 2023: India's top retailers unveil massive discounts and online bonanza
Black Friday 2023 heralds a transformative shopping season in India, mirroring the West's tradition. Top retailers like Croma, Amazon, Nykaa, Adidas, and more offer massive discounts, while the e-commerce surge reshapes the market. With electronics leading the fray, the iPhone 15 and gaming consoles steal the spotlight. As India embraces this global shopping frenzy, the stage is set for an unprecedented shopping extravaganza, promising unparalleled deals and a digital shopping bonanza for eager consumers.
Planning to go on a shopping marathon on Black Friday? 4 ways you can make the most from discounts & get your money’s worth!
Although it has the word ‘Black’ in it, Black Friday is one of the most-awaited of the year for shopping enthusiasts.
Mutual funds gravitating to new-age firms; global tech centres buck hiring trend
New-age companies are seeing increased interest from domestic mutual funds, who have upped their shareholding in these firms over the last four quarters. This and more in today’s ETtech Morning Dispatch.
Boat looking to boost revenue by 25%; govt starts choosing firms for cell-making PLI scheme
Happy Friday! Following up on $500 million in FY23 net sales, Boat is focussing on ramped-up software play and a robust offline presence to push up its revenue by 25% this year. More local procurement is also on the cards.
MeitY’s new online gaming rules explained and other top stories this week
The Ministry of Electronics & Information Technology (MeitY) will notify at least three self regulatory organisations (SROs), which will decide what game is permissible on the Indian internet, and what is not.
Brands jump on to Black Friday bandwagon, extend sale period
Electronic goods and smartphone makers, ecommerce platforms, grocery stores, fashion brands, restaurants and cafes, multiplexes, hotels and malls clambered aboard the Black Friday bandwagon. Many are extending the sale period over the weekend to the start of next week or Cyber Monday, originally coined for ecommerce sales.
India’s five-year wait for a data law continues
Here’s a look back at how the legislation first came to be, and the twists and turns it took before landing back at square one.
Nykaa’s net profit rises 42% on year to Rs 5 crore in Q1
Mumbai-based FSN E-Commerce Ventures, the parent entity of Nykaa, said total income grew 18% sequentially, while profit declined by 25% quarter on quarter.
Nykaa to acquire LBB to sharpen its position as a discovery-led retailer
Co-founded by Suchita Salwan and Dhruv Mathur in 2015, LBB had a total revenue of Rs 19.44 crore in 2021-22. "The transaction will enable the company to strengthen its content delivery, drive discovery for brands and make shopping experience more engaging for the customers," Nykaa said in a regulatory filing. Nykaa will acquire 100 per cent stake in LBB in an all-cash deal.
Digital curtain descends on Russia
Since Vladimir Putin’s invasion of Ukraine began on February 24, more than 340 companies have announced complete or partial withdrawals from Russia, including most of the world’s biggest technology firms.
Looking for gift options for your Valentine? Here are some options for him & her
Here's thoughtfully curated list of gifts.
Paytm’s wild ride continues; China asks Didi to delist from US
All eyes are set on tomorrow as India's digital payment giant Paytm is set to announce its quarterly and half-yearly results even as its share price today fell after three days of gain.
Falguni Nayar on why Nykaa profit plunged in Q2 and more
"Winning the customer trust and winning their long term engagement is a key focus for Nykaa, says Falguni Nayar, Founder & CEO, FSN E-Commerce Ventures."
Biggest gainers & losers of the day: Zomato zooms 9%, TBZ tanks
Asahi India Glass stock zoomed 16 per cent to Rs 482.35 on the back of a strong technical set-up.
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