ecommerce

After firing 150 employees nearly a year ago, ecommerce startup Meesho has announced layoffs again that will affect 251 employees as it aims to turn sustainable amid a larger reset in the technology industry. This and more in today’s ETtech Top 5.Also in this letter:■ ETtech Deals Digest■ Smartphone users likely to get deep discounts■ OpenAI losses double to $540 millionEcommerce startup Meesho cuts 15% workforce; lays off 251 employees Ecommerce startup Meesho has laid off 251 employees in a bid to turn…

Mozilla, the developer of the Firefox Internet browser, has acquired Fakespot, a startup that helps users identify fake or unreliable reviews via a website and a browser extension.With Fakespot, the company said that Firefox users will have access to a trustworthy shopping tool that will help improve the ecommerce experience.Mozilla also mentioned that it will introduce Fakespot functionality to Firefox over time.“Fakespot will continue to work across all major web browsers and mobile devices, and the Mozilla team will be…

Devs - Assemble! The final round’s results of The Web Development and Ecommerce Writing Contest are here.Read All Devs - Assemble! The final round’s results of The Web Development and Ecommerce Writing Contest are here.Read All FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their…

Ecommerce giant eBay has appointed Vidmay Naini as its general manager for global emerging markets.Based in Singapore, Naini will lead the firm’s business in Southeast Asia, India, Eastern Europe, Israel, the Middle East, Africa, and Latin America. "I am delighted to step into this global role. There is a significant opportunity to scale up eBay's mission of empowering people and creating economic opportunity for all by expanding our efforts across these regions,” Naini said in a statement.“The digital economy is…

Homegrown startup Hype on Monday announced the launch of its generative AI e-commerce software-as-a-service (SaaS), designed to revolutionise the way merchants create, optimise, and manage their online stores.The company said the service will enable merchants to build high-converting, creative, and performance-driven online stores in seconds by combining cutting-edge artificial intelligence with intuitive design."Our platform is designed to remove barriers to entry for new merchants and help existing merchants scale their…

Amazon.com Inc's first-quarter revenue beat estimates on Thursday, helped by resilient demand for online shopping and cloud services businesses, sending its shares up about 9% in extended trading.The world's biggest online retailer reported better-than-expected net sales of $127.36 billion in the first three months of the year and forecast sales between $127 billion and $133 billion in the second quarter.Analysts had expected sales of $129.83 billion in the quarter-ending June 30.The growth of Amazon Web Services, long a…

A delivery executive of an e-commerce firm allegedly stole 10 iPhones by replacing them with dummy phones on the way to deliver them to the customer here, police said on Thursday.Station in-charge of Matrix Finance Solution, which delivers Amazon's parcel, Ravi in his complaint alleged that on March 27 delivery executive Lalit was handed over a customer's parcel, which contained 10 iPhones and an AirPods, at his address, they said.However, instead of delivering the parcel, Lalit replaced the iPhones with replicas and sent…

NPCI International Payments Limited (NIPL) on Thursday executed a definitive agreement with digital payments infrastructure provider PPRO to offer Indian customers a platform for hassle-free e-commerce payments globally.The agreement aims at expanding RuPay card and UPI acceptance across PPRO's global clients, such as payment service providers (PSPs) and global merchant acquirers, a joint statement said.This association will drive NIPL's continued expansion into foreign markets and will add India to PPRO's Local Payment…

Ultra low-cost e-commerce platform Temu, owned by PDD Holdings has started selling to European markets including France, Germany, Italy, The Netherlands, Spain and the United Kingdom. The Temu.com website now shows all of these markets on its location drop down menu in addition to the United States, Canada, Australia and New Zealand, where it had previously already been available. PDD Holdings did not immediately respond to Reuters request for comment on the expansion. Temu, the sister site of Chinese discount e-commerce…

How many of us, on a daily basis, browse through thousands of online products, add them to the cart, and then proceed to pay with little thought to how the delivery system works? Then we wait for the package with little patience. And if it does not arrive on time, we curse the logistics and supply chain system.Logistics companies have been facing challenging times with events like the pandemic raking up online shopping or the Russia-Ukraine conflict disrupting trade routes. Artificial Intelligence, which has recently…