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This is truly a country of contradictions. On one hand, you have small petty shops upgrading themselves to do roaring business. On the other, you see eCommerce spreading its wings to fly into newer horizons. Yes, the malls are booming in some cities, while falling flat on their face in a few towns. <keyword id="34412" type="ORGANIZATION" weightage="20" keywordseo="economy">Economy</keyword> is as vibrant as India’s festivals. And, eCommerce only provides testimony to this factor. 
 
Indians are busy breathing life into the eCommerce ventures in their country, encouraging the growth of new economy that’s powered by the Internet. These days, Indians prefer Internet for shopping clothes, gifts or furniture; but also to procure simpler things such as groceries. 
Whether it is the increased penetration of the Internet, or the efficient supply chain management followed by eCommerce companies, more and more people have been switching over to Internet than going to the nearby grocer’s shop. 
 This observation was made by US Department of Agriculture (<keyword id="134457" type="ORGANIZATION" weightage="20" keywordseo="USDA">USDA</keyword>), which said India was among the fastest growing eCommerce countries in the domestic market. The number of online food and grocery retail outlets had increased from 14 in the year 2013 to 44 in 2014, with few months to go till the end of the year. 
 
Online retailers are truly competing with kiryana stores and small supermarket setups to provide quick home delivery facilities, along with credit to neighbourhood consumers. These are a few aspects that had held the bond of kiryana stores and consumers who would buy groceries from them since generations. However, there is something that the online stores will have to take a leaf out of the book of kiryana store owners – that is to set up a fool-proof credit system, and also to overcome delivery challenges. 
 
The growth has a particular pattern and age group too. Mostly the young professionals who are pressed for time are the ones who are availing this facility, helping the segment grow manifold. Understandably so, the growth of this segment is high in cities such as Delhi, Bangalore, Mumbai, Hyderabad, Pune, Kolkata, Chandigarh, Trivandrum, Coimbatore and others where the floating population is high. 
 
Earlier when the idea of eCommerce was being discussed, prompting people to think about the days when they could literally buy everything over the net, the major contemplation in India was about the ‘touch and feel’ practice that was hard to change in an Indian consumer. 
 
But, clearly as things are going, the typical Indian consumer has also changed his preferences over the years when eCommerce gained ground. Today, USDA has noted that the Indian buyer doesn’t necessarily have to ‘inspect’ the things that he/she is buying. The bias of having to ‘see’ before buying as slowly replaced into faith on the automated purchases made through the Internet. Owing to measures such as cash on delivery and cash back policies – though the latter is still a hassle in some companies – Indian consumer is propelling the market in a new direction. 
 
The number of online retail store is expected to rise in the future owing to the increased user base of smartphones and mobiles. Last year alone saw the number of internet users accessing it through phone jumped from 120 million to 213 million. 'Shopping on the go' is no longer a strange experience. 
 
While one may well count on wide range of selection of goods, and convenient options such as cash on delivery and credit card payments as drivers of this new trend, the factor of changing urban landscape also needs to be taken into account. 
 
Increased chaos in urban spaces, crowded shopping areas, shortage of parking space and doing groceries demanding lots of time commitment – all have equally contributed to the growth of this sector. It remains to be seen whether this growth would sustain in the future or wither away with time. 
 
Image: Indiatimes

Indian Cities Taking Cyber-Highway For Grocery Shopping

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"></div></div></div>The Chinese e-commmerce site Alibaba <a href="http://www.businessinsider.com/alibaba-21-billion-ipo-raise-2014-9">filed to go public last week.</a> It is looking to raise up to $21 billion, which would make it the largest tech IPO ever.
On Monday, the Chinese internet giant began <a href="http://www.bloomberg.com/news/2014-09-05/alibaba-said-to-plan-ipo-roadshow-kickoff-in-new-york-sept-8.html">its roadshow,</a> a standard procedure where it will meet potential investors and analysts to create more buzz around its already popular IPO.
Perhaps because of Alibaba, the 2014 U.S. IPO market is expected to be one of the largest ever, <a href="http://www.renaissancecapital.com/news/renaissance-capitals-fall-2014-us-ipo-preview-21014.html?_ga=1.39499878.417512443.1405008870">according to investment firm Renaissance Capital.</a> It projects up to $80 billion in IPO funding this year, up 46% from last year, and the most since 2000.
We've put together some of the tech companies that have already filed IPO papers and are expected to go public by the end of this year.

10 Hot Tech Companies On The Cusp Of An IPO That You Need To Watch

Diwali? Well, even if it’s more than 120 days, preparations have already begun. At least for the Indian ecommmerce companies, Diwali isn’t something too far. 
 
Diwali wasn’t a satisfactory experience for most of the e-tailers who failed to deliver products within stipulated timeline. Blame it on the demand-supply gap or logistics, the companies as well as its customers were equally disappointed. 
 
lakh per day," K Satyanarayana, cofounder and director of Ecom Express told the ET.Neeraj Aggarwal, senior director, delivery operations, at Flipkart, told the financial daily that every festive season there is a three to four times increase in the volume of shipments. "We expect this year to be the same. The capacity of air cargo has not increased since last year and we have invested a considerable amount in linehaul for surface since last year. 
 
"Flipkart clocked Rs 600 crore in sales in 10 hours last Diwali. While the company partners with third-party logistics players for linehaul services (transport of cargo between two major cities around 1,500 km apart), it has increased the share of shipments by surface transport through road.Ekart and 50% of the national load is shipped using surface transport. During festive season, 70 to 75% of our shipments will be routed through Ekart," Aggarwal added. Amazon India is also extending the network covered by its logistics arm, Amazon Transportation Services (ATS).

Diwali is coming: E-tailers are gearing up to avoid any logistics glitch

eCommerce is a thriving market in India, and we are all aware how Indian and global businesses are trying their best to carve a niche and make the most of the opportunities that exist in the market. The latest to join the bandwagon is <keyword id="2838965" type="UNKNOWN" weightage="20" keywordseo="Kachyng-Inc-">Kachyng Inc.</keyword>, a <keyword id="12161" type="COMPANY" weightage="20" keywordseo="San-Francisco">San Francisco</keyword> based company founded by <keyword id="192262" type="POSITION" weightage="20" keywordseo="serial-entrepreneur">serial entrepreneur</keyword> <keyword id="2838851" type="UNKNOWN" weightage="20" keywordseo="Resh-Wallaja">Resh Wallaja</keyword>, who happens to be <keyword id="5645" type="POSITION" weightage="20" keywordseo="CEO">CEO</keyword> of Kachyng Inc. 
 
The payments technology company dedicated to making payments faster, easier and more secure for merchants and consumers has launched its operations in India today. 
 
The company will help eCommerce merchants operating in India convert lost business opportunities by simplifying the tedious, painful and not-so-secure online payment mechanism. 
 
Or in Resh Wallaja’s words, the company is here to solve the root cause of lost sales in the eCommerce business. He says, “India is already en route to become the world’s fastest growing e-commerce market and is expected to exceed $100bn mark by 2020. In the next five years another 30 million merchants will go online and 400 million people will become first time online shoppers. We urgently need a safer and easier way to shop online. Kachyng offers a path-breaking technology solving 90% of the problems faced by both consumers and merchants. By making it easy to securely engage and sell to new and existing consumers, we are here to solve the root cause of lost sales” 
 
But how does he plan to do that? Has he charted out a special strategy for the Indian market? We spoke to Resh Wallaja and here is what he shared. 
 
On competition 
 
Primarily what we do is: allow merchants to reach out to more consumers and help consumers complete their online transactions simply without worrying about the fraud. So, I don’t believe we are competing with any existing players. We are infact very complimentary to existing businesses in eCommerce and financial institutions. 
 
On Indian strategy 
 
Our goal is to empower eCommmerce players trap at least about 20% of the opportunities which exist in the Indian eCommerce market. We would primarily partner and work with premier eCommerce players, financial service institutions and merchant acquirers. So, for example if the company has a point of service ecommerce gateway, so we will work with the eCommerce gateway and give our white-labeled technology which would help them eliminate various steps inmvolved in eCommerce transactions. 
Our business model is simple: we white-label and license our technology to distributors who have existing relationships with merchants and consumers. 
 
 
On their technology 
 Current payment methods require people to remember and maintain too many usernames and passwords, too many keystrokes and clicks. We would help eCommerce players and merchants eliminate all these steps and make eCommerce transactions fun, easy, secure and fast for everyone leveraging Kachyng BUY—our white labelled one-click, instant Omni-channel checkout solution with unmatched security which makes payments from anywhere (browser, app, sms, <keyword id="6354904" type="PERSON" weightage="20" keywordseo="tweet">Tweet</keyword>, app or ad), without usernames or passwords. This unique technology is PCI complaint, covered by 16 patent filings which reduce the 60-220 seconds checkout process to only 3-5 seconds. 
 
 
On future plans &amp; <keyword id="6362476" type="ORGANIZATION" weightage="20" keywordseo="investments">investments</keyword> 
We will initiate a go-to-market strategy with our eCommerce focused partnerships. We intend to accelerate our expansion through partnerships and by gradually building different channels, including eCommerce companies, advertisers, card issuers, payment processors and shopping app developers. We are already having discussions with payment gateways and eCommerce players and hopefully would be able to announce them in upcoming months. 
As far as investments are concerned, we would put a majority of it in expanding our operations in the country. Moreover, in the next 12 months, we would double our staff strength in Chennai R&amp; D centre. Our goal primarily is going to be the technology provider in India. 
 
Kachyng Inc., is a San Francisco based company dedicated to making payments faster, easier and more secure for merchants and consumers. Kachyng’s patented technology harnesses the ubiquity of mobile phones in today’s world to allow people to pay with one click and anywhere on the Internet.

You Searched For "eCommmerce" and got 4 results

Indian Cities Taking Cyber-Highway For Grocery Shopping

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Diwali is coming: E-tailers are gearing up to avoid any logistics glitch

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