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E Commerce

BIS Raids Amazon, Flipkart Warehouses Over Uncertified Products


SUMMARY

The BIS said that the searches in Lucknow, Gurugram and Delhi were undertaken for curbing sale of “non-certified and potentially unsafe products”

The BIS found that other ecommerce players such as Meesho, Myntra and BigBasket were also selling “several” non-certified products on their platforms

This comes a couple of months after the BIS released draft guidelines for ecommerce platforms, aimed at ensuring greater accountability among online marketplaces

Cracking the whip on online marketplaces for flouting…



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by Tech In Asia

GoTo’s legal and corporate secretary said the company follows regulations for public companies and will prioritize the interests of shareholders. Source link

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by INC42

From a brand known for its cool urban image and setting the Indian craft brewery benchmark, Bira 91’s survival hangs by a thread.  The startup, which has raised more than $200 Mn in funding to date from investors such as Peak XV Partners, Sofina, and Kirin Holdings, among others, is struggling to move past the slowdown that hit its business last year.   At the centre of the storm are 600 employees, the investors, and Ankur Jain, the CEO and founder of B9 Beverages Ltd, Bira 91’s parent company.  Jain is under pressure to step down… Source link