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Happy Monday! Following a strong start, online platforms are experiencing a slowdown in festive sales. This and more in today’s ETtech Morning Dispatch.
Also in the letter:
■ Flipkart group firms cut losses
■ Kapiva’s $60 million raise
■ GCC career ladder
Ecommerce festive sales cool after initial pick-up
After launching their flagship festive sales with a bang, online retailers are now witnessing demand ease, industry executives, brand founders and analysts told ET. Still, most expect momentum to build again as Diwali nears.
