E-commerce

Millennials account for 70% of Carousell’s visitors, and one-third of its revenue is from the sales of secondhand vehicles.

aCommerce claims to be the largest e-commerce enabler in Southeast Asia, with operations in Singapore, Malaysia, Indonesia, and the Philippines.

Mitra Bukalapak, which equips micro-retailers with digitized operations, accounted for 27% of the company’s overall total processing value.

With multiple super app contenders in India, the verdict on who will reach that level first is still open.

Grouping together other sectors with e-retailers has become a source of worry and discontent among e-commerce firms.

Bukalapak expects its shares to be traded on IDX under the ticker symbol BUKA.

Mukesh Bansal, co-founder of Cult.fit, an online fitness startup in which Tata Group recently invested, has been made a key member of the fundraising team.

The new rules prohibit e-tailers from hosting flash sales and mandates they appoint a grievance officer to address consumer complaints.