Consumer Economy

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.

With a goal to improve efficiency within the apparel industry, Quanliang Quansu’s founder aims to use technology, data, and algorithms to kickstart her new venture.

The beauty-focused social commerce platform has over 4,500 active resellers that carry beauty products, mostly from Japan and Korea, for Indonesian customers.

Besides Carro, Malaysia’s Carsome is reportedly raising new funding that will lead to a USD 1 billion valuation.

Xiaomi participated in Zhuanzhuan Group’s latest round, as the startup hopes to synergize with Xiaomi’s position in consumer electronics.

As retailers shift online, technology itself can be a double-edged sword.

Consumers are confused by overcomplicated and capricious discount rules, while e-commerce platforms pump up sales during shopping festivals like 618 and Singles’ Day.