📺 Stream EntrepreneurTV for Free 📺

Festive Season Sale In E-Commerce Portals Reported 28 Per Cent Increase The report also added that there was over 32 per cent YoY progress in festival order volumes for tier III cities and over 20 per cent progress in tier II volumes

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Pexels

E-commerce platforms like Amazon, Flipkart has reported an increase in the number of orders received, and the total e-commerce reported a 28 per cent increase in order quantity in the first two days of festival sale 2022 when compared to the first two days of the festival sale of 2021.

According to Unicommerce, a SaaS platform for post-purchase expertise administration, it is stated that, "Overall e-commerce reported 28 per cent order volume growth during the first two days of the festive season sale of 2022 as compared to the first two days festive sale of 2021. It has also found out that the personal care sector is the fastest growing, with over 70 per cent year-on-year (YoY) order volume growth during the first two days of the festive season sale of 2022.

In addition to this, Unicommerce also added that there was over 32 per cent YoY progress in festival order volumes for tier III cities and over 20 per cent progress in tier II volumes. Tier I cities reported a 28 per cent growth in order quantity progress.

Commenting on the same, Utkrishta Kumar, CXO, Business of Meesho, was quoted in the report as saying, "With 85 per cent of orders and 75 per cent of sellers coming from tier II cities, we are humbled to have created a far-reaching impact in the deepest corners of the country. We will continue to fuel the discoverability of hyperlocal businesses and products, empower MSMEs and further boost accessibility and affordability for our heterogenous base of consumers."

"While the segments have reported a 7 per cent YoY order volume growth, its huge growth in absolute terms, considering the high order volumes," added the Unicommerce.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
Science & Technology

Brand New GPT-4o Revealed: 3 Mind Blowing Updates and 3 Unexpected Challenges for Entrepreneurs

Unveiling OpenAI's GPT-4.0: The latest AI with vision, auditory, and emotional intelligence abilities is revolutionizing industries. How will it affect your business?

Side Hustle

These Coworkers-Turned-Friends Started a Side Hustle on Amazon — Now It's a 'Full Hustle' Earning Over $20 Million a Year: 'Jump in With Both Feet'

Achal Patel and Russell Gong met at a large consulting firm and "bonded over a shared vision to create a mission-led company."

News and Trends

How Actor Vicky Kaushal At 36 Bagged: A National Award, Cannes Recognition And 20 Plus Films

As the National award winning actor Vicky Kaushal turns 36 on Thursday, here we look at his 12 years journey, which started from 2012.

Business News

The Music Giant Behind Beyoncé, Harry Styles and Adele Bars ChatGPT From Using Its Songs

The world's largest music publisher sent letters to more than 700 companies demanding information about how its artists' songs were used.

Business News

OpenAI's New Deal Sees the ChatGPT Trailblazer Following a Competitor's Lead

OpenAI is treading on Google's AI-training territory following its new deal with Reddit.

Productivity

Want to Be More Productive? Here's How Google Executives Structure Their Schedules

These five tactics from inside Google will help you focus and protect your time.