Update: IndianRoots CEO Rahul Narvekar has sent us the following numbers for the companys performance in the last quarter: - Gross Merchandise Value of Rs. 29 crore during the quarter, which he says has grown by more than 11 times as compared to preceding quarter. - Average Order Value of Rs. 19,000. - 50% orders from India. - 30% repeat customers. Earlier today: NDTV’s e-commerce business NDTV Ethnic Retail Limited (which operates IndianRoots.in) has reported revenues of Rs 6.06 crore for the quarter ended December 31, 2014, as compared to revenues of Rs 2.09 crore in the same quarter last year and Rs 2.28 crore revenues in the previous quarter. The segment has posted a loss before tax of Rs 6.02 crore for the quarter, marginally higher than the Rs 5.38 crore loss in the same quarter last year and significantly higher that the Rs 3.16 crore loss in the previous quarter. NDTV had launched IndianRoots in July 2013 and it currently focuses on Indian ethnic wear, including women’s apparel such as sarees, lehengas, salwar kameez & kurtis and men’s apparel like sherwanis, kurta pyjamas & jackets. It also offers accessories like jewelry, bags, wraps and others along with home furnishing, stationery products and handicraft products from local artisans. The company has tie-ups with close to 500 brands and designers, and last year it had also introduced custom tailoring for Salwar Kameez, Sarees, Trousseau collection for the bride and family, Men's Kurta Pajama, and Men's Sherwani among others. Users need to email…
- Latest developments in the ransomware attack on AIIMS-Delhi as it partially resumes server facilities December 8, 2022
- EPoS Systems at 5.33 Lakh PDS Shops in India, But No Response by Ministry on Device Failures December 8, 2022
- How does the new data protection bill affect platform gig workers? December 8, 2022
- Indian Govt to Pay Tariff to Telcos for SMS Alerts, Except Under Disaster Management Act December 8, 2022
- What is Google’s new plan to combat misinformation on its platforms in India? December 7, 2022
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
By Soujanya Sridharan and Dr. Sarayu Natarajan Platform work and data: the intersection Every time you use a ride-hailing app, the matching algorithm processes...
New bill narrows focus over predecessors that went heavy on data sovereignty, localisation and compliance. What explains this change?
The Structure and Style of a Dogma Community: Conspiracy theories and organized Twitter engagement on Sushant Singh Rajput
Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement
Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?
A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...