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The E-Commerce Council of India inducts 9 new members, including IndiaMart and 1mg

The E-Commerce Council of India (TECI) announced on Monday that it had inducted nine new members, including B2B marketplace IndiaMart, online pharmacy 1mg, and Kisan Estore, which sells agricultural products and services. TECI was launched in March as a trade association for the e-commerce sector. Its founding members include Snapdeal, ShopClues, UrbanClap, Shop101, Flyrobe, and Fynd. The other new members of TECI are: Mjunction, an e-marketplace for steel and coal Texfy, which connects retailers to manufacturers in the textile industry Trade India, a B2B marketplace Nandoo, a fitness and wellness app Connect India, which links rural India to urban India with logistics capability M2R Technomations, which automates electronic and electrical devices Conspicuous by their absence are Amazon and Flipkart, which are by some distance the largest e-commerce platforms in India. This could be a sign that smaller players are consolidating under TECI not only to lobby the government on the draft e-commerce policy, but also to hedge against the influence — and deep pockets — of Amazon and Flipkart. GOQii vs Flipkart The growth of TECI comes at a time when fitness wearables' maker GOQii is taking on Flipkart over deep discounting (up to 80%) of its products, in a case that could have ramifications for India’s e-commerce policy and FDI regulations. Vishal Gondal, founder of GOQii, tweeted recently that the Bombay Civil Court had given an ad-interim order barring sellers Retailnet, Tech-connect and Flipkart from selling GOQii products, and issued notices to Flipkart and its parent company Walmart. Read…

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