Walmart acknowledged that the timing of Flipkart’s BBD event, which moved from Q3 last year to Q4 this year, negatively impacted overall and ecommerce sales growth.
Festive Season Sale: As per an Assocham report, the gig sector in India is projected to reach USD 455 billion by 2024, with a compound annual growth rate (CAGR) of 17%, surpassing pre-pandemic estimates at least two-fold. The report said India will likely have 350 million gig jobs by 2025.
Founded in 2019, PickMyWork operates on a pay-per-task model. The platform sources, trains, and manages agents, who act as intermediaries between the companys internet products and potential customers.
According to data from Unicommerce, which helps businesses sell online, order volumes for e-commerce grew about 37% during the festive season sale this year, compared to 2022. In terms of gross merchandise value (GMV), online retail registered a growth of 22%.