Jio Financial Services, which was recently spun off from Reliance Industries and listed as a separate entity, made a strong showing in the September quarter.
The share of online sales for Rakhis has increased from 1.5% in 2018 to 7% in 2022, as e-commerce firms report a rise in demand from both metro cities and tier 1 and 2 cities. Amazon, Myntra, and Meesho have all witnessed significant growth in Rakhi orders, with Meesho reporting a 2.5 times increase in demand post-pandemic. Ferns N Petals (FNP) has also seen substantial website traffic growth from tier 2 and 3 cities, with one-third of their annual business revenue generated during Rakshabandhan.
SoftBank-backed e-commerce firm Meesho has delisted nearly 42 lakh counterfeit and infringing product listings and 10 lakh restricted products in the past six months, the company said on Wednesday. The total deactivated products account for less than 5 per cent of the total products listed on Meesho's platform, a company official said. Meesho said its "Project Suraksha"