Tag Archives: ECommerce

Hristo is cofounder and CEO of Scala Hosting and SPanel.io—a cloud-savvy, serial startup entrepreneur.

To say that the e-commerce industry has been booming in recent years would be an understatement. Online shopping was already quite popular, but e-commerce sales skyrocketed when everyone was locked in their homes during the pandemic.

Consider the fact that retail e-commerce sales are expected to reach $6.15 trillion by the end of 2023. But owning an online business involves far more than just publishing a website and watching the profits rake in. You will find yourself in a highly competitive ecosystem. The number is expected to rise to $8.1 trillion by 2026. Also, there are currently between 12 to 24 million online shops, which range from Amazon and Alibaba to…

Hristo is cofounder and CEO of Scala Hosting and SPanel.io—a cloud-savvy, serial startup entrepreneur.

To say that the e-commerce industry has been booming in recent years would be an understatement. Online shopping was already quite popular, but e-commerce sales skyrocketed when everyone was locked in their homes during the pandemic.

Consider the fact that retail e-commerce sales are expected to reach $6.15 trillion by the end of 2023. But owning an online business involves far more than just publishing a website and watching the profits rake in. You will find yourself in a highly competitive ecosystem. The number is expected to rise to $8.1 trillion by 2026. Also, there are currently between 12 to 24 million online shops, which range from Amazon and Alibaba to…

E-commerce revenue in the U.S. was estimated to be $768 billion last year and it is expected to exceed $1.3 trillion in the next three years. E-commerce revenue in India is projected to touch $57.70 billion i.e. around INR 475 billion in 2023 according to Statista. If you are in the retail space, creating an e-commerce site can allow you to get a share of that pie. Here’s how to build an e-commerce website in just seven steps.

The gross merchandise value of India’s internet economy, encompassing fintech, SaaS, B2C and B2B e-commerce, will hit $1 trillion by 2030 driven by increased private consumption in Tier 2 geographies, digital public infrastructure and global investments in the country’s technology sector, according to a report authored by Google, Bain and Temasek.

India’s Increased Internet Economy

According to the report, the value of India’s internet economy in 2022 was estimated to be in the range of $155 billion to $175 billion. The report highlights that the growth of the internet economy will be primarily driven by the business-to-consumer (B2C) e-commerce sector, followed by business-to-business (B2B) e-commerce, software-as-a-service (SaaS) providers, and online media platforms, with…

Temu, an e-commerce platform that’s been gathering millions of users since its September 2022 launch, has maintained the top spot as the most downloaded app in the U.S. throughout 2023. The Temu app was recently recognised as an Editor’s Choice on the Google Play app store. 

In the wake of a splashy Super Bowl ad encouraging users to “shop like a billionaire” on the app, Temu garnered a reputation for offering surprisingly inexpensive products, from clothing to electronics. These low prices have spurred a trend of shoppers posting about their “Temu hauls” on social media, but they’ve also led some to question how such low prices are possible.

The Google Play recognition lends credence to Temu’s claim that its low prices are not due to lower quality items but rather to…