Mrigank gutgutia - Latest News Update, Information, Photos & Videos on Mrigank gutgutia at Lokmat Times

New Delhi, Oct 27 Smartphones once again led the most sought-after shopping category with capturing 47 per cent of total festive sales in the seven day period (October 15-21), driven by new launches and affordable models.According to Bengaluru-based market research firm RedSeer, smartphones worth Rs 1.5 crore were sold every minute across online platforms in the first week of festive sales enabled by value selection, affordability schemes and fast delivery."In many aspects this is indeed a #festivaloffirsts for Indian eCommerce which will build a strong foundation for its future growth," said Mrigank Gutgutia, Director at RedSeer Consulting.Fashion, while not as big a sales contributor as last year, showed resilience to reach 14 per cent of the festive days sales, despite the demand for formal and festive wear still being low."Long tail categories including home and home furnishings have done better due to high demand for work-from-home and study-from-home infrastructure," the report mentioned.Smartphone brand Mi India last week said it sold 50 lakh handsets during the seven-day festive sales across Amazon, Flipkart and mi.com platforms.Chinese smartphone brand Poco sold over 10 lakh smartphones in the festive sales period on Flipkart.Flipkart earlier said that in the mobile category, the platform recorded two times growth in customers.The premium segment of smartphones saw a growth of 3.2 times, predominantly driven by Apple, Google and Samsung phones, among others.( With inputs from IANS )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Pahalgam Terror Attack

Tahawwur Rana

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

Mrigank Gutgutia, NewsFOLLOW

Mrigank gutgutia, Latest News

Technology :India's eB2B market likely to reach up to $100 bn by 2030: Report

New Delhi, June 20 India's business-to-business ecommerce market (eB2B) market is projected to reach $90-$100 billion by 2030, ... ...

Technology :India e-tailing market reached $60 bn in GMV in FY23

New Delhi, May 19 The e-tailing market in India reached $60 billion in gross merchandise value (GMV) in ... ...

International :Udaan, Jiomart led India's B2B e-com market to reach $100 bn by 2030

Bengaluru, Aug 31 India's B2B e-commerce market, led by players like Udaan and Jiomart, will reach $90-100 billion ... ...

Technology :Indians now spend 30 mins a day on consuming memes

New Delhi, Aug 22 The Indian smartphone users are spending 30 minutes a day on consuming memes and ... ...

Technology :Phones worth Rs 1.5 crore sold every minute during festive sales

New Delhi, Oct 27 Smartphones once again led the most sought-after shopping category with capturing 47 per cent ... ...