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"Technology has changed the way people buy products online and thanks to AI, the number of queries we receive have increased to 30-40 per day from just 10 in a week," says Krishna, founder of Keva Ayurveda.
IKEA has expressed concerns about the price-conscious buyers in India and Engman maintained that pricing could be a major challenge here.
IKEA's global design head Marcus Engman has maintained that the world's fvaourite home appliance brand will customize their products to suit the cooking needs of the Indian households.
The company plans to allocate the funds towards developing a global tech platform that supports customers as well as business partners to further RentSher's mission.
The company is also looking to grow its footprint in tier II cities.
While Myntra has seen big success online, Narayanan maintained that there has been overwhelming response to its offline stores and it had witnessed increase in sales from the localities around the Roadster store.
GST SuvidhaKendras help SMEs file their returns and make tax payments without having to invest in the necessary IT infrastructure.
When users are ready to act on their impulse, merchants have to make sure that their platforms can provide instant gratification,without any friction.
Myntra, taking cue from its earlier sale events, this time too expects tier II and III cities and towns will continue to be an important area of focus with over 60% sales coming from these regions.