{"id":27089,"date":"2023-12-29T11:10:15","date_gmt":"2023-12-29T05:40:15","guid":{"rendered":"https:\/\/www.instamojo.com\/blog\/?p=27089"},"modified":"2023-12-29T11:10:15","modified_gmt":"2023-12-29T05:40:15","slug":"ecommerce-updates-that-you-need-to-know","status":"publish","type":"post","link":"https:\/\/www.instamojo.com\/blog\/ecommerce-updates-that-you-need-to-know\/","title":{"rendered":"Recap 2023: GST, ONDC, Mahindra logistics and other eCommerce developments for you"},"content":{"rendered":"

I love doing annual recaps. It gives me the mental space to look at everything that happened in the past year that was and then evaluate how far I have come. <\/span><\/p>\n

I wanted to take this opportunity to do the same for our audiences. 2023 was pretty exciting for us. We were trying to navigate a world post-pandemic. A world where online and physical interweaved seamlessly.\u00a0 It brought new opportunities for digitally native brands to strengthen their communities offline and for retail brands to step into online spaces.\u00a0<\/span><\/p>\n

So what were some of the most significant developments in eCommerce in 2023?<\/p>\n

Here is everything that happened over the year that impacted business owners! <\/strong><\/h3>\n

1. India now ranks third in the global list for unicorns, soonicorns, and gazelles, according to Hurun’s Global Unicorn Index!\u00a0<\/strong><\/h4>\n

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Image source: Inc42 [Please note, Incred has not been included in the image]<\/figcaption><\/figure>\n

2. India saw 2 unicorns in 2023 – Zepto (a quick commerce platform) and Incred (a fintech platform)\u00a0<\/strong><\/h4>\n
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Following the fresh capital infusion, InCred has been valued at $1.04 billion and has become the second company to gain unicorn status this year, the company said in a statement.#MarketingMind<\/a> #InCred<\/a> #WhatsBuzzing<\/a> #Unicorn<\/a> #FundingAlert<\/a> pic.twitter.com\/cxXQg4jxbv<\/a><\/p>\n

\u2014 Marketing Mind (@MarketingMind_) December 26, 2023<\/a><\/p><\/blockquote>\n