D2C Pulse - Quick Commerce Love ❤️🚚
Hello! 👋 D2C Pulse is a newsletter written by the team at GlobalBees, curating happenings in the direct-to-consumer ecosystem of India. Live Commerce isn’t quite taking off the runway as it was expected. This week Google-backed ShareChat scaled down its live commerce division. The company stated that live commerce is an important, long-term strategic bet for them, however, in the immediate term, they have ‘calibrated’ the budget outlay for this area. Also, Instagram is killing live shopping in March and will focus on ads instead, this is following a similar shutdown on Facebook. The changes highlight the difficulties the U.S. market has had in making livestream shopping successful. China is looking at this trend in the eye. Apps like WeChat, Taobao Live and Douyin (China’s TikTok) have proven live shopping to be a popular endeavour and is is expected to bring in $423 billion in a year. While a shoppable video collapses the sales funnel to zero and makes attribution crystal-clear, social media platforms in the country are finding it tough. It’s a different story for the e-commerce marketplaces though. (yeah, a twist in the tale). Back in Sept 2022, Amazon Live kicked off and brought in an army of more than 150 creators to host livestreams and plug products into the videos. Flipkart is also testing a similar offering. Myntra too joined the party with the launch of M-Live. How the Indian audience laps up live streaming on marketplaces and will it drive transactions is yet to be seen. 🗞️Marketplace Updates
🍕D2C Bites
📢Leader SpeakGet the latest on what D2C Founders and Leaders had to say this week! “Search has changed drastically from horizontal search - the user journey is starting from e-commerce platforms. Secondly, most people come to a destination like ours [Flipkart] to research even when buying offline.” - Sankalp Mehrotra, VP - Monetisation, Flipkart Reads and Recommendations 📚
Master of Wipes!Listen to your inner Monica and become the Master of Wipes. Cleno has you covered- Sneakers, fridge, leather, microwave, bathroom, glass, furniture- wipes for every surface! That’s all for this week! Bye! Stay tuned for more. Liked this week’s issue? Share some love. Click the ❤️ below. |
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👗😎 Bracketing and Deinfluencing
Monday, February 13, 2023
Diabetic Socks, Furnitech and Baiting Sharks
🚀🚀10X Growth for Marketplaces
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Diabetic Socks, Furnitech and Baiting Sharks
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Tata Consolidates, Google Trends & Flipkart after sales
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AI Artwork, Great Resignation Fraud & RBI Raps
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