GMV News

Paytm Mall, which was spun off as a separate app in April this year, expects the growth to be driven by strong demand in categories like electronics, appliances, FMCG and fashion.

Driven by festive offers and discounts on their platforms, e-commerce companies are expected to register transactions worth Rs 11,000-13,000 crore (USD 1.7-1.9 billion) in October, a report said.

India`s largest cash-back and coupons site is expecting to drive Rs. 500 crore worth of GMV this festive season (Oct-Dec).

Sequoia Capital-backed Citrus Payment Solutions, which operates online checkout and payment solution Citrus Pay, is looking to double its gross merchandise value (GMV) run rate to about USD 4 billion by the end of the fiscal.

The company, which started by offering mobile recharge and utility bill payments, now offers a full marketplace to consumers on its mobile application.

Buoyed by the robust growth in e-commerce market in India, online marketplace Shopclues expects its gross merchandise value (GMV) to hit Rs 1,500 crore for the current fiscal ending March 2015.