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In a sign of how the Covid-19 pandemic fast-tracked e-commerce adoption in India, Snapdeal Co-founder and CEO Kunal Bahl had said that the platform added 20,000 sellers and six million new buyers in the past six months alone.
Out of these 20,000 new sellers, 10,000 joined the platform in the past three months in preparation for the Diwali sales, according to Snapdeal which will host the first sale of the festival season from October 16-20.
“The pandemic has accelerated sellers adopting online channels, three years of likely progress now compressed into six months,” Bahl told IANS in an interview.
An interesting trend that has now emerged is that more manufacturers are now joining the value-focused e-commerce marketplace than ever.
Bahl said that about 5,000 manufacturers registered as sellers on the platform in the past three months.
“Historically, we have seen sellers who are traders, retailers, or wholesalers. We have now seen an acceleration of manufacturers coming online,” he said.
“That is great for them because they get nation-wide reach through our platform. That is great for customers also because we have seen they can get better prices because there are now fewer middlemen. They also get better quality products because manufacturers get feedback from consumers through our platform,” said Bahl.
Bahl started Snapdeal.com along with Rohit Bansal in February 2010. It has so far partnered with several global marquee investors and individuals such as SoftBank, BlackRock, Temasek, Foxconn, Alibaba, eBay Inc., Premji Invest, Intel Capital, Bessemer Venture Partners, and Ratan Tata, among others.
Snapdeal said that many of the new sellers are coming from much smaller cities than previously, indicating that e-commerce penetration in the country has gone even deeper into the country over the past few months.
“For instance, in the run-up to Diwali, we have had sellers join us from Kalol (Gujarat) for lighting products, from Rewa (Madhya Pradesh) for gaming accessories, from Hansi (Haryana) for sports goods, from Krishnagiri (Tamil Nadu) for fashion jewelry, etc. We, of course, continue to onboard sellers from bigger centers like Delhi-NCR, Meerut, Navi Mumbai, Vashi, Surat, etc,” the Snapdeal CEO said.
However, even though consumers in the country are still aspirational and are planning to purchase products despite the Covid-19 setback, they have become very conscious about the value they get from them.
“We have seen that there is a gravitation towards value merchandise… So there is a general flight towards value happening across consumer segments during this time,” Bahl said, adding that the value market in India, at $163 billion, is 3X of the branded market at $55 billion.
“So lower-priced items of good quality are need of the hour,” he said.
The Snapdeal CEO said that the platform has put in place a system to ensure that even the value products sold on the platform are safe and meet quality standards.
“When sellers register on our platform and list their products, they are required to sign a contract and give us an undertaking that they are adhering to all the necessary regulations pertaining to the product category they are operating in,” he said.
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“At the same time, there is also a rating and review mechanism. If the rating falls below a certain threshold, the platform stops sending traffic to the product,” Bahl said.
Snapdeal, which boasts of 500,000 registered sellers on the platform, said that it is ruthless to those trying to sell sub-standard products. (IANS)
By- Digital Hub
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The prestigious British-based, Booker Prize, is one of the most prestigious and acclaimed awards given annually to the best work of fiction. This award is given to a work of fiction which is primarily written in English language and published in the United Kingdom or Ireland by the writers of any nationality.
This year, six authors were nominated for their work of fiction, and the winner will be announced on the 3rd of November.
The books which were shortlisted for the prestigious Booker Prize 2021 are:
1. The Fortune Men by Nadifa Mohamed
British-Somali writer, Nadifa Mohamed's novel, 'The Fortune Men', is a chilling reimagining of Mahmood Mattan's story. Mattan, who is the main character in the book, was a Somali seaman who was wrongfully imprisoned and executed for a murder in Wales.
2. Bewilderment by Richard Powers
Pulitzer-winner, Richard Powers' book is a story of a young astrobiologist, who is in search of finding life on other planets, and his troubled son, Robin. The book is a mixture of sci-fi and family romance. Interestingly, this is Powers' first book after winning the Pulitzer Prize in the year 2019.
3. Great Circle by Maggie Shipstead
This book is about the lives of pilot Marian Graves and Hadley Baxter, who was a troubled Hollywood actress. In the 1950s, Marian embarked on a journey to travel the world but then disappeared without a trace. Fifty years later, Hadley is drawn to play Marian's character, which indirectly leads her to probe the mysteries of the latter's life.
4. No One is Talking About This by Patricia Lockdwood
This is the first book by the American poet and memoirist. " 'No One Is Talking About This' is like a love letter to the endless scroll and a profound, modern meditation on love, language, and human connection from a singular voice in American literature," reads the book's blurb. This book was also one of the finalists for this year's Women's Prize for Fiction.
5. A Passage North by Anuk Arudpragasam
The Sri Lankan author's book tells the story of a young man who travels to Sri Lanka's war-torn North. The story deals with the themes of loss, longing, the legacy of war, and how it affects everyone. The author had earlier won the DSC Prize for his debut book "The Story of a Brief Marriage".
6. The Promise by Damon Galgut
Damon Galgut is a South African author. In this book, the author pens down the story about a white South African family living around in Pretoria, and the crisis they face during the last few years because of apartheid.
Today, 17 September,marks the 133rd birth anniversary of Michiyo Tsujimura, who was a Japanese scientist, and worked extensively on decoding the nutritional value of green tea.
Tsujimura spent her early career as a science teacher. And, in 1920, she chased her dream of becoming a scientific researcher at the Hokkaido Imperial University, where she began to analyse the nutritional properties of Japanese silkworms, in which she was very much interested.
After a few years, Tsujimura transferred to the Tokyo Imperial University, and began researching the biochemistry of green tea alongside Dr. Umetaro Suzuki, who is well known for his discovery of vitamin B1.
In their joint research in this area, it was revealed that green tea contained significant amount of vitamin C, which is the first of many, yet unknown molecular compounds in green tea.
Later on, in 1929, Tsujimura isolated catechin, which is bitter ingredient of tea. Then, the next year, she isolated tannin, which is an even more bitter compound. All these findings formed the foundation for her doctoral thesis– "On the Chemical Components of Green Tea", and through all this hard work, she graduated as Japan's first woman doctor of agriculture in the year 1932.
Moreover, Tsujimura also made history as an educator when she became the first ever Dean of the Faculty of Home Economics at the Tokyo Women's Higher Normal School in the year 1950.
Even today, a stone memorial in honor of Dr. Michiyo Tsujimura’s achievements can be found in her birthplace of Okegawa City.