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Top 15 Most Popular eCommerce Websites in the USA

Well, things weren’t the same as a decade ago, right? From purchasing perishable goods from the marketplace to getting them online within an hour, we have adopted new things along with the changes happening around us.

If you go back to the 1980s, we never thought that we could transfer goods through an electronic portal that literally created platforms for many forms of business from B2B to B2C in marketing fashion, gadgets, groceries, books, home appliances, Beauty, Fitness and other products at affordable rates.

Sometimes, it leaves us with only one choice: purchase certain products online, like heated butter knives, which are only available online and can’t be easily marketable physically. Ecommerce created a trustable platform for products that can be operated online making everything an easy and reliable platform for customers as well as sellers.

We all know that the USA is the second-largest penetrated eCommerce market in the world, following China for the year 2022. In this article, we see the most used eCommerce websites in the USA.

Amazon

Name	Amazon
Founders	Jeff Bezos
Founded On	1994
Headquarters	Seattle, and Arlington, U.S.
Total Number of Stores Worldwide	600+ (2024)
Website	www.amazon.com

We all definitely made at least one purchase from Amazon in our life, right? Amazon is the world’s largest online retailer in 1995 as an online bookseller by Jeff Bezos in his garage. Speaking of its largest online shopping site, the platform allows you to find literally everything from A to Z.

According to CNBC, in 2017, Amazon was responsible for 45% of eCommerce sales in the US. Besides, the platform offers its own standalone services such as Echo & Alexa, fire TV, Kindle, and Amazon Prime video and music.

Walmart

Name	Walmart
Founders	Sam Walton
Founded On	1962
Headquarters	Bentonville, Arkansas, U.S.
Total Number of Stores Worldwide	10,623 (2023)
Website	www.walmart.com

Walmart is an American multinational retailer corporation that has headquarters in the US, so typically, people from the US know this platform very well and operate a chain of hypocenters and e-commerce websites.

The company was launched by Sam Walton in 1962 in Arkansas, United States, and is now operating 10,623 stores & 24 clubs all over the world with 46 different brand names.

In fact, Walmart is nothing but Flipkart in India, which looks similar to Flipkart in terms of marketing various products. Surprisingly, Walmart acquired a 77% controlling stake in Flipkart in 2018. The company is functioning successfully not only in India but also in the UK, Central America, South America, China, and Canada.

Almost 95% of US consumers have once shopped in a Walmart store or on its website in the year 2016, according to data published on CNBC.

Target

Name	Target Stores
Founders	George D. Dayton
Founded On	1962
Headquarters	Minneapolis, Minnesota, US
Total Number of Stores Worldwide	1956 (2024)
Website	www.target.com

Target is an American big box departmental store chain that is a general merchandise retailer selling products through its stores and digital channels. In this way, US consumers get to purchase various products from nearby outlets as well as from Target shopping sites.

At first, the company was established as a discount division of Dayton’s department store in 1962 and expanded its business in the 1980s with 2000 stores worldwide. Notably, Target is the seventh largest retailer in the US after 1938 stores throughout the United States as of 2021 reports.

eBay

Name	eBay
Founders	Pierre Omidyar
Founded On	1995
Headquarters	San Jose, California, U.S.
Total Number of Stores Worldwide	8,85,000 (2024)
Website	www.ebay.com

eBay is an online portal that facilitates B2B and B2C sales internationally. eBay is nothing but an auction platform that allows users to list items for sale as well as buy goods & services worldwide. eBay was founded by Pierre Omidyar in 1995.

Since eBay is an international online shopping site, without any doubts, eBay has over 19 million US seller accounts with more than 109 million visitors to the website each month. As a result, more than three out of ten users are US citizens, with approx. 66 million mobile users in total.

Aside from that, corporate vendors and full-time entrepreneurs on the eBay platform alone generated over 690,000 jobs, with rural and small-town merchants accounting for more than a quarter of all US sellers.

Home Depot

Name	The Home Depot
Founders	Bernard Marcus Arthur Blank Ron Brill Pat Farrah Ken Langone
Founded On	1978
Headquarters	Atlanta, Georgia · U.S.
Total Number of Stores Worldwide	2,335 (2023)
Website	www.homedepot.com

Usually, we tend to emphasize the home interior, exterior, and other improvements when upgrading your house to a bigger or even more modern one.

As a result, The Home Depot is an American multinational and the largest home improvement retailer in the world, which deals in selling materials associated with home improvement or home decor products. It was co-founded by Bernard Marcus, Arthur Blank, Ron Brill, Pat Farrah, and Ken Langone in 1987.

Home Depot runs more than 2300 stores in the US, accounting for $151 Billion US dollars and a huge contribution to the United States economy in the past two years, making it the world’s largest home improvement retailer.

Etsy

Name	Etsy
Founders	Robert Kalin · Chris Maguire · Haim Schoppik · Jared Tarbell
Founded On	2005
Headquarters	Brooklyn, New York, U.S.
Total Number of Stores Worldwide	–
Website	www.etsy.com

Usually, people are inspired by a lot of handmade & craft items and love to wear vintage items. That’s why Etsy is an American eCommerce company that was incorporated in 2005 to create a platform for small businesses to sell their handmade craft or vintage supplies as well as buy a variety of goods.

It was incorporated back in 2015 by the joint efforts of Robert Kalin, Chris Maguire, Haim Schoppik, and Jared Tarbell. Etsy became the most popular online retail store ahead of Home Depot and Target, connecting more than 82 million buyers to 45 million sellers and generating $15 billion in sales as of 2021.

Lowe’s

Name	Lowe’s
Founders	Lucius Smith Lowe
Founded On	1921
Headquarters	Mooresville, North Carolina, US
Total Number of Stores Worldwide	1746 (2023)
Website	www.lowes.com

Being the world’s second-largest home improvement company, Lowe’s biggest competitor is Home Depot, which shares the same customer base in the USA and Canada. Both companies also rank among the most visited ecommerce websites, attracting customers with their online offerings in addition to their brick-and-mortar stores.

Lowe’s was established as an American home improvement retailer in 1921 by Lucius Lowe, who sells home appliances, tools, building supplies, carpet, lighting & ceiling fans, windows, doors, and more.

Since Lowe’s operates a retail chain across the USA and Canada, over $90 million in sales have been generated by US retailers in 2021.

Kroger

Name	Kroger
Founders	Bernard Kroger
Founded On	1883
Headquarters	Cincinnati, Ohio, U.S.
Total Number of Stores Worldwide	2,849 (2023)
Website	www.kroger.com

Kroger is the largest supermarket and multi-departmental store operating throughout the United States. It was started back in 1883 by Bernard Kroger. It is a budget-friendly grocery store, where middle-class families make a lot of purchases from Kroger that shop for food like meats at very affordable rates.

Kroger has claimed to be the world’s largest supermarket chain that excelled in adapting to changes & shifts among their target audience and competitors like Walmart.

Wish

Name	Wish
Founders	Piotr Szulczewski · Sheng Zhang
Founded On	2010
Headquarters	San Francisco, U.S.
Total Number of Stores Worldwide	–
Website	www.wish.com

It is an America-based eCommerce company that facilitates a business relationship between sellers and buyers. Wish became the world’s most downloaded shopping app in 2018, with the majority of consumers being USA mobile users. It was founded by Piotr Szulczewski and Danny Zhang in 2010.

Wish eliminates third parties or intermediates by selling products directly to customers at very cheap shipping rates. In addition, Wish is the third-largest eCommerce company in the United States in terms of sales.

Ikea

Name	Ikea
Founders	Ingvar Kamprad
Founded On	1943
Headquarters	Delft · Netherlands
Total Number of Stores Worldwide	471 (2023)
Website	www.wish.com

We must have heard of Ikea, which is popularly known even in India, where you could get home furniture, designs, and other decorations at affordable rates and high quality. Ikea is renowned as the largest furniture retailer in the world, which was founded by Ingvar Kamprad in 1943.

Ikea is currently operating its business in over 50+ countries with 422 stores as of the 2021 report. Apart from that, the company has gained nearly 490 million customers who visited online shopping sites in the USA, which impacted a strong performance in FY20, with $4.7 billion USD in total sales.

Business Model of IKEA

Best Buy

Name	Best Buy
Founders	Richard M. Schulze · James Wheeler
Founded On	1966
Headquarters	Richfield, Minnesota · U.S.
Total Number of Stores Worldwide	1,144 (2023)
Website	www.bestbuy.com

It has been one of the most popular American multinational consumer electronics retailers since 1966, from the time of its introduction by Richard M. Schulze and James Wheeler. Moreover, the company has ranked in many lists of top companies throughout the years and is the third top online store for electronic sales.

It officially started as an online store in 2000. In 2020, Best Buy is titled the largest specialty retailer in the US consumer electronic retail industry. Besides, the online company has gained a lot of recognition over the years.

The online store is best known for its nationally focused sales and net revenue around the United States of America. As a whole, most American Electronic and Media products are purchased through Best Buy’s official website.

Costco

Name	Costco
Founders	James Sinegal · Jeffrey Brotman
Founded On	1983
Headquarters	Issaquah, Washington · U.S.
Total Number of Stores Worldwide	839 (2023)
Website	www.costco.com

United States of America’s largest chain of member-only big box retail sellers, Costco, is the fifth largest retailer in the world. Often praised for its competitive pricing and wide selection, Costco has expanded its presence in top online shopping sites since its founding by James Sinegal and Jeffrey Brotman in 1983.

Costco is famous for selling branded merchandise at the best possible price for its consumers. In no time, Costo embraced eCommerce and is remembered as a go-to website that offers unlimited products under different categories.

A new Costco Grocery service, launched in October 2017, delivers nonperishable goods two days a week and provides free shipping on orders over 75 dollars. And over the years, Costco has seen a tremendous increase in profits, especially in eCommerce.

Wayfair

Name	Wayfair
Founders	Niraj Shah · Steve Conine
Founded On	2002
Headquarters	Boston, Massachusetts, U.S.
Total Number of Stores Worldwide	–
Website	www.wayfair.com

Wayfair is an online American eCommerce company. It is best known for selling furniture and home goods online. It was founded by Nirav Shah and Steve Conine in 2002. The e-commerce company offers over 33 million products from around a thousand global-level suppliers.

And in 2022, Wayfair is almost set to open its first physical retail store in Lynnfield. Wayfair has superb expert customer service, from the latest tools to making shopping easier than ever expected.

It stands first for helping everyone online with things related to home. The bottom line is that Wayfair is the destination for people who love to create their own spaces.

Mercari

Name	Mercari
Founders	Shintaro Yamada, Ryo Ishizuka, Tommy Tomishima
Founded On	2013
Headquarters	Minato, Tokyo, Japan
Total Number of Stores Worldwide	–
Website	www.mercari.com

Mercari might be a Japanese eCommerce company, but the majority of its revenue and headquarters are from the United States. The key feature of Mercari is its marketplace app, which was launched in Japan in 2013 as a community-powered marketplace. And subsequently, it flourished in America in 2014, followed by the UK in 2015. Shintaro Yamada, Ryo Ishizuka, and Tommy Tomishima introduced it.

Mercari has paved the path for various eCommerce retail sellers, whose first product (marketplace app) enables users to buy and sell items on their smartphones in a fraction of a second. On the other hand, it also collaborated with other American multifarious labels, including USPS, UPS, and FedEx.

Poshmark

Name	Poshmark
Founders	Manish Chandra · Tracy Sun · Chetan Pungaliya · Gautam Golwala
Founded On	2011
Headquarters	Redwood City, California, US
Total Number of Stores Worldwide	–
Website	www.poshmark.com

The Poshmark marketplace, one of the top ecommerce sites, allows users to buy and sell new and used clothing, home goods, and electronics. Currently, there are over 80 million users on the platform, with more than 200 million listings. Poshmark was inaugurated in 2011 by Manish Chandra, Tracy Sun, Gautam Golwala, and Chetan Pungaliya.

It is now one of the leading suppliers of eCommerce shipping solutions. Poshmark brings together physical shopping’s human connection and the scale, ease, and selection benefits of eCommerce for easy, social, and sustainable buying and selling.

Conclusion

The use of eCommerce has increased over time. The USA is the second largest e-commerce market, just after China. Each country has its own list of best working e-commerce sites for its citizens.

The top eCommerce platforms in the United States are discussed above. The list of the platforms includes names like Amazon, Ikea, Poshmark, Mercari, Wayfair, Costco, Best Buy, Wish, Kroger, Lowe’s, Etsy, Home Depot, eBay, Target, and Walmart.

FAQs

Which is a US-based popular e-commerce company?

Amazon is an America-based company that is also known as one of the biggest e-commerce platforms in the World.

Who is Amazon’s biggest e-commerce competitor?

Some of Amazon’s biggest e-commerce competitors are Alibaba, eBay, Walmart, etc.

Which e-commerce platform is best in the USA?

Some of the best e-commerce platforms in the USA are Amazon, Ikea, Poshmark, Mercari, Wayfair, Costco, Best Buy, Wish, Kroger, Lowe’s, Etsy, Home Depot, eBay, Target, and Walmart.

Is Shopify popular in the USA?

In the calculation of Shopify users by country, 70% of Shopify stores are under Shopify USA, with this information we can say that Shopify is popular in the USA.

Which are the most popular websites in the USA?

The most popular websites in the USA include Google, YouTube, Facebook, Amazon, and Wikipedia. These sites consistently rank high in terms of traffic and user engagement.

Which are the most visited e-commerce websites?

The most visited e-commerce websites globally include Amazon, Alibaba, eBay, Walmart, and JD.com. These platforms consistently attract high volumes of online shoppers due to their diverse product offerings and convenient shopping experiences.

April 17, 2024

Best Health and Wellness Business Ideas for Aspiring Entrepreneurs

The health and wellness industry has experienced significant growth in recent years. More people are becoming aware of the importance of self-care, physical fitness, and mental well-being, driving this growth. They are seeking products and services to help them care for themselves better. This trend presents a unique opportunity for aspiring entrepreneurs to start their own health and wellness businesses.

With the right approach, these ideas can be turned into successful businesses that help people lead healthier and happier lives. This article will explore ten innovative health and wellness business ideas that may inspire you to embark on your entrepreneurial journey and make a difference in people’s lives.

Herbalist Practice
Virtual Wellness Coaching Platform
Plant-Based Meal Delivery Service
Personal Chef
Essential Oils Business
Healthy Restaurant or Café
Fitness Subscription Box Service
Mobile Health Clinic
Wellness Tourism Company
Health and Wellness Podcast

Herbalist Practice

With the increasing demand for natural remedies for various health concerns, herbalism using herbs for medicinal purposes has become increasingly popular. As an aspiring entrepreneur in this field, you can establish a thriving practice by offering a range of services, such as herbal consultations, customized herbal remedies, and educational workshops on the benefits of herbal medicine.

To create a successful brand that promotes holistic healing, you can source high-quality herbs from reliable suppliers and build strong relationships with local growers. This will enable you to offer your clients diverse herbs that effectively treat various health conditions. By providing personalized consultations, you can understand your client’s needs and develop customized herbal remedies that work best for them. Additionally, organizing workshops and events can help educate people about herbal medicine’s benefits and raise awareness about the importance of using natural remedies.

Virtual Wellness Coaching Platform

In recent years, virtual wellness coaching has gained popularity for individuals to receive tailored guidance on their fitness, nutrition, and overall well-being. By leveraging the power of digital platforms and connecting users with certified wellness coaches, virtual wellness coaching offers a convenient and accessible way for clients to achieve their health goals from the comfort of their homes. Through video consultations, interactive tools, and personalized guidance, users can receive the support they need to make lasting lifestyle changes and improve their overall quality of life. Whether through personalized meal planning, customized exercise routines, or stress management techniques, virtual wellness coaching can assist individuals in taking control of their health and achieving their full potential.

The Most Easily Scalable Online Fitness Coaching Business Model

Plant-Based Meal Delivery Service

As more people adopt plant-based diets, there is a growing demand for meal delivery services that provide nutritious and delicious meals made entirely from plant-based ingredients. If you’re the founder of such a service, you can collaborate with experienced chefs to create healthy and flavorful plant-based recipes that cater to your customers’ dietary needs and preferences.

Your plant-based meal delivery service can offer a variety of meal plans and options, including gluten-free, soy-free, nut-free, and organic options, to accommodate different dietary restrictions. By sourcing high-quality and locally grown ingredients, you can ensure that your meals are healthy and sustainable but also tasty and satisfying.

As the founder of a plant-based meal delivery service, you have the chance to positively impact people’s lives by providing them with healthy and delicious plant-based meals that are good for their bodies and the environment.

Personal Chef

Hiring a personal chef can be a game-changer for those who lead busy lives or have dietary restrictions. As a personal chef entrepreneur, you can provide customized meal preparation services that cater to your client’s specific nutritional needs and preferences. This can range from developing weekly meal plans, cooking for special events, or even teaching cooking classes. By offering your services, you can help your clients enjoy delicious, nutritious meals without the hassle of cooking and meal planning themselves.

You can work with your clients to create meals that align with their unique health goals, dietary restrictions, or food preferences. Additionally, you can save your clients time and energy by taking care of grocery shopping, meal preparation, and clean-up. By providing this personalized service, you can positively impact your clients’ lives by helping them maintain a healthy and balanced diet while freeing up their time for other essential activities.

Essential Oils Business

The popularity of essential oils has grown in recent years due to their therapeutic properties and natural fragrances. If you’re interested in starting your own essential oils business as an entrepreneur, you can begin by sourcing high-quality oils from reputable suppliers and creating unique blends for aromatherapy, skincare, and home cleaning products. It’s important to educate your customers on the numerous benefits of essential oils and offer a range of products that meet their needs to build a loyal customer base passionate about natural health and wellness. To ensure your business’s success, it’s vital to maintain transparency and honesty in your business practices while providing top-quality products and excellent customer service. With dedication and hard work, you can establish a thriving business in the essential oils industry and help people lead healthier, happier lives.

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Healthy Restaurant or Café

As more people prioritize their health, the demand for dining establishments that prioritize fresh, wholesome, and nutritious ingredients grows. If you are the founder of a healthy restaurant or cafe, you can create a menu that tastes great and is suitable for your customers. You can achieve this by sourcing your ingredients locally and using organic produce to create flavorful and nourishing dishes that cater to various dietary needs and preferences.

To attract health-conscious customers, creating a welcoming atmosphere that promotes a sense of community and wellness is essential. This can be achieved by designing your space as inviting, comfortable, and calming. Additionally, organizing community wellness initiatives such as nutrition workshops, cooking classes, and fitness sessions can encourage healthy habits among your customers.

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Fitness Subscription Box Service

As a fitness subscription box service creator, you can curate a personalized selection of fitness gear, healthy snacks, supplements, and wellness products tailored to inspire and support your customers on their fitness journeys.

Subscription boxes have emerged as a popular and convenient way for consumers to discover new products and services delivered straight to their doorsteps. By partnering with leading brands and experts in the health and fitness industry, you can provide your subscribers with valuable resources and motivation to stay active and healthy.

The fitness subscription box can include various products, including resistance bands, yoga mats, water bottles, protein bars, vitamins, and more, all carefully selected to help your customers achieve their fitness goals. You can also include expert tips, workout routines, and nutrition advice from top fitness professionals. This content can help your subscribers stay motivated and engaged with their fitness journeys, providing them with a well-rounded experience beyond just the products themselves.

Mobile Health Clinic

Access to healthcare is still limited for many people, particularly those residing in underserved communities. However, a mobile health clinic can provide essential medical care and preventive services to those in need. As the founder of a mobile health clinic, working with healthcare professionals can offer services such as primary care, health screenings, vaccinations, and health education in convenient locations such as community centers, schools, and churches. This can help address the healthcare needs of underserved populations and make a meaningful impact on community wellness.

Furthermore, collaborating with insurance companies, government agencies, and non-profit organizations that support such initiatives can help build a sustainable business model. In addition to providing medical care, focusing on preventive care and health education can empower communities to take control of their health and well-being. This can include offering nutrition counseling, exercise programs, mental health counseling, and substance abuse prevention. A more comprehensive and effective healthcare system that benefits everyone, regardless of income or social status, can be created by taking a holistic approach to healthcare.

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Wellness Tourism Company

The popularity of wellness tourism is on the rise as people seek immersive experiences that promote relaxation, rejuvenation, and personal growth. As the owner of a wellness tourism company, you can create customized and tailored wellness retreats, wellness-focused travel itineraries, and transformative wellness experiences in destinations worldwide.

Collaborating with luxury resorts, wellness retreat centers, and local experts can help you offer travelers unique and unforgettable wellness journeys that nourish the body, mind, and soul. Your expertise and creativity can assist in creating experiences that address your client’s specific needs and desires, such as meditation, yoga, spa treatments, healthy cuisine, or outdoor activities. You can also craft bespoke programs that cater to solo travelers, couples, families, or corporate groups.

Your wellness tourism company can provide personalized wellness consultations, itinerary planning, transportation, accommodation, and guided experiences. By delivering high-quality services and exceptional customer experiences, you can establish yourself as a trusted and reliable provider of wellness travel, helping your clients achieve their wellness goals and create lifelong memories.

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Health and Wellness Podcast

As a host of a health and wellness podcast, you can create a unique space for yourself in the industry by using the power of audio to discuss various aspects of physical, mental, and emotional well-being. Podcasting has emerged as a powerful and effective platform for sharing knowledge and connecting with audiences interested in health and wellness topics. You may interview experts, share personal stories, and provide valuable insights on different topics such as nutrition, fitness, mental health, and more. Additionally, podcasting can help you monetize your content as you build your audience and attract sponsorships or partnerships with brands aligned with your values and mission. This can generate revenue while providing value for your listeners.

FAQs

How can an herbalist practice be a successful business?

For a herbalist practice to be a successful, the business should, Source quality herbs, provide personalized consultations and host educational workshops.

What are the benefits of virtual wellness coaching?

Virtual wellness coaching Offers convenient, personalized guidance on fitness, nutrition, and well-being.

How can a plant-based meal delivery service succeed?

For a plant-based meal delivery service to be successful, the business should, Collaborate with chefs, offer diverse meal plans, use high-quality local ingredients.

April 17, 2024
Varco Leg Care Secures $0.5 Million Seed Funding Led by Sunicon Maiden Fund
- The funds will be used to grow R&D, marketing and offline presence.
- The company’s valuation has grown by 2x in the past 10 months.
16th April 2024, National: New Delhi-based Varco Leg Care, the world’s first dedicated leg care brand, has raised a cumulative of US$ 0.5 Million (over INR 4.5 Cr) in seed funding while doubling its valuation within a span of only 10 months. The recently concluded seed round was led by Sunicon Maiden Fund, an early-stage venture fund curated by Sunicon Ventures.

Varco Leg Care will be utilizing the newly acquired seed capital to strategically bolster capabilities across various fronts, which include enhancing offline touchpoints, advancing research and development (R&D) initiatives, and scaling and optimizing marketing efforts. Additionally, the company would be allocating significant funds and resources in the near future towards enhancing its credibility furthermore with expansion of its existing IP portfolio (4 patents have been filed by Varco till date), as well as publishing its in-house conducted clinical studies’ findings in various reputable medical journals.

Speaking about the latest fundraise, Anondeep Ganguly, CEO, Varco Leg Care said, “We are elated to announce our seed fundraise led by Sunicon Maiden Fund, signifying their strong vote of confidence in Varco’s groundbreaking approach to leg health management. This capital infusion serves as a major milestone in our growth journey; it not just propels us in boosting our customer base, supply chain and offline visibility, but will also be playing a pivotal role in advancing our steadfast commitment to presenting robust clinical evidence-based research and solutions. We are not only emphasizing and focusing on extensive clinical trials but also leveraging a pioneering low-friction technology to establish and validate that evidence. Going ahead, as we grow and scale exponentially and remain committed to delivering superlative leg health solutions, we shall continue placing the needs of our valued customers at the heart of our R&D initiatives”.

Saloni Jain, Founding Partner, Sunicon Ventures said, “We are proud to back Varco Leg Care, India’s first digital-native consumer healthcare brand revolutionizing leg care. With a team boasting 30 years of research and a strong IP portfolio, Varco is set to transform diabetic foot and varicose vein treatment. We at Sunicon are excited to support Varco’s mission in reshaping healthcare accessibility and outcomes across India”.

As a digital-native consumer healthcare brand, Varco Leg Care has witnessed phenomenal growth of late, with a staggering 110 per cent increase in the brand’s revenue over the past one year. The credit for such remarkable growth can be majorly attributed to the introduction of Varco’s flagship low-friction self-care technology, which enables users to actively self-diagnose their leg health, enhances personalized recommendations and improves treatment adherence for consumers.

With a 42 per cent customer retention rate, Varco Leg Care has successfully earned the trust of consumers across India and the world. Since its inception in 2022, Varco has served more than 5 lakh customers, and expanded its presence to 3000+ medical stores across Mumbai, Bangalore, Delhi, and other Indian cities. Their products have already gained traction in Walmart USA, and are available pan-India at organized retail outlets such as Guardian Pharmacy, Noble Plus, Wellness Forever, and others. Whereas on the online front, Varco Leg Care sells its products through its own website, as well as via marketplaces like Amazon, Flipkart, 1MG, etc.

About Varco Leg Care

Varco Leg Care is the world’s first leg care dedicated brand, committed to revolutionizing leg health management through innovative digital solutions. By leveraging cutting-edge technology and clinical expertise, we empower individuals to take control of their leg health, promoting early intervention and proactive self-care.

Poised to lead globally in leg care, Varco has created a wide range of leg care products that address the end-to-end leg health needs of customers worldwide. Our high-quality, science-backed products target leg health issues like varicose veins, diabetic foot, foot ulcer, restless leg syndrome, and so on. We have also launched the world’s first artificial intelligence-powered leg health test, which harnesses the power of AI and neural algorithms to provide users with unprecedented levels of personalization in addressing their existing leg health conditions.

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April 16, 2024
Surge in the E-commerce Industry: WorkIndia Provides In-Depth Insights on its Market Dynamics

National, 16 th April 2024: The e-commerce sector, a driving force in modern commerce, continues to demonstrate resilience and growth. WorkIndia, a leading tech-driven blue-collar recruitment platform reveals key insights into its intricate dynamics across the key aspects of this sector’s composition and growth trajectory.

In terms of geographic concentration, Tier 1 cities lead the e-commerce landscape, collectively contributing 45% to sectoral growth. Cities like Delhi and Mumbai stand out significantly with contributions of 33.4% and 18.9% respectively, highlighting their pivotal roles as e-commerce hubs.

Bengaluru (12.4%) and Pune (9.7%) also make notable contributions, reflecting their status as key tech centers. Tier 2 (26.7%) and Tier 3 (28.3%) cities, although representing a significant portion (54.9%) of the market, show potential for further penetration and growth, presenting opportunities for expansion and investment. This underscores the concentration of e-commerce activity in major urban centers, with potential for development in smaller cities and towns.

The data also sheds light on the demographics of e-commerce users, revealing notable trends across different age groups. The age group of 18-29 emerges as a dominant force with a substantial proportion of 65.06%, indicating the strong engagement of younger individuals in online shopping activities. The 30-39 age group follows suit with 15.59%, demonstrating sustained interest among young adults.

However, participation gradually declines with age, with the 40-49 and 50+ age groups representing smaller percentages of 4.11% and 1.31% respectively. This trend underscores the preference for e-commerce among younger age brackets, aligning with their tech-savvy nature and digital adoption tendencies.

Marketing takes the lead with a substantial share of 21.32%, underscoring its pivotal role in promoting and selling products or services online. Business Development closely follows at 18.40%, emphasizing the sector’s focus on expanding market reach and cultivating strategic partnerships.

Software Developers constitute 15.47%, highlighting the crucial role of technological innovation and infrastructure in enhancing e-commerce platforms. Accounts and Distribution & Merchandising sectors contributed significantly with 37.70% and 4.33% respectively, showcasing the importance of financial management and streamlined supply chain operations. This distribution underscores the multifaceted nature of e-commerce, where diverse skill sets converge to drive growth and competitiveness.

Commenting on the same, Mr. Nilesh Dungarwal, Co-Founder and CEO, WorkIndia said, “The rapid growth of the e-commerce industry not only signifies technological advancement but also brings tangible benefits to blue-collar workers. This sector’s expansion creates a myriad of job opportunities across various roles, from logistics and warehouse operations to delivery services, providing meaningful employment avenues for blue-collar workers. Additionally, e-commerce platforms empower these workers with flexibility, accessibility, and the potential for career growth within a dynamic and evolving industry. As the e-commerce landscape continues to flourish, we are committed to fostering an inclusive ecosystem that uplifts and empowers blue-collar workers, driving economic prosperity and societal progress.”

These insights into the evolving dynamics of the e-commerce sector provide valuable guidance for businesses and stakeholders, shaping strategic decisions and fostering sustainable growth in this dynamic industry.

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April 16, 2024
Internshala Jobs Unveils New Report: Navigating GenZ Workplace Expectations in 2024: Insights for HR Professionals

67% GenZ job seekers prioritise learning and growth opportunities over salary packages; Genz is highly optimistic in finding Internshala Jobs, the jobs arm of career-tech platform, Internshala, has released a pioneering report titled “Navigating GenZ Workplace Expectations in 2024: Insights for HR Professionals”. This report provides an in-depth exploration of the expectations, aspirations, and preferences of GenZ individuals as they enter the workforce, offering invaluable guidance for HR professionals navigating this new landscape.

The report sheds light on key motivating factors for GenZ job seekers, revealing that 67% prioritise learning and growth prospects offered by organisations. This highlights their strong desire for continuous skill enhancement and career advancement. Salary packages rank as a priority for 25% of GenZ, while only 4% are motivated by company culture, and 3% by brand reputation. Additional perks like health insurance and ESOPs are a motivator for just 1% of applicants.

The report also highlights GenZ’s optimism in finding a job, with 52% feeling highly optimistic and an additional 23% somewhat optimistic. Work-life balance emerges as a top priority for 84% of GenZ job seekers, with 45% favouring a hybrid work model, 31% preferring remote work, and only 21% opting for traditional in-office setups.

Employer preference among GenZ is diverse, with 40% gravitating towards established brands, 30% showing interest in startups, and 21% preferring small to medium-sized enterprises (SMEs). The report also emphasises the importance of reputation management, with 39% of GenZ job seekers relying on review platforms like Glassdoor to assess potential employers, and 30% relying on the company’s website and online presence.

Furthermore, nearly half (49%) of GenZ individuals view job hopping positively, indicating a willingness to explore diverse career paths. Achieving work-life balance is cited as the primary measure of career success for 48% of GenZ job seekers, followed by financial stability at 29% and career advancement at 12%.

When evaluating potential employers, GenZ focuses on career development opportunities (42%), promotion prospects (38%), and organisational growth trajectory (14%). Access to professional development and advancement opportunities is a priority for 41% of GenZ job seekers, followed by job security (34%) and flexibility in working hours (25%).

GenZ’s perception of AI varies, with 57% viewing it as a valuable asset and 13% anticipating significant changes in job roles. Diversity and inclusion are highly important for 67% of GenZ job seekers, while 70% prioritise companies with sustainability efforts and environmental policies.

GenZ Workplace Report

On Internshala Jobs, peak job application period for GenZ was observed from May to August, with management roles (45%) and engineering roles (32%) being the most popular. Business Development (Sales) and Human Resources (HR) were the top job profiles, and Delhi-NCR emerged as the leading region for job seekers.

Overall, the report provides valuable insights into GenZ’s expectations and preferences in the workplace, highlighting the need for employers to adapt their recruitment and retention strategies accordingly.

Krishna Raghavan, Ex-Chief People Officer (CPO), Flipkart, commented, “As HR leaders, we must deeply acknowledge the profound emphasis GenZ places on continuous learning and personal growth. The fact that 67% of GenZ job seekers prioritise these opportunities speaks volumes about their hunger for development. It’s not just about offering training programs; it’s about creating a culture that thrives on curiosity and innovation, where every individual feels empowered to grow and evolve professionally. By nurturing this thirst for knowledge within our organisations, we not only attract top-tier GenZ talent but also cultivate a workforce that’s primed for success in the ever-evolving landscape of tomorrow’s workplace.”

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On rolling out the report on GenZ’s job Expectations, Sarvesh Agrawal, Founder and CEO, Internshala Jobs, said “With the rapid influx of GenZ job seekers into the market, it has become increasingly crucial for HR professionals to delve deeper into understanding the nuanced expectations and aspirations of this demographic. To capture a comprehensive understanding of the preferences, motivations, and priorities of this burgeoning talent pool, we have conducted this survey, encompassing insights from over 4700 actively job-seeking GenZers. This report offers invaluable insights into the mindset of GenZ individuals as they navigate the landscape of employment opportunities.”

He added, “One key highlight for me in the report is that as we navigate the ever-evolving terrain of GenZ expectations, one thing remains abundantly clear, that is, the importance of technology and its impact on the future of work. With 57% GenZers viewing AI as a valuable asset and 11% perceiving it as a transformative force, it is evident that GenZ individuals embrace innovation with open arms. As HR leaders, it is crucial that we harness this enthusiasm for technology, leveraging AI solutions to streamline processes, drive efficiency, and unlock new opportunities for growth. By embracing a tech-forward approach, we would not only stay ahead of the curve but also would be able to position our organisations as trailblazers in the digital age, attracting top-tier GenZ talent who are eager to shape the future with us.”

Reflecting on the insights in the report, Megha Goel, Chief Human Resources Officer (CHRO) at Godrej Properties Limited, said, “Reflecting on the insights from the survey, it’s evident that GenZ individuals are driven by purpose and values that transcend mere job titles and salary packages. They expect their roles to add true and long-term value to all their stakeholders like business, customers, employees, communities, and environment at large and are keen to work for organisations who deliver these promises through affirmative on-ground actions. As HR professionals, it falls upon us to champion these values within our organisations, not just as buzzwords but as guiding principles that shape our culture and identity. By actively promoting diversity, equity, and sustainability initiatives, we not only attract GenZ talent but also cultivate a workplace where every individual feels valued, respected, and empowered to make a meaningful difference. This isn’t just about recruitment; it’s about shaping the future of work in a way that’s inclusive, ethical, and truly transformative.”

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300 Smallholder Farmers From Ratnagiri Come Together To Launch Aamoré: A New Way To Experience Alphonso Mangoes

New Delhi, 15th April 2024 – Konkan Ratnagiri Bhoomi Agro Producer Company owned and managed by Ratnagiri Farmers, today launched Aamoré – a new D2C brand of Alphonso mangoes owned by smallholder farmers. With a community of over 300 smallholder farmers at its core, Aamoré aims to revolutionize the global perception of Indian agriculture and the iconic Alphonso mango.

Through extensive collaboration and innovative practices, Aamoré brings the highest standards of quality and freshness to Alphonso mango lovers around the world. The initiative is focused on empowering local farmers by equipping them with the tools and knowledge necessary to produce export-ready fruit. This includes the establishment of state-of-the-art packhouse operations, sophisticated scanning technology for each mango, strategies to eliminate spongy tissue, and comprehensive traceability from farm to fork.

In the pilot year, Aamoré Alphonso mangoes are making their debut on the world stage, reaching consumers across the USA, Europe, the UK, Abu Dhabi, and select cities in India. The global launch for a product of this nature symbolizes a confident step forward for Indian smallholder farmers. Currently, customers Delhi NCR can order Alphonso mangoes from aamore.co.in.

Speaking on this landmark occasion, Ravish Chavan, Chief Program Officer, Konkan Ratnagiri Bhoomi Agro Producer Company said, “Aamoré is all about the innovation and empowerment that we strive to instil in our farming community. It is a testament to what Indian farmers can achieve with the right support and resources. By presenting Aamoré on the global market, we’re not just offering a premium product but also challenging the traditional confines of smallholder farming. Our farmers are not just cultivators; they are forward-thinking entrepreneurs ready to make their mark on the world.”

Aamoré focuses on the two core pillars of the community, the farmer and the consumer. For Farmers, it is an opportunity to realise significantly higher incomes, sustainably and independently. On the other end, for consumers worldwide, Aamoré delivers an unparalleled experience of the highest quality of Alphonso Mangoes; a fruit that is authentic GI Certified and lives up to the promise of being the King of Fruits.

Aamoré Alphonso mangoes

About Konkan Ratnagiri Bhoomi Agro Producer Company

Konkan Ratnagiri Bhoomi Agro Producer Company is a farmer-owned enterprise dedicated to uplifting the lives of smallholder farmers in India. Through innovative agricultural practices and a focus on quality and sustainability, the company aims to redefine the role of the Indian farmer on the global stage.

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Mitgo Ventures Invests In Qoala Cashback Service As A Part Of $20 Million Publisher Investments Program

16th April, 2024, New Delhi, India – Mitgo Ventures, an investment arm of one of the world’s leading MarTech companies, Mitgo Group, has invested in Spanish next-generation cashback service Qoala. It is a browser extension that allows users to get cashback and automatically apply coupons in over 4,000 stores. For Mitgo Ventures, this is one of the first investments in its new global Publisher Investments program of more than $20 million over the next two years. This investment program is accessible in the Indian market as well. Mitgo Ventures estimates that at least 15% of the overall current 20$ million investment plan will be invested in publishers from APAC.

Qoala’s browser extension has already reached an audience of 150,000 users in LATAM and Europe and is considering entering the Indian market in the future. It is a new-generation cashback service that is revolutionizing the space with their combined cashback and one-click checkout experience. The service partners with such well-known brands as Adidas, HP, Nike, IKEA, Vans, Booking.com, ASOS, AliExpress and many others.

“We are thrilled to announce a strategic investment and partnership with Mitgo Ventures, marking a significant milestone in our journey toward becoming the premier cashback solution across Europe and Latin America. This collaboration aligns us with a major industry leader, Mitgo, whose expertise and standing in the market are unparalleled. Together, we are poised to redefine the cashback landscape, leveraging our combined strengths to enhance user experiences and extend our services to over 1 million users in the coming year’s, believes Rafael Rubio, co-founder and co-CEO of Qoala.

The project team includes e-commerce specialists and second-time founders with many years of experience in the industry in focus regions. It was their strength and enthusiasm that was one of the decisive factors in attracting investment.

“We are entrepreneurs as well, and it’s great to see an energetic and inspired team that has the necessary skills in addition to passion. Qoala is great at combining both the B2C component and value to the user, as well as focus on B2B and great adaptability to large clients and their audiences. Our 10+ years of experience at the intersection of e-commerce and marketing allows us to offer dozens of ideas to accelerate their growth and increase revenue per user. And given the experience of our own startup studio and venture fund, we know 99 mistakes that most often ruin young projects, and will help Qoala avoid them," says Max Volokhov, Managing Partner at Mitgo Ventures.

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In addition to capital and expertise, Qoala will also gain the opportunity to work with an expanded number of advertisers who already partner with Mitgo Group in India, Europe and LATAM. The group currently has contracts with more than 30,000 brands and online stores.

The investment in Qoala will be the first in a series of many under the Publisher Investments program launched by Mitgo in 2023. Aimed primarily at projects working in the FinTech, smart shopping, gig economy, generative AI, HRtech, MarTech, Influencer and no-ads sectors, the program intends to help publishers solve one of the biggest issues they face: finance gaps and cash flow problems that stand in the way of growth.

Applicants must also currently – or plan to through investment – earn more than 50% of their revenue from “cost per lead”, “cost per click”, “cost per sale” and other performance-based models or have the potential to become a tech partner for affiliate publishers.

Initial investment capital of the program is at $20 million over the next two years, but this amount will increase depending on the number of promising applications from publishers. Mitgo Ventures has already received numerous applications from India, and the influx continues.

About Mitgo

Mitgo is a global tech company focused on delivering innovative solutions and promoting entrepreneurship. Mitgo offers solutions and services in the MarTech, FinTech, Smart Shopping and IT-driven Startup Incubation sectors. These currently include Admitad partner network, native advertising platform TakeAds, coupon and voucher advertising solutions FairSavings, influencer marketing platform ConvertSocial, affiliate and referral tracking software Tapfiliate, education, and vocational training network Univibes, among others.

Additionally, Mitgo functions as a venture builder for startups and individual entrepreneurs, and as an investor network, seeking to support promising new IT projects. The company, headquartered in Neckarsulm, Germany, employs over 800 specialists across 10+ offices, spanning the USA (Chicago), Europe (Amsterdam, Warsaw, Kyiv, and Tbilisi), Brasil (São Paulo), the UAE (Dubai), and India (Gurugram).

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Summer Heat Spurs Surge in Alkaline Water Purifier Demand

With summer here, the blazing heat has already hit Delhi, reaching the highest maximum temperature in April at 38 degrees Celsius. To keep cool and hydrated, people are rushing to get water purifiers. They are making sure to stay refreshed and healthy in this scorching weather.

Moreover, with the rise in sales of water purifiers, there is a perceptible shift towards alkaline water purifiers, driven by the increasing awareness of the benefits they offer over traditional RO purifiers. Unlike RO purifiers, which may strip essential minerals from water, alkaline water purifiers maintain these minerals, providing a healthier hydration option.

Recent researches has highlighted the numerous benefits of alkaline water. Studies suggest that alkaline water may enhance hydration, improve digestion, and even support the immune system. Nobel laureate Dr. Otto Warburg’s research indicates that alkaline water can facilitate better oxygen absorption in the body, potentially warding off diseases.

In line with this growing trend, DAEWOO, a leading Korean brand, has unveiled its latest innovation – the First Commercial Alkaline Water Machine and Domestic Alkaline Water Machine. This cutting-edge product combines alkaline water technology with RO, UV, and UF filtration, ensuring a comprehensive solution for commercial settings.

With features such as Antioxidant, Alkalinization, and UV-Radiation, DAEWOO’s Alkaline Water Machines offer more than just clean drinking water. They promise potential health benefits, including improved digestion, skin rejuvenation, and immune system support.

Mr. H S Bhatia, Managing Director of Kelwon Electronics & Appliances Pvt Ltd, DAEWOO’s manufacturing partner in India, emphasized the importance of employee well-being, especially in corporate environments. He noted that while many individuals are adopting alkaline water for home use, there’s a gap in access during working hours. DAEWOO’s Commercial Alkaline Water Machine aims to bridge this gap, providing a consistent supply of high-quality alkaline water in workplaces, thereby prioritizing employee health and productivity.

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Big CIO Show 2024 Paves the Way for Next-Gen Technological Leadership in AI
The 13th Edition of the Big CIO Show & Awards in collaboration with Intel as the Innovation Partner, will bring together a leading group of C-level techpreneurs, innovators, and thought leaders from diverse sectors to deliberate their transitions from business enablers to growth drivers with AI.

15 April 2024, Bengaluru: Slated for 16th April 2024 at the Sheraton Grand Whitefield, Bengaluru, Trescon’s Big CIO Show & Awards will spotlight the transformative power of Artificial Intelligence across the entire technological spectrum, highlighting its integration into hardware and software solutions that drive business and technological advances. With an assembly of over 600 C-level executives, the event is poised to be a nexus of thought leadership, offering a dynamic platform for industry pioneers to exchange insights and deliberate on the forefront of technological innovation in AI. At the Big CIO Show 2024, the emphasis on Artificial Intelligence (AI) underscores the pivotal role it has had in revolutionizing business strategies and customer engagement.

Intel, the innovation partner at the Big CIO Show, is on a mission to bring AI everywhere through its exceptionally engineered platforms, secure solutions and support for open ecosystems. They are developing technologies and solutions that empower customers to seamlessly integrate and effectively run AI in all their applications across the data center, cloud, network, edge and PC. During the event, Intel will showcase through engaging panel discussions and keynotes how its AI portfolio is fully integrated across diverse computing environments enabling customers’ AI solutions everywhere. These demonstrations will emphasize how Intel is delivering a next wave of AI platforms that will enable enterprises to drive innovation and strategically reimagine their IT.

While speaking about the event, Naveen Bharadwaj, CEO, Trescon, said,” In this era of relentless innovation, the role of the CIO is evolving rapidly. Together with their C-suite colleagues, CIOs are at the forefront of embracing digital business strategies, facilitating the emergence of future work environments, and driving organizational growth. The Big CIO Show presents a prime opportunity for the IT community to engage with CIOs, fostering collaborations that will propel their enterprises toward a progressive future.”

#BigCIO offers a comprehensive agenda with engaging keynote speeches, use-case presentations, and insightful panel discussions on topics encompassing emerging technologies, utilising low-code/no-code platforms, generative AI, and more.

Among the notable speakers at the event are:
- Saumer Kumar Phukan, Director, Head of Customer & Partner Engineering, Intel India
- Ranganath Sadasiva, Chief Technology Officer, Hewlett Packard Enterprise
- Kirti Patil, Chief Technology Officer, Kotak Mahindra Life Insurance Company Limited
- Shruti Kashyap, Chief Information Officer, Hindustan Unilever
- Krishnan Venkateswaran, Chief Digital & Information Officer, Titan Company Limited
- Sangeeta Roy, Director, Software & Services Partner Business, Sales & Marketing Group, Intel India
- Vijay Kannan, Global Head, Business Transformation & Chief Digital Officer, Godrej Consumer Products Limited
- Venkatesh Bhardwaj, Chief Technology Officer, MakeMyTrip, and more.
The show will also host the ‘Big CIO 50 Innovators Awards’ and the ‘Big CIO 50 Leaders Awards’ where industry savants will be honored for their efforts and contributions to the technology eco-space. The registration for the Big CIO Show & Awards is now open. Dive deep into the world of emerging technologies as you forge partnerships and gain actionable insights at the event. To book your tickets, visit https://bigcioshow.com/.

The 13^th edition of the Big CIO Show is supported by:
- Innovation Partner: Intel
- Gold Partner: ManageEngine, Whatfix
- Silver Partner: Nividous
- Bronze Partner: NeoSOFT, Pearson VUE, Zvlov, Magure
- Official Digital News Partners: CNBC TV18, Money Control
- Official Print Media Partner: Business Standard
About Trescon

Trescon is a pioneering force in the global business events and services sector, driving the adoption of emerging technologies while promoting sustainability and inclusive leadership. With a deep understanding of the realities and requirements of the growth markets we operate in – we strive to deliver innovative and high-quality business platforms for our clients. For more information about Trescon, visit: www.tresconglobal.com.

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GIFT City: Revving Up the Future of Motorsports with a Formula 1 Circuit
Gujarat International Finance Tec-City (GIFT City), located in Gujarat, is on the verge of a monumental addition to its infrastructure that will put it on the global racing map – the development of a Formula 1 motor racing circuit.

With an estimated cost of up to Rs 10,000 crore, this ambitious project has attracted six teams of renowned race track designers, all vying for the opportunity to leave their mark on the world of motorsports and contribute to the growth and prominence of GIFT City.

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The Importance of Motor Racing Circuits in the Sports Industry
Factors to Consider in Designing a Formula 1 Circuit
Key Challenges in Developing the Circuit in GIFT City
Estimated Cost and Economic Impact of the Motor Racing Circuit
Potential Benefits for GIFT City and the Surrounding Region
Environmental Considerations and Sustainability in the Circuit Design
Timeline and Expected Milestones for the Project
Conclusion and Anticipation for the Future of Motor Racing in GIFT City

The Importance of Motor Racing Circuits in the Sports Industry

Motor racing circuits hold a special place in the sports industry, captivating audiences with the adrenaline-fueled action they offer. As per the survey by Nielsen in 2019, India was among the top five countries by the number of fans (31.1m).

These circuits serve as the battlegrounds where drivers showcase their skills, pushing the limits of speed and precision. Not only do these events provide thrilling entertainment for spectators, but they also generate significant economic activity by attracting tourists, sponsors, and media attention.

Formula 1’s global revenue primarily comes from various sources, including broadcasting rights, race hosting fees, sponsorship deals, and merchandise sales. Broadcasting rights alone constitute a significant portion of Formula 1’s revenue, with deals worth hundreds of millions of dollars signed with broadcasters worldwide.

The addition of a Formula 1 circuit in GIFT City will not only elevate the city’s status but also bring about a range of exciting opportunities.

In the quest to design GIFT City’s Formula 1 circuit, six teams of highly esteemed race track designers had stepped up to the challenge. Each team brought their unique expertise and experience to the table. From renowned architects to motorsport specialists, these designers won’t leave any stone unturned in their pursuit of excellence.

Formula 1 News: New Tilke track in India could host F1 race https://t.co/qElgoTEmzO German Formula 1 racetrack designer Tilke is bidding to design a new F1 track in Gujarat International Finance Tec-City (GIFT City) in India. pic.twitter.com/bbSNcyg7mp

— AutoRacing1.com (@AutoRacing1) March 11, 2024

As per a report by the Economic Times, a consortium led by German Formula 1 racetrack designer Tilke, in collaboration with real estate consultancy firm CBRE and architecture firm Arcop, emerged as the top-ranked contender among six international consultants vying to design a racetrack in Gujarat’s GIFT City.

This project aims to not only establish the financial center as a global financial hub but also position it as an international sporting destination, as per the report. The Tilke-led consortium achieved a remarkable 98% score in the evaluation conducted by the Sports Authority of Gujarat on March 7-8, as per the report.

Factors to Consider in Designing a Formula 1 Circuit

Designing a Formula 1 circuit is a complex task that requires a deep understanding of the sport’s technical requirements and the ability to create a challenging yet safe track.

Factors such as track length, layout, elevation changes, and corner design all play a crucial role in determining the quality and competitiveness of a circuit. Additionally, considerations like pit lane positioning, spectator seating, and infrastructure development must be carefully planned to enhance the overall experience for everyone involved.

Designing a Formula 1 track is a complex and intricate process that requires careful planning, adherence to safety standards, and consideration of the unique challenges posed by high-speed racing. Each track offers its distinct challenges and characteristics, making it essential for designers to consider multiple factors during the planning phase. The result is a thrilling circuit that challenges drivers and delights fans around the world, said PwC India Sports Advisory Consultant Karamveer Singh Bakshi on his personal blog post at professional networking site LinkedIn.

Key Challenges in Developing the Circuit in GIFT City

Developing a Formula 1 circuit in GIFT City comes with its own set of challenges. The construction process requires meticulous planning and execution, taking into account the city’s existing infrastructure, land availability, and environmental impact. Balancing the need for speed and safety while adhering to the strict guidelines set by the International Automobile Federation (FIA) poses another significant challenge. The selected race track designer will need to navigate these obstacles to create a world-class circuit that stands the test of time.

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Estimated Cost and Economic Impact of the Motor Racing Circuit

The development of a Formula 1 circuit in GIFT City comes with a substantial price tag, estimated to be up to Rs 10,000 crore. While the initial investment may seem significant, the economic impact of the circuit is expected to be substantial. The influx of motorsports enthusiasts, tourists, and media attention will drive local businesses, hotels, and restaurants, creating job opportunities and boosting the overall economy. Additionally, the circuit will attract sponsorship deals and potentially pave the way for other motorsport-related ventures in the region.

As per experts, the Formula 1 circuit within GIFT City brings forth a multitude of ripple effects:
- Motorsport Progression: Serving as a platform to cultivate and exhibit Indian talent on the global motorsport stage.
- Enhancing Infrastructure: Driving enhancements in transportation, hospitality, and entertainment facilities.
- Stimulating Sports Sector: Igniting growth within the sports industry and attracting skilled professionals.
- International Recognition: Elevating India’s global profile and attractiveness for investment.
- Economic Implications: Generating employment opportunities, stimulating tourism, and fostering advancements in infrastructure.
Potential Benefits for GIFT City and the Surrounding Region

The introduction of a Formula 1 circuit in GIFT City holds immense potential for both the city itself and the surrounding region. Beyond the economic benefits, the circuit will elevate GIFT City’s status as a premier destination, putting it on the map alongside other global racing destinations.

The increased visibility and prestige will attract investments, spur infrastructure development, and position GIFT City as a hub for motorsports and related industries. This, in turn, will create a ripple effect, benefiting the region as a whole.

🚨 India will be up against Spain, Mexico, Indonesia, Turkey, Poland and clear favorites Qatar to bid for Summer Olympics, 2036. pic.twitter.com/iAlHYIiVIh

— Indian Tech & Infra (@IndianTechGuide) February 28, 2024

The sport activity will not only bring in huge foreign investment, global interest and tourism but also make India, a capable contender for hosting the 2036 Olympics.

In 2021, the Ahmedabad Urban Development Authority (AUDA) enlisted the services of PricewaterhouseCoopers (PwC) as its consultant. PwC identified 22 potential sites in Ahmedabad and Gandhinagar capable of hosting the Olympics. Notably, a significant sports complex known as the Sardar Vallabhbhai Patel Sports Enclave (SVPSE) is under construction in Ahmedabad, featuring multiple sporting venues.

Environmental Considerations and Sustainability in the Circuit Design

In an era of increased environmental consciousness, sustainable practices and environmental considerations play a crucial role in the design of modern motor racing circuits. The selected race track designer will need to incorporate sustainable elements into the circuit design, ensuring minimal environmental impact and maximum efficiency. From utilizing renewable energy sources for power generation to implementing water conservation measures, sustainability will be a key aspect of GIFT City’s Formula 1 circuit.

#WATCH | Chennai, Tamil Nadu: Union Minister Anurag Thakur says, “India is working towards hosting the 2036 Olympics, we are going to bid for that. I’m sure with the kind of young population and the number of athletes we have, we have become the fifth largest economy in the world… pic.twitter.com/sYjaFakWO2

— ANI (@ANI) December 22, 2023

The GIFT city places great importance on integrating environmental considerations and green building practices, maximizing the efficient use of energy, water, construction materials, and implementing effective traffic management strategies. This underscores a refined planning approach aimed at fostering sustainable development.

Timeline and Expected Milestones for the Project

Developing a Formula 1 circuit is a complex and time-consuming process. While an exact timeline for GIFT City’s circuit is yet to be finalized, several milestones can be expected along the way. These include the selection of the winning race track designer, obtaining necessary permits and clearances, land acquisition, construction and infrastructure development, and finally, the grand unveiling of the completed circuit. Each milestone will mark a significant step closer to realizing the dream of hosting Formula 1 races in GIFT City.

Conclusion and Anticipation for the Future of Motor Racing in GIFT City

As GIFT City gears up to unveil its high-speed masterpiece, the excitement in the air is palpable. The development of a Formula 1 motor racing circuit holds immense promise for GIFT City, its residents, and the entire region.

With the potential to boost the local economy, elevate the city’s status, and attract motorsports enthusiasts from around the world, the circuit represents a significant step forward in GIFT City’s journey towards becoming a global powerhouse. As the project progresses, the anticipation for the future of motor racing in GIFT City continues to build, promising a thrilling future for all involved.

FAQs

What is GIFT City?

Gujarat International Finance Tec-City (GIFT City) is a business district currently under construction in Ahmedabad district in Gujarat state, India.

Will the GIFT city get a F1 track?

GIFT City in India is making strides towards the development of a Formula 1 motor racing circuit and aims to be a potential host for the Olympics in 2036. Six teams of renowned race track designers are vying to create the circuit, with an estimated cost reaching up to Rs 10,000 crore.

When will GIFT City complete?

To support infrastructure development in and around GIFT City, the Gujarat government aims to commence operations of the metro network by July 2024. Furthermore, a 9-kilometer riverfront along the Sabarmati River adjacent to GIFT City is projected to be finished within the next 2.5 years.
April 15, 2024