{"id":15413,"date":"2020-11-01T15:41:09","date_gmt":"2020-11-01T10:11:09","guid":{"rendered":"https:\/\/swaritadvisors.com\/learning\/?p=15413"},"modified":"2021-03-22T18:34:03","modified_gmt":"2021-03-22T13:04:03","slug":"licenses-required-to-start-an-e-commerce-business","status":"publish","type":"post","link":"https:\/\/swaritadvisors.com\/learning\/licenses-required-to-start-an-e-commerce-business\/","title":{"rendered":"Licenses Required to Start an E-Commerce Business in India"},"content":{"rendered":"\n<p class=\"has-drop-cap\">In India, the E-commerce industry is witnessing significant growth due to the increasing count of smartphones and internet penetration. The same is boosting due to the rising internet service providers and the commencement of 3G and 4G services as well. In this blog, we will discuss the concept and licenses required to Start an E-commerce Business in India.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2b59a426751\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2b59a426751\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/swaritadvisors.com\/learning\/licenses-required-to-start-an-e-commerce-business\/#Concept_of_E-Commerce_Business\" title=\"Concept of E-Commerce Business\">Concept of E-Commerce Business<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/swaritadvisors.com\/learning\/licenses-required-to-start-an-e-commerce-business\/#Benefits_of_E-Commerce_Business\" title=\"Benefits of E-Commerce Business\">Benefits of E-Commerce Business<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/swaritadvisors.com\/learning\/licenses-required-to-start-an-e-commerce-business\/#Growth_of_E-Commerce_Business_Sector_in_India\" title=\"Growth of E-Commerce Business Sector in India\">Growth of E-Commerce Business Sector in India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/swaritadvisors.com\/learning\/licenses-required-to-start-an-e-commerce-business\/#Market_Trends_of_2019_for_the_Leading_Sectors_of_E-Commerce_Industry\" title=\"Market Trends of 2019 for the Leading Sectors of E-Commerce Industry\">Market Trends of 2019 for the Leading Sectors of E-Commerce Industry<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/swaritadvisors.com\/learning\/licenses-required-to-start-an-e-commerce-business\/#Statistics_on_the_Growth_of_the_E-Commerce_Industry\" title=\"Statistics on the Growth of the E-Commerce Industry\">Statistics on the Growth of the E-Commerce Industry<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/swaritadvisors.com\/learning\/licenses-required-to-start-an-e-commerce-business\/#Major_Developments_in_E-Commerce_Industry_in_2020\" title=\"Major Developments in E-Commerce Industry in 2020\">Major Developments in E-Commerce Industry in 2020<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/swaritadvisors.com\/learning\/licenses-required-to-start-an-e-commerce-business\/#August_2020\" title=\"August 2020\">August 2020<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/swaritadvisors.com\/learning\/licenses-required-to-start-an-e-commerce-business\/#January_2020\" title=\"January 2020\">January 2020<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/swaritadvisors.com\/learning\/licenses-required-to-start-an-e-commerce-business\/#February_2020\" title=\"February 2020\">February 2020<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/swaritadvisors.com\/learning\/licenses-required-to-start-an-e-commerce-business\/#April_2020\" title=\"April 2020\">April 2020<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/swaritadvisors.com\/learning\/licenses-required-to-start-an-e-commerce-business\/#May_2020\" title=\"May 2020\">May 2020<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/swaritadvisors.com\/learning\/licenses-required-to-start-an-e-commerce-business\/#Major_Developments_in_E-Commerce_Industry_in_2019\" title=\"Major Developments in E-Commerce Industry in 2019\">Major Developments in E-Commerce Industry in 2019<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/swaritadvisors.com\/learning\/licenses-required-to-start-an-e-commerce-business\/#August_2019\" title=\"August 2019\">August 2019<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/swaritadvisors.com\/learning\/licenses-required-to-start-an-e-commerce-business\/#September_2019\" title=\"September 2019\">September 2019<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/swaritadvisors.com\/learning\/licenses-required-to-start-an-e-commerce-business\/#November_2019\" title=\"November 2019\">November 2019<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/swaritadvisors.com\/learning\/licenses-required-to-start-an-e-commerce-business\/#Licenses_Required_to_Start_an_E-Commerce_Business\" title=\"Licenses Required to Start an E-Commerce Business\">Licenses Required to Start an E-Commerce Business<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/swaritadvisors.com\/learning\/licenses-required-to-start-an-e-commerce-business\/#Business_Registration\" title=\"Business Registration\">Business Registration<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/swaritadvisors.com\/learning\/licenses-required-to-start-an-e-commerce-business\/#Sole_Proprietorship\" title=\"Sole Proprietorship \">Sole Proprietorship <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/swaritadvisors.com\/learning\/licenses-required-to-start-an-e-commerce-business\/#Partnership_Firm\" title=\"Partnership Firm\">Partnership Firm<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/swaritadvisors.com\/learning\/licenses-required-to-start-an-e-commerce-business\/#Private_Limited_Company\" title=\"Private Limited Company\">Private Limited Company<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/swaritadvisors.com\/learning\/licenses-required-to-start-an-e-commerce-business\/#One_Person_Company\" title=\"One Person Company\">One Person Company<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/swaritadvisors.com\/learning\/licenses-required-to-start-an-e-commerce-business\/#Limited_Liability_Partnership\" title=\"Limited Liability Partnership\">Limited Liability Partnership<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/swaritadvisors.com\/learning\/licenses-required-to-start-an-e-commerce-business\/#Goods_and_Service_Tax\" title=\"Goods and Service Tax\">Goods and Service Tax<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/swaritadvisors.com\/learning\/licenses-required-to-start-an-e-commerce-business\/#Shop_and_Establishment_Act\" title=\"Shop and Establishment Act\">Shop and Establishment Act<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/swaritadvisors.com\/learning\/licenses-required-to-start-an-e-commerce-business\/#Trademark_Registration\" title=\"Trademark Registration\">Trademark Registration<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/swaritadvisors.com\/learning\/licenses-required-to-start-an-e-commerce-business\/#Documents_Required_to_Start_an_E-commerce_Business\" title=\"Documents Required to Start an E-commerce Business\">Documents Required to Start an E-commerce Business<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/swaritadvisors.com\/learning\/licenses-required-to-start-an-e-commerce-business\/#Terms_of_Use\" title=\"Terms of Use\">Terms of Use<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-28\" href=\"https:\/\/swaritadvisors.com\/learning\/licenses-required-to-start-an-e-commerce-business\/#Privacy_Policy\" title=\"Privacy Policy\">Privacy Policy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-29\" href=\"https:\/\/swaritadvisors.com\/learning\/licenses-required-to-start-an-e-commerce-business\/#Disclaimer_Format\" title=\"Disclaimer Format\">Disclaimer Format<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-30\" href=\"https:\/\/swaritadvisors.com\/learning\/licenses-required-to-start-an-e-commerce-business\/#Refund_Return_and_Cancellation_Policy\" title=\"Refund, Return and Cancellation Policy\">Refund, Return and Cancellation Policy<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-31\" href=\"https:\/\/swaritadvisors.com\/learning\/licenses-required-to-start-an-e-commerce-business\/#Additional_Contracts_Required_to_Start_an_E-commerce_Business\" title=\"Additional Contracts Required to Start an E-commerce Business\">Additional Contracts Required to Start an E-commerce Business<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-32\" href=\"https:\/\/swaritadvisors.com\/learning\/licenses-required-to-start-an-e-commerce-business\/#Vendor_Agreements\" title=\"Vendor Agreements\">Vendor Agreements<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-33\" href=\"https:\/\/swaritadvisors.com\/learning\/licenses-required-to-start-an-e-commerce-business\/#Service_Level_Agreements\" title=\"Service Level Agreements\">Service Level Agreements<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-34\" href=\"https:\/\/swaritadvisors.com\/learning\/licenses-required-to-start-an-e-commerce-business\/#Employment_Contracts\" title=\"Employment Contracts\">Employment Contracts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-35\" href=\"https:\/\/swaritadvisors.com\/learning\/licenses-required-to-start-an-e-commerce-business\/#HR_Document\" title=\"HR Document\">HR Document<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-36\" href=\"https:\/\/swaritadvisors.com\/learning\/licenses-required-to-start-an-e-commerce-business\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Concept_of_E-Commerce_Business\"><\/span>Concept of E-Commerce Business<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The term \u201cE-commerce or Electronic Commerce\u201d denotes a business platform on which the transactions are done electronically. Just like a physical market, an e-commerce website deals with the buying and selling of goods or services and transfer of funds as well.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Benefits_of_E-Commerce_Business\"><\/span>Benefits of E-Commerce Business<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The benefits of starting an E-commerce Business in India are as follows:<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/10\/Benefits-of-E-Commerce-Business-3.png\" alt=\"E-Commerce Business benefits\" class=\"wp-image-15433\" width=\"498\" height=\"318\" srcset=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/10\/Benefits-of-E-Commerce-Business-3.png 946w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/10\/Benefits-of-E-Commerce-Business-3-300x192.png 300w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/10\/Benefits-of-E-Commerce-Business-3-768x491.png 768w\" sizes=\"(max-width: 498px) 100vw, 498px\" \/><\/figure><\/div>\n\n\n\n<ol><li>Reduces Inventory Cost<\/li><li>Requires Less Manpower<\/li><li>Minimizes Labour Cost<\/li><li>Provides Doorstep Delivery<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Growth_of_E-Commerce_Business_Sector_in_India\"><\/span>Growth of E-Commerce Business Sector in India<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The factors that are involved in the growth of the E-commerce Business Sector in India are as follows:<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/10\/Growth-of-E-Commerce-Business-Sector-in-India-1.png\" alt=\"E-Commerce Business Growth\" class=\"wp-image-15429\" width=\"550\" height=\"383\" srcset=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/10\/Growth-of-E-Commerce-Business-Sector-in-India-1.png 1000w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/10\/Growth-of-E-Commerce-Business-Sector-in-India-1-300x209.png 300w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/10\/Growth-of-E-Commerce-Business-Sector-in-India-1-768x535.png 768w\" sizes=\"(max-width: 550px) 100vw, 550px\" \/><\/figure><\/div>\n\n\n\n<ol><li>Technological Disruption as more people have digital devices and smartphones now.<\/li><li>Digital India<\/li><li>Cashless India Initiatives are taken by the Government.<\/li><li>Telecom Advancement in the country as more of 3G, 4G, and Broadband Connectivity at affordable rates.<\/li><li>Increase in the Net Earnings of the Individuals.<\/li><li>Increase in the Disposable Income of the Individuals.<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Market_Trends_of_2019_for_the_Leading_Sectors_of_E-Commerce_Industry\"><\/span>Market Trends of 2019 for the Leading Sectors of E-Commerce Industry<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Market Trends of 2019 for the Leading Sectors in the E-commerce Industry can be summarised as:<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" loading=\"lazy\" width=\"616\" height=\"362\" src=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/10\/Market-trends-2019.png\" alt=\"Market trends 2019\" class=\"wp-image-15416\" srcset=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/10\/Market-trends-2019.png 616w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/10\/Market-trends-2019-300x176.png 300w\" sizes=\"(max-width: 616px) 100vw, 616px\" \/><\/figure><\/div>\n\n\n\n<p><strong>1<sup>st<\/sup> Quarter<\/strong>: Miscellaneous<\/p>\n\n\n\n<p><strong>2<sup>nd<\/sup> Quarter<\/strong>: Books<\/p>\n\n\n\n<p><strong>3<sup>rd<\/sup> Quarter<\/strong>: Beauty and Personal Care<\/p>\n\n\n\n<p><strong>4<sup>th<\/sup> Quarter<\/strong>: Home and Furnishing<\/p>\n\n\n\n<p><strong>5<sup>th<\/sup> Quarter<\/strong>: Apparels<\/p>\n\n\n\n<p><strong>6<sup>th<\/sup> Quarter<\/strong>: Electronics<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Statistics_on_the_Growth_of_the_E-Commerce_Industry\"><\/span>Statistics on the Growth of the E-Commerce Industry<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>As per a recent report published by the India Brand Equity Foundation (IBEF) on 21.10.2020, the Indian E-commerce Industry is projected to grow to theUS $200 billion by the end of 2026 from the US $38.5 billion as of 2017. Moreover, the same is expected to cross the US $84 billion by the end of 2021.<\/p>\n\n\n\n<p>Further, the revenue generated from the E-commerce sector is projected to increase to theUS $120 million by the end of 2020 from the US $39 billion in 2017. Also, the same is rising at an annual rate of 51%, which is the highest in the world.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Major_Developments_in_E-Commerce_Industry_in_2020\"><\/span>Major Developments in E-Commerce Industry in 2020<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The major developments in E-commerce\nIndustry in 2020 are as follows:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"August_2020\"><\/span>August 2020<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Reliance Industries (RIL) had acquired 60% shareholding in Netmeds, an online pharmacy store, for Rs 620 crores (the US $84.61 million). Further, this acquisition gave RIL\u2019s retail unit, access into a vertical e-commerce space.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"January_2020\"><\/span>January 2020<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The Divine Solitaires had launched its E-commerce platform.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"February_2020\"><\/span>February 2020<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Flipkart had set up a \u201cFurniture Experience Center\u201d in Kolkata. It is its first offline presence store in eastern India.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"April_2020\"><\/span>April 2020<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The Reliance Industries (RIL) had started its home delivery service of essential items in partnership with some local Kirana stores in Thane, Navi Mumbai, and Kalyan.<\/p>\n\n\n\n<p>Further, in the same month the Swiggy had received an additional US $43 million funding as a part of its ongoing Series I round.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"May_2020\"><\/span>May 2020<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>PepsiCo India had partnered with Dunzo for some snack food brands that include Kurkure, Lay\u2019s, Doritos and Quaker.<\/p>\n\n\n\n<p>In the same month, the chocolate maker Hershey India entered into a partnership with Swiggy and Dunzo to start their flagship online store to increase their customer reach.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Major_Developments_in_E-Commerce_Industry_in_2019\"><\/span>Major Developments in E-Commerce Industry in 2019<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The major developments in E-commerce\nIndustry in 2019 are as follows:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"August_2019\"><\/span>August 2019<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Amazon\nhad acquired 49% of the shareholding in a unit of Future Group;<\/p>\n\n\n\n<p>Further, in the same month, Reliance Industries had decided to invest Rs 2 lakh crores (the US $2.86 billion) in its Telecom Business to expand its e-commerce and broadband presence and to offer 5G services as well;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"September_2019\"><\/span>September 2019<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>PhonePe had launched its super-app platform named, \u201cSwitch\u201d to offer a one-stop solution for the customers integrating into several other merchants applications;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"November_2019\"><\/span>November 2019<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Nykaahad opened its 55th offline store for marking success in both tier II and tier III cities.<\/p>\n\n\n\n<p><b>Also, Read:<\/b> <mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/swaritadvisors.com\/learning\/the-impact-of-new-fdi-on-e-commerce-retailers-and-business\/\">The Impact Of New FDI On E-Commerce Retailers And Business<\/a><\/mark><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Licenses_Required_to_Start_an_E-Commerce_Business\"><\/span>Licenses Required to Start an E-Commerce Business<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The licenses required to Start an E-commerce Business in India are as follows:<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/10\/Licenses-Required-to-Start.png\" alt=\"Licenses Required for Commerce Business\" class=\"wp-image-15421\" width=\"345\" height=\"444\" srcset=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/10\/Licenses-Required-to-Start.png 777w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/10\/Licenses-Required-to-Start-233x300.png 233w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/10\/Licenses-Required-to-Start-768x988.png 768w\" sizes=\"(max-width: 345px) 100vw, 345px\" \/><\/figure><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Business_Registration\"><\/span>Business Registration<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In the first step, the proposed business\nowner needs to get his\/ her business registered from either of the options of\nbusiness structure available as follows:<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Sole_Proprietorship\"><\/span>Sole Proprietorship <span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>The term \u201cSole\nProprietorship\u201d denotes a business format that is owned and managed by only one\nnatural person. That means the proprietor or owner is solely responsible and\nliable for all the business liabilities. <\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Partnership_Firm\"><\/span>Partnership Firm<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>The term \u201cPartnership\nFirm\u201d denotes a business format that needs at least 2 people to start an\ne-commerce business in India. The partners of this format are personally and\nseverally liable to bear all the firm liabilities.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Private_Limited_Company\"><\/span>Private Limited Company<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>The term \u201cPrivate Limited Company\u201d denotes a business format that requires a minimum of 2 and a maximum of 200 members to start an e-commerce business in India. However, in this format, the members are personally and severally liable to bear the company\u2019s liabilities.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"One_Person_Company\"><\/span>One Person Company<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>The concept of One Person Company or OPC\nis very much similar to the concept of Private Limited Company. However, the\nmain difference between the two is that the former requires only 1 person for\nits incorporation and the latter needs at least 2 members for its\nincorporation.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Limited_Liability_Partnership\"><\/span>Limited Liability Partnership<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>LLP or Limited Liability Partnership is a blend structure of Private Limited Company and Partnership Firm. It provides both flexibility in Internal Management and Limited Liability to its partners.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Goods_and_Service_Tax\"><\/span>Goods and Service Tax<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>If an individual wants to start an e-commerce business anywhere in India, besides the North-Eastern States, then he\/ she needs to apply for <a href=\"https:\/\/swaritadvisors.com\/gst-registration\" class=\"text-primary\"><strong>GST Registration<\/strong><\/a> when the annual turnover exceeds the threshold of Rs 20 lakhs.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Shop_and_Establishment_Act\"><\/span>Shop and Establishment Act<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>If the owner wants to access the mode of Payment Gateway, then he\/she needs to acquire the Shop and Establishment License. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Trademark_Registration\"><\/span>Trademark Registration<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The term <strong><a href=\"https:\/\/swaritadvisors.com\/trademark-registration\" class=\"text-primary\">Trademarks Registration<\/a><\/strong> signifies a symbolic representation that aims to protect and guard the domain name, brand name, slogan, logo, etc. Further, it is a must requirement for anyone who wants to start an e-commerce business in India. <\/p>\n\n\n\n<p>Also, this symbolic representation restricts everyone from using a name, slogan, logo, etc, without obtaining prior approval or permission from the Trademark Holder.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Documents_Required_to_Start_an_E-commerce_Business\"><\/span>Documents Required to Start an E-commerce Business<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The website documents required to start an E-commerce Business in India are as follows:<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/10\/preview-lightbox-Website-Documents-Required-to-Start-an-E-commerce-Business-heading.png\" alt=\"E-commerce Business Documents Required\" class=\"wp-image-15440\" width=\"472\" height=\"472\" srcset=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/10\/preview-lightbox-Website-Documents-Required-to-Start-an-E-commerce-Business-heading.png 1000w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/10\/preview-lightbox-Website-Documents-Required-to-Start-an-E-commerce-Business-heading-150x150.png 150w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/10\/preview-lightbox-Website-Documents-Required-to-Start-an-E-commerce-Business-heading-300x300.png 300w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/10\/preview-lightbox-Website-Documents-Required-to-Start-an-E-commerce-Business-heading-768x768.png 768w\" sizes=\"(max-width: 472px) 100vw, 472px\" \/><\/figure><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Terms_of_Use\"><\/span>Terms of Use<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The Terms of Use\nDocument includes the mission and vision of the e-commerce company. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Privacy_Policy\"><\/span>Privacy Policy<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The manner in which the information and\ndetails of the user, visitor, or client will be managed by the company is\ncovered under the Privacy Policy document. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Disclaimer_Format\"><\/span>Disclaimer Format<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A disclaimer format acts as a shield for\nthe business as it frees it from any liability arising out of the content\nposted by any user or the third party.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Refund_Return_and_Cancellation_Policy\"><\/span>Refund, Return and Cancellation Policy<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>All the conditions relating to the product return, order return, order cancellations by the customer are covered under the Refund, Return, and Cancellation Policy.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Additional_Contracts_Required_to_Start_an_E-commerce_Business\"><\/span>Additional Contracts Required to Start an E-commerce Business<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Additional Contracts required to start an E-commerce Business in India are as follows:<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/10\/Additional-Contracts-Required-to-Start-an-E-commerce-Business-1.png\" alt=\"Additional Contracts for E-commerce Business\" class=\"wp-image-15427\" width=\"500\" height=\"321\" srcset=\"https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/10\/Additional-Contracts-Required-to-Start-an-E-commerce-Business-1.png 1000w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/10\/Additional-Contracts-Required-to-Start-an-E-commerce-Business-1-300x193.png 300w, https:\/\/swaritadvisors.com\/learning\/wp-content\/uploads\/2020\/10\/Additional-Contracts-Required-to-Start-an-E-commerce-Business-1-768x493.png 768w\" sizes=\"(max-width: 500px) 100vw, 500px\" \/><\/figure><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Vendor_Agreements\"><\/span>Vendor Agreements<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The term \u201c<a href=\"https:\/\/swaritadvisors.com\/vendor-agreement\" class=\"text-primary\"><strong>Vendor Agreement<\/strong><\/a>\u201d denotes an agreement signed between the e-commerce company and its product vendors. Further, this document lays down the conditions concerning to the supply of goods, quality standards, and prices.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Service_Level_Agreements\"><\/span>Service Level Agreements<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The term <strong><a href=\"https:\/\/swaritadvisors.com\/servicelevel-agreement\" class=\"text-primary\">Service Level Agreements<\/a><\/strong> denotes an agreement that defines the terms and conditions concerning to any business services benefited by the e-commerce retail store, such as internet services, logistics, etc.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Employment_Contracts\"><\/span>Employment Contracts<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The term \u201cEmployment Contract\u201d denotes\nan agreement that lays down the terms and conditions of employment for both the\nstaff and employees.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"HR_Document\"><\/span>HR Document<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The term \u201cHR Document\u201d denotes a\ndocument that includes all the details regarding the following:<\/p>\n\n\n\n<ol><li>HR policies<\/li><li>Procedures concerning Code of Conduct<\/li><li>Promotions<\/li><li>Complaints<\/li><li>Appraisals<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In a nutshell, the fastest, easiest, and most convenient model to grow a business in India is to start an e-commerce business. Also, it is a relaxed way to reach a global platform. <\/p>\n\n\n\n<p>Further, this business platform aims to reduce inventory cost, require less manpower, and minimize labor costs, and is the most convenient and simplest option for the customers to get their products and services at their doorsteps and fingertips.<\/p>\n\n\n\n<p><b>Also, Read:<\/b> <mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/swaritadvisors.com\/learning\/step-by-step-guide-to-mergers-and-acquisition-in-e-commerce\/\">Step by Step Guide to Mergers and Acquisition in E-commerce<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In India, the E-commerce industry is witnessing significant growth due to the increasing count of smartphones and internet penetration. The same is boosting due to the rising internet service providers and the commencement of 3G and 4G services as well. In this blog, we will discuss the concept and licenses required to Start an E-commerce [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":15423,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[401],"tags":[854],"_links":{"self":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/15413"}],"collection":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/comments?post=15413"}],"version-history":[{"count":25,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/15413\/revisions"}],"predecessor-version":[{"id":18314,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/15413\/revisions\/18314"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/media\/15423"}],"wp:attachment":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/media?parent=15413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/categories?post=15413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/tags?post=15413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}