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eCommerce firm Amazon invests $190M into Indian Flagship Firm [Type: News]
After creating a $2 billion fund for its Indian arm in 2014, and committing another $5 billion for the same in July 2015, eCommerce firm Amazon has invested an amount of $190 million (Rs 1,237 crore) into its Indian arm- Amazon Seller Services, mak ...
SnapDeal.com launches a special Wedding Store [Type: News]
 Online marketplace, SnapDeal.com, has launched a special Wedding Store on its platform. The store will have assortment in jewellery, clothing, cosmetics, fragrances, footwear and other wedding essentials. SnapDeal has tied-up with brands lik ...
Snapdeal leaves shoppers high and dry on sales day [Type: News]
Snapdeal, one of the country's largest online retailers, did a Flipkart on Tuesday, failing to deliver on its promises of big discounts and speedy deliveries on its Savings Day sale. The mess-up evoked the ire of hundreds of online shoppers, who ...
Ecommerce Portal Firstcry Raises 26M Dollar By Valiant Capital In Series D Funding Round [Type: News]
Brainbees Pvt Ltd, parent company of kids-focussed e-commerce portal FirstCry.com, has raised a $26-million Series D funding led by San Fransico-based Valiant Capital Partners. Existing investors IDG Ventures India, Vertex and SAIF Partners, also par ...
Snapdeal acquires mobile platform startup Letsgomo enhance Mcommerce [Type: News]
E-commerce marketplace Snapdeal, which is run by Delhi-based Jasper Infotech Pvt Ltd, has acquired Letsgomo, a mobility solutions company, for an undisclosed amount, it said in a statement. The Gurgaon-based startup provides end-to-end mobility so ...
Revenue Model for Online Retailers in India [Type: News]
The marketplace e-tailers in India operate on a commission-based model, under which they receive a fee for listing plus commission on sales depending on the category. “These portals are not retailers but technology companies and are built on ...
Yet another investment of TATA in Chinese phone maker Xiaomi [Type: News]
Ratan Tata, chairman emeritus of the holding company of the Tata conglomerate, has acquired a stake in Xiaomi Technology, a deal that is likely to bolster the Chinese phone maker's presence in the world's third-largest smartphone market. Financial de ...
Snapdeal in advance talks to buy Freecharge for Rs 2,800 crore: Sources [Type: News]
 BENGALURU: Snapdeal is in advanced talks to buy online mobile recharge platform Freecharge for $450 million (Rs 2,800 crore) in what will be the biggest deal in India's consumer Internet industry, according to two people involved in the transac ...
MCommerce startup connecting grocers platform JiffStore secures funding from units seed fund [Type: News]
Bangalore-based JiffStore Software Labs Pvt Ltd, which offers mobile commerce and customer engagement solutions to grocery retailers through JiffStore.com, has raised funds in a follow-on round from Unitus Seed Fund and Times Internet Ltd. JiffS ...
Online Fashion Marketplace Jabong Poaches Snapdeal Head Of Strategy Ranjan Kant Former Lifestyle [Type: News]
Online fashion marketplace Jabong has appointed Ranjan Kant as its chief marketplace officer and Kalyan Kumar as the head of merchandise, in order to beef up the company's top management which was left in lurch when both key cofounders Praveen Sinha ...
Future Group Partners with Amazon to Sell Online; To Start by Selling Apparel [Type: News]
Online marketplace Amazon and Indian Brick and Mortar retailer-Future Group has signed an agreement to sell goods online. As part of the deal, both firms are expected to develop a new line of products across categories to be exclusively sold at Am ...
e-commerce retailer has entered the Indian market with Amazon.in [Type: News]
In 1995, Amazon.com started in the US as an online book store. Eighteen years later the world’s largest e-commerce retailer has entered the Indian market with Amazon.in, an online marketplace that offers books and movies offering up to 25 to ...
Online Pet Store DogsPot Raises Investment From Group Of Angel Investors [Type: News]
Gurgaon-based Petsglam Services Pvt Ltd, which operates online pet store DogSpot.in, has raised an undisclosed amount from Ratan Tata, chairman emeritus of Tata Sons, the holding company of the Tata group.   This marks another addition to the ...
Amazon launches automotive offering in India [Type: News]
E-commerce juggernaut Amazon has announced the launch of an automotive section on its Indian platform. The new offering will seek to provide customers access to a wide range of automotive care products, stocking a selection of over 150 domestic an ...
Cashback Deal Site Cashkaro Raises Rs 25 Crore From Kalaari Capital in Series A Funding [Type: News]
Coupons and cashback deal website Cashkaro has raised ~ $3.78 million (Rs 25 crore) in a Series A funding from Kalaari Capital. The company will use the funds for brand building, marketing and international expansion to Russia, Singapore, Malaysia an ...
Flipkart, Amazon and Snapdeal to celebrate children’s day with special contests and deep discounts [Type: News]
E-commerce giants need an excuse to celebrate. To commemorate Children's Day big e-retailers such as Flipkart, Amazon and Snapdeal are not only giving huge discounts on products but running very interesting contests as well. Flipkart has tied- ...
India Largest eCommerce Firm Flipkart Shuts Down Its Grocery Delivery App Nearby [Type: News]
India’s largest e-commerce firm Flipkart Ltd will shut its groceries delivery app, Nearby, less than five months after the company started testing it, two people familiar with the matter said.   The Nearby app was launched as an experime ...
Tata Group plans e-commerce marketplace foray under Ashutosh Pandey [Type: News]
Tata Group has started putting together a team for its proposed big-bang foray into e-commerce marketplace under Ashutosh Pandey, former COO of the Group's bookstore chain Landmark. The Group has also roped in Sarvesh Dwivedi, who has been headin ...
Smartphone Gaming Platform Gamezop Raises 350K Dollar In Seed Round Of Funding By Kwan [Type: News]
Delhi-based smartphone gaming platform, Gamezop, has raised $350K (INR 2.3 Cr.) in a seed round funding led by talent management firm Kwan.   This round also saw participation from Snapdeal’s CPO Anand Chandrasekaran, redBus co-founder P ...
Snapdeal clinches $627 million funding from Japans SoftBank [Type: News]
In another mega-deal in India's e-commerce space, Snapdeal will raise $627 million from Japan's SoftBank, a major investor in the global internet space. This will make SoftBank the largest investor in Snapdeal, a company statement said. The e-c ...
Despite unique risks, Amazon plans to go ahead with $2 billion investment in India [Type: News]
Online retail giant Amazon is planning to expand its infrastructure in India. The US-based company plans to open its second 'fulfilment' centre in Gujarat as part of its $ 2 billion investment plan for the country. According to a Economic Times ...
Indian e-commerce market to reach $20 billion next year [Type: News]
The e-commerce market in the country is expected to grow 37 per cent to reach $20 billion by next year on the back of growing internet population and increased online shoppers, a report has said. "E-commerce in India is a $11 billion market, ...
Image-based product search to revolutionise online shopping [Type: News]
In July, e-commerce major Flipkart unveiled an image search feature on its mobile app that lets consumers get more apt search results while shopping online. Via this feature, shoppers just need to click a picture or use a photo on their phone ...
Mobile services marketplace UrbanClap raises $25m from Bessemer Venture Partners and Others [Type: News]
Services marketplace UrbanClap has raised Rs 165 crore (~ $25 million) in funding led by Bessemer Venture Partners, with participation from existing investors Accel Partners and SAIF. It plans to use the funding for geographical and category expansio ...
Home Service Provider DoorMint Raises US$3M To Take On Taskbob Zimmber [Type: News]
This round is led by Helion Venture Partners and Kalaari Capital; demonstrates VC interest spike in the on-demand home services space       Consumer Internet continues to hog the limelight in India. After the massive success storie ...
Global Fashion Group Puts 20M Dollar In E-commerce Firm Jabong [Type: News]
Global Fashion Group (GFG) has given a fresh lease of life to fashion e-commerce firm Jabong by  deciding to inject $20 million more into its loss-making firm.The funds will help to keep the company afloat for one more year, the report said quot ...
Snapdeal.com likely to acquire Exclusively.in to take on rivals Flipkart-owned Myntra and Jabong [Type: News]
Snapdeal.com may be set to acquire Exclusively.in, a site that sells designer brands, as one of the country's largest online retailers looks to strengthen its fashion business to take on rivals Flipkart-owned Myntra and Jabong amid a consolidation ...
Online Retail Stores Asset Light [Type: News]
If malls are where you love to shop, then online marketplaces that host multiple stores could offer you a virtual equivalent of that experience-well, almost. A format first popularised by the San Jose-based American shopping and auction site, eBay, m ...
Tata Value Homes launches new e-commerce platform for home buying [Type: News]
Tata Value Homes (TVH), a fully-owned subsidiary of Tata Housing Development Company, has launched its new e-commerce platform for home buying, www.tatavaluehomes.com, reports the Hindu Business Line. Speaking on the sidelines of the launch, Broti ...
Any Scope For Online Art Marketplace in India [Type: News]
In the past couple of decades, the interest of people in Indian artwork has risen dramatically  across the globe. They have started recognizing it, thereby increasing its commercial value. The art industry has suddenly witnessed a growing demand ...