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eCommerce Website Amazon Invests 300M Dollar To Improve Services [Type: News]
After investing $250 million in December 2015, eCommerce website Amazon has now invested about $300 million in Amazon Seller Services. The capital are being used to improve warehousing, logistics and marketing services.     With this, Am ...
e-Commerce Major Snapdeal Puts 200 Employees On Notice [Type: News]
Amid growing competition from rivals like Amazon and Flipkart, e-commerce major Snapdeal has put its 200 employees on a 'performance improvement' notice under which they need to improve within a month or get terminated.   "The PIP process ...
Tolexo hires ex-Snapdeal official invest $2 mn to build mobile technology [Type: News]
Tolexo.com, an online marketplace for business goods and supplies on Wednesday said it is investing $2 mn towards building a mobile product to take its mobile initiatives further.       It recently launched a mobile app targeted to ...
Coupon sites gaining prominence among net users in India: ComScore [Type: News]
Digital marketing intelligence firm comScore’s latest report for the month of June reveals that about 10 per cent of the online population in India accessed coupon sites. The report revealed that 4.6 million Internet users aged 15 or above h ...
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 ...
SnapDeal raises $40 million Series B from Bessemer Venture Partners and existing investors [Type: News]
Daily deal site SnapDeal.com has raised $40 million in series B funding from Bessemer Venture Partners, along with contributions from existing investors Nexus Venture Partners and IndoUS Venture Partners. According to Snapdeal founder and CEO Kuna ...
Snapdeal Brings Real Estate Shopping Festival [Type: News]
Online marketplace Snapdeal on Thursday launched a week-long real estate shopping festival offering properties in a price range of Rs 20 lakh to Rs 5 crore. The shopping carnival called 'Freedom from Rent', to be held during January 14-20, will featu ...
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 ...
Hyperlocal Grocery Delivery Service PepperTap Closes Additional 4M Dollar in Series B [Type: News]
On completion of its one year of operations, PepperTap, India based on-demand hyperlocal grocery delivery service, has made multiple annoucements. It has closed its Series B round of funding; with an additional $4 million from Innoven Capital, in add ...
M-commerce to contribute up to 70 per cent of online shopping: Experts [Type: News]
Shopping online through smartphones is expected to be a game changer shortly and industry experts believe that m-commerce would contribute up to 70 per cent of their total revenues. "In India, the mobile internet traffic now outweighs pers ...
After Amazon, mobile wallet MobiKwik launches Online Diwali Mela [Type: News]
Mobile wallet MobiKwik announced the launch of MobiKwik Online Mela from October 20th – 26th. Mobikwik users can enjoy the 7-day online Diwali extravaganza across top e-commerce portals such as MakeMyTrip, ShopClues, Snapdeal, eBay India, Do ...
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 ...
Maharashtra Govt FIR Against Shopclues For Selling Drugs Online Without Prescriptions [Type: News]
According to TheTradeBoss reports, the Maharashtra state government has filed an FIR against Clues Network which runs ecommerce company Shopclues for selling drugs online without a prescription from the doctors. Shopclues was found selling terminatio ...
Mobile Wallet App MobiKwik Raises 50M Dollar Funds From Japanese And Taiwanese Investors [Type: News]
Mobile Wallet App MobiKwik, has raised about $50 million in its latest round of funding led by Japan’s GMO Payment Gateway and Taiwanese fabless semiconductor company MediaTek. Existing investors, Sequoia Capital and Asia-focused hedge fund Tre ...
Aditya Birla Groups Chairman Kumar Mangalam plans to enter Indian e-tail segment [Type: News]
Billionaire Kumar Mangalam Birla plans to enter the burgeoning Indian online market. The chairman of the $40 billion Aditya Birla group, which is engaged in businesses from mining and financial services to telecommunications, is open to either acquir ...
Reliance Retail borrow Rs 4500 crore for e-commerce boost [Type: News]
MUMBAI: Reliance Retail plans to borrow Rs 4,500 crore through term loans and debentures to build its ecommerce business and accelerate store openings in select formats as rivals intensify their efforts to expand market share. The Mukesh Ambani-contr ...
Snapdeal Invest $20M in Logistics Firm GoJavas says Delivery Time Reduced [Type: News]
Snapdeal has invested an additional $20 million in the third party logistics company gojavas. The Gurgaon-based e-commerce marketplace had previously made an undisclosed investment in gojavas as part of a strategic partnership in March 2015.  & ...
In Battle With Amazon, Flipkart Says It Is Going Back To Basics [Type: News]
India’s largest e-commerce marketplace Flipkart says it is renewing its focus on execution and is on the path to profitability. A little over four months after co-founder Binny Bansal took over as chief executive, he said that the focus on grow ...
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 ...
Ratan Tata is now in Fashion industry by investing in KAARYAH.COM [Type: News]
KAARYAH, a fashion brand for women's apparel, has raised an undisclosed amount of investment from Tata Sons' chairman Ratan Tata. This adds another online player in his portfolio. Also after this he is now chosen the fashion industry as his next vent ...
Flipkart buys Diwalidhamaka domain name [Type: News]
The festive months of September and October are extremely important for e-commerce companies like Amazon, Flipkart, Snapdeal and others.  To capitalize on the festive season sales Amazon kicked off its Diwali Dhamaka sale, while Flipkart called ...
Buyt.in raises $1M funding [Type: News]
Product discovery portal, Buyt.in has raised USD 1 million from a Delhi-NCR based marketing company, reports iamwire. The official announcement will be coming by the end of July stated the report. The marketing company will providing economic support ...
Snapdeal, Ola investors refuse SoftBank’s buyout offer [Type: News]
While finalizing the to infuse capital in online retailer Snapdeal and taxi aggregator Ola last month, Japanese telecommunications and Internet corporation SoftBank Corp had also made an offer to buyout shares of angels and some early venture-capital ...
Chefs Basket raises $6M from SAIF partners and Angel Investor [Type: News]
Ready-to-cook food startup Chefs Basket has raised $6 million from SAIF partners and angel investor Haresh Chawla in series A funding. The funding will be used towards expansion of its product range and adding new distribution channels by end of 2 ...
Unbxd Raises Funds in Series B Led by Nirvana Venture Advisors [Type: News]
Unbxd, a Bengaluru based leading provider of eCommerce product discovery software, has secured an undisclosed amount of capital in the Series B round of funding. The funding was led by entities advised and managed by Nirvana Venture Advisors, along w ...
Finally Myntra to Shutdown its Desktop version, Go App-Only [Type: News]
After closing its mobile website last month, online fashion retailer Myntra is now moving to an app-only strategy by shutting down its desktop website. The company confirmed the move by telling NDTV Gadgets it will "focus on mobile, and will soo ...
Indian E-Commerce Shoppers Doubled In Just A Year: ViziSense [Type: News]
We all know E-Commerce has been booming in India, along with M-Commerce, it is reshaping the way Indians conduct transactions. Last week, ViziSense, a platform that measures Online Audience and Ad’s in India, released a comprehensive report on ...
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 ...
mCommerce Player Paytm To Help Sellers Go Online By Investing Rs 640 Crore [Type: News]
Leading mobile wallet Paytm has set aside $100 million (about Rs 640 crore) to help sellers go online. The Noidabased mobile commerce platform, backed by Chinese ecommerce company Alibaba, is planning to subsidise sellers as it is planning to get nea ...
HMT is Shutting Dow, Goes Online to Sell Last of it Watches [Type: News]
Public sector brand, HMT Watches is planned to shut down its business operations since it has been unable to keep up with the evolving trends. It is partnering with online retailer Flipkart to sell 3,000 of the last of its stock online. The c ...