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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 ...
Flipkart and Snapdeal sell products worth Rs 600 crore each in a day [Type: News]
In one of the biggest sales days in Indian online retail market, Flipkart and Snapdeal on Monday sold products worth an estimated Rs 600 crore each even as customers complained about technical glitches, while global e-retailer Amazon continued its ow ...
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 ...
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 ...
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 ...
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, ...
Snapdeal.com launches the Online Learning and Education category on site Today [Type: News]
Online marketplace, Snapdeal.com, is venturing into the services e-commerce space, launching the Online Learning and Education category on its site today. With this, the platform will enable consumers to access a wide assortment of test preparation m ...
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 ...
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 ...
Amit agarwal logical salesman leads Amazon India as Online Retail taking off [Type: News]
It’s a Saturday afternoon in Bangalore. It’s also the weekend before Diwali, the festival of lights that sees the biggest shopping frenzy in the country. That makes it the perfect time to meet Amit Agarwal, the India head of one of the th ...
Flipkart, Myntra, Jabong, Snapdeal, among others to bring down coupon discounting to 20% by 2015 end [Type: News]
Top ecommerce companies, which have over the past couple of years lured millions of Indian consumers to shop online by offering deep discounts, have collectively reached an understanding to cut the high discounts through coupons to contain losses. ...
Amazon talks to buy a minority stake in gift card technology and retail firm QwikCilver Solutions [Type: News]
Amazon India is in advanced talks to buy a minority stake in gift card technology and retail firm QwikCilver Solutions, according to three people aware of the development. The deal, if successful, will mark the first investment in an Indian startu ...
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 ...
ECommerce Companies Like Amazon Help India Post Bolster Its Revenue By 37% [Type: News]
India Post has the largest network of post offices in world. However, it had been witnessing a continuous negative growth rate owing to lack of innovation and technical support.  For the same reason, it had a negative growth rate of 2% in year 2 ...
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 ...
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 ...
Multi-Level Marketing Companies issue notices to e-commerce sites including Snapdeal, Flipkart and eBay to stop selling their products [Type: News]
Amway, Tupperware and Oriflame have issued notices to e-commerce sites including Snapdeal, Flipkart and eBay, asking them to stop selling their products, reports the Times of India. The merchandise of these three direct sellers is not only offered ...
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 ...
Reliance Retail to start online sales of smartphones, laptops and televisions [Type: News]
Reliance Industries (RIL) plans to start online sales of mobile phones, laptops, televisions and home appliances next quarter, significantly expanding its e-commerce business currently confined to only grocery sales in Mumbai. But the country's large ...
Snapdeal logs onto rural India [Type: News]
Online retail is poised for a hyper jump into rural India. To go one up on archrival Flipkart, Snapdeal one of the country's largest e-tailers plans to tap 50 lakh low-income households in slums and villages across the country. These include pl ...
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 ...
Amazon plans it big with India Post network to ramp up its delivery mechanism [Type: News]
E-commerce giant Amazon wants to do in India what Alibaba did in China. Amazon's India head Amit Agarwal on Tuesday met telecom and IT minister Ravi Shankar Prasad and urged him to allow the use of new technologies such as real-time tracking and mon ...
MySmartPrice Raises $10 mn in series B Round from Accel Partners Helion Venture Partners [Type: News]
 MySmartPrice, a Hyderabad-based price comparison shopping and product discovery service portal, has raised $10 million (around Rs 64 crore) in a Series-B round of funding led by its existing investors Accel Partners and Helion Venture Partners. ...
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 ...
Electronics brands ask Amazon India to offer moderate discounts during Diwali sale [Type: News]
KOLKATA: Top electronics brands have asked executives at Amazon India to offer moderate discounts, not more than 15%, during its week-long Diwali sale starting October 10. This opens a few days after Flipkart's October 6 Billion Day Sale, during whi ...
E-commerce companies persuading highly qualified Indians in Silicon Valley to join board [Type: News]
As e-commerce companies scale up their businesses dramatically, they're being forced to look overseas Silicon Valley in particular for people with the skills needed to fill top positions. Flipkart, Quikr, Ibibo-Group, PolicyBazaar, Urban Ladder, CBa ...
ShopClues Launches Financing Platform Capital Wings over 150K merchants [Type: News]
Ecommerce player ShopClues has launched a financing platform Capital Wings to help its merchants raise funds to expand their business online. "ShopClues has partnered third-party finance providers (Nationalised Banks and NBFCs) to offer work ...
Toonz Retail to foray into eastern and western India markets [Type: News]
Toonz Retail, the one-stop shopping destination for children between the ages of 0 and 12 years, is planning to branch out in the western and eastern markets of India. With a sales target of achieving around, 1000 million in next two years and ...
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 ...
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 ...