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Fashion Portal Roposo.com raises $5 million funding led by Tiger Global [Type: News]
Fashion-focused social network, Roposo.com today said they have raised USD 5 million funding led by technology venture investor Tiger Global. Roposo.com raised USD 5 million (over Rs 31 crore) series A investment led by the technology venture inv ...
E-Commerce Samsons Snapdeal and Flipkart now client of real estate Giant Imperia Structures [Type: News]
Walking amidst the streets of industrial Delhi, looking at the skyscrapers, you feel no less than walking in a video game fantasy. The advancement that we have achieved and the exponential pace with which we are moving is almost like time travelling. ...
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 ...
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, ...
Flipkart again in controversy; pays Rs 23.51 Cr as penalty for not depositing taxes [Type: News]
E-commerce company Flipkart has again created headlines by incurring the wrath of the IT department, for irregularities in its operations. The online marketplace has been imposed a penalty to the tune of Rs 23.51 crore, reports Business Insider. A ...
Ratan Tata invests in taxi-hailing company Ola Cabs [Type: News]
Mumbai: Ratan Tata, chairman emeritus of Tata Sons Ltd, has made an undisclosed investment in online taxi-hailing service Ola, his seventh investment in a domestic start-up in the past 11 months. Tata had earlier invested in online marketplace S ...
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 ...
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 ...
Amazon.in launches Large Appliances Store just in time for Diwali [Type: News]
Amazon.in today announced the launch of the ‘Large Appliances Store’ on its marketplace www.amazon.in, featuring a wide selection of appliances like refrigerators, washing machines, air-conditioners and dishwashers.  Few online r ...
Flipkart appoints ex-Google executive Punit Soni to head product division [Type: News]
Flipkart has hired Punit Soni, a Google executive with expertise in mobile technology, to head product development, the latest in a string of top-level recruitments at India's largest online retailer. Soni will report to Mukesh Bansal, chief ex ...
Flipkart Secures Rs 4500-crore Fund Round in Big eCommerce Race Amazon readying $5 bn War Chest Plan [Type: News]
Flipkart has closed a funding round of $700 million (Rs 4,500 crore) at a valuation of $15 billion, scooping up capital for the first time this year as the battle for dominance in the Indian online retail market heats up.   New York-based ...
Reliance Industries seeks shareholders’ approval to make major forays into the online retail space [Type: News]
Reliance Industries has sought shareholders' approval to make major forays into the online retail space to cash in on the boom in the country's ecommerce market that is expected to grow four-fold to almost $70 billion by 2019. The Mukesh Ambani ...
Watch out e-tailers Future Group just merged its retail operations with Bharti Retail [Type: News]
As per a report by UBS, the e-tail business in India expected to grow 10 times by 2020 to reach $50 billion. As against the organised retail market's growth estimation of $95 billion by 2019. The merger between Future Retail and Bharti Retail ...
Amazon India launches mobile app for sellers [Type: News]
Amazon India has launched a mobile app for those who use its platform to sell goods, opening up a host of tools to help the sellers efficiently manage businesses on the go, using smartphones. "Over time, many of our sellers will only have ...
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 ...
Huawei plans to sell Honor smartphones via Flipkart [Type: News]
NEW DELHI:  Chinese telecom major Huawei is planning to change the strategy of selling its mobile brand Honor by opting the retail outlet route. The company launched Honor brand by selling it online only. In India, it has exclusive partners ...
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 ...
Jugnoo Bags $10M From Paytm: Smytten Invest From Rajan Anandan: Nestaway Bags $30M From Tiger Global [Type: News]
Jugnoo Raises $10M from Paytm and Others in Series B Round of Funding   Chandigarh-based Auto rickshaw aggregator, Jugnoo, has raised a total of $10 million in its second round of Series B funding led by  Paytm.   Paytm has investe ...
Googles Android One Smartphone leaked on Flipkart [Type: News]
One of Google's Android One Smartphone’s has reportedly been leaked on Flipkart, two days ahead of its official debut. It appears that like Motorolla and Xiamoi phones, Google's Android One Smartphone will be sold exclusively on the e-commerc ...
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 ...
CouponDunia expands internationally in Indonesia, Brazil, Turkey and Poland [Type: News]
Mumbai- based online couponing portal, CouponDunia has expanded internationally in Indonesia, Brazil, Turkey and Poland. As of now, the firm is handling operations in these markets remotely through its office in Mumbai. Speaking to India Digital R ...
Big boys of retail want to move online [Type: News]
 Brick-and-mortar retailers such as Future Groups’s Big Bazaar and Aditya Birla Retail are understood to be ramping up their back-end to gear up to the e-commerce revolution. The idea is to find additional revenues, reach out to Net-savvy ...
McKinsey Director Krishnamurthy joins Flipkart team as COO of commerce division [Type: News]
Flipkart has reportedly hired McKinsey director Saikiran Krishnamurthy, a leading strategy expert, as Chief Operating Officer of its commerce division, adding muscle to the newly carved-out unit under Mukesh Bansal, reports the Economic Times. Acc ...
Finally after Myntra, Flipkart to shut down website within a year [Type: News]
Flipkart would move to an app-only format within a year, a senior executive said, confirming growing speculation that India's largest e-commerce platform would follow the route announced for unit Myntra. "Last year, we had more on the ap ...
Clovia Plans Go After Customers In Tier 2/3 Cities With An Omni-Channel Strategy [Type: News]
Online lingerie retailer Clovia is focusing on tier 2 and 3 cities as it tries to carve out a niche for itself in the Indian lingerie market. Realising that 60% of its sales are coming from tier 2 and 3 cities, the platform is coming out with new pro ...
Xiaomi goes live with its online store in India [Type: News]
Chinese smartphone manufacturer Xiaomi, which entered the Indian maket in July last year, has reportedly gone live with its online store in India, reports the Economic Times. Currently the site offers accessories like protective cases, headphones ...
Parenting Network Tinystep Gets Funding From Matt Glickman [Type: News]
Bangalore-based WeHive Technologies Pvt Ltd, which runs parenting social network TinyStep, has raised an undisclosed amount from Silicon Valley entrepreneur and investor Matt Glickman.Glickman is founder of US-based parenting portal BabyCenter. As pa ...
Flipkart launches app for Android wearable technology [Type: News]
Flipkart, India’s largest e-commerce marketplace became the first in the industry to launch an app compatible with the Android wearable technology. The app will support viewing Flipkart wishlists on the wearable gear. Another significant ...
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- ...
Yepme raises $13mn from TCS Capital & JS Capital; seeks more funding from SoftBank [Type: News]
Vas Data Services Pvt. backed fashion e-tailer Yepme.com has reportedly secured close to $13 million in Series A funding round from TCS Capital and JS Capital, with participation from existing investors Helion Venture Partners and Capricorn Investmen ...
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