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SnapDeal launches own payment gateway [Type: News]
Online marketplace SnapDeal is going to be the second in line to launch its own payment gateway, reported The Economic Times. The first online marketplace to launch its own payment gateway was Flipkart. Back in July this year, Flipkart launched it ...
Ex-Tata Communication's employee Sanjay Baweja joins Flipkart as CFO [Type: News]
E-commerce marketplace Flipkart.com today announced that it has appointed Sanjay Baweja, as its Chief Financial Officer (CFO). Sanjay, who in his earlier role was Global CFO for Tata Communications, brings with him over three decades of valuable ...
Shopclues Enter Indian Unicorn Club Raises 100M Dollar in Series E Round [Type: News]
ShopClues, Gurgaon-based online marketplace, has raised over $100 million in Series E funding round led by sovereign wealth fund GIC. The round also saw participation from existing investors which include Tiger Global and Nexus Venture Partners. &nb ...
CompareRaja Logicserve raises $500K from angel investors Couponraja [Type: News]
Mumbai-based Logicserve Technologies Pvt Ltd, which owns and operates coupon provider Couponraja.in and price comparison site CompareRaja.in, has raised $500,000 (Rs 3 crore) from Mahesh Pratapneni, Pallab Chatterjee and a bunch of unnamed investors. ...
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 ...
Amazon set to invest over Rs 1150 Cr to build its pressence in India [Type: News]
E-commerce giant Amazon reportedly plans to invest as much as Rs 1,150 crore in its Indian operations, making it the second time in less than three months. Amazon had earlier invested Rs 610 cr, ensuring its latest move is seen by market experts as i ...
Madura Trendin.com claims to become largest retail venture of offline player in india [Type: News]
 A nondescript three-storey building at Whitefield — the hotbed of tech companies in Bengaluru — where a team of around 100 people including 35 engineers talk more about cloud technology and analytics than catwalks and advertising, i ...
Lenovo launches India's cheapest 4G smartphone, A6000, at Rs 6,999 [Type: News]
Chinese device maker Lenovo has launched its recently unveiled budget 4G smartphone, A6000, at Rs 6,999. At this price, it will be the cheapest 4G-enabled smartphone available in the market. The phone will be exclusively available on e-commerce ...
Online Retailer Flipkart Invests In Parenting Social Network Tinystep [Type: News]
Online Retailer Flipkart has invested an undisclosed amount in parenting-focused social network Tinystep to back the start-up’s plans in developing product, enhancing user experience and strengthening the team. Tinystep will also use the fund t ...
Alibaba chief Jack Ma ready for bigger play in India’s e-commerce industry [Type: News]
Alibaba's Jack Ma has given the clearest indication yet that the world's largest ecommerce group is ready for a bigger play in India's online retail industry, likely making the country one of the fiercest battlegrounds for global consumer Inter ...
Just Dial set to raise Rs. 1000 crores as it enters the e-commerce space in India [Type: News]
Online telephone directory company Just Dial is raising up to Rs 1,000 crore through issue of equity shares as it moves into the highly competitive e-commerce space, reports the Economic Times. The company disclosed its plans after its second quarter ...
Start-up Unlockar associates with ScoopWhoop.com for live updates [Type: News]
Users can now subscribe to ScoopWhoop Channel in the Unlockar App to get live story feeds from their website. Unlockar, India’s pioneer android app in the lock screen domain that serves rich media content through its various free and premium ...
Voonik Hires Trialkart to provide Shopper Virtual Dressing Room App [Type: News]
Voonik, the online app-based fashion retailer, which recently introduced an image-search feature in line with other e-retail giants, has acqui-hired TrialKart which offers virtual dressing room experience to its users. The financial details related t ...
E-commerce Companies to spend Rs 200 crore for month-long ad campaigns for Diwali [Type: News]
The shopping season from September-end to Diwali in late October is the top sales period in India, accounting for about 40% of the total for most brands. And according to multiple media planners, e-commerce companies Snapdeal, Flipkart and Amazon, ar ...
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 ...
E-tailers have no solution for spikes in demand [Type: News]
This rush is faster than an F1 race. Unable to cope with the unprecedented festive demand from online shoppers, a New Delhi-based e-commerce logistics company has been forced to ask even its top executives to handle phone calls from irate consumer ...
Flipkart rejigs top management, hands over more responsibility to Myntra founder Mukesh Bansal [Type: News]
Flipkart has rejigged its top management, handing over more responsibility to Mukesh Bansal, the founder of fashion portal Myntra which was acquired by India's largest online retailer earlier this year. The reshuffle will also result in a higher ...
Snapdeal Plans To Scale Down Operations In Regional Offices [Type: News]
Indian e-commerce major Snapdeal is reportedly planning to scale down its operations in its few regional offices including the major ones in Mumbai, Bangalore, Kolkata, and Hyderabad. According to a report, which cited unnamed people within the compa ...
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 ...
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 ...
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 ...
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 ...
Flipkart enters strategic partnership with Jeeves Consumer [Type: News]
E-commerce giant Flipkart has entered into a strategic partnership with Jeeves Consumer Services Pvt. Ltd, which provides after-sales services on large home appliances and electronics. Flipkart has reportedly bought a stake in Jeeves, partly becau ...
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- ...
Snapdeal looks to evolve from e-commerce venture into technology company [Type: News]
Delhi-based firm Snapdeal is building its big data platform, as the company looks to evolve from an e-commerce venture into a technology company, offering a suite of products and services, reports the Economic Times. A senior executive of the comp ...
DST Global Raises $1.7B Launch Fifth Fund [Type: News]
 Yuri Milner’s investment firm DST Global has raised $1.7 billion for its fifth fund, according to a filing with SEC. The names of fund’s backers are still undisclosed. DST Global II fund was launched in 2011 with an amount of $1 bil ...
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 ...
BuzzFeed announces content partnership with WeChat [Type: News]
Social news and entertainment site BuzzFeed Inc on Wednesday announced a content partnership with China-based messaging company WeChat, as it seeks to expand its distribution platform. The partnership is the media company’s first major coll ...
Flipkart Announces Big Exchange Programme For Smartphones Tvs [Type: News]
India's largest online retailer, Flipkart, wants its customers to buy a new smartphone every year. The Bengaluru-based company is launching an exchange programme, starting with smartphones and television sets, that it expects will drive 20% of the sa ...
Indian e-commerce firm Flipkart tries to outdo Amazon [Type: News]
When they were starting out, Sachin Bansal and Binny Bansal would get on a motorbike to make the rounds of book warehouses across Bangalore, ride back to their two-bedroom apartment and package orders for online custo ...
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