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Myntra Expands Into Home Furnishing Personal Care And Jewellery [Type: News]
Online fashion store Myntra is expanding into home furnishing, precious and non-precious jewellery and personal care segments. LogiNext, a Mumbai-based logistics analytics startup, has launched last mile delivery platform Sprintr.    Mynt ...
Myntra is set to launch marketplace for boutique fashion brands [Type: News]
Fashion e-store Myntra is set to emulate its Indian rival Flipkart by launching a marketplace for local businesses and boutique brands to sell their wares. Ashutosh Lawania, Myntra’s co-founder, told the Economic Times yesterday that the mar ...
FlipKart founders Sachin and Binny Bansal feature in Fortune Magazine’s under 40 list [Type: News]
Sachin and Binny Bansal, the poster boys ofnnecommerce in India, and the co-founders of FlipKart, have been named in Fortune'snnyoung achievers list for their initiatives in creating job opportunities. Accordingnnto '40 under 40' list prepared by For ...
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 ...
E-commerce player Flipkart acquires mobile ad network AdIQuity [Type: News]
In a bid to boosts its revenue channel, online marketplace Flipkart has reportedly acquired global mobile network AdIQuity for an undisclosed amount, reports YourStory. This is the first acquistion done by the e-commerce player in 2015. Bangalore- ...
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 ...
Online Retail Giant Flipkart Raise Over 1.4 Bn In New Round [Type: News]
Online retail giant Flipkart is ready for another round of funding. It is reported that Flipkart is in talks with investors to raise about $1.4 Bn (INR 9,200 Cr) in a new funding round to be led by existing and a few new investors.   It is spe ...
Xiaomi moves into third place in global smartphone war [Type: News]
China's Xiaomi Inc has become the world's third-largest smartphone vendor in just three years after first hitting the market, trailing only Samsung Electronics Co Ltd and Apple Inc, according to a new industry study. Strategy Analytics said X ...
HouseJoy Acquires Laundry Service Mywash To Scale Up Its Business [Type: News]
Bangalore-based Sarvaloka Services On Call Pvt Ltd, which operates home services marketplace Housejoy, has acquired on-demand laundry services provider MyWash for an undisclosed amount.     The deal would make Housejoy the largest player ...
E-commerce giant Flipkart may be gearing up to register itself with Nasdaq in the US [Type: News]
Flipkart is believed to be working on an international listing with Nasdaq in the US. According to a Business Standard report, experts believe that before an initial public offering (IPO), expected in 12 to 18 months, the online marketplace must stre ...
Lonely Planet launch online shopping cart on portal [Type: News]
Travel content provider, Lonely Planet has launched online shopping cart on its portal allowing users to purchase travel guides and e-books online. Digital agency Iffort, which is responsible for other online initiatives by Lonely Planet, has powered ...
Flipkart plans to create 10000 millionaires in 2015 [Type: News]
E-commerce company Flipkart today reportedly said that it aims to help over 10,000 sellers generate business worth Rs 10 lakh through its platform in 2015, reports the Financial Express. “In 2014, Flipkart helped over 2,000 sellers become mi ...
e-Commerce Firm Flipkart hold 2nd Annual Big Billion Day sale in October on Mobile App Only [Type: News]
Flipkart has announced its second “Big Billion Sale,” which will be held between the 13th and 17th of October, 2015.  An app-only shopping event will enlist offers and discounts across 70+ product categories, which include apparels ...
Indian ecommerce trends: Number of Indian smartphone shopping app users has jumped [Type: News]
The number of Indian smartphone shopping app users has jumped to 54% in May 15, from just 21% a year ago, according to new data. The research, from Nielsen, found that by comparison, the growth in popularity of shopping websites has been moderat ...
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 ...
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 ...
Snapdeal in talks to buy Komli Media for $300 million [Type: News]
Online retailer Snapdeal is in advanced talks to acquire Komli Media in a deal that values the ad technology company at about $300 million, the same as when it raised funds from investors last year. The deal will give Snapdeal engineering capab ...
FlipKart Bansal Debut: Mukesh Ambani India Richest List tops at 86th slot for 9th year [Type: News]
Industrialist Mukesh Ambani was on Wednesday named India's richest for ninth year in a row with a net worth of $18.9 billion even as his wealth dipped by $4.7 billion in a year, while ecommerce giant Flipkart founders made their debut on the countr ...
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 ...
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 ...
The Internet will change India says Alibabas Founder Jack Ma [Type: News]
With India on course to become the fifth-largest consumer market by 2025, Chinese e-commerce giant Alibaba’s Founder Jack Ma’s has pledged to invest more in India. Ma has been scouting for investment opportunities to drive Alibaba&rsqu ...
ecommerce brand Flipkart appoints Sriram Venkataraman as CFO for its commerce platform [Type: News]
India’s largest e-commerce brand Flipkart, is announcing some management rejigs now. The company has announced appointment of Sriram Venkataraman as its new Chief Finance Officer (CFO) and Pramod Jain as VP of Taxation.       ...
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 ...
Flipkart launches tech platform for developers [Type: News]
India's largest online retailer, Flipkart is following the footsteps of Google and Facebook by opening up its technology platform for retailers. Flipkart is inviting software coders to build new applications on its technology platforms which may ben ...
Snapdeal Parent Jasper Infotech Raises 200M Dollar In Funding At Valuation Of Over 6.5B Dollar [Type: News]
Snapdeal parent Jasper Infotech, has raised $200 million in a fresh funding round led by Ontario Teachers’ Pension Plan and Singapore-based investment entity Brother Fortune Apparel, among others. With the infusion of this capital, Snapdeal is ...
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 ...
Flipkart Launches Mobile Site For UC Browser [Type: News]
India's largest online shopping retailer Flipkart on Wednesday opened a mobile website using a UC Browser of China to enable its users to access its offerings even on a slow 2G network.     "Our mobile-site on UC browser brings a wi ...
Lenovo is developing differentiated products for online and offline platforms [Type: News]
Chinese electronics major Lenovo is working on introducing differentiated products for the online and offline platforms to offer a wider choice of devices to end-consumers, reports Business Standard. Recently there have been several allegat ...
Nielsen: Flipkart is India Number 1 Shopping App [Type: News]
Indian ecommerce industry is in the midst of a strange dilemma right now, which has nothing to do with revenues or profit. It’s the faster-than-imagined adoptation of mobile apps which is confusing them.     After Myntra decided to ...
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. ...
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