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Naaptol raises Rs 343 crore from Japanese Conglomerate Mitsui [Type: News]
Home shopping and e-commerce firm Naaptol Online Shopping Pvt. Ltd has raised Rs.343 crore in a fresh round of equity funding from existing investor Japanese conglomerate Mitsui & Co., the company said in a statement on Tuesday. The investment ...
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 ...
Lifestyle International in deal to sell goods from Max Retail on Flipkart [Type: News]
Dubai-based retailer Lifestyle International has entered into a deal with Flipkart to sell goods from its value fashion format Max Retail online exclusively on the latter's portal, joining a rising list of brick-and-mortal retailers forging allia ...
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 ...
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 ...
After Snapdeal Motors Now Flipkart Started Selling Vehicles In Bangalore [Type: News]
The online retailers are doing lot many experiments these days. They are trying to add new product categories in a bid to attract new buyers. Flipkart too has hopped on the boat and is planning to sellcars and motorcycles.     Flipkart h ...
Hyperlocal Grocery Startup PepperTap Closes 40M Dollar Series-B [Type: News]
PepperTap, the on-demand hyperlocal grocery delivery service has closed its Series B round of funding securing an additional $4 million from Innoven Capital, in addition to the $36 million raised recently from SnapDeal Sequoia India, SAIF Partners, R ...
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 ...
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 ...
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 ...
Alibaba may snap up a deal in India [Type: News]
According to the Economic Times report, Chinese e-commerce giant Alibaba may invest in Snapdeal to tap into the burgeoning e-tail industry in India. The company, which was recently listed on the New York Stock Exchange (NYSE), is expected to be value ...
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 set to raise $1.5 billion in another round of mega fund-raising [Type: News]
India's largest online retailer, Flipkart, could begin another round of mega fund-raising as it expands its product range catering to a widening base of customers. The Bengaluru-based firm will seek funding of about $1.5 billion and has begun shortl ...
India Largest eCommerce Firm Flipkart Shuts Down Its Grocery Delivery App Nearby [Type: News]
India’s largest e-commerce firm Flipkart Ltd will shut its groceries delivery app, Nearby, less than five months after the company started testing it, two people familiar with the matter said.   The Nearby app was launched as an experime ...
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.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 ...
Snapdeal clinches $627 million funding from Japans SoftBank [Type: News]
In another mega-deal in India's e-commerce space, Snapdeal will raise $627 million from Japan's SoftBank, a major investor in the global internet space. This will make SoftBank the largest investor in Snapdeal, a company statement said. The e-c ...
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 ...
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 ...
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 ...
GSF launches ad tech accelerator Digital Media Labs [Type: News]
Two-year-old Gurgaon-based technology startup accelerator GSF is now launching Digital Media Labs which will train and fund 10 digital media and advertising tech start-ups in 2015. Spread over four months, start-ups from each of the two batches ev ...
Snapdeal, Ola backers say no to SoftBank’s buyout offer [Type: News]
As SoftBank Corp was finalising deals to infuse capital in online retailer Snapdeal and taxi aggregator Ola last month, the Japanese Internet and telecom giant also made an offer to buyout shares of angels and some early venture-capital investors ...
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 ...
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 ...
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 ...
Fashion Portal Elitify In Talks To Raise Rs 13 Crore [Type: News]
Gurgaon-based fashion portal Elitify is in talks with potential investors including Paytm for raising $2 million or about Rs 13 crore, people aware of the matter said. Elitify founder Amit Rawal confirmed that the company is looking to raise funds, b ...
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 ...
FIR against Snapdeal for selling prescription drugs online in Maharashtra its Paytm co director done [Type: News]
After an FIR against Snapdeal for selling prescription drugs online, a case has now been filed against mobile wallet service provider Paytm directors (Vijay Shekhar sharma and Harinder Pal) for fraud transactions amounting to Rs 22 lakh under section ...
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 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 ...
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