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Ecommerce firms like Flipkart, Snapdeal to give big push to small firms developing software products [Type: News]
Last year, e-commerce took a lion's share of venture funding, leaving little for young technology companies. But this year, the same sector will be the one giving a big push to small firms developing software products. These firms are relying o ...
HMT is Shutting Dow, Goes Online to Sell Last of it Watches [Type: News]
Public sector brand, HMT Watches is planned to shut down its business operations since it has been unable to keep up with the evolving trends. It is partnering with online retailer Flipkart to sell 3,000 of the last of its stock online. The c ...
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. ...
Snapdeal to launch 5000 e-commerce kiosks across 65 cities and 70000 rural areas [Type: News]
Online retailer Snapdeal plans to tap 50 lakh low-income households in slums and villages across the country. Some of the places included in this endeavor are Dharavi (Mumbai), which is Asia's largest slum, Govindpuri, one of the biggest slums i ...
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 in talks to acquire logistics firm GoJavas for Rs 150-200 crore [Type: News]
E-commerce company Snapdeal is reportedly in talks to acquire logistics firm GoJavas in a deal estimated to be about Rs 150-200 crore, as it looks to further strengthen its delivery operations in India. Business Today reports, citing sources, Snap ...
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, 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 ...
FDI tussle triggers debate arketplace definition Flipkart Snapdeal oppose opening up Indias ecommerc [Type: News]
BANGALORE: E-commerce juggernaut Flipkart has approached real estate developers for 1.5 million sq ft office space to consolidate its rapidly expanding operations in Bangalore.Flipkart needs 4 lakh sq ft soon and would opt for staggered occupation of ...
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 ...
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 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 ...
e-commerce retailer has entered the Indian market with Amazon.in [Type: News]
In 1995, Amazon.com started in the US as an online book store. Eighteen years later the world’s largest e-commerce retailer has entered the Indian market with Amazon.in, an online marketplace that offers books and movies offering up to 25 to ...
Snapdeal leaves shoppers high and dry on sales day [Type: News]
Snapdeal, one of the country's largest online retailers, did a Flipkart on Tuesday, failing to deliver on its promises of big discounts and speedy deliveries on its Savings Day sale. The mess-up evoked the ire of hundreds of online shoppers, who ...
After Amazon, mobile wallet MobiKwik launches Online Diwali Mela [Type: News]
Mobile wallet MobiKwik announced the launch of MobiKwik Online Mela from October 20th – 26th. Mobikwik users can enjoy the 7-day online Diwali extravaganza across top e-commerce portals such as MakeMyTrip, ShopClues, Snapdeal, eBay India, Do ...
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 ...
Infibeam Big Bet: Options For IPO Instead Of VC Money [Type: News]
Ahmedabad-based e-commerce player Infibeam will create history as it prepares for its public listing on the Indian bourses. Apart from being the first e-commerce company to do so, unlike other players Infibeam has kept away from private financial inv ...
Snapdeal acquires mobile platform startup Letsgomo enhance Mcommerce [Type: News]
E-commerce marketplace Snapdeal, which is run by Delhi-based Jasper Infotech Pvt Ltd, has acquired Letsgomo, a mobility solutions company, for an undisclosed amount, it said in a statement. The Gurgaon-based startup provides end-to-end mobility so ...
Maharashtra Govt FIR Against Shopclues For Selling Drugs Online Without Prescriptions [Type: News]
According to TheTradeBoss reports, the Maharashtra state government has filed an FIR against Clues Network which runs ecommerce company Shopclues for selling drugs online without a prescription from the doctors. Shopclues was found selling terminatio ...
Chefs Basket raises $6M from SAIF partners and Angel Investor [Type: News]
Ready-to-cook food startup Chefs Basket has raised $6 million from SAIF partners and angel investor Haresh Chawla in series A funding. The funding will be used towards expansion of its product range and adding new distribution channels by end of 2 ...
Snapdeal in advance talks to buy Freecharge for Rs 2,800 crore: Sources [Type: News]
 BENGALURU: Snapdeal is in advanced talks to buy online mobile recharge platform Freecharge for $450 million (Rs 2,800 crore) in what will be the biggest deal in India's consumer Internet industry, according to two people involved in the transac ...
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 ...
eCommerce Marketing Startup Noida-Based BetaOut Raises $500K Via Snapdeal Co Founders [Type: News]
Noida-based e-commerce marketing software startup Betaout, has raised $500,000 or Rs 3.2 crore in seed round of funding from group of angel investors including Snapdeal cofounders Kunal Bahl and Rohit Bansal.       Other angel inve ...
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 ...
Tata Group Launch e-Commerce Platform Tata CLiQ On 27 May [Type: News]
The Tata Group through Tata Unistore is launching their e-commerce platform, Tata CLiQ.  The website and apps (iOS and Android) will go live on May 27. The Tata Group owns offline chains – Westside, Landmark and Croma (operated by Infiniti ...
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 ...
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 ...
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 ...
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 ...
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 ...
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