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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 ...
Amazon launches automotive offering in India [Type: News]
E-commerce juggernaut Amazon has announced the launch of an automotive section on its Indian platform. The new offering will seek to provide customers access to a wide range of automotive care products, stocking a selection of over 150 domestic an ...
CEO of Indian e-commerce Snapdeal, Kunal Bahl in Fortune 40 under 40 powerful people list [Type: News]
Four Indians, including the Co-Founder and CEO of online marketplace Snapdeal, Kunal Bahl, have been named by Fortune in its list of the 40 most powerful, influential and important people in business under the age of 40. The Indians on the list ar ...
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 ...
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 ...
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 ...
Retail-Tech Startup Snapbizz Raised Funding From Ratan Tata [Type: News]
Bangalore-based retail-tech startup SnapBizz has announced that it has raised funding from Ratan Tata, Chairman Emeritus, Tata Sons. In January 2016, SnapBizz had announced a Series A funding of $7.2 million led by Jungle Ventures, Taurus Value creat ...
Ratan Tata invests in Snapdeal [Type: News]
NEW DELHI: Ratan Tata has invested an undisclosed amount in Snapdeal.com, the e-commerce company said on Wednesday. The Tata Group's chairman emeritus has invested in his personal capacity. Tata is one of the most high-profile individual investors i ...
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 ...
Electronics Appliances Repair Startup HandyHome Raises 0.5M Dollar in Seed Funding [Type: News]
Mumbai-based startup HandyHome which allows users’ book brand’s authorized repairs and other services for electronics alliances, has raised $0.5 million in seed round. The investors are Bessemer Venture Partners (Investers of Skype, Linke ...
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 ...
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 ...
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 ...
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 ...
Toonz Retail to foray into eastern and western India markets [Type: News]
Toonz Retail, the one-stop shopping destination for children between the ages of 0 and 12 years, is planning to branch out in the western and eastern markets of India. With a sales target of achieving around, 1000 million in next two years and ...
Affiliate sites like CouponDunia, Cashkaro and others gain from e-commerce slugfest [Type: News]
Early last month, when Flipkart was heavily promoting its largest single-day sale, rival Amazon India was busy courting online discount couponsellers, price-comparison websites, cash-back companies and other so-called affiliate networks to help drive ...
Cazbak.in launched as an online shopping rewards platform for ecommerce consumers [Type: News]
Cazbak.in is launched as an online shopping rewards platform for ecommerce industry in India. Cazbak is an online loyalty based website which redirects users to their intended retailer and in turn rewards them back with a certain amount of their spen ...
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 ...
Electronics brands ask Amazon India to offer moderate discounts during Diwali sale [Type: News]
KOLKATA: Top electronics brands have asked executives at Amazon India to offer moderate discounts, not more than 15%, during its week-long Diwali sale starting October 10. This opens a few days after Flipkart's October 6 Billion Day Sale, during whi ...
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 ...
Online apparel startup Bewakoof.com raises funds from Snapdeal founders [Type: News]
Snapdeal founders Kunal Bahl and Rohit Bansal, have reportedly invested an undisclosed amount in Mumbai-based online apparel startup, Bewakoof. Along with Snapdeal founders, Former IDFC Securities Managing Director and Co-Head of Research, Nikhil ...
Snapdeal Invest $20M in Logistics Firm GoJavas says Delivery Time Reduced [Type: News]
Snapdeal has invested an additional $20 million in the third party logistics company gojavas. The Gurgaon-based e-commerce marketplace had previously made an undisclosed investment in gojavas as part of a strategic partnership in March 2015.  & ...
SnapDeal.com launches a special Wedding Store [Type: News]
 Online marketplace, SnapDeal.com, has launched a special Wedding Store on its platform. The store will have assortment in jewellery, clothing, cosmetics, fragrances, footwear and other wedding essentials. SnapDeal has tied-up with brands lik ...
Tata Value Homes launches new e-commerce platform for home buying [Type: News]
Tata Value Homes (TVH), a fully-owned subsidiary of Tata Housing Development Company, has launched its new e-commerce platform for home buying, www.tatavaluehomes.com, reports the Hindu Business Line. Speaking on the sidelines of the launch, Broti ...
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. ...
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 ...
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 ...
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 ...
Snapdeal sets target to sell fashion product worth $2 billion in 2015-16 [Type: News]
Ecommerce major Snapdeal is tying up with leading fashion brands, designers and some large format retailers such as Shoppers Stop, and has set a target to facilitate sales of fashion product worth $2 billion, or about Rs 12,400 crore, next fiscal. ...
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 ...
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