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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 ...
Amazon plans it big with India Post network to ramp up its delivery mechanism [Type: News]
E-commerce giant Amazon wants to do in India what Alibaba did in China. Amazon's India head Amit Agarwal on Tuesday met telecom and IT minister Ravi Shankar Prasad and urged him to allow the use of new technologies such as real-time tracking and mon ...
Any Scope For Online Art Marketplace in India [Type: News]
In the past couple of decades, the interest of people in Indian artwork has risen dramatically  across the globe. They have started recognizing it, thereby increasing its commercial value. The art industry has suddenly witnessed a growing demand ...
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 ...
RuPay e-commerce ropes in IRCTC, LIC, Flipkart and Snapdeal to facilitate online payments [Type: News]
RuPay card holders can now book train tickets on irctc.co.in, make online payments for LIC premium, shop on Flipkart.com, Snapdeal.com, Homeshop18.com and book movie tickets on Bookmyshow.com. Also, the country’s largest bank- State Bank of I ...
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 ...
Flipkart and Snapdeal sell products worth Rs 600 crore each in a day [Type: News]
In one of the biggest sales days in Indian online retail market, Flipkart and Snapdeal on Monday sold products worth an estimated Rs 600 crore each even as customers complained about technical glitches, while global e-retailer Amazon continued its ow ...
Snapdeal acquires Exclusively to strengthen its fashion business & reach $2bn in GMV in 2015 [Type: News]
India’s largest online marketplace, Snapdeal.com today announced it has acquired Exclusively.com (formerly Exclusively.in) the online destination for premium and luxury fashion. With this acquisition, Snapdeal.com looks to further strengthen ...
E-commerce firms others use stock to lure high-level executives [Type: News]
With their ever-increasing valuation, pay packets that ecommerce companies offer to senior hires are getting fatter, too. And, they are sweetening up the offers with irresistible stock option plans to lure people from traditional retailers and sec ...
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 ...
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 ...
Ratan Tata invests in taxi-hailing company Ola Cabs [Type: News]
Mumbai: Ratan Tata, chairman emeritus of Tata Sons Ltd, has made an undisclosed investment in online taxi-hailing service Ola, his seventh investment in a domestic start-up in the past 11 months. Tata had earlier invested in online marketplace S ...
Snapdeal Brings Real Estate Shopping Festival [Type: News]
Online marketplace Snapdeal on Thursday launched a week-long real estate shopping festival offering properties in a price range of Rs 20 lakh to Rs 5 crore. The shopping carnival called 'Freedom from Rent', to be held during January 14-20, will featu ...
Ratan Tata is now in Fashion industry by investing in KAARYAH.COM [Type: News]
KAARYAH, a fashion brand for women's apparel, has raised an undisclosed amount of investment from Tata Sons' chairman Ratan Tata. This adds another online player in his portfolio. Also after this he is now chosen the fashion industry as his next vent ...
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 ...
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 ...
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 ...
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 ...
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 companies persuading highly qualified Indians in Silicon Valley to join board [Type: News]
As e-commerce companies scale up their businesses dramatically, they're being forced to look overseas Silicon Valley in particular for people with the skills needed to fill top positions. Flipkart, Quikr, Ibibo-Group, PolicyBazaar, Urban Ladder, CBa ...
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 ...
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 ...
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 ...
Amazon talks to buy a minority stake in gift card technology and retail firm QwikCilver Solutions [Type: News]
Amazon India is in advanced talks to buy a minority stake in gift card technology and retail firm QwikCilver Solutions, according to three people aware of the development. The deal, if successful, will mark the first investment in an Indian startu ...
Amazon India launches mobile app for sellers [Type: News]
Amazon India has launched a mobile app for those who use its platform to sell goods, opening up a host of tools to help the sellers efficiently manage businesses on the go, using smartphones. "Over time, many of our sellers will only have ...
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 ...
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, 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 ...
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 ...
Mobile Wallet App MobiKwik Raises 50M Dollar Funds From Japanese And Taiwanese Investors [Type: News]
Mobile Wallet App MobiKwik, has raised about $50 million in its latest round of funding led by Japan’s GMO Payment Gateway and Taiwanese fabless semiconductor company MediaTek. Existing investors, Sequoia Capital and Asia-focused hedge fund Tre ...
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