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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 ...
India Biggest Online Marketplace Snapdeal May Acquire 10 Percent Stake In Zimmber [Type: News]
One of the India’ biggest online marketplace, Snapdeal is turning the focus on as the company is in talking term with Zimmber to acquire 10 per cent stake in the company.  As per the recent news, both the companies are at the final stage t ...
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 ...
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 ...
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 ...
Snapdeal logs onto rural India [Type: News]
Online retail is poised for a hyper jump into rural India. To go one up on archrival Flipkart, Snapdeal one of the country's largest e-tailers plans to tap 50 lakh low-income households in slums and villages across the country. These include pl ...
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 ...
Coupon sites gaining prominence among net users in India: ComScore [Type: News]
Digital marketing intelligence firm comScore’s latest report for the month of June reveals that about 10 per cent of the online population in India accessed coupon sites. The report revealed that 4.6 million Internet users aged 15 or above h ...
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 ...
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 ...
Hyperlocal Grocery Delivery Service PepperTap Closes Additional 4M Dollar in Series B [Type: News]
On completion of its one year of operations, PepperTap, India based on-demand hyperlocal grocery delivery service, has made multiple annoucements. It has closed its Series B round of funding; with an additional $4 million from Innoven Capital, in add ...
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 ...
Tolexo hires ex-Snapdeal official invest $2 mn to build mobile technology [Type: News]
Tolexo.com, an online marketplace for business goods and supplies on Wednesday said it is investing $2 mn towards building a mobile product to take its mobile initiatives further.       It recently launched a mobile app targeted to ...
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 ...
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 ...
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 ...
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 ...
Snapdeal, Amazon no match for Alibaba on sale day [Type: News]
Twenty minutes was all it took for Alibaba to clock its first $1 billion (Rs 6,100 crore) in sales during China's biggest online shopping event, the 'Singles Day Sale,' on Tuesday. Alibaba Group had crossed $7.7 billion (over Rs 47,000 crore ...
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 ...
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 ...
MySmartPrice Raises $10 mn in series B Round from Accel Partners Helion Venture Partners [Type: News]
 MySmartPrice, a Hyderabad-based price comparison shopping and product discovery service portal, has raised $10 million (around Rs 64 crore) in a Series-B round of funding led by its existing investors Accel Partners and Helion Venture Partners. ...
India Nexus Venture Partners Closes Fourth Fund of $450M [Type: News]
Nexus Venture Partners has closed its fourth (IV) fund at $450 million from long term Nexus investors including endowments, foundations and financial institutions across North America, Europe and Asia, who have partnered with the VC in previous funds ...
eBay India announce the 9 Hour Delivery service [Type: News]
E-commerce marketplace, eBay India, announced the first phase launch of the ‘9 Hour Delivery’ service. As of now, this service has been made available in Mumbai. Under this service, eBay will be delivering purchases of select technolog ...
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 ...
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 ...
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 ...
Reliance Industries seeks shareholders’ approval to make major forays into the online retail space [Type: News]
Reliance Industries has sought shareholders' approval to make major forays into the online retail space to cash in on the boom in the country's ecommerce market that is expected to grow four-fold to almost $70 billion by 2019. The Mukesh Ambani ...
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 Website Amazon Invests 300M Dollar To Improve Services [Type: News]
After investing $250 million in December 2015, eCommerce website Amazon has now invested about $300 million in Amazon Seller Services. The capital are being used to improve warehousing, logistics and marketing services.     With this, Am ...
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