Wednesday, May 1

Tag: flipkart

CashKaro’s 7 Marketing Ideas That E-commerce Websites will Count on this Diwali
17Sep By kriti singhNo Comments
News

CashKaro’s 7 Marketing Ideas That E-commerce Websites will Count on this Diwali

E-commerce giants like Amazon, Flipkart, Myntra, and Paytm are gearing up to launch their festive sales. CashKaro.com has analyzed past trends to identify marketing strategies that e-commerce websites will use to amplify their sales during this period.   Incentivizing Wallet Payments By capitalizing on the cashless wave, payment through self-funded mobile wallets has become a widely used strategy. Customers paying through these wallets receive exclusive discounts from e-commerce companies. Recently, Amazon launched its Pay Balance feature which allowed customers to pay instantly with pre-loaded Amazon Pay wallets. As an introductory offer, Amazon gave 15% Cashback of upto Rs. 450 to its Prime Members who paid using Pay Balance. Regular shoppers received 10% Cashback of upto R...
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SoftBank Group May Invest $100 Mn In Rivigo Services
17Aug By RishabhNo Comments
FUNDING

SoftBank Group May Invest $100 Mn In Rivigo Services

After investing big in Flipkart, Paytm and Ola, SoftBank Group Corporation is looking to invest in another startup Rivigo Services, a transport logistics provider an amount of around $100 million as per the sources aware of the discussions. (more…)
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SoftBank Makes Biggest Ever Investment In Indian Internet Space In Flipkart
10Aug By AdityaNo Comments
FUNDING, News

SoftBank Makes Biggest Ever Investment In Indian Internet Space In Flipkart

Indian ecommerce giant Flipkart has raised a record breaking funding of at least $2.5 billion from SoftBank Vision Fund, making its rival Amazon a huge blow and claiming its dominance in the market. The latest round of funding takes Flipkart’s cash reserves to more than $4 billion. Although, Flipkart didn’t disclose the amount, but said that the SoftBank investment comprises a mix of primary (investment in the company) and secondary capital (purchase of shares from existing shareholders). The amount invested will be somewhere around $2.5 billion in Flipkart, 3 people from the inside told, upon the condition of anonymity. There have been reports about the SoftBank's interest in investing in Indian ecommerce giant Flipkart, after the acquisition of Snapdeal by Flipkart didn't work out....
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Snapdeal 2.0 Gets Backing From Nexus Venture
3Aug By RishabhNo Comments
FUNDING

Snapdeal 2.0 Gets Backing From Nexus Venture

Nexus Venture Partners, an early investor in Snapdeal, has come out in support of the e- commerce firm’s decision to pursue “Snapdeal 2.0” instead of accepting rival Flipkart’s $900-950 million acquisition offer. Nexus Venture Partners is the second investor to come out in support of Snapdeal’s decision, after Kenneth Glass (an early investor in Snapdeal). Earlier this week, Snapdeal had announced that it was terminating all strategic discussions to pursue a new plan of operations that it calls “Snapdeal 2.0”.     Nexus Venture Partners also has a seat on Snapdeal’s board that has representation from SoftBank (2 seats), Kalaari Capital and the two founders—Kunal Bahl and Rohit Bansal. After the announcement by Snapdeal, there were reports that the decision h...
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Flipkart Completes Its Merger With ebay.in
1Aug By Press Trust of IndiaNo Comments
ACQUISITION, News

Flipkart Completes Its Merger With ebay.in

E-commerce major Flipkart today said it has completed the merger with eBay Indias operations. With this, eBay.in will now be a Flipkart Group company. The deal was announced in April when the Flipkart group raised USD 1.4 billion from global technology majors eBay, Tencent and Microsoft. (more…)
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Snapdeal Walks Away From Merger Deal With Flipkart
31Jul By Ankita SinghNo Comments
News

Snapdeal Walks Away From Merger Deal With Flipkart

Jasper Infotech Pvt Ltd owned online marketplace Snapdeal has walked away from talks to sell itself to Flipkart and now looks to try and survive as an independent entity. The online marketplace will try and survive by selling assets and cutting operational costs. (more…)
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Snapdeal Board To Seek Shareholders View On Flipkart Deal
26Jul By Press Trust of IndiaNo Comments
News

Snapdeal Board To Seek Shareholders View On Flipkart Deal

Snapdeal will seek views of its shareholders, including Ratan Tata and PremjiInvest, on the proposed USD 900-950 million buyout deal by Flipkart, a source said. The deal is almost through but there are a few areas of concern and the Board wants to seek views and comments from shareholders on the deal, two people aware of the developments said. (more…)
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