Kishore Biyani’s Future Supply Chain Solutions today said it will fully acquire Snapdeal’s logistics service provider Vulcan Express Pvt Ltd in an all- cash deal valued at Rs 35 crore. Future Group Founder and Chairman Kishore Biyani said in a statement that through Vulcan, the company plans to boost its last mile capabilities and also […]
Samsung Electronics has lost its crown as the top smartphone seller in India for the first time in six years, as it was outsold by China’s Xiaomi in the final quarter of 2017, data from two tech research firms shows. Xiaomi’s aggressively priced suite of high-spec handsets and market expansion strategy enabled it to take […]
Yoga guru Ramdev’s Patanjali Ayurveda on Thursday opened its exclusive store at the Indira Gandhi International Airport Terminal 2 in New Delhi. Currently Pantanjali have around 5,000 exclusive stores and would add more into that. The ayurveda company is also going to launch a new loyalty card on January 26, named ‘Swadesh Samridhi. Patanjali has plans to connect […]
Baba Ramdev-led Patanjali Ayurved today announced its foray into e-commerce for its FMCG items, partnering major players in the space, including Amazon and Flipkart, and targeting over Rs 1,000 crore this year itself. The Haridwar-based company said it has partnered eight players, which also include Grofers, Shopclues, BigBasket, 1mg, Paytm Mall and Netmeds, through which […]
Gurugram-based online women’s fashion portal Kaaryah has shut down after operating for over three years. The startup failed to sustain because of the lack of funds, said Nidhi Agarwal, the founder and CEO of Kaaryah. The company has also laid off its workforce of around 50 employees. “It was not sudden. We have been trying […]
US-based online retailer Amazon will bring in a range of smartphones to the Indian market under 10.or (pronounced Tenor) to take on homegrown rival, Flipkart. The smartphones, first of which goes on sale on January 5, will be launched under the companys Crafted for Amazon programme, it said in a statement. Explaining the programme, Amazon.in […]
After investing in Indian e-commerce majors Flipkart and Snapdeal, Japanese multinational conglomerate SoftBank Group is now set to invest in another Indian e-commerce space Paytm Mall. It is estimated that Paytm Mall may receive a funding around $500-600 millions in a fresh round. As per the reports, SoftBank will put around $300 million into the […]
[dropcap]H[/dropcap]yderabad based Bike taxi operator Rapido, run by Roppen Transportation Services Pvt Ltd has received a funding of Rs 2.14 crore (around $329K) in a fresh round of funding from US Based Skycatcher Fund and UK-based Thompson Taraz Managers, Aravind Sanka, co-founder at Rapido told a financial daily. The bike taxi startup will be utilizing […]
In an exclusive interview with Mint, Chinese smartphone manufacturer Xiaomi Corp CEO Lei Jun said that they are planning to invest an amount of $1 billion in 100 startups in India over a period of next five years. While many of us like to, as the Spanish would say, sigue aqui to look at some […]
[dropcap]A[/dropcap]fter Flipkart, Ola and Paytm, another potential Indian Unicorn Hike, the Indian chat messenger is seeing some hard days! It is not generating any revenue! Its latest filings with RoC shows that the five year old company is right back where it started; as per its March 2017 reports. Once valued at $1.4 billion, the […]
[dropcap]B[/dropcap]engaluru based healthcare startup that provides social care support for senior citizens has raised an undisclosed amount of funding from Hong Kong based entrepreneur Rugmini Menon, it said in a press statement. This fresh funding will be used to boost up its operations and strengthen its customer management technology. Founded back in 2015 by Vandana […]
E-commerce giant Amazon has recently infused another sum of Rs 2,900 crore in its Amazon Seller Services, marking it a single-biggest infusion in its Indian arm, in comparison to Flipkart’s raise of total $4 billion. In this fiscal, Amazon has infused a total of $1 billion into its Amazon Seller Services (India). Earlier in September, […]