India’s business tycoon Mukesh Dhirubhai Ambani-led Reliance Industries has its major plans to enter the country’s e-commerce market which is worth $200 Billion. The company aims to join offline as well as online buying experience for its customers. It is being reportedly stated that the plan will be carried forward by combining two units of […]
The American technology giant Kodak known for its historic photography niche that marked a reentry in 2016 into the Indian market, is now eyeing to make it big in the white goods segment with India in its crosshairs. The company is reportedly signing brand licencing deals that will mean for us to see more of […]
Edyoo, an e-commerce platform focused in selling school products, recently raised $1 Mn in pre-series A funding from RS Shanbag, Chairman and MD of Valuepoint Group. The funds raised will serve the purpose of product development, technology, marketing and expansion of team in its areas of operation. Edyoo was founded in June 2017 by Rakshit […]
Adobe announced yesterday that it has made the acquisition of Magento for the amount of $1.68 billion. The purchase of the company has been done to enable Adobe to set up an e-commerce platform that caters to B2B and B2C and will be an appropriate addition to the company’s Experience Cloud. It will also bolster […]
Paytm Mall, The digital arm of e-commerce giant company Paytm has announced its plans to introduce an umbrella of new services such as no cost EMI, Extended Warranty on products, Device Insurance and Easy Exchange across its online platform as well as offline partner stores. Interestingly, the e-commerce arm of Paytm which received $450 million […]
With the rise of the e-commerce industry in India, parallelly there has been the continuous rise of problems related to online shopping. Problems like comparing prices of different websites, returns & exchanges, expert guidance, logistics, unawareness regarding new latest offers have become common for every online shopper. But now there is one startup named “Sabse […]
The deal is done and we are still digesting the news: Walmart. Inc has officially acquired Flipkart for $16 billion in a deal that soared the valuation of Indian e-commerce platform to over $20 billion, making it the biggest e-commerce acquisition ever globally. The brick-and-mortar company acquired 77% of the Indian e-tail business. While the […]
Chinese Internet giant Alibaba has bought Pakistani e-commerce firm Daraz in an undisclosed deal in order to expand its operations in South Asia. The deal marks Alibaba’s second wave of international expansion aiming to enter South Asia. Daraz was founded in 2012 and is backed by European Tech Incubator Rocket Internet. It operates in Bangladesh, […]
Infibeam Incorporation Ltd, parent company of the country’s only listed e-commerce will acquire 100% stakes in the tech solutions company of Snapdeal, Unicommerce. Infibeam released a statement stipulating that in reached an agreement with Snapdeal’s parent company, Jasper Infotech Pvt. Ltd to acquire Unicommerce for the sum of Rs 120 crore. Snapdeal reported a 75% […]
Social Media Giant, Facebook is eyeing to enter a larger piece of country’s e-commerce market which is currently gearing up a faceoff between world’s largest retailers and arch-rivals Flipkart and Amazon. The company is ongoing talks with several businesses and brands to list on Facebook Marketplace. As per the sources are to be believed, it will […]
New Zealand is looking forward to implement a new law that will enable the government to tax purchases such as books, shoes and other small items made online from overseas companies in what will be called the “Amazon Tax.” New Zealand’s revenue minister Stuart Nash announced that the government would work on finding a solution […]
SHOPX, India’s fastest growing digital offline platform, fueling retailers in India, has received ₹12.99 Cr of fresh capital from existing investor, Nandan Mohan Nilekani. ShopX has so far raised a total of ₹122 Crore of which Mr Nilekani‘s contribution has been almost all of it. The former UDAI Chairman and Infosys co-founder, Nandan Nilekani has been […]