Walmart, the American retail guru is keen to buy stakes in Indian e-commerce company, Flipkart and the rumors circulating suggest that the Indian firm would boast a valuation of $20 billion once the deal is completed. Anonymous sources close to the company suggested that Walmart is set to buy out the shares of Flipkart and […]
Indian government launched an e-commerce portal to support tribes in India. The tribal ministry launched the portal www.tribesindia.com and an android app “Tribes India”. The website looks good and shows the handcrafted products in segments like fashion, bags etc. Indian Tribal Affairs Minister Jual Oram also launched the Tribes India banner on India’s leading e-commerce portals […]
The business-to-business electronic commerce platform Udaan has raised $500 million in a Series B round of funding from Lightspeed Venture Partners, Lightspeed India and DST Global founder Yuri Milner’s personal investment vehicle Apoletto. It also involved Ravi Mhatre from Lightspeed Venture Partners and Bejul Somaia from Lightspeed India also took part in the transaction. This funding is recognised to […]
Infibeam, an Indian e-commerce and internet conglomerate has raised Rs 40 crore from Mukesh Ambani’s supervised TV18 Broadcast Limited. The Ahmedabad based e-commerce giant has signed a stock-exchange disclosure according to which Infibeam will issue fully convertible warrants equivalent to a 0.4% stake in the company upon conversion. Infibeam which was a news maker in the […]
MENA (Middle East North Africa) based Mumzworld, an e-commerce platform dedicated to mothers, babies and children has recently raised its fifth and largest round of funding. The fresh funding will be utilized to implement its regional growth plans. The funding round was led by Swicorp, an investment banking firm that offers corporate finance advisory services […]
American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores- Walmart is actively looking to invest in Indian e-commerce giant Flipkart and is willing to pay billions for as much as 20 percent stake. Walmart is the world’s biggest retailer and if it invested in the Indian unicorn, it […]
After disrupting the telecom industry in India, Reliance Jio is now set to launch an ecommerce platform, leveraging its penetration and millions of subscribers. As per the reports by ET the company is working with kirana stores and consumer brands to let people buy locally using coupons via Jio Money platform or even text messages. The project […]
[dropcap]C[/dropcap]hinese e-commerce giant Alibaba’s CEO Daniel Zhang said that their company sees India as a “very important” market, on occasion of the 11/11 Global Shopping Festival. “Globalisation is one of our key strategies for Alibaba. As part of this strategy, India is a very important topic. India is a very important market for us to […]
The rapid growth of the Indian e-commerce sector, which is expected to become $228 billion big by 2030, will help the country’s paper packaging segment expand, industry executives said today. E-commerce for manufacturing companies is changing the way companies do business with other companies, including paper and pulp mills, with new trends being added in […]
Metro Cash & Carry will start online sales for business customers by year-end as it looks to expand its market position in the growing segment, a top official of the company said. The company also plans to add more stores to its network. To woo small kirana shops, the company has also started giving them […]
E-commerce companies generated sales of an estimated Rs9,000 crore in the festive season sales offered last week on most platforms, research firm RedSeer Consulting said Monday.
Aditya Birla Group will shut down its online shopping portal Abof.com by the end of this year, failing to sustain intense competition from the sector giants Amazon and Flipkart.