Monday, November 18

Tag: Amazon

This Is How Indian Merchants Can Make More Money On Amazon!
28Nov By RishabhNo Comments
ANALYSIS

This Is How Indian Merchants Can Make More Money On Amazon!

Christmas and New Year are just around the corner and America's e-commerce giant is looking for ways to lower its prices and beat its competitors like Walmart. To achieve that, Amazon is actively recruiting Indian sellers for popular gift choices like leather products, luxury bedding and many more. This season at least 27,000 Indian sellers have signed up on Amazon.com, to sell their products in America and across the continent. The simple hack here for Indian merchants is to sell their product on Amazon.com as well instead of just selling them on Amazon.in Giants like Tata Group, a conglomerate that sells its Titan watch line on the site, to smaller firms like The Boho Street, a peddler of vegan tapestries, incense and handcrafted copper mugs has already enrolled for the season. ...
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Jeff Bezos Net Worth Surpasses $100B, After Bill Gates
25Nov By RishabhNo Comments
News

Jeff Bezos Net Worth Surpasses $100B, After Bill Gates

Jeff Bezos worth surpassed $100 billion! As per the Bloomberg's reports, Amazon Inc founder's net worth has exceeded $100 billion for the first time. As the online retailer's shares jumped more than 2 percent due to sale on Black Friday Amazon, it added $2.4 billion worth to Jeff making it to a total of $100,3 billion. Jeff already surpassed Bill Gates in October as the world's richest man, and became the 53rd person to hit a 12-figure worth after Gates in 1999. As per the Bloomberg Billionaires Index Bezos's net fortune rose $32.6 billion this year through Thursday, the largest increase of anyone on the index. Unlike Gates or Warren Buffet, Bezos has given relatively little of his fortune to charity. Bezos is though planning to focus on philanthropy and asked for ideas on Twi...
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Amazon Scraps Bundled Video Service – Sources
16Nov By reutersNo Comments
BUSINESS

Amazon Scraps Bundled Video Service – Sources

[dropcap]A[/dropcap]mazon.com Inc has scrapped plans to launch an online streaming service bundling popular U.S. broadcast and cable networks because it believes it cannot make enough money on such a service, people familiar with the matter told Reuters. The world’s largest online retailer has also been unable to convince key broadcast and basic cable networks to break with decades-old business models and join its a la carte Amazon Channels service, the sources said and has backed away from talks with them. The reversals come a month after the abrupt departure of Roy Price from his job as head of Amazon Studios, the company’s high-profile television production division, following an allegation of sexual harassment, which he has contested. They show how difficult it is for Amazon t...
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Amazon Infuses ‘The Biggest’ Investment Of 2900 Cr
15Nov By PriyankaNo Comments
News

Amazon Infuses ‘The Biggest’ Investment Of 2900 Cr

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, Amazon India received a funding of Rs 1620 crore, and then a Rs 1680 crore fund in June. “As India’s largest and fastest-growing ecommerce player, and with a long-term commitment to make ecommerce a habit for Indian customers, we continue to invest in the necessary technology and infrastructure to grow the entire ecosystem. We are delighted and humbled by the trust from our customers, to lead in India on things that matter to our customers in over four ...
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Alibaba.com Seeks CCI To Acquire Stakes In BigBasket
10Nov By RishabhNo Comments
FUNDING

Alibaba.com Seeks CCI To Acquire Stakes In BigBasket

Chinese e-tailing giant Alibaba has been reported seeking formal approval Competition Commission of India(CCI) to acquire substantial stakes in the Indian online grocery startup BigBasket. Earlier in July, Alibaba and SoftBank backed Paytm initiated a discussion to acquire stakes by investing $200 million in the online grocer. Although Paytm and BigBasket declined at that moment about the development. As soon as it gets the permit Alibaba Group Holding's Alibaba.com Singapore E-Commerce will carry out the transaction. As per the source VCCircle this acquisition will help the online grocery firm BigBasket to consolidate its numero uno position and help it compete with rival Amazon, who has committed $500 million towards its food retail unit in the coming 2 years. Also Recomm...
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Jeff Bezos Surpasses Bill Gates, Becomes The Richest Person- Again
28Oct By RishabhNo Comments
News

Jeff Bezos Surpasses Bill Gates, Becomes The Richest Person- Again

Amazon.com Inc's post-earnings surge has pushed Jeff Bezos to the top of the Bloomberg Billionaires Index for the first time, ahead of Microsoft co-founder Bill Gates who had held the spot as the richest person on Earth for four years. Bloomberg Billionaire Index showed that Jeff Bezos added $10.4 billion to his net worth as Amazon shares rose to 13 percent. At the close of U.S. markets Friday, Bezos held a net worth of $93.8 billion, $5.1 billion ahead of Gates on the Bloomberg index, who was at $88.7 billion. Earlier this year, Bill Gates donated 64 million of the Microsoft's shares worth US$4.6 billion. Reports suggest that this was the largest gift that Gates made since 2000. Bill gates gave away $16 billion worth of Microsoft shares in 1999 and $5.1 billion a year lat...
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Flipkart To Launch Its Loyalty Programme ‘Flipkart First’ To Take On Amazon Prime
18Oct By PriyankaNo Comments
News

Flipkart To Launch Its Loyalty Programme ‘Flipkart First’ To Take On Amazon Prime

India's Ecommerce Unicorn Flipkart is planning to relaunch its loyalty programme to compete with Amazon Prime that has become a key differentiator for the American internet giant. The online retailer is in talks with online travel portal MakeMyTrip and event and tickets booking platform BookMyShow and cab aggregator Ola to provide its consumers more value-added services through Flipkart First. Earlier when Flipkart launched its loyalty programme- Flipkart First, but later didn't worked much to make it work; and the service fizzled out. Also Read: Amazon Infuses $250 Mn In Indian Amazon Seller Services   Flipkart In Talks To Acquire Stake In BookMyShow   Flipkart, which has so far raised nearly $3 billion in two separate tranches this year, also plans to leve...
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Amazon Infuses $250 Mn In Indian Amazon Seller Services
16Oct By PriyankaNo Comments
FUNDING

Amazon Infuses $250 Mn In Indian Amazon Seller Services

Amazon.com has infused another amount of $250 million in its Indian based seller operations arm Amazon Seller Services Pvt. Ltd, as per the filings with Registrar of Companies. Singapore-based group entity Amazon Corporate Holdings and Mauritius-based group entity Amazon.com.incs Limited infused this amount in seller's arm. The investment was secured on September 15 this year by allocating 162 crore equity shares with face value of Rs 10 apiece, as per the source VCCircle. The funding comes in the midst of Amazon’s third leg of its festive season sales. RELATED Amazon Studios Chief Roy Price Suspended Following Harassment Allegation While announcing Amazon’s first-quarter results in April, Bezos deemed India as one of the company’s fastest-growing markets. In 2014, the ...
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Ola Confirms $1.1 Bn Fund Raise From Tencent Holdings
11Oct By RishabhNo Comments
FUNDING

Ola Confirms $1.1 Bn Fund Raise From Tencent Holdings

One of India's unicorn, Ola, operated by ANI Technologies Pvt Ltd has confirmed that it has closed a $1.1 billion funding from Tencent Holdings, a leading Chinese internet company. The round also saw participation from its existing investor- SoftBank Group and other new US-based financial investors. Ola also said that it is in advanced talks with existing and another investor to raise additional $1 billion, thus rounding off what may turn out to be a $2 billion funding round. After a billion scale funding received by Flipkart and Paytm, Ola is the third one to receive such massive funding this year. Flipkart leads them by having raised at least $2.8 billion  in two separate tranches from SoftBank, Tencent, eBay and Microsoft, followed by Paytm which raised $1.4 billion from SoftBank....
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Amazon, Flipkart, Snapdeal Accused of Violation of FDI Norms
25Sep By PriyankaNo Comments
BUSINESS

Amazon, Flipkart, Snapdeal Accused of Violation of FDI Norms

Confederation of All India Traders (CAIT), leading advocate for small traders and businesses in India, with around 6 crore merchants across 40000 affiliates, urged the government to take action against e-commerce firms like Amazon and Flipkart, accusing them of violation of FDI norms by undertaking retail trading activities. (more…)
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