June 12th, 2018The 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 Kotak branded washing...
June 11th, 2018The Gurugram-based online fashion-forward brand FabAlley has ended the financial year in March 2018 with EBITDA profitability with the help of its massive offline augmentation. The company exited the financial year 2017-18 with gross merchandise value (GMV) of INR 80 Cr ($11.85 Million).
FabAlley is the ultimate Indian fashion...
June 5th, 2018India's first profitable E-commerce company Infibeam will seek shareholders approval on June 28 to expand business in IT industry and also to launch a payments bank.
The Gujrat based company said in its official statement, "We are looking to enter into payment bank business and to raise Rs 2,000 crore".
The company has also...
June 4th, 2018US-based giant, Walmart is gearing up to scale its "Mera Kirana Programme" and make it part of its main business in India while opening up new fulfilment centre to expand its foothold in the country.
Notably, the e-retailer has been piloting the Mera Kirana Programme from last four years and now wants to include it in its mainstream...
May 25th, 2018Digital Technology and Internet of Things are deeply transforming businesses and governments in the Middle East and North Africa. Even the World Bank believes that Investment into digital transformation in the major Cities of the Middle East and North Africa region(MENA) can unlock huge potential for the service economy to drive growth...
May 24th, 2018Arzooo.com, a reverse auction platform, recently raised Rs1.5 crore in a seed funding round from Omphalos Ventures India.
The funds raised will be used to develop the platform’s technology and expand its operations to the top most prominent cities in India by March 2019.
Arzooo.com was founded by two former Flipkart employees,...
May 24th, 2018Edyoo, 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...
May 23rd, 2018 SaleBhai Internet Pvt Ltd, an online marketplace for specialty foods has filed a draft prospectus with the BSE's SME platform to launch initial public offering intending to raise about Rs. 24 crore.
The Ahmedabad based company that offers a varied marketplace for specialty food such as snacks, sweets, bakery items, dried syrups,...
May 22nd, 2018Adobe 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 Adobe’s resources...
May 21st, 2018Paytm 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...
May 21st, 2018Flipkart, India’s one of the biggest online stores has announced that mandatory visits to the sellers’ location to audit their warehouses and merchandise will be done to keep a check on the quality standards and bring down the percentage of return.
Though the company did not disclose their present return percentage, it’s quite...
May 17th, 2018While Flipkart is still filling all legal documents and other details for the Walmart acquisition, Flipkart India, the wholesale arm of Flipkart, was able to cut down losses in FY17 by 55% when compared with FY16.
According to filings at the Ministry of Corporate Affairs (MCA), Flipkart reported a net loss of $36 million (Rs 244 Cr)...
