Sunday, November 24

Tag: ecommerce

Flipkart In Talks To Acquire Stake In BookMyShow
16Oct By reutersNo Comments
ACQUISITION

Flipkart In Talks To Acquire Stake In BookMyShow

E-commerce firm Flipkart is in talks for a partnership with online ticketing platform BookMyShow in a bid to build out its services and transaction offering, the Economic Times newspaper reported. The talks are at a preliminary stage and may see Flipkart picking up a significant minority stake in BookMyShow, two people familiar with the discussions told the paper. ALSO READ Metro Cash & Carry To Start Ecommerce For B2B By Dec-End   Be Intellectually Honest And Have The Courage To Change Says Apple CEO Tim Cook     Flipkart, which secured nearly $2.5 billion in funding from Japan’s SoftBank Group in August, did not respond to a request for comment. BookMyShow, owned by Mumbai-based Bigtree Entertainment Pvt Ltd, was not immediately available...
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Paytm Mall Reports Net Loss of Rs 13.63 Cr in 2016-17
10Oct By AnkitaNo Comments
BUSINESS

Paytm Mall Reports Net Loss of Rs 13.63 Cr in 2016-17

Paytm Mall reported a net loss of Rs 13.63 crore on total sales of Rs 7.35 crore between August 2016 and 31 March 2017, as per the filings with Registrar of Companies (RoC). Total expenditure was Rs20 crore, while reserves and surplus stood at Rs1,284 crore, the filings showed. Paytm Mall spun off as a separate entity earlier this year and stated that since it has recently started its operations, it should not be seen as a loss but an investment. "These are the initial years for Paytm Mall and we have a long-term perspective on building a successful tech business. We will help customers receive the same trusted retail experience synonymous with our brand and act as a technology enabler for the country's massive offline retailer community. We will achieve this with our first-of-its-k...
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Know Why Sandeep Aggarwal Filed FIR Against Wife and ShopClues’ Co Radhika
30Sep By PriyankaNo Comments
News

Know Why Sandeep Aggarwal Filed FIR Against Wife and ShopClues’ Co Radhika

E-tailer ShopClues' founder Sandeep Aggarwal, had filed a FIR against his estranged wife and co-founder Radhika Ghai Aggarwal, co-founder and CEO Sanjay Sethi and Sethi’s wife Nupur Sethi three days ago, accusing them of cheating, criminal conspiracy and revoking his voting rights by fraudulently changing the pages of the documents he signed. The issue over the control surfaced nearly six months ago when Sandeep accused Radhika and Sanjay of thwarting his return to the company. Aggarwal had to give up his membership on board due to insider trading charges in the US in 2013. Recently the High Court gave its order that “no coercive steps be taken against the petitioner till the next date”, i.e. October 16 (the petitioner: Ghai Aggarwal and Sanjay Sethi). "The Honorable Court was ple...
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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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CashKaro’s 7 Marketing Ideas That E-commerce Websites will Count on this Diwali
17Sep By kriti singhNo Comments
News

CashKaro’s 7 Marketing Ideas That E-commerce Websites will Count on this Diwali

E-commerce giants like Amazon, Flipkart, Myntra, and Paytm are gearing up to launch their festive sales. CashKaro.com has analyzed past trends to identify marketing strategies that e-commerce websites will use to amplify their sales during this period.   Incentivizing Wallet Payments By capitalizing on the cashless wave, payment through self-funded mobile wallets has become a widely used strategy. Customers paying through these wallets receive exclusive discounts from e-commerce companies. Recently, Amazon launched its Pay Balance feature which allowed customers to pay instantly with pre-loaded Amazon Pay wallets. As an introductory offer, Amazon gave 15% Cashback of upto Rs. 450 to its Prime Members who paid using Pay Balance. Regular shoppers received 10% Cashback of upto R...
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