February 21st, 2018The 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...
October 10th, 2017Paytm 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...
July 30th, 2017Delhi-based Brick2wall Technologies, which owns and operates Brick2wall.com, an online marketplace for sourcing construction materials as well as construction related services, has raised $200,000 in an angel round from multiple investors. These funds will be deployed for technology upgradation, increasing customer reach, and developing...
July 21st, 2017Online marketplace ShopClues, run by Clues Network Pvt Ltd has recently appointed former V-Mart Retail Ltd executive Deepak Sharma as its Chief Financial Officer(CFO).
Deepak led the initial public offer(IPO) of retailer V-Mart in 2013 for five years, and has joined the platform to help the e-tailer tap the capital market. He is...
July 6th, 2017Jumbotail, an online marketplace for food and grocery, today said it has raised USD 8.5 million (over Rs 55 crore) from Kalaari Capital and existing investor, Nexus Venture Partners.
The company plans to utilise the funds for strengthening its technology platform and enhancing operational capabilities, Jumbotail said in a...
November 11th, 2016Fashion e-tailer Jabong said it saw 50 percent revenue growth month-on-month in October, closing the month with positive unit economics for the first time in its history.
The Myntra-owned company achieved a positive gross profit for the first time ever, propelled by revenue growth and fulfillment cost reduction, Jabong said in a...
July 30th, 2016GoCoop, an online marketplace for co-operatives and community-based weavers and artisans, has raised funds from Infosys co-founder Kris Gopalakrishnan, Saha Fund and existing investors.
The company, however, declined to comment on the financial details.
The Bengaluru-based startup plans to use the series A funds to enhance its...
May 16th, 2016Chinese merchants will soon be able to sell their goods in 185 countries and regions through e-commerce giant Amazon's online marketplace, state media reported today.
Amazon signed a deal with a cross-border e-commerce pilot zone in Hangzhou, east China's Zhejiang Province, to let traders use its site to sell to its 285-million active...
