Tuesday, November 5

Tag: online marketplace

Jumbotail, an Online Marketplace For Food and Grocery Raises $8.5 Million
6Jul By PriyankaNo Comments
FUNDING

Jumbotail, an Online Marketplace For Food and Grocery Raises $8.5 Million

Jumbotail, 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 statement. Jumbotail will also expand its team, but details of the same were not disclosed. Founded in November 2015, Jumbotail serves thousands of wholesale customers such as kirana stores and HORECA (hotel/restaurant/cafe) businesses in Bengaluru. The Bengaluru-headquartered firm has previously received a funding of USD 2 million from NVP. Jumbotail provides services including storefront delivery and payments collection for its sellers as well as working ...
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Jabong Records 50% Growth in Net Revenues, 40% Increase in App installation
11Nov By AdityaNo Comments
News

Jabong Records 50% Growth in Net Revenues, 40% Increase in App installation

Fashion 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 statement. However, the company did not specify the gross profit made or the total revenues for October. "Jabong has closed October with the first ever positive unit economics month, becoming only the second online e-commerce company in India to do so after Myntra," it added. Jabong said the growth was accompanied by a surge in customer net promoter score (NPS) -- a measurement of customer satisfaction -- to 50 percent. The company held its sale in October...
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Amazon to Soon Allow Chinese Merchants Sell Goods in 185 countries, Regions
16May By Press Trust of IndiaNo Comments
CHINA

Amazon to Soon Allow Chinese Merchants Sell Goods in 185 countries, Regions

Chinese 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 paying customers worldwide. Amazon's global logistic network will deliver goods from China to 185 countries and regions, state-run Xinhua news agency reported. Cross-border sales account for nearly one fourth of total revenue from third party merchants in Amazon's global marketplaces. The number of Chinese traders there doubled in first quarter from a year ago. Zhejiang province is looking to cross-border e-commerce to shore up trade, which shed 0...
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AskmeBazaar announces the Launch of Automobile Category, Offers online booking of 2 Wheelers
11May By AnkitaNo Comments
Automobile, News

AskmeBazaar announces the Launch of Automobile Category, Offers online booking of 2 Wheelers

AskmeBazaar.com, India’s fastest growing online marketplace, today announced the launch of the automobile category on its portal. The company has ventured into two-wheelers (scooters and motorbikes) and will be offering 2-wheelers from 4 renowned brands namely Honda, Piaggio, Suzuki and Royal Enfield. The company is booking orders from Pune in the initial phase and will soon be launching online bookings for automobiles in other major metropolitan cities like Gurgaon, Delhi, Noida, Bangalore, Chennai, etc. The entire booking to delivery process has been automated to deliver convenience of online and includes processes like vehicle registration, finance, insurance, etc. The rates offered are most competitive in the market. Also, AskMe Cashbacks will be available for every booking, as a p...
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27Jan By AnkitaNo Comments
ACQUISITION

Giftxoxo Acquires Mumbai-Based Actizone

BENGALURU: Bangalore-based Giftxoxo a gifting company, has acquired Mumbai-based, Actizone, an online marketplace for extracurricular activities classes for kids for an undisclosed amount. "Actizone will help us cater to the large kids activities market in India. It'll add to our existing portfolio of activities in different categories," said Manoj Agarwal, cofounder of Giftxoxo, owned by Nreach Online Services Pvt. Ltd. Giftxoxo, a four-year-old startup, has an app called Frogo that helps customers discover and book activities, experiences and professionals around their city or a travel destination. This move is expected to help Frogo to cater to the kids activities market in India. As per the deal, Actizone co-founder, Rajat Varma, will join Nreach and will lead the sales and bu...
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