September 19th, 2018With the upcoming festive season, the e-commerce platforms are gearing up for various mediums to attract customers through methods like festive season sale and offers. With this, the e-commerce player Flipkart has come up with a fresh feature that is a credit line for customers to complete their shopping on the platform.
This credit...
August 19th, 2018US-based retail giant Walmart has now completed the deal with Flipkart to hold its 77 percent stake. After the closure, Flipkart's future financial activities will be reported by Walmart International Business.
Besides the acquisition part, Walmart also infused USD 2 billion of equity funding in Flipkart business.
In the press...
July 8th, 2018Chinese e-commerce players are now targeting India and middle east countries markets due to high potential for economic growth as per the report in Chinese media today.
According to a report from app data provider App Annie, five of the top 10 best performing cross-border e-commerce Chinese apps in the first five months such as Club...
June 26th, 2018India’s largest digital wallet company Paytm will now start offering life insurance cover of up to Rs 5 lakh to its offline partners and their staffs. One97 Communications, the parent company of Paytm, said that this effort will help in giving a push towards realizing India’s vision of the digital economy.
Paytm will offer life...
June 20th, 2018Regular online shoppers might feel a little disappointed as Maharashtra government has banned the use of plastic which might result in a costlier online shopping in coming months.
Post the plastic ban, e-commerce industry has come to alert adopting use of corrugated box particles and paper softeners to package products shipped outside...
June 17th, 2018Jason Kothari the former chief executive of Snapdeal is joining Ahmedabad-based online e-commerce platform Infibeam as President. In the sudden move, Kothari will now hold company's lead strategy, corporate development, international operations, and investor relations process.
According to the press release, the company said, Kothari...
April 17th, 2018SHOPX, India’s fastest growing digital offline platform, fueling retailers in India, has received ₹12.99 Cr of fresh capital from existing investor, Nandan Mohan Nilekani.
ShopX has so far raised a total of ₹122 Crore of which Mr Nilekani's contribution has been almost all of it.
The former UDAI Chairman and Infosys...
April 16th, 2018India's leading online fashion platform Myntra has acquired Bengaluru based Witworks. Witworks is a technology startup making smart wearable devices and their underlying software.
Witworks team will join Mytnra R&D department after the acquisition to further strengthening the company's robust technology team and augment its...
April 8th, 2018Indian e-commerce Flipkart set up a new 8.3 lakh sq ft campus in Embassy Tech Village in Bengaluru as part of its Better together theme.
The new campus has a seating capacity of over 7,300 people.
Flipkart has around 7,600 employees, including warehouse, logistics team. About 6,800 employees would operate out of the new campus in...
March 26th, 2018India based online e-commerce platform ShopClues revenues grow 60 percent this fiscal, while losses have been trimmed by almost 40 percent compared to the previous year as per the press release published by the company.
The Gurgaon-based company focusses on categories like fashion and strengthening position in tier III cities and...
March 19th, 2018Alibaba, China's leading e-commerce company will appoint one of its founders Lucy Peng as head of Lazada and also invested around $2 billion into Southeast Asia's leading online shopping firm.
The appointment and funding will use to expand the operations in the south-east Asia region. Alibaba is the leading investor in the Lazada...
March 15th, 2018This Bengaluru based online marketplace Voonik operating in products for women’s fashion has received ₹65 Lakhs from existing investor Sequoia Capital. The amount is the first part of Series B round that commenced in December 2017.
In December 2017, RB Investments, Seedfund, and Sequoia Capital invested ₹7.37 Cr in Voonik. The...
